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Progressive (PGR) Company Profile

Updated Jun 19, 2020
Progressive has the following business profile:
Company's Full Name:Progressive Corp.
Short Name:Progressive
Trading Ticker Symbol:PGR
Primary Exchange:NYSE
Headquarter City/Country:Mayfield Village, Ohio
Primary Industry Sector:Finance
Seconday Sub-sector:Property-Casualty Insurers
Main Business Areas: Finance, Property-Casualty Insurers, Financial Services, Property & Casualty Insurance, S&P 500
Dividend Payments:Dividend History
ETFs Holding:List of ETFs holding Progressive stock

Market and Trading Information for Progressive

The following details were available for trading and market data about the stock of Progressive as of writing:
Current Share Price:$80.99
Previous Year's Closing Price:$72.39
Percentage Price Change (YTD):11.88%
Market Cap:$47.4 billion
52-week Price Range:$62.18 - $84.96
Dividend Per Share:$0.4
EPS (TTM):6.06
Price-Earnings (Trailing):13.36
Price-Earnings (Forward):14.78

Company Profile and Business Description for Progressive

The Progressive Corporation, incorporated on February 4, 1965, is an insurance holding company. The Company's insurance subsidiaries and affiliates provide personal and commercial automobile and property insurance, other specialty property-casualty insurance and related services. The Company operates through the Personal Lines, Commercial Lines and Property segments. It also offers vehicle insurance products that protect its customers against losses due to collision and physical damage to their motor vehicles, uninsured and underinsured bodily injury, and liability to others for personal injury or property damage arising out of the use of those vehicles. The Company's property insurance products protect its customers against losses due to damages to their structure or possessions within the structure, as well as liability for accidents occurring in the structure or on the property. Its non-insurance subsidiaries and affiliates generally support the Company's insurance and investment operations. The Company operates its vehicle businesses and property business in the United States. The Company also sells personal auto physical damage and auto property damage liability insurance in Australia.

Personal Lines

The Company's Personal Lines segment writes insurance for personal autos, and recreational and other vehicles. The Personal Lines segment consists of its personal auto insurance products, as well as special lines products. The Personal auto insurance business includes Snapshot, the Company's usage-based insurance program, which is available to consumers through both the Agency and Direct channels. Special lines products include insurance for motorcycles, all-terrain vehicles (ATVs), recreational vehicles (RVs), manufactured homes, watercraft, snowmobiles and other items.

The Company's Personal Lines products are sold through both the Agency and Direct channels. These independent insurance agents and brokers place business with the Company for specified insurance coverages. The Agency business also writes insurance through strategic alliance business relationships with other insurance companies, financial institutions and national agencies. The Direct business includes business written directly by the Company on the Internet, through mobile devices and over the phone.

In the Personal Lines segment, the Company focuses to penetrate customer households through cross-selling auto policies with other products, including through Progressive Home Advantage (PHA) to meet a range of customer needs. PHA is a program in which it bundles auto product with property insurance provided by American Strategic Insurance (ASI), primarily in the Agency channel, or unaffiliated insurance carriers in the Direct channel. In addition, it offers Platinum product, which is a home and auto insurance combined offering that provides the agents a single offering with compensation, coordinated policy periods, single event deductible and other features.

Commercial Lines

The Commercial Lines business writes primary liability, physical damage and other auto-related insurance for automobiles and trucks owned and/or operated predominately by small businesses as a part of the commercial auto market. The Commercial Lines business operates in various business market targets, such as Business auto, which includes autos, vans and pick-up trucks used by small businesses, such as retailing, farming, services and private trucking; For-hire transportation, which includes tractors, trailers and straight trucks primarily used by regional general freight and expeditor-type businesses and non-fleet long-haul operators; Contractor, which includes vans, pick-up trucks, and dump trucks used by small businesses, such as artisans, heavy construction and landscapers/snowplowers; For-hire specialty, which includes dump trucks, log trucks, and garbage trucks used by dirt, sand and gravel, logging and coal-type businesses; Tow, which includes tow trucks and wreckers used in towing services and gas/service station businesses, and For-hire livery, which includes non-fleet taxis, black-car service and airport taxis.

Property

ASI is a homeowner carrier in the United States, which specializes in personal and commercial property insurance, personal umbrella insurance, and primary and excess flood insurance. Its Property business writes homeowners and renters insurance, primarily in the Agency channel for personal property insurance and for commercial property insurance. The Company also writes flood insurance in approximately 37 states, ASI is a provider of homeowner products for new PHA business in its Agency channel.

Other Indemnity

The Company's other indemnity businesses consist of managing its run-off businesses, including the run-off of professional liability business. It has three professional liability policies in force.

