Progressive Corp.

Industry: Property Casualty Insurance

Fortune Rank: 161

For the nine months ended 30 September 2005, The Progressive Corp.'s revenues increased 5% to $10.56B. Net income decreased 10% to $1.11B. Revenues reflect higher premiums earned. Net income was offset by lower operating margins. The Progressive Corp. is an insurance holding company for 73 subsidiaries that provide personal auto insurance and specialty property-casualty insurance. PGR also has one mutual insurance company affiliate.

The Progressive Corporation is an insurance holding company with 70 subsidiaries and one mutual insurance company affiliate. The Progressive Corporation's insurance subsidiaries and affiliate provide personal automobile insurance and other specialty property-casualty insurance and related services throughout the United States. The Company's property-casualty insurance products protect its customers against 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 generally support the Company's insurance and investment operations. The Company conducts business in 48 states and the District of Columbia.

Progressive Corp.

Progressive Corp. is a Fortune 500 company. In 2010 Progressive Corp. was ranked number 161 on the Fortune 500 list, making it the 161st largest company in the United States when judged by revenue.

Progressive Corp. achieved revenue of $14,563.60 million in 2010 and earned a profit of $1,057.50 million.

Progressive Corp.' rank improves

The company ranking improved in 2010, moving up the Fortune 500 list to 161st compared to 209th in 2009. This was based on its 2009 revenue of $12,840 million (a change of 2 million compared to 2010) and profits of $-70 million (a change of $71 million compared to 2009).

Another point of view

To many investors, profits are more important than the revenue a company earns. If the Fortune 500 was ranked by profits instead of revenue then Progressive Corp. would be ranked 125th rather than 161st due to its profits of $1,058 in 2010.

Progressive Corp. Revenue* Profit* Fortune Ranking

* US$ Million

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