PGR - Progressive Corp/oh/

The Progressive Corporation is an insurance holding company operating predominantly in the United States, offering a variety of insurance products and services through its subsidiaries, focusing on personal and commercial auto insurance, residential property insurance, and workers' compensation insurance. The company serves various customer segments including individual consumers, agents, and small businesses, showcasing a broad distribution strategy via both direct and agency channels. Progressive's overarching goal is to become the primary choice for insurance and financial solutions among consumers and businesses alike, driven by competitive pricing and solid brand recognition.

Within its insurance business, Progressive maintains two primary segments: Personal Lines and Commercial Lines. The Personal Lines segment primarily comprises personal auto and recreational vehicle insurance, which accounted for a significant majority of premiums written in 2023. On the other hand, the Commercial Lines segment provides insurance for small businesses, liability, and workers' compensation, establishing a diverse range of products aimed at supporting various sectors, particularly in transportation and logistics. The company actively uses technology and data analytics to optimize pricing and enhance customer interactions, positioning itself for continued growth in a competitive industry.