Progressive Insurance - About the company
Progressive Insurance is a public company based in Mayfield Heights (United States), founded in 1937 by Jack Green and Joseph Lewis. It operates as an Internet first provider of life, health, auto, home, and business insurance services. Progressive Insurance has raised an undisclosed amount in funding. The company has 114 active competitors, including 6 funded and 33 that have exited. Its top competitors include companies like Lemonade, Allstate and AIG.
Company Details
In 2022, the company recorded annual revenues of $52.05B and a net profit of $0.86B.
- Website
- www.progressive.com/
- Social
- Email ID
- *****@email.progressive.com
- Phone Number
- +1 **********
- Registered Address
- 9 JAGMOHAN MULLICK LANE., KOLKATA, West Bengal, India, 700007
Key Metrics
Founded Year
1937
Location
Mayfield Heights, United States
Stage
Public
Latest Funding Round
Investors
Ranked
2nd among 114 active competitors
Annual Revenue
$1B+ as on Dec 31, 2025
Employee Count
37,879 as on Sep 30, 2026
Exit Details
Public
Legal entities associated with Progressive Insurance
Progressive Insurance is associated with 8 legal entities given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Documents |
|---|---|---|---|---|
Progressive Corp/oh/ CIN: 80661 , United States, Active | $1B+ (As on Dec 31, 2025) | - | - | |
THE PROGRESSIVE CORPORATION CIN: 340963169 , United States, Active | - | 67357 (As on Dec 31, 2024) | - | |
PROGRESSIVE SAFETY (SUFFOLK) LIMITED CIN: 13760451 , United Kingdom, Active | Nov 22, 2021 | £0 - £1M (As on Nov 30, 2025) | 2 (As on Nov 30, 2024) | |
PROGRESSIVE GROUP HOLDINGS LIMITED CIN: 10735837 , United Kingdom, Active | Apr 23, 2017 | £0 - £1M (As on Apr 30, 2024) | 1 (As on Apr 30, 2024) | |
PROGRESSIVE COMMUNICATIONS SER CIN: 621807604 , United States, Active | Dec 31, 1999 | - | 131 (As on Dec 31, 2014) | - |
PROGRESSIVE MOTORS PRIVATE LIMITED CIN: U35914GJ1999PTC036405 , India, Active | Aug 10, 1999 | ₹10 - ₹50 Cr (As on Mar 31, 2025) | 3 (As on Mar 31, 2024) | |
PROGRESSIVE SALES PVT LTD CIN: U63090WB1988PTC045291 , India, Active | Sep 29, 1988 | 0 - ₹10 Cr (As on Mar 31, 2025) | - | |
PROGRESSIVE SERVICE COMPANY HOLDINGS INC CIN: 832665537 , United States, Active | Dec 31, 1999 | - | 175 (As on Dec 31, 2024) | - |
Progressive Insurance's IPO details
Progressive Insurance got listed on Jun 01, 1987.
Click here to take a look at Progressive Insurance's IPO in detail
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Progressive Insurance's funding and investors
Progressive Insurance has raised funding over 1 round. Its latest funding round was a Grant (prize money) round on Jun 15, 2009 for $*****. 1 investor participated in its latest round. Progressive Insurance has 3 institutional investors.
Here is the list of recent funding rounds of Progressive Insurance:
Date of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Jun 15, 2009 | 5817378 | Grant (prize money) | 8200603 | 1712604 | 3576210 | 8607668 |
Access funding benchmarks and valuations. Sign up today!View details of Progressive Insurance's funding rounds and investors
Progressive Insurance's founders and board of directors
Founder? Claim ProfileThe founders of Progressive Insurance are Jack Green and Joseph Lewis.
Here are the details of Progressive Insurance's key team members:
- Jack Green: Co-Founder of Progressive Insurance. Contact Info: 1 email address
- Joseph Lewis: Co-Founder of Progressive Insurance. Contact Info: 1 email address
View details of Progressive Insurance's Founder profiles and Board Members
Progressive Insurance's employee count trend
Progressive Insurance has 37,879 employees as of Sep 26. Here is Progressive Insurance's employee count trend over the years:
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Progressive Insurance's Competitors and alternates
Top competitors of Progressive Insurance include Lemonade, Allstate and AIG. Here is the list of Top 10 competitors of Progressive Insurance, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st | Lemonade 2015, New York City (United States), Public | Provider of various insurance policies including car, pet, home, and life | $644M | 83/100 | |
2nd | Progressive Insurance 1937, Mayfield Heights (United States), Public | Internet first provider of life, health, auto, home, and business insurance services | - | 71/100 | |
3rd |  Allstate 1931, Chicago (United States), Public | Internet first provider of life, property, auto, and business insurance services | - | - | 70/100 |
4th | AIG 1919, New York City (United States), Public | Internet first provider of life, health, accident & travel insurance services | - | 65/100 | |
5th | Aflac 1955, Columbus (United States), Public | Internet first provider of life, vision & dental insurance services | - | 62/100 | |
6th | Amica 1907, Lincoln (United States), Early Stage | Internet first provider of life, health, home, auto, marine & business insurance services | $2M | 60/100 | |
7th | The Standard 1906, Portland (United States), Unfunded | Internet first provider of life, disability, dental & vision insurance services | - | - | 59/100 |
8th | Coverwallet 2015, New York City (United States), Acquired | Online insurance platform for businesses | $28.3M | 55/100 | |
9th | _1578559836273.png?devicePixelRatio=2&height=30&width=30){kind=logo} Integrated Specialty Coverages 2016, Harrison (United States), Acquired | Insurance brokerage firm | - | 53/100 | |
10th |  Great American Insurance Group 1872, Cincinnati (United States), Acquired | Internet first provider of diversified insurance services | - | - | 50/100 |
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Progressive Insurance's Investments and acquisitions
Progressive Insurance has made 4 investments in companies including RenoFi and Tomo. Progressive Insurance has also acquired 3 companies including Protective Insurance Company and Midland Financial.Here is the list of investments & acquisitions:
Filter this list
Filter this listDate of Investment/Acquisition | Type | Company Name | Founded Year | Location |
|---|---|---|---|---|
- | Acquisition | 1918 | Goshen (United States) | |
Mar 03, 2026 | Investments | 2018 | Philadelphia (United States) | |
Jan 24, 2025 | Investments | 2020 | Seattle (United States) |
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Reports related to Progressive Insurance
Here is the latest report on Progressive Insurance's sector:
News related to Progressive Insurance
Filter this listMedia has covered Progressive Insurance for a total of 117 events in the last 1 year, 78 of them have been about company updates and 4 about partnerships.
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Progressive Posts 12% Decline in Net IncomeInsurance Business America•Aug 20, 2026•Progressive Insurance
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Progressive posts 5% premium growth in July, but earnings take a hitSeeking Alpha•Aug 19, 2026•Progressive Insurance
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Progressive (NYSE: PGR) earns $6,129M H1 2026 and sustains strong marginsStocktitan•Aug 03, 2026•Progressive Insurance
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Winnebago and Progressive Insurance Announce Collaboration to Enhance RV Ownership ExperienceGlobeNewswire•Jul 22, 2026•Winnebago, Progressive Insurance
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Progressive Ends Motive Partnership, Pauses New Dashcam Program EnrollmentsFreightWaves•Jul 09, 2026•Progressive Insurance
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Progressive Corporation Announces Management ChangesGlobeNewswire•Jun 17, 2026•Progressive Insurance
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