Progressive (NYSE:PGR) (NYSE:PGR) is a diversified insurance provider with a history dating back to its founding in 1937. Originally established to offer auto coverage to high-risk drivers, the company has grown into one of the largest property and casualty insurers in the United States. From its early roots in roadside assistance and liability protection, Progressive has expanded its offerings to address a broad range of personal and commercial insurance needs.
The company’s core business centers on auto insurance, including standard policies for private passenger vehicles as well as specialty coverage for motorcycles, recreational vehicles and boats. In addition to personal auto, Progressive offers homeowners, renters and condominium insurance, along with flood and umbrella liability products. On the commercial side, Progressive provides fleet and business auto insurance tailored to small and mid-sized enterprises, plus workers’ compensation solutions for select industries.
Progressive is known for its adoption of technology and data analytics to enhance underwriting and customer service. Its Snapshot telematics program collects driving behavior data to offer personalized rates, while the Flo chatbot assists customers with claims filing and policy inquiries. The company’s website and mobile app enable online quotes, digital ID cards, bill payment and policy management, reflecting Progressive’s focus on convenience and innovation in the insurance marketplace.
Operating across all 50 U.S. states and in select Canadian provinces, Progressive serves millions of policyholders through a mix of direct-to-consumer channels and independent agents. Under the leadership of CEO Tricia Griffith—who took the helm in 2016—the company has emphasized growth in new product lines such as pet medical insurance and pay-per-mile auto coverage. Progressive’s executive team continues to steer the firm toward data-driven solutions and expanded market presence in North America.
