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COMPANY BENCHMARKING • UNITED STATES

Progressive Corp - Company Profile

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Progressive Corp - Overview

Description
Progressive Corp is a public company headquartered in Ohio with an estimated 27,250 employees. In the US, the company has a notable market share in at least two industries: Automobile Insurance and Commercial Auto Insurance. Their largest market share is in the Automobile Insurance industry, where they account for an estimated 14.5% of total industry revenue.
Company Details

Registered Name: Progressive Corp

Company Type: Operating

Exchange: NYSE

Headquarters: 6300 Wilson Mills Rd Mayfield Village OH 44143

Website: https://www.progressive.com/

Employees: 27250

Progressive Corp - Operating Industries and Main Competitors

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Progressive Corp - Products and Services

  • Automobile Insurance

  • Of the 5 core revenue-generating products and services in the Automobile Insurance industry, Progressive Corp offers:
    • Commercial liability insurance
    • Personal collision/comprehensive insurance
    • Personal liability insurance
  • Commercial Auto Insurance

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

Progressive launches new product with Fidelity Life partnership

Progressive partnered with Fidelity Life to launch a one-year, short-term life insurance offering in October 2021. The new short-term life insurance package, RAPIDecision Life One, is specifically designed for first time life insurance buyers. The insurance is available without medical exams and at affordable rates. With the launch, Progressive extends its product offerings targeted for the millennial consumer.

Balance Sheet|New Activity|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 Corp - SWOT Analysis

Strengths and weaknesses take into account internal factors, and are based on Progressive Corp's performance in comparison to its competitors. Opportunities and Threats focus on external influences, and are based on trends and demand in the Automobile Insurance, and Commercial Auto Insurance industries.
Strengths
Days Receivables: 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.
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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Progressive Corp - Financial Statements & Ratios

pie_chartProgressive Corp Income Statement

BALANCE DATE12/31/202112/31/202012/31/201912/31/201812/31/201712/31/2016
Revenue47,702.042,658.139,022.331,979.026,839.023,441.4
Cost of Revenue000000000000000000000000
Cost of Revenue, Non-Cash000000000000000000000000
Gross Profit000000000000000000000000
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pie_chartProgressive Corp Balance Sheet

BALANCE DATE12/31/202112/31/202012/31/201912/31/201812/31/201712/31/2016
Cash and EquivalentsN/AN/AN/AN/AN/AN/A
Short-Term Investments000000000000000000000000
Derivative Assets, Current000000000000000000000000
Restricted Cash and Investments000000000000000000000000
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pie_chartProgressive Corp Cash Flow

BALANCE DATE12/31/202112/31/202012/31/201912/31/201812/31/201712/31/2016
Net Income3,350.95,704.63,980.02,621.01,598.11,057.2
Income (Loss) From Discontinued Operations000000000000000000000000
Depreciation, Depletion and Amortization000000000000000000000000
Amortization of Financing Costs and Discounts000000000000000000000000
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  • Products and Services
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