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COMPANY BENCHMARKING • UNITED STATES

Progressive Casualty Insurance Company - Company Profile

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Progressive Casualty Insurance Company - Overview

Description
Progressive Casualty Insurance Company is a private company with an estimated 33,656 employees. In the US, the company has a notable market share in at least one industry: Commercial Auto Insurance, where they account for an estimated 9.3% of total industry revenue and are considered a Disruptor because they display lower to medium market share that’s rising rapidly, but weaker profits compared to some of their peers.
Company Details

Registered Name: Progressive Casualty Insurance Company

Company Type: Other

Employees: 33656

Progressive Casualty Insurance Company - Operating Industries and Main Competitors

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Progressive Casualty Insurance Company - Products and Services

  • Commercial Auto Insurance in the US

  • Of the 4 core revenue-generating products and services in the Commercial Auto Insurance in the US industry, Progressive Casualty Insurance Company offers:
    • Collision and comprehensive insurance
    • Investment income
    • Personal injury liability insurance
    • AAAAA AAAAA
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Progressive Casualty Insurance Company - Analyst Insights

Hiring to Support Continued Growth

Progressive Insurance hired an estimated 6,400 new employees in 2021 to support the growth of the national insurance organization. With total sales of more than $42.0 billion in 2020, the company will likely expand its customer base and hire additional billing, customer care, technology, analytics and legal professionals nationwide. As a result, the company is anticipated to become a stronger market player within its industries.

Labor|M&A


In response to volatile demand in the wake of the first COVID-19 surge, the company undertook a comprehensive cost reduction program, aimed at shoring up labor and supply costs.

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Progressive Casualty Insurance Company - SWOT Analysis

Strengths and weaknesses take into account internal factors, and are based on Progressive Casualty Insurance Company's performance in comparison to its competitors. Opportunities and Threats focus on external influences, and are based on trends and demand in the Commercial Auto Insurance in the US industry.
Strengths
Days Receivables: x.x%
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Rank: 2 of 3 peers
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Annual Turnover: x.x%
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Rank: 2 of 3 peers
Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book.
Weaknesses
Credit Risk: x.x%
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Rank: 2 of 3 peers
Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book.
Revenue per Employee: $xx
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Rank: 2 of 3 peers
Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book.
Opportunities
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Threats
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