Progressive Management

Management criteria checks 2/4

Progressive's CEO is Tricia Griffith, appointed in Jul 2016, has a tenure of 7.83 years. total yearly compensation is $15.64M, comprised of 6.4% salary and 93.6% bonuses, including company stock and options. directly owns 0.099% of the company’s shares, worth €112.02M. The average tenure of the management team and the board of directors is 7.8 years and 8.7 years respectively.

Key information

Tricia Griffith

Chief executive officer

US$15.6m

Total compensation

CEO salary percentage	6.4%
CEO tenure	7.8yrs
CEO ownership	0.1%
Management average tenure	7.8yrs
Board average tenure	8.7yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Tricia Griffith's remuneration changed compared to Progressive's earnings?
Date	Total Compensation	Salary	Company Earnings
Mar 31 2024	n/a	n/a	US$6b
Dec 31 2023	US$16m	US$994k	US$4b
Sep 30 2023	n/a	n/a	US$3b
Jun 30 2023	n/a	n/a	US$2b
Mar 31 2023	n/a	n/a	US$828m
Dec 31 2022	US$13m	US$950k	US$695m
Sep 30 2022	n/a	n/a	US$831m
Jun 30 2022	n/a	n/a	US$825m
Mar 31 2022	n/a	n/a	US$2b
Dec 31 2021	US$14m	US$950k	US$3b
Sep 30 2021	n/a	n/a	US$4b
Jun 30 2021	n/a	n/a	US$5b
Mar 31 2021	n/a	n/a	US$6b
Dec 31 2020	US$15m	US$981k	US$6b
Sep 30 2020	n/a	n/a	US$5b
Jun 30 2020	n/a	n/a	US$4b
Mar 31 2020	n/a	n/a	US$4b
Dec 31 2019	US$14m	US$888k	US$4b
Sep 30 2019	n/a	n/a	US$3b
Jun 30 2019	n/a	n/a	US$3b
Mar 31 2019	n/a	n/a	US$3b
Dec 31 2018	US$14m	US$791k	US$3b
Sep 30 2018	n/a	n/a	US$3b
Jun 30 2018	n/a	n/a	US$2b
Mar 31 2018	n/a	n/a	US$2b
Dec 31 2017	US$9m	US$721k	US$2b

Compensation vs Market: Tricia's total compensation ($USD15.64M) is above average for companies of similar size in the German market ($USD5.31M).

Compensation vs Earnings: Tricia's compensation has increased by more than 20% in the past year.

CEO

Tricia Griffith (59 yo)

7.8yrs

Tenure

US$15,636,618

Compensation

Ms. Susan Patricia Griffith also known as Tricia, has been the Chief Executive Officer and President of Progressive Corp. since July 1, 2016. Ms. Griffith serves as Director at Federal Express Corporation...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Susan Griffith	President	7.8yrs	US$15.64m	0.099% $ 112.0m
John Sauerland	VP & CFO	9.1yrs	US$5.20m	0.069% $ 78.0m
Patrick Callahan	President of Personal Lines	9.1yrs	US$4.82m	0.0026% $ 2.9m
John Murphy	President of Claims	8.3yrs	US$3.06m	0.010% $ 11.7m
Karen Bailo	President of Commercial Lines	3.6yrs	US$3.16m	0.0055% $ 6.3m
Jonathan Bauer	Chief Investment Officer	4.3yrs	no data	0.0046% $ 5.2m
Mariann Marshall	VP, Chief Accounting Officer & Assistant Secretary	16.1yrs	no data	0.0026% $ 3.0m
Steven Broz	Chief Information Officer	8.3yrs	no data	0.0073% $ 8.3m
Douglas Constantine	Director of Investor Relations	no data	no data	no data
David Stringer	VP, Secretary & Chief Legal Officer	less than a year	no data	0.00042% $ 476.7k
Remi Kent	Chief Marketing Officer	2.5yrs	US$3.01m	0.0021% $ 2.3m
William Clawson	Chief Human Resources Officer	2.4yrs	no data	0.0013% $ 1.4m

7.8yrs

Average Tenure

53yo

Average Age

Experienced Management: PGV's management team is seasoned and experienced (7.8 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Susan Griffith	President	7.8yrs	US$15.64m	0.099% $ 112.0m
Pamela Craig	Independent Director	6yrs	US$340.01k	0.0013% $ 1.5m
Jeffrey Kelly	Independent Director	11.6yrs	US$310.00k	0.0063% $ 7.1m
Roger Farah	Independent Director	15.9yrs	US$340.11k	0.0013% $ 1.5m
Charles Davis	Independent Director	28.1yrs	US$325.04k	0.057% $ 64.9m
Stuart Burgdoerfer	Independent Director	14.4yrs	US$350.12k	0.0024% $ 2.7m
Lawton Fitt	Independent Chairperson	14.9yrs	US$520.11k	0.0016% $ 1.8m
Philip Bleser	Independent Director	6.8yrs	US$325.04k	0.00036% $ 408.6k
Barbara Snyder	Independent Director	9.6yrs	US$300.08k	0.0011% $ 1.3m
Devin Johnson	Independent Director	3.5yrs	US$300.08k	0.0012% $ 1.4m
Kahina van Dyke	Independent Director	6yrs	US$315.09k	0.0024% $ 2.8m
Danelle Barrett	Independent Director	less than a year	US$300.13k	0.00023% $ 261.0k

8.7yrs

Average Tenure

67yo

Average Age

Experienced Board: PGV's board of directors are considered experienced (8.7 years average tenure).

