Main industry revenues:

• Motor vehicle insurance: approx. 80%
• Property and casualty insurance: approx. 15%
• Other insurance products: approx. 5%

TOP 3 markets:

1. USA: approx. 90%
2. Canada: approx. 5%
3. Puerto Rico: approx. 3%

The Progressive Corporation generates the majority of its revenues from motor vehicle insurance, which accounts for about 80% of the total revenue. This is typical for the company as it has established itself as one of the leading providers in this sector.

The main market for Progressive is the USA, where approximately 90% of the revenues are generated. Canada and Puerto Rico follow as other important markets, but contribute significantly less to the total revenue. This concentration on the US market reflects Progressive's strong market presence and competitive advantage in this area.

Production sites: Headquarters in Mayfield Village, Ohio, USA

The Progressive Corporation is an insurance company and does not produce physical products. Instead, it offers insurance services, mainly in the areas of auto, home, and other property insurances. The company's headquarters is located in Mayfield Village, Ohio, from where it coordinates and manages its services.

Revenue growth: 7.8% (2024) Profit growth: 9.1% (2024)

The Progressive Corporation is pursuing a multi-pronged growth strategy to further strengthen its market position. A central element of this strategy is the increased use of technology and data analysis to optimize risk assessment and pricing. This enables the company to offer competitive premiums while increasing profitability.

Furthermore, Progressive is investing in expanding its product range, especially in the area of cyber insurance and other specialized insurance solutions, to meet the changing needs of customers. Another focus is on geographical expansion, particularly in underserved markets, to tap into new customer segments.

In addition, the company is leveraging strategic partnerships and acquisitions to expand its market presence and capitalize on synergies. These measures are intended to sustainably secure growth and enhance competitiveness.

Main imported materials: Vehicle parts, glass, electronic components

Countries of origin: China, Mexico, Germany

The Progressive Corporation is a leading insurance company that mainly offers car insurance. Although they do not import raw materials in the traditional sense, they are heavily dependent on the availability of vehicle parts and repair materials for claims processing.

China and Mexico are significant suppliers of vehicle parts and electronic components needed for vehicle repairs. Germany supplies specialized car parts and technologies highly valued in the industry.

These imports are crucial for the quick and efficient processing of insurance claims as they reduce repair times and increase customer satisfaction.

Market share in motor vehicle insurance: 13.8% (2024, estimated)
Combined Ratio: 92.5% (2024, estimated)
Net profit margin: 8.2% (2024, estimated)

The Progressive Corporation has a significant competitive advantage in the field of motor vehicle insurance, reflected in its high market share of approximately 13.8%. This positions the company as one of the leading providers in the USA.

Another indicator of the competitive advantage is the Combined Ratio of 92.5%, which is below 100% and thus indicates profitable underwriting. A lower Combined Ratio compared to competitors shows that Progressive operates more efficiently and has lower costs per earned premium dollar.

The net profit margin of 8.2% is also a sign of the company's ability to generate profits from its premium income. These metrics, combined with strong brand awareness and innovative products such as Usage-Based Insurance, further strengthen Progressive's competitive advantage.

Institutional investor share: approx. 82% (2025, estimated)

Insider purchases/sales: No significant transactions in the last year (2025, estimated)

The institutional investor share in The Progressive Corporation is around 82%, indicating a high level of trust from institutional investors in the company's stability and growth potential. These investors include large investment funds, pension funds, and other institutional players who prefer long-term investments.

In 2025, there were no significant insider purchases or sales, suggesting that the management and other insiders do not currently expect significant changes in the stock's value. This can be seen as a sign of stable corporate governance and a positive outlook on future business development.

Market share of The Progressive Corporation: 13.2% (2025, estimated)

Main competitors and their market shares:

1. State Farm: 16.5%
2. GEICO: 13.8%
3. The Progressive Corporation: 13.2%
4. Allstate: 10.1%
5. USAA: 6.5%
6. Liberty Mutual: 5.9%
7. Farmers Insurance: 4.8%
8. Nationwide: 3.9%
9. American Family Insurance: 3.1%
10. Travelers: 2.7%

Moat of The Progressive Corporation:

The Progressive Corporation has a significant moat, primarily based on their innovative use of technology and data analysis. They are pioneers in the field of telematics insurance, allowing them to offer personalized insurance premiums. This gives them an advantage over many traditional insurers that have not invested to the same extent in these technologies.

Compared to competitors, State Farm has the advantage of a strong brand image and a broad customer base, while GEICO scores with aggressive pricing strategies and extensive advertising campaigns. Allstate and USAA also offer strong brands and customer loyalty, albeit with different focuses.

Overall, Progressive has a solid moat, especially through technological innovations and efficient cost structures. However, competition remains intense, and the advantages could shift if other companies invest in similar technologies or develop new market strategies.

Revenue growth: 9.8% (2024) Profit growth: 8.5% (2024) Combined Ratio: 92.5% (2024) Market share in motor insurance: 13.3% (2024)

The Progressive Corporation achieved solid revenue growth of 9.8% in 2024, driven by strong demand in its core business, especially in the motor insurance sector. The profit growth of 8.5% also shows a positive development, supported by efficient cost control and an improved loss ratio (Combined Ratio) of 92.5%. A Combined Ratio below 100% indicates that the company is operating profitably.

Progressive has expanded its market share in motor insurance to 13.3%, highlighting the competitiveness and the company's ability to gain market share. This market position could be further strengthened through innovative insurance solutions and strong customer retention.

Overall, Progressive Corporation demonstrates robust financial performance and a strong market position, making it a potentially attractive investment. However, investors should also consider general market conditions and specific risks in the insurance sector before making an investment decision.

Dividend yield: 1.5% (estimated for 2025)

Dividend history: Progressive Corporation has regularly paid dividends in recent years.

Progressive Corporation is known for its stable dividend policy. The company has consistently paid dividends in recent years, indicating a reliable payout. The dividend yield of around 1.5% is moderate compared to other companies in the insurance industry, indicating a conservative payout policy.

The reliability of the dividend is supported by the company's strong financial position and steady earnings. Progressive has a solid balance sheet and demonstrates a good ability to generate profits, making dividend payments likely to continue in the future.