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progressive insurance
 

 

Progressive
Type Public (NYSE: PGR)
Founded 1965
Location Mayfield Village, Ohio
Key people Glen Renwick, CEO
Peter Lewis, Chairman
Industry Automobile Insurance
Revenue $14.29 Billion USD (2005)
Employees +35,000
Website www.progressive.com

Contents

  • 1 About Progressive
  • 2 The IRV (Immediate Response Vehicle)
  • 3 Index Memberships
  • 4 External links

About Progressive

The Progressive Corporation (PGR), through its subsidiaries, provides personal automobile insurance, and other specialty property-casualty insurance and related services in the United States. The company operates in three segments: Personal Lines, Commercial Auto, and Other-indemnity. The Personal Lines segment writes insurance for private passenger automobiles and recreational vehicles through both an independent agency channel and a direct channel. The Commercial Auto segment writes primary liability and physical damage insurance for automobiles and trucks owned by small businesses primarily through the independent agency channel. The Other-indemnity segment provides professional liability insurance to community banks, principally directors, and officers liability insurance. It also provides insurance-related services, primarily providing policy issuance and claims adjusting services in 25 states for Commercial Auto Insurance Procedures/Plans.

The company was co-founded in 1937 by Jack Green and Joseph Lewis and is headquartered in Mayfield Village, Ohio. (Source: http://finance.yahoo.com/q/pr?s=PGR)

The IRV (Immediate Response Vehicle)

Progressive's IRVs are specially modified Ford Explorers and Ford Escapes.

Index Memberships

S&P 500
S&P 1500 Super Comp

External links

  • Progressive web site
  • Yahoo! - The Progressive Corporation Company Profile
Search Term: "Progressive_Corporation"

Related News

Ohio Grants Job Tax Credit to Progressive Insurance for Expansion 

Insurance Journal - Apr 25 10:13 PM
Ohio Governor Bob Taft announced that the Ohio Tax Credit Authority has approved job creation tax credits for 10 companies involved in business location or expansion projects that, if located in Ohio

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