Service Businesses

The Company's service business includes Commercial Auto Insurance Procedures/Plans (CAIP) and Commission-based businesses. It is a servicing carrier on a nationwide basis for CAIP plans, which are state-supervised plans servicing the involuntary market. In its Direct business through Progressive Home Advantage, the Company offers home, condominium and renters insurance, among other products, written by unaffiliated insurance companies on a nationwide basis. Through Progressive Commercial Advantage, the Company offers its customers the ability to package their auto coverage with other commercial coverages that are written by unaffiliated insurance companies or placed with additional companies through unaffiliated insurance agencies. This program offers general liability and business owners' policies throughout the continental United States and workers' compensation coverage.

6300 Wilson Mills Rd

ETFs Holding Progressive Stock

As of March 2020, the following exchange-traded funds (ETF) hold the Progressive stocks in their respective portfolios. Below is a random list of only 10 ETFs in no particular order that have Progressive stock holding. There are a total of 160 ETFs in Fknol.com records which are holding Progressive stock in their portfolio. See Full List.

TickerNameShort DescriptionExpense
Ratio
No. of
Holdings
Dividend
Frequency
ACWIiShares MSCI ACWI ETFThe iShares MSCI ACWI ETF tracks a market-cap-weighted index of large- and midcap global stocks, covering 85% of the developed and emerging markets capitalization. ...Full Details ...Candlestick Patterns.0.32%1596
Full List
Semi-Annually
ACWViShares Edge MSCI Min Vol Global ETFThe iShares Edge MSCI Min Vol Global ETF tracks an index of large- and midcap global stocks selected and weighted to create a low volatility portfolio subject to constraints including sector exposure. ...Full Details0.2%426
Full List
Semi-Annually
AMCAiShares Russell 1000 Pure US Revenue ETFThe iShares Russell 1000 Pure US Revenue ETF tracks a market-cap-weighted index of large- and midcap US stocks that generate a substantial portion of their revenue from domestic sales. ...Full Details0.15%409
Full List
Annually
CATHGlobal X S&P 500 Catholic Values ETFThe Global X S&P 500 Catholic Values ETF tracks an index of US large-cap stocks selected from the S&P 500. The cap-weighted index omits companies from certain industries at odds with Catholic values. ...Full Details0.29%464
Full List
Annually
CLRGIQ Chaikin US Large Cap ETFThe IQ Chaikin US Large Cap ETF tracks an equal-weighted index of large-cap US stocks. Holdings are selected based on a multi-factor model. ...Full Details0.25%66
Full List
Quarterly
CRBNiShares MSCI ACWI Low Carbon Target ETFThe iShares MSCI ACWI Low Carbon Target ETF tracks an index of stocks from global firms selected for a bias toward lower carbon emissions, but with tight constraints to the broad, marketlike ACWI index. ...Full Details0.2%1204
Full List
Semi-Annually
CSMProshares Large Cap Core PlusThe ProShares Large Cap Core Plus ETF tracks a long/short index of the 500 largest US stocks. It uses a set of rules to assign weights to each equity that add up to 130% long and 30% short exposure. ...Full Details0.45%320
Full List
Quarterly
DEWWisdomTree Global Equity Income FundThe WisdomTree Global High Dividend ETF tracks an index of the top 30% of global dividend-paying stocks ranked by dividend yield and weighted by dividends. ...Full Details0.58%660
Full List
Quarterly
DIVBiShares US Dividend and Buyback ETFThe iShares US Dividend and Buyback ETF tracks an index of large-, mid-, and small-cap US stocks that have a history of dividend payments and/or share buybacks. ...Full Details0.25%354
Full List
Annually
DLNWisdomTree US LargeCap Dividend ETFThe WisdomTree U.S. LargeCap Dividend Fund tracks a dividend-weighted index of the 300 largest US companies that pay regularly pay cash dividends. ...Full Details0.28%294
Full List
Monthly

See Full List of ETFs holding Progressive stock in their respective portfolios.

Peer / Competitor Companies of Property-Casualty Insurers Sector

Along with Progressive Corp., the following other peer (competitor) companies also exist within the same Property-Casualty Insurers - Finance sector whose company profile and dividend history is as follows:

▶ 1347 Property Insurance (PIH): 1347 Property Insurance Holdings, Inc., incorporated on October 2, 2012, is a holding company. The Company, through its subsidiaries, is engaged providing property and casualty insurance. The Company offers homeowners ....See Detailed Company Profile,  Dividend History

▶ Alleghany (Y): Alleghany Corporation, incorporated on November 16, 1984, is an insurance holding company. The Company, through its subsidiary Alleghany Insurance Holdings LLC (AIHL) and its subsidiaries, is engaged in the property ....See Detailed Company Profile,  Dividend History

▶ Allstate (ALL): The Allstate Corporation (Allstate), incorporated on November 5, 1992, is a holding company for Allstate Insurance Company. The Companys business is conducted principally through Allstate Insurance Company, Allstate Life Insurance ....See Detailed Company Profile,  Dividend History

