Progressive Corp
- Industry
- Insurance
- Exchange
- US
- Country
- USA
- IPO date
- Jul 9, 1986
- Employees
- 70,053
- Website
- www.progressive.com
Composite valuation range · conservative $125–$155 / fair $155–$185 / optimistic $185–$220. At $215.75, Within the optimistic intrinsic-value range · much expectation priced in.
At publication $199.51 (May 25, 2026)
Data from EODHD, shown in the reporting currency; for reference only, not investment advice.
The Progressive Corporation operates as an insurance company in the United States. It writes insurance for personal autos and special lines products, including motorcycles, RVs, and watercraft; and personal residential property insurance for homeowners and renters. The company also writes auto-related liability and physical damage insurance for comprising dump trucks, log trucks, garbage trucks, tractors, trailers, straight trucks, tow trucks and wreckers, vans, pick-up trucks, and autos; business-related general liability and commercial property insurance for small businesses; and workers' compensation insurance for the transportation industry. In addition, it offers other specialty property-casualty insurance and provides related services; personal property reinsurance products; and involved in investment activities. It sells its products through independent insurance agencies, as well as online and over the phone. The Progressive Corporation was founded in 1937 and is headquartered in Mayfield, Ohio.
History
The Progressive Corporation was founded in 1937 and is headquartered in Mayfield, Ohio. It completed its initial public offering on July 9, 1986. Over the decade from 2016 to 2025, the company scaled substantially, with net premiums written growing from $23.354 billion in 2016 to $83.174 billion in 2025, and total policies in force expanding from roughly 16.467 million in 2016 to 38.619 million at year-end 2025.
Industry position
Progressive is a U.S. property-and-casualty insurer centered on personal auto insurance, alongside commercial auto, specialty-vehicle, and residential property lines. Based on 2024 premiums written, it is the second-largest U.S. private passenger auto insurer (behind State Farm), the largest motorcycle insurer, and among the largest commercial auto insurers. In 2025 it wrote $83.174 billion in net premiums ($72.558 billion personal, $10.613 billion commercial); personal auto was split roughly 42% agency and 58% direct, distributed through over 40,000 independent agencies plus online and phone channels. It operates across all 50 states, D.C., Bermuda, and parts of Canada, employing 70,053 people.