PROGRESSIVE CORP/OH/
The Progressive Corporation is an insurance holding company with insurance and non-insurance subsidiaries and affiliates. The company's vision is to become consumers', agents', and business owners' number one destination for insurance and other financial needs. Progressive's business is organized into four strategic pillars: people and culture, broad needs of customers, leading brand, and competitive prices. The company operates in the personal and commercial auto insurance, business-related general liability and property insurance, workers' compensation insurance, and flood insurance markets. Progressive's Personal Lines segment accounted for 79% of its total net premiums written in 2023 and is focused on offering a broad range of personal auto and special lines insurance products with distinctive service, distributed through whichever channel the customer prefers, and bundled with property insurance and other products. The Commercial Lines segment accounted for 16% of its total net premiums written in 2023 and offers auto-related liability and physical damage insurance, business-related general liability and property insurance, and workers' compensation insurance primarily for small businesses. The company expanded its portfolio of offerings to larger fleet, workers' compensation coverage for trucking, and affinity programs in 2021. Progressive's website is progressive.com, and its ticker symbol is PGR. The company's business strategy includes refining its personal auto segmentation, underwriting models, and pricing over time, offering usage-based insurance programs, and forming deeper and longer-term relationships with customers through its Destination Era strategy, which includes bundling insurance products and expanding the roster of products provided by unaffiliated companies.