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Last €25.57 EUR
Change Today -0.035 / -0.14%
Volume 0.0
PGV On Other Exchanges
Symbol
Exchange
New York
As of 2:16 AM 07/3/15 All times are local (Market data is delayed by at least 15 minutes).
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Company Description

Contact Info

6300 Wilson Mills Road

Mayfield Village, OH 44143

United States

Phone: 440-461-5000

Fax:

The Progressive Corporation, an insurance holding company, provides personal and commercial property-casualty insurance, and other specialty property-casualty insurance and related services primarily in the United States. The company’s insurance subsidiaries and mutual insurance company affiliate provide personal auto insurance, commercial auto and truck insurance principally for small businesses, and other specialty property-casualty insurance and related services. Its property-casualty insurance products protect customers against losses due to collision and physical damage to their motor vehicles, uninsured and underinsured bodily injury, and liability to others for personal injury or property damage arising out of the use of those vehicles. The company’s non-insurance subsidiaries and limited partnership investment affiliate support insurance and investment operations. It operates businesses throughout the United States and sells personal auto physical damage and property damage liability insurance on an Internet-only basis in Australia. Businesses Personal Lines The Personal Lines segment writes insurance for personal autos and recreational and other vehicles. This business generally offers approximately one program in a single state, with each program targeted to a specific distribution channel, market, or customer group. The Personal Lines segment consists of the company’s personal auto insurance products, as well as its special lines products. Personal Auto Insurance: This business includes Snapshot, the company’s usage-based insurance program, which is available to consumers through both the agency and direct channels in 45 states and the District of Columbia. Special Lines Products: This business includes insurance for motorcycles, ATVs, RVs, mobile homes, watercraft, snowmobiles, and similar items. Due to the nature of these products, the company typically experiences higher losses during the warmer weather months. As of December 31, 2014, the company offered a personal umbrella insurance product in 37 states and the District of Columbia through certain independent agents and to Direct customers via telephone. It also offered a renters insurance product in three states through certain independent agents, as of December 31, 2014. The Personal Lines products are sold through both the Agency and Direct channels. The Agency business includes business written by a network of approximately 35,000 independent insurance agencies located throughout the United States, including brokerages in New York and California. The Agency business also writes insurance through strategic alliance business relationships with other insurance companies, financial institutions, and national agencies. The Direct business includes business written directly by the company on the Internet, through mobile devices, and over the phone. In Personal Lines segment, the company is also continuing with its activities to further penetrate customer households through cross-selling auto policies with special lines products and vice versa, as well as through Progressive Home Advantage (PHA). As of December 31, 2014, PHA was available to Direct customers in 49 states, Agency customers in 26 states, and to both Direct and Agency customers in the District of Columbia. Commercial Lines The Commercial Lines business writes primary liability, physical damage, and other auto-related insurance for automobiles and trucks owned and/or operated predominately by small businesses as a part of the commercial auto market. The Commercial Lines customers on average insure approximately two vehicles. The Commercial Lines business operates in the following business market targets: Business auto – autos, vans, and pick-up trucks used by small businesses, such as retailing, farming, services, and private trucking; For-hire transportation – tractors, trailers, and straight trucks primarily used by regional general freight and expeditor-type businesses and non-fleet long-haul operators; Contractor – vans, pick-up trucks, and dump trucks used by small businesses, such as artisans, heavy construction, and landscapers/snowplowers;

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Price/Book 2.3x
Price/Cash Flow 13.2x
TEV/Sales 0.6x
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