Progressive Management

Management criteria checks 2/4

Key information

Recent management updates

The Progressive Corporation, Annual General Meeting, May 10, 2024

Insufficient new directors

Independent Director recently sold €2.2m worth of stock

Independent Director recently sold €2.6m worth of stock

Insufficient new directors

Insufficient new directors

Recent updates

The Progressive Corporation to Report April,2024 Results on May 15, 2024

First quarter 2024 earnings released: EPS: US$3.98 (vs US$0.75 in 1Q 2023)

National Center for Public Files an Exempt Solicitation Statement and Request Vote for the Proposal

The Progressive Corporation to Report March,2024 Results on Apr 12, 2024

Upcoming dividend of US$0.10 per share

Fourth quarter dividend of US$0.10 announced

The Progressive Corporation Declares Quarterly Common Share Dividend, Payable on April 12, 2024

Full year 2023 earnings released: EPS: US$6.61 (vs US$1.19 in FY 2022)

The Progressive Corporation to Report ,2024 Results on Feb 14, 2024

Full year 2023 earnings released: EPS: US$6.61 (vs US$1.19 in FY 2022)

Upcoming dividend of US$0.85 per share at 0.2% yield

The Progressive Corporation to Report Q4, 2023 Results on Jan 24, 2024

The Progressive Corporation, Annual General Meeting, May 10, 2024

Insufficient new directors

The Progressive Corporation to Report November,2023 Results on Dec 15, 2023

Independent Director recently sold €2.2m worth of stock

Third quarter 2023 earnings released: EPS: US$1.90 (vs US$0.20 in 3Q 2022)

The Progressive Corporation to Report October,2023 Results on Nov 17, 2023

The Progressive Corporation to Report September,2023 Results on Oct 13, 2023

Upcoming dividend of US$0.10 per share at 0.3% yield

Independent Director recently sold €2.6m worth of stock

The Progressive Corporation to Report July,2023 Results on Aug 16, 2023

Now 22% undervalued after recent price drop

Upcoming dividend of US$0.10 per share at 0.3% yield

First quarter 2023 earnings released: EPS: US$0.75 (vs US$0.53 in 1Q 2022)

Upcoming dividend of US$0.10 per share at 0.3% yield

Now 21% undervalued

Insufficient new directors

The Progressive Corporation to Report February,2023 Results on Mar 15, 2023

The Progressive Corporation to Report Q4, 2022 Results on Feb 15, 2023

the Progressive Corporation Announces Updated Loss Estimates from Hurricane Ian

Insufficient new directors

Third quarter 2022 earnings released: EPS: US$0.20 (vs US$0.19 in 3Q 2021)

The Progressive Corporation to Report October,2022 Results on Nov 16, 2022

Upcoming dividend of US$0.10 per share

President of Personal Lines recently sold €2.4m worth of stock

The Progressive Corporation to Report September,2022 Results on Oct 13, 2022

The Progressive Corporation Declares Quarterly Common Share Dividend, Payable on October 14, 2022

Second quarter 2022 earnings released

Upcoming dividend of US$0.10 per share

The Progressive Corporation to Report Q2, 2022 Results on Jul 15, 2022

Insufficient new directors

The Progressive Corporation to Report May,2022 Results on Jun 21, 2022

First quarter 2022 earnings released: EPS: US$0.53 (vs US$2.52 in 1Q 2021)

First quarter 2022 earnings released: EPS: US$0.53 (vs US$2.52 in 1Q 2021)

The Progressive Corporation to Report April,2022 Results on May 18, 2022

Upcoming dividend of US$0.10 per share

The Progressive Corporation Announces Quarterly Dividend, Payable on April 14, 2022

Full year 2021 earnings: Revenues and EPS in line with analyst expectations

The Progressive Corporation to Report February,2022 Results on Mar 16, 2022

Full year 2021 earnings: Revenues and EPS in line with analyst expectations

Upcoming dividend of US$0.10 per share

President of Claims recently sold €1.2m worth of stock

Independent Director recently sold €273k worth of stock

Third quarter 2021 earnings released: EPS US$0.19 (vs US$2.61 in 3Q 2020)

Upcoming dividend of US$0.10 per share

Chief Marketing Officer recently sold €1.2m worth of stock

Second quarter 2021 earnings released: EPS US$1.34 (vs US$3.05 in 2Q 2020)

Upcoming dividend of US$0.10 per share

The Progressive Corporation(NYSE:PGR) dropped from Russell 1000 Growth Index

The Progressive Corporation(NYSE:PGR) dropped from Russell 1000 Growth-Defensive Index

The Progressive Corporation (NYSE:PGR) completed the acquisition of Protective Insurance Corporation (NasdaqGM:PTVC.B) from group of sellers.

Independent Director has left the company

The Progressive Corporation Announces Quarterly Dividend, Payable July 15, 2021

First quarter 2021 earnings released: EPS US$2.52 (vs US$1.17 in 1Q 2020)

First quarter 2021 earnings released: EPS US$2.52 (vs US$1.18 in 1Q 2020)

Upcoming dividend of US$0.10 per share

VP & CFO recently sold €919k worth of stock

The Progressive Corporation to Report Q1, 2021 Results on Apr 15, 2021