The Progressive Corporation
Explore The Progressive
Core profile pages, annual revenue records, and related research hubs for this company.
The Progressive Corporation
Explore The Progressive
Core profile pages, annual revenue records, and related research hubs for this company.
Company History
Founded 1937 in Mayfield Village, Ohio, United States
Progressive began in 1937 when Joseph Lewis and Jack Green started Progressive Mutual Insurance Company in Ohio to serve an underserved auto-insurance market.
Joseph Lewis co-founded Progressive with Jack Green, building an insurer willing to serve auto customers that many traditional carriers overlooked.
Jack Green helped found Progressive around affordable auto coverage and a willingness to approach insurance differently.
Progressive began in 1937 when Joseph Lewis and Jack Green started Progressive Mutual Insurance Company in Ohio to serve an underserved auto-insurance market.
Joseph Lewis and Jack Green found Progressive Mutual Insurance Company in Mayfield Village, Ohio, targeting non-standard, high-risk auto insurance customers ignored by mainstream insurers.
Peter Lewis, son of co-founder Joseph Lewis, becomes CEO and begins transforming Progressive into a technology and data-driven auto insurer, a strategy he pursues for four decades.
Progressive introduces its Immediate Response claims service, deploying adjusters to accident scenes within hours, fundamentally changing customer expectations for claims handling in auto insurance.
Progressive becomes the first auto insurer to offer comparative rate quotes online, allowing consumers to compare Progressive's rates with competitors, a radically transparent move.
Progressive completes its initial public offering on the New York Stock Exchange under the ticker PGR, raising capital to fund national expansion.
Progressive pilots TripSense, the precursor to its Snapshot program, offering usage-based insurance discounts for low-mileage, safe drivers — the first large-scale UBI program in the U.S.
Progressive's spokeswoman Flo, played by Stephanie Courtney, becomes one of the most recognized advertising characters in the U.S., driving massive brand awareness among younger car buyers.
Expanded homeowners and property insurance capability for bundling.
Strengthened Progressive's commercial auto and transportation insurance capabilities.
Progressive is a public property and casualty insurer best known for auto insurance, Snapshot telematics, direct sales, independent-agent distribution, and the Flo brand. FY2025 revenue was $87.671 billion.
Progressive reported $87.671 billion of revenue for FY2025. This figure is the headline source-backed value used for the financials page, revenue table, and quick company snapshot in this profile.
Progressive's founding story traces to Joseph Lewis and Jack Green.
The 1965 leadership transition to Peter B. Lewis and the later push into transparent pricing, immediate claims response, and telematics turned Progressive into a data-driven national insurer.