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Home > Company Index > Insurance > Property & Casualty Insurance > The Progressive Corporation

The Progressive Corporation
NYSE: PGR
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 PROFILE
Long a leader in nonstandard, high-risk personal auto insurance, The Progressive Corporation has motored beyond its traditional business into standard-risk and preferred auto insurance, as well as other personal-use vehicle coverage (motorcycles, recreational vehicles, and snowmobiles). Besides personal lines (about 90% of sales), the company's offerings include collateral insurance for auto lenders, directors' and officers' insurance, and employee misconduct insurance. The company markets directly to consumers via its Web site and toll-free telephone number (direct sales account for about 25% of sales) and through 30,000 independent agents in the US.

 COMPETITION
The Allstate Corporation (ALL)
GEICO Corporation (dossier)
State Farm Insurance Companies (dossier)

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 FINANCIAL OVERVIEW
Fiscal Year-End: December
2000 Sales (mil.): 6,771.00
1-Yr. Sales Growth: 10.6%
Employees: 19,490
Revenue per employee: $347,408.93

 KEY PEOPLE
• Glenn M. Renwick
    CEO
• W. Thomas Forrester
    CFO

 CONTACT INFO
6300 Wilson Mills Rd.
Mayfield Village, OH 44143
US
Phone: 440-461-5000
Fax: 440-603-4420
Online: Web Site

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