Progressive Management
Management criteria checks 3/4
Progressive's CEO is Tricia Griffith, appointed in Jul 2016, has a tenure of 7.75 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 $121.25M. The average tenure of the management team and the board of directors is 7.8 years and 8.6 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 | 8.6yrs |
Recent management updates
Recent updates
Progressive: This Winner Has Much More Long-Term Upside
Apr 12Progressive Insurance, Regressive Returns?
Jan 23What You Can Learn From The Progressive Corporation's (NYSE:PGR) P/E
Dec 18
Auto Insurer Progressive Speeds By On Revenue And Earnings, As Hold Rating Reaffirmed
Nov 09The Progressive Corporation: Analysts' Estimates Overly Optimistic (Maintain Strong Sell)
Oct 09Progressive: Continue To Hold Due To Mixed Q2 2023 Results
Jul 26Progressive: 2nd-Worst Day Since 2002 Following An EPS Miss, Stock Near Support
Jul 13The Progressive Corp: Leading Auto Insurer Crashes On Low Dividends And Overvaluation
Jun 21Progressive posts 13% Y/Y increase in January earned premiums
Feb 15Progressive Q4 2022 Earnings Preview
Jan 24The Progressive reduces loss estimates from Hurricane Ian
Dec 21Progressive posts increased premium for November
Dec 14LRT Capital - Progressive Corp: Evolving Towards A Duopoly
Nov 09Progressive: Shares Trending Higher Into Earnings, Profitability Seen Improving
Oct 10Progressive (NYSE:PGR) Will Pay A Dividend Of $0.10
Sep 16Progressive reports profit growth in monthly update
Aug 17Progressive (NYSE:PGR) Has Announced A Dividend Of $0.10
Aug 12Baron Fintech Fund - Progressive Corp.: Rising Interest Rates, A Financial Tailwind
Aug 11Progressive: Too Pricey For Uncertain Dividend Yields
Jul 20Progressive Q2 2022 Earnings Preview
Jul 14Progressive (NYSE:PGR) Will Pay A Dividend Of US$0.10
Jul 03Progressive (NYSE:PGR) Will Pay A Dividend Of US$0.10
Jun 19CEO Compensation Analysis
| 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 about average for companies of similar size in the US market ($USD13.37M).
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 |
|---|---|---|---|---|
| President | 7.8yrs | US$15.64m | 0.099% $ 121.3m | |
| VP & CFO | 9yrs | US$5.20m | 0.069% $ 84.5m | |
| President of Personal Lines | 9yrs | US$4.82m | 0.0026% $ 3.2m | |
| President of Claims | 8.3yrs | US$3.06m | 0.010% $ 12.7m | |
| President of Commercial Lines | 3.5yrs | US$3.16m | 0.0055% $ 6.8m | |
| Chief Investment Officer | 4.3yrs | no data | 0.0046% $ 5.6m | |
| VP, Chief Accounting Officer & Assistant Secretary | 16yrs | no data | 0.0026% $ 3.2m | |
| Chief Information Officer | 8.2yrs | no data | 0.0073% $ 9.0m | |
| Director of Investor Relations | no data | no data | no data | |
| VP, Secretary & Chief Legal Officer | less than a year | no data | 0.00042% $ 516.0k | |
| Chief Marketing Officer | 2.4yrs | US$3.01m | 0.0021% $ 2.5m | |
| Chief Human Resources Officer | 2.3yrs | no data | 0.0013% $ 1.5m |
7.8yrs
Average Tenure
53yo
Average Age
Experienced Management: PGR's management team is seasoned and experienced (7.8 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 7.8yrs | US$15.64m | 0.099% $ 121.3m | |
| Independent Director | 5.9yrs | US$340.03k | 0.0013% $ 1.6m | |
| Independent Director | 11.5yrs | US$310.03k | 0.0063% $ 7.7m | |
| Independent Director | 15.8yrs | US$340.01k | 0.0013% $ 1.6m | |
| Independent Director | 28yrs | US$325.04k | 0.057% $ 70.3m | |
| Independent Director | 14.3yrs | US$350.12k | 0.0024% $ 2.9m | |
| Independent Chairperson | 14.8yrs | US$520.11k | 0.0016% $ 2.0m | |
| Independent Director | 6.7yrs | US$325.04k | 0.00036% $ 442.3k | |
| Independent Director | 9.5yrs | US$300.08k | 0.0011% $ 1.4m | |
| Independent Director | 3.4yrs | US$300.08k | 0.0014% $ 1.7m | |
| Independent Director | 5.9yrs | US$315.09k | 0.0024% $ 3.0m | |
| Independent Director | less than a year | no data | 0.00023% $ 282.6k |
8.6yrs
Average Tenure
67yo
Average Age
Experienced Board: PGR's board of directors are considered experienced (8.6 years average tenure).