The Progressive Corporation (NYSE: PGR) and Protective Insurance Corporation (NASDAQ: PTVCA and PTVCB) announced that they have entered into an agreement for Progressive to acquire all of the outstanding Class A and Class B common shares of Protective for $23.30 per share in cash, for a total transaction value of approximately $338 million. The acquisition […]
Progressive’s Eighth Annual Keys to Progress Giveaway Marks 750 Vehicles Donated to Military Families
For the eighth consecutive year, Progressive Insurance will continue its annual Keys to Progress vehicle donation on November 5. In advance of Veterans Day, 45 veterans in need across the country and their families will receive the keys to vehicles that will provide reliable transportation, helping them get back on the road and move forward […]
Progressive Reports Personal Auto Policies in Force Up 11% in May Compared to 2019
Net income up 95% for the month compared to last year for the second month in a row. The Progressive Corporation (NYSE:PGR) reported that its total personal auto policies in force in May were 15,771,100, up 11 percent from 14,199,900 in May 2019. Agency channel auto policies in force totaled 7,336,700, up 9 percent from […]
Progressive Reports Personal Auto Policies in Force Up 10% in April Compared to 2019
Net income up 95% for the month compared to last year. The Progressive Corporation (NYSE:PGR) reported yesterday that its total personal auto policies in force in April were 15,506,300, up 10 percent from 14,115,000 in April 2019. Agency channel auto policies in force totaled 7,237,100, up 8 percent from 6,687,200 last year. Direct channel personal […]
Progressive Insurance to Provide Collision Repair Network Shops Over $2 Million in Relief Funding
Given coronavirus slowdown, insurer will provide funds to its repair network shops to use as they see fit. Progressive Insurance announced today that given the hardships and uncertainty the country has faced due to COVID-19, it will be providing more than $2 million to over 2000 collision repair network shops. According to a statement provided […]
Progressive Plans to Hire 8,000 New Employees in 2020
Progressive intends to hire up to 8,000 new employees in 2020, marking another year of stability and growth for the insurance company. With an increase in customers and total revenues topping $39 billion, the company needs more employees to support continued growth in auto, property, commercial lines and recreational products insurance at more than 250 […]
Progressive’s Keys to Progress Event Provides Vehicles to More than 100 Military Families
Partnership with National Auto Body Council’s member collision repair shops and Recycled Rides program to honor veterans at more than 60 events across the U.S. on November 7 Just before Veterans Day, more than 100 veterans and their families will get keys to newly refurbished vehicles as part of Progressive’s seventh annual Keys to Progress […]
Progressive Insurance Vehicle Donations Benefit More than 100 Military Families
Working with National Auto Body Council collision repair centers, veterans will be honored at 65 events throughout the country on November 8. This month, more than 100 veterans and their families will be getting keys to newly-refurbished vehicles as part of Progressive’s sixth annual Keys to Progress initiative in conjunction with the National Auto Body […]
Progressive Appoints First Female Board Chair, Announces Gender and Race Pay Equity Report
The Progressive Corporation (NYSE: PGR) today reported that the company’s Board of Directors elected Lawton W. Fitt as Chairperson. She joined Progressive’s Board in 2009, and has served as Lead Independent Director for the past two years. Fitt is a Retired Partner and Managing Director with Goldman Sachs. As previously announced, Progressive Chairman Glenn Renwick has […]
Progressive Service Centers Will No Longer Serve as Customer Drop Off Points
Progressive announced that in the coming months, it will change the way it uses its Service Center facilities to service the collision repair needs of its customers. The company’s 68 Service Centers will stop being a drop-off/pick-up point for customer vehicles. All Service Center employees will be offered claims jobs, and most Service Centers will […]