| | Business Summary | | The
Progressive
Corporation
is
an
insurance
holding
company.
The
Company
has
76
subsidiaries
and
two
mutual
insurance
company
affiliates.
The
Progressive
Corporation's
insurance
subsidiaries
and
affiliates
provide
personal
automobile
insurance
and
other
specialty
property-casualty
insurance
and
related
services
throughout
the
United
States.
The
Company's
property-casualty
insurance
products
protect
its
customers
against
collision
and
physical
damage
to
their
motor
vehicles
and
liability
to
others
for
personal
injury
or
property
damage
arising
out
of
the
use
of
those
vehicles. | | More
from
Market Guide: Expanded
Business Description |
| | Financial Summary | | The
Progressive
Corp.
is
an
insurance
holding
company
for
82
subsidiaries
which
provide
personal
auto
insurance
and
specialty
property-casualty
insurance.
PGR
also
has
one
mutual
insurance
company
affiliate.
For
the
six
months
ended
6/30/01,
revenues
rose
12%
to
$3.64
billion.
Net
income
totalled
$190.3
million
vs.
a
loss
of
$60.7
million.
Revenues
reflect
increases
in
premiums
earned
and
investment
income.
Earnings
also
reflect
decreased
loss
adjustment
expenses. | | More
from
Market Guide: Significant
Developments |
| | | | FY2000
Compensation | | Pay | Exer | |
| Peter Lewis, 67
Chairman | $1.1M | $6.0M | Glenn Renwick, 45
Pres,
CEO, Director | 512K | -- | W. Thomas Forrester, 52
CFO
and Treasurer | 432K | -- | Jeffrey Basch, 42
VP,
CAO | -- | -- | Thomas King, 41
VP,
Controller | -- | -- | | Dollar
amounts are as of 31-Dec-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.; "Exer" is the value of options excercised during the fiscal year. |
| More
from
Market Guide on Officers & Directors:
Expanded
List, Bios,
Compensation,
Options
|
|
![[one-year price graph]](http://chart.yahoo.com/c/0b/p/pgr.gif)