Insurance holding company providing personal and commercial auto insurance, residential property insurance, and other specialty property-casualty insurance and related services.
The Progressive Corporation, an insurance holding company based in Mayfield, Ohio, is a prominent provider of personal and commercial property-casualty insurance products across the United States. Operating through three distinct segments Personal Lines, Commercial Lines, and Property the company offers a comprehensive range of insurance solutions tailored to meet diverse customer needs. The Personal Lines segment focuses on personal auto insurance and includes coverage for recreational vehicles (RVs), motorcycles, ATVs, watercrafts, and snowmobiles. This segment also provides specialized insurance products for various personal vehicles.
The Commercial Lines segment caters primarily to small businesses, offering auto-related primary liability and physical damage insurance. It covers a wide spectrum of vehicles including vans, trucks, trailers, and specialty vehicles used in different industries such as freight transport, towing services, and taxi operations. Additionally, this segment provides business-related general liability and property insurance tailored to meet the unique needs of commercial clients.
The Property segment specializes in residential property insurance, serving homeowners, property owners, and renters. It also offers personal umbrella insurance and flood insurance solutions. Beyond insurance coverage, Progressive Corporation facilitates policy issuance, claims adjustment services, and acts as an agent for various additional insurance products including homeowner general liability and workers' compensation. The company distributes its products through independent insurance agencies, online platforms accessible via mobile devices, and over-the-phone sales, ensuring widespread accessibility and convenience for its customers. Founded in 1937, Progressive Corporation continues to innovate and expand its offerings to maintain its position as a leader in the insurance industry.