BNET Industries

Progressive Corp.

(PGR) is in the Financial Services Industry

Market Cap:$11.5B

Last Fiscal Year Sales:$12.8B

Public
US

Dow Jones Description

Founded in 1965, The Progressive Corporation (NYSE: PGR) is a leading provider of non-standard, high risk personal automobile insurance and other specialty property-casualty insurance and related services. Its three business segments include Personal Lines, Commercial Automobile, and Other. Through these divisions the company provides insurance for private passenger automobiles, primary liability and physical damage for vehicles owned by businesses, and liability insurance for directors and officers. The Company engages a network of over 28,336 agents, brokers and strategic business relationships at its headquarters in Village, OH and throughout the US.

Number of Employees 25,929

Contact Information

6300 Wilson Mills Rd

Cleveland, Ohio 44143-2109

www.progressive...

(440) 461-5000

Peer Companies

NAICS Code Direct Property and Casualty Insurance Carriers: 524126

Company News

Recent Events

Notable Analyst Rating Changes 12/16: CNQ, SCHW, RCL, CCL, NLY, GLW, BFS, ADBE Upgraded; AYE,...

12/16/09 - Bond / Stock Rating - View Story
Progressive Announces Election of Stuart B. Burgdoerfer to Board

12/14/09 - Board Member - Entering - View Story
Progressive Announces Election of Stuart B. Burgdoerfer to Board of Directors and Annual Dividend Information

12/14/09 - Stock Split / Dividend - View Story
Progressive November Profit Falls As Premium Prices Are Soft

12/09/09 - Financial Announcement - View Story
Progressive Corp: Direct Auto Insurance Prices Up 1% In 2009

11/11/09 - Financial Announcement - View Story
Rhode Island Drivers Can Now Save Big Bucks Based on How They Drive as Progressive...

11/10/09 - Licensing / Contract - View Story
Making Progress

11/02/09 - Bond / Stock Rating - View Story
Sandler O'Neill Downgrades Progressive PGR to Hold

10/21/09 - Bond / Stock Rating - View Story
Progressive Launches New Online Game

10/13/09 - Product Announcement - View Story
> Progressive Corp. posts improved bottom-line results for September, third quarter

10/14/09 - Financial Announcement - View Story
'Clunker' program drives up insurance fees

8/28/09 - Financial Announcement - View Story
Progressive board member resigns

8/24/09 - Board Member - Leaving - View Story
Progressive Sees Profit Boost ... Finally

7/10/09 - Financial Announcement - View Story

News & Analysis

a.m. best co. and progressive corp. - All News and Analysis

A.M. Best Affirms Ratings of The Progressive Corporation and Its Subsidiaries

- 2008-02-19

OLDWICK, N.J. -- A.M. Best Co. has affirmed the financial strength ratings FSR of A+ Superior and the issuer credit ratings ICR of "aa" of the Progressive Agency Pool, Progressive Direct Pool and Progressive Commercial Auto Group collectively known as Progressive and their respective members. In addition, A.M. Best has...

Tags: A.M. Best Co., Progressive Corp.
A.M. Best Assigns Debt Rating to The Progressive Corporation's Junior Subordinated Debentures

- 2007-06-21

OLDWICK, N.J. -- A.M. Best Co. has assigned a debt rating of "bbb+" to The Progressive Corporation's Progressive (Mayfield Village, OH) [NYSE:PGR] $1.0 billion offering of junior subordinated debentures. The junior subordinated debentures are fixed-to-floating rate and have a scheduled maturity of 30 years with a final maturity of 60...

Tags: A.M. Best Co., Progressive Corp.
A.M. Best Assigns Ratings to Progressive's New Jersey Companies

- 2005-10-03

OLDWICK, N.J. -- A.M. Best Co. has assigned the financial strength ratings FSR of A+ Superior and issuer credit ratings ICR of "aa" to Progressive Garden State Insurance Company, Progressive Freedom Insurance Company and Drive New Jersey Insurance Company. All companies are headquartered in Mayfield Village, OH. The companies' ultimate...

Tags: A.M. Best Co., Progressive Corp.
A.M. Best Comments On Progressive's Capital Management Initiatives

- 2004-09-14

OLDWICK, N.J. -- A.M. Best Co. acknowledges Progressive's capital management efforts, which include the payment of dividends from its insurance operating subsidiaries to carry out a one time repurchase of up to 17.1 million shares of The Progressive Corporation's (NYSE: PGR) outstanding common stock via a Dutch auction tender offer....

Tags: A.M. Best Co., capital management, Progressive Corp.