Progressive
Progressive is a leading property and casualty insurance holding company providing personal and commercial insurance throughout the United States. The company leverages advanced data analytics and proprietary technology to offer competitively priced coverage for vehicles, homes, and small businesses. Its core value proposition centers on multi-product bundling and usage-based insurance programs that reward safe driving behavior.
Financials
Based on Q1 2026 filing
Revenue
View metricNet Income
View metricOperating Cash Flow
View metricFree Cash Flow
View metricEPS (Diluted)
View metricBusiness Segments
Personal Lines
primaryThis segment provides insurance for personal autos, recreational vehicles, and residential property. It operates through both independent agents and a direct-to-consumer channel, utilizing sophisticated risk segmentation and usage-based pricing models.
Snapshot, HomeQuote Explorer (HQX), Personal Auto Insurance, Special Lines (Motorcycle, Boat, RV), Homeowners Insurance, Renters Insurance, Personal Umbrella Insurance
Individual consumers, Renters, Homeowners, Recreational vehicle owners
Commercial Lines
majorThis segment provides primary liability and physical damage insurance for automobiles and trucks owned by small businesses and fleets. It also offers general liability, commercial property, and workers' compensation insurance specifically tailored for the transportation industry.
Smart Haul, Snapshot ProView, BusinessQuote Explorer (BQX), Cargo Plus, Commercial Auto Insurance, Business Owners Policy (BOP), Workers' Compensation
Small business owners, For-hire transportation companies, Contractors, Transportation Network Companies (TNC), Trucking fleets
Segment Financials
Personal Lines Segment — Independent insurance agencies and brokerages
View metricBusiness Overview
Competitive Position
Progressive is the second-largest U.S. private passenger auto insurer and the top-ranked provider in the U.S. commercial auto market.
Geographies
United States, Canada
Customer Segments
Retail Consumers, Small and Medium Enterprises (SME), Gig Economy Platforms
Upstream Dependencies
Independent insurance agencies, Reinsurance providers, Third-party data providers, Technology and cloud infrastructure vendors
Downstream Customers
Individual vehicle owners, Homeowners, Small business operators, Commercial fleet managers, Rideshare drivers
Competitors & Partners
Competitors
Allstate
ALL
Multi-line insurance competitor in agency and direct channels.
The Travelers Companies
TRV
Competitor in commercial and personal insurance lines.
The Hartford Financial Services Group
HIG
Competitor in personal lines and auto insurance
Cincinnati Financial
CINF
Competitor in personal and commercial auto insurance
Berkshire Hathaway
BRK.A
Competitor in private passenger automobile insurance
Berkshire Hathaway
BRK.B
Direct-to-consumer auto insurance competitor.
Partners
Uber Technologies
UBER
Provides commercial auto coverage for TNC subsidiaries in multiple states.
National Flood Insurance Program
Participates in the Write Your Own program for flood insurance.
S&P Global
SPGI
Source for industry market share and ranking data.
A.M. Best Company, Inc.
Source for industry data and insurance carrier rankings.
Progressive FAQ
Common questions about Progressive
Progressive is a leading property and casualty insurance holding company providing personal and commercial insurance throughout the United States. The company leverages advanced data analytics and proprietary technology to offer competitively priced coverage for vehicles, homes, and small businesses. Its core value proposition centers on multi-product bundling and usage-based insurance programs that reward safe driving behavior.
Progressive (PGR) has a market capitalization of $116.10B and trades on NYSE.
Progressive generated $89.9B in trailing twelve-month revenue with net income of $11.5B, representing a net margin of 12.8%, with free cash flow of $14.7B. These figures are based on the Q1 2026 filing.
Progressive's key competitors include Allstate, Travelers, The Hartford Insurance Group, Inc., and others. These companies compete in similar markets and product categories.
Progressive has approximately 61,400 employees.