Progressive

Progressive Corporation stands as one of the largest property and casualty insurance companies in the United States, holding the #2 position in personal auto insurance with approximately 16.7% market share as of 2024. Founded in 1937 by Joseph Lewis and Jack Green in Cleveland, Ohio, Progressive revolutionized the insurance industry by focusing on high-risk drivers that other companies refused to insure. This pioneering approach, combined with technological innovation and customer-centric solutions, has transformed Progressive from a small regional insurer into a $75+ billion revenue powerhouse.

Under the leadership of CEO Tricia Griffith since 2016—the first woman to lead the company—Progressive has consistently outpaced competitors through industry-leading innovations like the Snapshot usage-based insurance program and the Name Your Price Tool. The company posted exceptional 2024 results with $75.34 billion in revenue (up 21.4% year-over-year), net income of over $5 billion, and a remarkable 68.9% loss ratio that significantly outperformed rivals State Farm, GEICO, and Allstate. Progressive serves approximately 30 million policies across personal and commercial auto, motorcycle, boat, and homeowners insurance through both direct and independent agent channels.

Progressive's culture is built on its Core Values—Integrity, Golden Rule, Objectives, and Excellence—which have guided the company through 87 years of innovation. The company employs over 50,000 people and has earned recognition as a Fortune 100 Best Companies to Work For (#12 in 2025). With $7+ billion in annual advertising spend featuring its iconic spokesperson "Flo," Progressive has built one of the most recognizable brands in American insurance. The company's relentless focus on technology, data analytics, and customer experience positions it to continue gaining market share as the insurance industry evolves toward telematics, AI-powered claims processing, and personalized pricing models.