BNET Industries

Progressive Corp.

(PGR) is in the Financial Services Industry

Market Cap:$11.1B

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

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
Goldman upgrades Progressive, downgrades Allstate

9/11/09 - Bond / Stock Rating - View Story
Progressive Named One of the Best Places to Work in Northeast Ohio

9/16/09 - Bond / Stock Rating - View Story
Goldman Sachs upgrades Progressive to "buy," lowers Allstate to "sell"

9/11/09 - Bond / Stock Rating - View Story
Goldman Sachs Upgrades Progressive Corp. PGR Two-Notches to Buy

9/11/09 - Bond / Stock Rating - View Story
Progressive reports net income of $55M in August

9/10/09 - 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

progressive corp. and zacks.com - All News and Analysis

Progressive's Income Falls

Seeking Alpha - 2009-11-11

Zacks.com submits: Auto insurer Progressive Corporation’s PGR income for October fell to 16 cents per share compared with 22 cents in the year-ago period. Though the company has posted a growth in premium writings, realized gains were lower in the quarter compared to the year-ago quarter. The company,...

Tags: Financial, Zacks.com, Progressive Corp.
Progressive Surpasses Estimates

Seeking Alpha - 2009-10-14

Zacks.com submits: Progressive Corp.’s PGR third quarter earnings of 40 cents per share were 7 pennies ahead of the Zacks Consensus Estimate of 33 cents. Investment gains coupled with increase in premiums written have contributed to this result. Also, provisions for income taxes were reduced by $18.0 million...

Tags: Financial, Zacks.com, Progressive Corp.
Progressive: Earnings Preview

Seeking Alpha - 2009-10-12

Zacks.com submits: Progressive Corp. PGR is expected to release its third quarter results before the market opens on Oct 14. The Zacks Consensus Estimate for this stock is 33 cents per share. In the prior-year period, the company had reported earnings of 31 cents per share. ...

Tags: Financial, Zacks.com, Progressive Corp.
Fitch Downgrades Progressive Corp Due to Rating Criteria Change

Seeking Alpha - 2009-08-19

Zacks.com submits: On Monday, Fitch Ratings downgraded Progressive Corp. PGR but not because of a deterioration of the company’s financial profile. Interestingly, the action was the result of a change in the agency’s rating criteria. Fitch cut Progressive’s Issuer Default Rating (IDR) to 'A+' from 'AA-' and Senior...

Tags: Financial, Zacks.com, Progressive Corp.