The Progressive Corporation

Corporate

The Progressive Corporation was established in March 1937 by Joseph Lewis and Jack Green, in Cleveland, Ohio, United States. From the very beginning the company focused on auto insurance and today after 70 years of steady growth and expansion Progressive has become the 3rd largest automobile insurer in the United States. Progressive has issued over 10 million policies.

The Progressive Corporation is a Fortune 500 company.

Activities

Progressive has two main businesses –

Direct business whereby the customer can directly purchase insurance online or by phone

Agency business whereby the company sells insurance through a countrywide network of over 30,000 independent agents and brokers.
Progressive provides insurance cover for:

Automobiles (Cars)

Homeowners (Including condominium and renters insurance)

Motorcycles and ATV (All Terrain Vehicle)

Boats and PWC (Personal Water Craft)

RVs (Including Motor Homes, Travel Trailers and Campers)

Snowmobiles

Segway HT

Commercial Vehicles

Performance

In fiscal 2006 Progressive recorded revenues of 14.8 billion USD, which was approximately 3.5 %, more than what it was in the fiscal before.
The total value of the assets held by Progressive in fiscal 2006 was 19.48 billion USD that was approximately 3 % more than what it was in the fiscal before.

Value of assets over the last 2 fiscals (In billion USD) Progressive’s net income in fiscal 2006 was 1.65 billion USD that was 18.7 % more than what it was in the fiscal before. Net income over the last 3 fiscals (In million USD)

Infrastructure

• 24/7 response system (Quotes, Changes to policy, Update address or vehicle details, Add/remove driver)
• Online payment of premiums, etc
• 24/7 claims reporting service

Organization

The Progressive Corporation is headed by Mr. G. Renwick who is the CEO and President of the company

The Progressive Corporation’s corporate office is located at:

6300 Wilson Mils Road,
Mayfield Village,
Ohio 44143
USA
Tel: 1-800-776-4737
www.progressive.com