Progress Corp Oh Stock Price, News & Analysis

Progressive Insurance has launched its 2025 Driving Small Business Forward grant program, committing $1 million in grants to support small businesses across the United States. The program will award $50,000 each to 20 recipients for commercial vehicle purchases and related expenses. In partnership with Hello Alice, Progressive has already distributed $1.5 million to 40 recipients since the program's inception.

Grant recipients will also gain access to the Boost Camp, a 12-week business coaching program. Eligible businesses must have 10 or fewer employees, less than $5M in annual gross revenue, and demonstrate need for a commercial vehicle. Applications are open until June 20, 2025, with winners to be announced in August.

Progressive (NYSE: PGR) has announced an upcoming Investor Relations conference call scheduled for May 6, 2025, at 9:30 a.m. eastern time. The 60-minute call will feature CEO Tricia Griffith and CFO John Sauerland in a question-and-answer format.

The company plans to release its Quarterly Report on Form 10-Q and Shareholders' Report, including the CEO's Letter to Shareholders, on May 5, 2025. While phone participants can ask questions directly, webcast viewers will not have this option.

Progressive Insurance, founded in 1937, stands as the second largest personal auto insurer in the U.S. The company offers comprehensive insurance solutions including personal and commercial auto, motorcycle, boat, and homeowners coverage. Notable shopping tools include Name Your Price®, Snapshot®, and HomeQuote Explorer®.

Progressive Insurance has announced plans to hire over 12,000 people in 2025 to support its continued growth. The company, currently the No. 2 auto insurer in the U.S., reported significant growth metrics in 2024, including:

• Addition of over 5 million policies in force
• 21% growth in net premiums written to $74.4 billion
• 1.3 million new policies added in Q1 2025

The company is offering remote, in-office, and hybrid positions across various departments including claims, customer care, IT, legal, and corporate functions. Progressive currently employs over 66,000 people and ranked #16 on the FORTUNE 100 Best Companies to Work For® list in 2025. The company scored in the 98th percentile in a recent Gallup Engagement and Culture survey among U.S. companies.

Progressive Insurance has launched Cargo Plus, a new endorsement expanding Motor Truck Cargo coverage for for-hire truckers. The enhancement provides broader protection against wetness, rust, corrosion, driver error, and temperature changes for refrigerated loads.

The endorsement is automatically included in new policies with Motor Truck Cargo coverage and immediately available to existing customers. Currently available in 42 states, Progressive plans to expand to 49 states by May 21, 2025, and nationwide by year-end. Refrigeration Breakdown coverage remains unavailable in CA and FL.

As America's #1 truck insurer according to S&P Global Market Intelligence 2023 data, Progressive aims to strengthen its position in the trucking insurance market through enhanced coverage options for cargo protection, particularly beneficial for securing loads with brokers and shippers.

Progressive (NYSE:PGR) has released its financial results for March 2025, showing mixed performance. Net premiums written increased by 17% to $9,041 million in March 2025, while net premiums earned grew 20% to $6,787 million. However, net income declined 42% to $522 million compared to March 2024.

The company's combined ratio deteriorated to 90.9 from 84.3 year-over-year. Total policies in force grew 18% companywide to 36,292 thousand, with notable growth in Direct auto (25%) and Agency auto (18%) segments. The company experienced pretax net realized losses on securities of $211 million, compared to gains of $59 million in the previous year.

Progressive (NYSE:PGR) has released its financial results for February 2025. The company, positioned as the second largest personal auto insurer in the United States, maintains its strong market presence across multiple insurance segments including personal and commercial vehicles, motorcycles, boats, recreational vehicles, and homes.

Progressive stands among the top 15 homeowners insurance carriers and continues to leverage its digital tools and services like Name Your Price®, Snapshot®, and HomeQuote Explorer® to enhance customer experience. The company offers multiple access points for customers including online services through progressive.com, phone support, mobile app, and in-person assistance through local agents.

Progressive (NYSE:PGR) has announced its quarterly dividend payment. The Board of Directors declared a dividend of $0.10 per common share on March 7, 2025, which will be payable on April 11, 2025. Shareholders must be on record by the close of business on April 3, 2025, to receive this dividend.

Progressive Insurance, founded in 1937, currently stands as the second largest personal auto insurer in the country. The company is also a leading provider of commercial auto, motorcycle, and boat insurance, and ranks among the top 15 homeowners insurance carriers. Progressive offers various insurance products including personal and commercial vehicles, motorcycles, boats, recreational vehicles, and homes, with multiple convenient access points for customers including online, phone, mobile app, and local agents.

Progressive (NYSE: PGR) has announced an upcoming Investor Relations event scheduled for March 4, 2025, at 9:30 a.m. eastern time. The 90-minute event will feature a 45-minute presentation focusing on claims process and technology, followed by a Q&A session with CEO Tricia Griffith and CFO John Sauerland.

The company plans to file its Annual Report on Form 10-K and post its Shareholders' Report, including the CEO's Letter to Shareholders, on March 3, 2025. While call-in participants can ask questions via phone, webcast participants won't have this option. The webcast replay will be available approximately two hours after the event and accessible until March 5, 2026.

Progressive (NYSE:PGR) has released its financial results for January 2025. The company, which is the second largest personal auto insurer in the United States, provides insurance services across multiple segments including personal and commercial vehicles, motorcycles, boats, recreational vehicles, and homes.

Progressive offers various customer-centric tools and services such as Name Your Price®, Snapshot®, and HomeQuote Explorer®, allowing customers to access their services through multiple channels including online, phone, mobile app, or in-person through local agents.