Progressive Management
Management criteria checks 2/4
Progressive's CEO is Tricia Griffith, appointed in Jul 2016, has a tenure of 8.33 years. total yearly compensation is $15.64M, comprised of 6.4% salary and 93.6% bonuses, including company stock and options. directly owns 0.097% of the company’s shares, worth MX$2.95B. The average tenure of the management team and the board of directors is 8.3 years and 10.1 years respectively.
Key information
Tricia Griffith
Chief executive officer
US$15.6m
Total compensation
| CEO salary percentage | 6.4% |
| CEO tenure | 8.3yrs |
| CEO ownership | 0.1% |
| Management average tenure | 8.3yrs |
| Board average tenure | 10.1yrs |
Recent management updates
Recent updates
CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Sep 30 2024 | n/a | n/a | US$8b |
| Jun 30 2024 | n/a | n/a | US$7b |
| 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 MX market ($USD5.78M).
Compensation vs Earnings: Tricia's compensation has increased by more than 20% in the past year.
CEO
Tricia Griffith (60 yo)
8.3yrs
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 |
|---|---|---|---|---|
| President | 8.3yrs | US$15.64m | 0.097% MX$ 2.9b | |
| VP & CFO | 9.6yrs | US$5.20m | 0.065% MX$ 2.0b | |
| President of Personal Lines | 9.6yrs | US$4.82m | 0.0026% MX$ 78.8m | |
| President of Claims | 8.8yrs | US$3.06m | 0.010% MX$ 312.4m | |
| President of Commercial Lines | 4.1yrs | US$3.16m | 0.0055% MX$ 167.9m | |
| Chief Investment Officer | 4.8yrs | no data | 0.0042% MX$ 129.0m | |
| VP, Chief Accounting Officer & Assistant Secretary | 16.6yrs | no data | 0.0021% MX$ 63.3m | |
| Chief Information Officer | 8.8yrs | no data | 0.0045% MX$ 136.9m | |
| Director of Investor Relations | no data | no data | no data | |
| VP, Secretary & Chief Legal Officer | less than a year | no data | 0.00042% MX$ 12.8m | |
| Chief Marketing Officer | 3yrs | US$3.01m | 0.0033% MX$ 99.8m | |
| Chief Human Resources Officer | 2.9yrs | no data | 0.0013% MX$ 40.1m |
8.3yrs
Average Tenure
54yo
Average Age
Experienced Management: PGR *'s management team is seasoned and experienced (8.3 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 8.3yrs | US$15.64m | 0.097% MX$ 2.9b | |
| Independent Director | 6.5yrs | US$340.01k | 0.0015% MX$ 45.6m | |
| Independent Director | 12.1yrs | US$310.00k | 0.0064% MX$ 195.9m | |
| Independent Director | 16.4yrs | US$340.11k | 0.00029% MX$ 8.8m | |
| Independent Director | 28.6yrs | US$325.04k | 0.057% MX$ 1.7b | |
| Independent Director | 14.9yrs | US$350.12k | 0.0026% MX$ 78.5m | |
| Independent Chairperson | 15.4yrs | US$520.11k | 0.0021% MX$ 62.4m | |
| Independent Director | 7.3yrs | US$325.04k | 0.00017% MX$ 5.2m | |
| Independent Director | 10.1yrs | US$300.08k | 0.0015% MX$ 45.9m | |
| Independent Director | 4yrs | US$300.08k | 0.0015% MX$ 45.6m | |
| Independent Director | 6.5yrs | US$315.03k | 0.0023% MX$ 71.2m |
10.1yrs
Average Tenure
69yo
Average Age
Experienced Board: PGR *'s board of directors are seasoned and experienced ( 10.1 years average tenure).