When was Progressive Insurance founded?

Progressive Insurance was founded in 1937 and raised its 1st funding round 72 years after it was founded.

Where is Progressive Insurance located?

Progressive Insurance is headquartered in Mayfield Heights, United States. It is registered at 9 JAGMOHAN MULLICK LANE., KOLKATA, West Bengal, India, 700007.

How many employees does Progressive Insurance have?

As of May 31, 2026, the latest employee count at Progressive Insurance is 37389.

Is Progressive Insurance a funded company?

Progressive Insurance is a funded company, having raised a total of $***** in its 1st and only funding round, a Grant (prize money) round on Jun 15, 2009.

When was the latest funding round of Progressive Insurance?

Progressive Insurance's latest funding was a $***** Grant (prize money) round on Jun 15, 2009, with participation from 1 investor. Its primary sector is Insurance Carriers. In United States, the Insurance Carriers sector has seen $21.2M in funding in 2026 to date.

What is the annual revenue of Progressive Insurance?

Annual revenue of Progressive Insurance is more than $1B as on Dec 31, 2025

Where does Progressive Insurance rank among its competitors?

Progressive Insurance ranks 2nd amongst 112 active competitors, of which 6 are funded. It stands 5th in terms of total funding among its competitors. The most recent competitor to raise funding was Lemonade, which secured $150M in Jul, 2023.

Who are the top competitors of Progressive Insurance?

Progressive Insurance's top competitors include Lemonade, Allstate and AIG. Among them, Lemonade secured the most recent funding round in July, 2023.

Progressive Insurance - 2026 Company Profile, Team, Funding, Competitors & Financials

Progressive Insurance is a public company based in Mayfield Heights (United States), founded in 1937 by Jack Green, Rajiv Garg 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 112 active competitors, including 6 funded and 32 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

Grant (prize money), Jun 15, 2009, $*****

Investors

Venture for America & 2 more

Ranked

2^nd among 112 active competitors

Annual Revenue

$1B+ as on Dec 31, 2025

Employee Count

37,389 as on May 31, 2026

Investment & Acquisitions

RenoFi & 5 more

Similar Companies

Allstate & 327 more

Exit Details

Public

View Progressive Insurance's full profile

Progressive Insurance is associated with 8 legal entities given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
PROGRESSIVE SALES PVT LTD CIN: U63090WB1988PTC045291 , India, Active	Sep 29, 1988	0 - ₹10 Cr (As on Mar 31, 2025)	-
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 SERVICE COMPANY HOLDINGS INC CIN: 832665537 , United States, Active	Dec 31, 1999	-	175 (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)
THE PROGRESSIVE CORPORATION CIN: 340963169 , United States, Active		-	67357 (As on Dec 31, 2024)	-
Progressive Corp/oh/ CIN: 80661 , United States, Active		$1B+ (As on Dec 31, 2025)	-	-
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 Insurance got listed on Jun 01, 1987.

Click here to take a look at Progressive Insurance's IPO in detail

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	5939667	Grant (prize money)	2945410	7985687	2364649	3066953

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View details of Progressive Insurance's funding rounds and investors

The founders of Progressive Insurance are Jack Green, Rajiv Garg 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
Rajiv Garg: Co-founder of Progressive Insurance.
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 37,389 employees as of May 26. Here is Progressive Insurance's employee count trend over the years:

Employee count trend for Progressive Insurance

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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:

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	SoftBank Group, General Catalyst & 52 others	83/100
2nd	Progressive Insurance 1937, Mayfield Heights (United States), Public	Internet first provider of life, health, auto, home, and business insurance services	-	Venture for America, Vulcan Capital & 1 others	74/100
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	-	Orbis Investment Management, Interpublic & 2 others	68/100
5th	The Standard 1906, Portland (United States), Unfunded	Internet first provider of life, disability, dental & vision insurance services	-	-	63/100
6th	Aflac 1955, Columbus (United States), Public	Internet first provider of life, vision & dental insurance services	-	OnRamp Insurance Conference, East Peak Capital	62/100
7th	Amica 1907, Lincoln (United States), Early Stage	Internet first provider of life, health, home, auto, marine & business insurance services	$2M	Hummingbird Ventures, Bedrock & 1 others	60/100
8th	Max Life Insurance 2000, Gurugram (India), Series B	Provider of life insurance policies and long term investment products	$29.9M	Axis Bank, New York Life Insurance & 10 others	55/100
9th	Coverwallet 2015, New York City (United States), Acquired	Online insurance platform for businesses	$28.3M	Foundation Capital, Founder Collective & 29 others	55/100
10th	Integrated Specialty Coverages 2016, Harrison (United States), Acquired	Insurance brokerage firm	-	Two Sigma Investments, Sightway Capital	53/100

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Progressive Insurance has made 4 investments in companies including RenoFi and Tomo. Progressive Insurance has also acquired 2 companies including Midland Financial and Salem Insurance Agency.

Here is the list of investments & acquisitions:

Filter this list

Date of Investment/Acquisition	Type	Company Name	Founded Year	Location
-	Acquisition	Salem Insurance Agency	1918	Goshen (United States)
Mar 03, 2026	Investments	RenoFi	2018	Philadelphia (United States)
Jan 24, 2025	Investments	Tomo	2020	Seattle (United States)

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Here is the latest report on Progressive Insurance's geography:

Free

US Fintech Quarter Funding Report

Edition: Quarter 1, 2026 (41 Pages)

View all reports related to Progressive Insurance

Media has covered Progressive Insurance for a total of 173 events in the last 1 year, 128 of them have been about company updates and 3 about partnerships.