Name | Value |
---|---|
Revenues | 16.9B |
Cost of Revenue | 0.0B |
Gross Profit | 16.9B |
Operating Expense | 14.4B |
Operating I/L | 2.5B |
Other Income/Expense | 0.0B |
Interest Income | 0.0B |
Pretax | 2.5B |
Income Tax Expense | 0.5B |
Net Income/Loss | 2.0B |
The Progressive Corporation is an insurance holding company that offers personal and commercial auto, residential and commercial property, general liability, and specialty property-casualty insurance products in the United States. It operates in three segments: Personal Lines, Commercial Lines, and Property. The company sells its products through independent insurance agencies, as well as directly on the Internet through mobile devices and over the phone. The Personal Lines segment focuses on personal auto and recreational vehicle insurance, while the Commercial Lines segment provides insurance for various types of business vehicles. The Property segment offers residential property insurance, personal umbrella insurance, and flood insurance.