Renters insurance covering personal property, liability, and additional living expenses for apartment and home renters.
Competes with
Progressive
Progressive: Leading US insurer for auto & specialty property-casualty coverage.
- 880
- Company
- Mayfield Village, OH, USUnited States
Progressive Insurance focuses on providing auto and specialty property-casualty insurance coverage across the United States. As one of the largest commercial auto insurance providers in the country, Progressive offers tailored solutions for businesses of various sizes. Their investment strategy appears to target fintech and insurtech companies that complement their core insurance offerings.
Notable portfolio companies include Upstart, an AI lending platform, and Octane, a technology company for powersports vehicle purchases. Progressive's investments demonstrate an interest in innovative financial services and technology-driven solutions that can enhance their insurance products or expand their market reach. The company leverages its position as a Fortune 200 firm to provide financial stability and industry expertise to its portfolio companies.
Products & Services
Quick Facts
Who are Progressive's competitors?
Companies similar to Progressive include Allstate, Liberty Mutual Insurance, State Farm and Chubb.
When was Progressive founded?
Progressive was founded in 1937.
Where is Progressive's headquarters located?
Progressive's headquarters is located in Mayfield Village, OH, US.
When was Progressive's last funding round?
Progressive's most recent funding round was for $500M (USD) in May 2023.
How much disclosed funding has Progressive raised?
As of May 22, 2023, Progressive has disclosed funding of $500M (USD). Undisclosed round amounts are excluded.
How many employees does Progressive have?
Progressive has 880 employees as of Feb 6, 2024.
Classification
- Also Known As
- The Progressive Corporation
- Headquarters
- 300 North Commons Blvd.
- Mayfield Village, OH, 44143
- US
- Ticker
- PGR
- SEC CIK
- 0000080661
- EIN
- 34-0963169
- NAICS
- 524000Insurance Carriers and Related Activities
- 524100Insurance Carriers
- 520000Finance and Insurance
- SIC
- 6300Insurance Carriers
- 6330Fire, Marine, And Casualty Insurance
- 6331Fire, Marine, And Casualty Insurance
- ISIC
- 6430Trusts, funds and similar financial entities
- 6512Non-life insurance
- 6520Reinsurance
- Industry
- —Financial Services Companies
- —Insurance Companies
- —Life Insurance Companies
- —Property insurance Companies
Show 12 more industry codes
- NAICS
- 524110Direct Life, Health, and Medical Insurance Carriers
- 524113Direct Life Insurance Carriers
- 524120Direct Insurance (except Life, Health, and Medical) Carriers
- 524126Direct Property and Casualty Insurance Carriers
- 524128Other Direct Insurance (except Life, Health, and Medical) Carriers
- 524130Reinsurance Carriers
- 525100Insurance and Employee Benefit Funds
- 525190Other Insurance Funds
- 525000Funds, Trusts, and Other Financial Vehicles
- SIC
- 6310Life Insurance
- 6390Insurance Carriers, Not Elsewhere Classified
- 6000Depository Institutions