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Progressive Corp

$ 131.18 +0.7 (+0.54%) 04:00 PM EST
On watch
P/E:
93.04
P/B:
5.37
Market Cap:
$ 76.74B
Enterprise V:
$ 82.86B
Volume:
1.24M
Avg Vol (2M):
2.53M
Also Trade In:
Volume:
1.24M
Market Cap $:
76.74B
PE Ratio:
93.04
Avg Vol (2-Month):
2.53M
Enterprise Value $:
82.86B
PB Ratio:
5.37

Business Description

Description
Progressive underwrites private and commercial auto insurance and specialty lines; it has over 20 million personal auto policies in force and is the fourth-largest auto insurer in the United States. Progressive markets its policies through independent insurance agencies in the U.S. and Canada and directly via the internet and telephone. Its premiums are split roughly equally between the agent and the direct channel. The company also offers commercial auto policies and entered homeowners insurance through an acquisition in 2015.