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Financial Services · Insurance - Property & Casualty

The Progressive Corporation

U.S. property and casualty insurer best known for auto insurance

Understand Progressive →

What Progressive does

Progressive sells insurance in the United States, mainly car insurance for individuals, plus coverage for motorcycles, RVs, boats, homes and renters. It also insures commercial vehicles such as trucks, tow trucks and vans, and offers liability, property and workers' compensation coverage for small businesses and the transportation industry. Customers can buy through independent insurance agents, online or by phone.

How Progressive makes money

Progressive earns premiums from personal and commercial insurance policies and profits when those premiums exceed claims and expenses. It also earns investment income by investing the premiums it holds before claims are paid.

Products & services

Sector Financial Services Industry Insurance - Property & Casualty HQ United States Ticker PGR Official site