The Progressive Corporation Overview
Pro stress-test →Progressive is the second largest personal auto insurer in the United States and a leading seller of commercial auto, motorcycle, and boat insurance. In 2025, the company achieved $87.64 billion in revenue with $11.31 billion in earnings, representing 16.32% and 33.62% growth respectively. The company operates across personal auto, commercial lines, and residential property insurance segments with strong profitability metrics.
Strategic Profile
Pro stress-test →Progressive's superior pricing, rapid rate adjustments, and technology adoption drive lasting revenue growth and margin expansion, while early telematics investments and strong cross-selling enable it to capture increased demand for digital insurance. The company sells through independent insurance agencies, online, and over the phone.
Competitive Landscape
Pro stress-test →Progressive is positioned as the second largest personal auto insurer, competing with State Farm, Allstate, and Geico in the highly competitive U.S. property-casualty insurance market. The company differentiates through technology adoption and digital-first distribution while competing on price and customer service.
Industry Context
The Progressive Corporation operates in Property and Casualty Insurance.
Key facts
Founded: 1937 · Headquarters: Mayfield Village, Ohio · Revenue: $87.64B