Progressive

Ohio-based auto and property insurer

Overview

Progressive is an insurance holding company providing personal and commercial auto insurance, residential property insurance and other specialty property and casualty cover through Personal Lines, Commercial Lines and Property segments.[2] Fortune records 2025 revenue of US$87.7bn, up 16.3%, and profit of US$11,308m.[1]

Progressive strengths and limitations

Strengths

  • Fast revenue growth
  • High profit relative to revenue

Limitations

  • Concentrated in US auto insurance
  • Exposed to claims inflation in vehicle repair costs

Appears in

Progressive peers and competitors

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