▶ Ambac Financial (AMBC): Ambac Financial Group, Inc. (Ambac), incorporated on April 29, 1991, is a financial services holding company. The Company operates through two segments: Financial Guarantee and Financial Services. The Financial Guarantee ....See Detailed Company Profile,  Dividend History

▶ Ambac Financial (AMBCW): Ambac Financial Group, Inc., a financial services holding company, provides financial guarantees to public and private sector clients in the United States, the United Kingdom, Italy, Austria, Australia, France, and Internationally. It offers financial guarantee insurance policies; and credit derivative contracts and Interest rate derivative transactions. The company was incorporated in 1991 and is head....See Detailed Company Profile,  Dividend History

▶ American Financial (AFG): American Financial Group, Inc. (AFG), incorporated on July 1, 1997, is a holding company engaged primarily in property and casualty insurance businesses. The Company, through Great American Insurance Group, focuses ....See Detailed Company Profile,  Dividend History

▶ American Financial (AFGE): American Financial Group, Inc. (AFG), incorporated on July 1, 1997, is a holding company engaged primarily in property and casualty insurance businesses. The Company, through Great American Insurance Group, focuses ....See Detailed Company Profile,  Dividend History

▶ American Financial (AFGH): American Financial Group, Inc. (AFG), incorporated on July 1, 1997, is a holding company engaged primarily in property and casualty insurance businesses. The Company, through Great American Insurance Group, focuses ....See Detailed Company Profile,  Dividend History

▶ American International (AIG): American International Group, Inc. (AIG), incorporated on June 9, 1967, is a global insurance company. The Company provides a range of property casualty insurance, life insurance, retirement products and other ....See Detailed Company Profile,  Dividend History

▶ AMERISAFE (AMSF): Amerisafe, Inc., incorporated on October 28, 1985, is an insurance holding company. The Company is engaged in providing workers compensation insurance focused on small to mid-sized employers engaged in hazardous ....See Detailed Company Profile,  Dividend History

▶ Arch Capital (ACGL): Arch Capital Group Ltd. (ACGL), incorporated on September 22, 2000, provides insurance, reinsurance and mortgage insurance through its wholly owned subsidiaries. The Company provides a range of property, casualty and ....See Detailed Company Profile,  Dividend History

▶ Arch Capital (ACGLP): Arch Capital Group Ltd. (ACGL), incorporated on September 22, 2000, provides insurance, reinsurance and mortgage insurance through its wholly owned subsidiaries. The Company provides a range of property, casualty and ....See Detailed Company Profile,  Dividend History

▶ Assured Guaranty (AGO): Assured Guaranty Ltd., incorporated on August 21, 2003, is a holding company. The Company, through its subsidiaries, provides credit protection products to the United States and international public finance, including ....See Detailed Company Profile,  Dividend History

▶ Atlas Financial (AFH): Atlas Financial Holdings, Inc., incorporated on December 31, 2010, is a financial services holding company. The Company, through its subsidiaries, is engaged in the underwriting of commercial automobile insurance policies, ....See Detailed Company Profile,  Dividend History

▶ Axis Capital (AXS): AXIS Capital Holdings Limited, incorporated on December 9, 2002, is a holding company for the AXIS group of companies. The Company provides a range of specialty (re)insurance, through subsidiaries and ....See Detailed Company Profile,  Dividend History

▶ Blue Capital Reinsurance (BCRH): Blue Capital Reinsurance Holdings Ltd., incorporated on June 24, 2013, provides collateralized reinsurance in the property catastrophe market and invests in various insurance-linked securities. The Company conducts its operations through ....See Detailed Company Profile,  Dividend History

▶ Chubb (CB): Chubb Limited, through its subsidiaries, provides insurance and reinsurance products worldwide. Its North America Commercial P&C Insurance segment offers commercial property, marine, general casualty,....See Detailed Company Profile,  Dividend History

▶ Cincinnati Financial (CINF): Cincinnati Financial Corporation, incorporated on March 4, 1992, is an insurance holding company. As of December 31, 2016, the Company was engaged in the business of property casualty insurance marketed ....See Detailed Company Profile,  Dividend History

▶ CNA Financial (CNA): CNA Financial Corporation, incorporated on September 8, 1967, is an insurance holding company. The Companys segments include Specialty, Commercial, International, Life & Group Non-Core, and Corporate & Other Non-Core. The ....See Detailed Company Profile,  Dividend History

▶ Conifer (CNFR): Conifer Holdings, Inc., incorporated on October 27, 2009, is an insurance holding company. Through its insurance company subsidiaries, the Company offers insurance coverage in both specialty commercial and specialty personal ....See Detailed Company Profile,  Dividend History

... See Full List of All Stocks of Property-Casualty Insurers Sector.

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