# Progressive Insurance

> Progressive is a publicly traded U.S. property-casualty insurer best known for personal and commercial auto coverage, but its real operating advantage is a combination of granular risk pricing, direct and independent-agent distribution, comparison tools, telematics, and disciplined underwriting. Founded in Cleveland in 1937, the company now sells personal vehicle, residential property, small-business, and specialty coverage nationwide, with 38.6 million policies in force at the end of 2025 and $87.7 billion in 2025 revenue.

- **Founded:** 1937
- **Headquarters:** Mayfield Village, United States
- **Founders:** Joseph Lewis (Co-founder), Jack Green (Co-founder)
- **Team size:** Approximately 70,000 employees at year-end 2025
- **Products:** Personal auto insurance, Commercial auto and small-business insurance, Special lines insurance, Residential property insurance, Snapshot
- **Notable:** Opened what it describes as the insurance industry's first drive-in claims location in 1937., Became the first insurer to let consumers buy an auto policy in real time online in 1997., Began publicly reporting monthly underwriting results in the early 2000s, a practice unusual among listed companies.

## Products & services

- **Personal auto insurance** — Liability, collision, comprehensive and related vehicle coverage sold directly and through independent agents, including options for standard and nonstandard drivers.
- **Commercial auto and small-business insurance** — Coverage for business autos and trucks, fleets, contractors, transportation businesses, general liability, commercial property and selected workers' compensation risks.
- **Special lines insurance** — Coverage for motorcycles, boats, RVs, trailers, ATVs, snowmobiles, personal watercraft and other recreational vehicles.
- **Residential property insurance** — Homeowners, renters, condo, manufactured-home, umbrella and flood products, including policies placed with represented insurers through Progressive Home Advantage.
- **Snapshot** — A usage-based insurance program that uses driving behavior to personalize auto rates and offer eligible customers potential savings.
- **Name Your Price** — A quoting interface that lets shoppers begin with a budget and see available coverage combinations around it.
- **HomeQuote Explorer** — A platform for comparing homeowners quotes from multiple insurers represented by Progressive's agency.
- **Accident Response** — An in-app feature powered by Cambridge Mobile Telematics that can detect a serious crash and help connect the driver with assistance.
- **Progressive Pet Insurance** — Company-underwritten accident and illness coverage for cats and dogs, introduced in 2026.

## Achievements

- Opened what it describes as the insurance industry's first drive-in claims location in 1937.
- Became the first insurer to let consumers buy an auto policy in real time online in 1997.
- Began publicly reporting monthly underwriting results in the early 2000s, a practice unusual among listed companies.
- Built leading U.S. positions in personal auto, commercial auto, motorcycle and boat insurance; S&P Global analysis estimated Progressive became the largest U.S. private auto insurer for the trailing 12 months ended March 2026.
- Ended 2025 with 38.619 million policies in force and $83.174 billion in net written premiums.
- Reported a 2025 underwriting margin of 12.6% and a combined ratio of 87.4.
- Ranked No. 19 on Fortune's 100 Best Companies to Work For list in 2026, its ninth consecutive appearance.
- Ranked No. 1 on Forbes' 2026 list of America's Best Employers for Company Culture.

## Latest updates

- **2026-07** — Cleveland WNBA named Progressive a founding partner and multiyear jersey patch sponsor.
- **2026-06** — Progressive reported May 2026 net premiums written of $7.027 billion, net income of $1.445 billion and 39.970 million policies in force.
- **2026-06** — The Chicago Sky and Progressive announced a multiyear partnership described by the team as the largest deal in its history.
- **2026-05** — Progressive expanded its UpPayment program to support down-payment assistance for 200 first-time homebuyers.
- **2026-04** — Progressive ranked No. 19 on Fortune's 100 Best Companies to Work For list for 2026 and No. 1 on Forbes' company-culture employer list.
- **2026-01** — Progressive introduced company-underwritten pet insurance for cats and dogs.
- **2026-01** — The company began issuing credits to eligible Florida personal-auto policyholders after exceeding the state's statutory profit limit for the 2023-2025 accident-year period.
- **2025-11** — Progressive launched Accident Response, an in-app crash-detection feature powered by Cambridge Mobile Telematics.

## Links

- Website: https://www.progressive.com/
- LinkedIn: https://www.linkedin.com/company/progressive-insurance
- Twitter/X: https://twitter.com/progressive
- YouTube: https://www.youtube.com/channel/UCzX4gPZ9x1iK29lv_sHhuDQ
- Instagram: https://www.instagram.com/progressive/
- Facebook: https://www.facebook.com/progressive
- TikTok: https://www.tiktok.com/@progressive

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Profile page: https://yespress.io/progressive-insurance
Published by YesPress — https://yespress.io
Last updated: 2026-08-11