Progressive Management
Management criteria checks 3/4
Progressive's CEO is Tricia Griffith, appointed in Jul 2016, has a tenure of 8.42 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 $136.33M. The average tenure of the management team and the board of directors is 8.4 years and 10.2 years respectively.
Key information
Tricia Griffith
Chief executive officer
US$15.6m
Total compensation
| CEO salary percentage | 6.4% |
| CEO tenure | 8.4yrs |
| CEO ownership | 0.1% |
| Management average tenure | 8.4yrs |
| Board average tenure | 10.2yrs |
Recent management updates
Recent updates
Auto Insurer Progressive Held Up In Traffic As Valuation Puts Brakes On Rating
Dec 02Here's Why Progressive (NYSE:PGR) Has Caught The Eye Of Investors
Nov 24
Progressive: Skyrocketing Car Insurance Costs Increase Consumer Price Sensitivity
Oct 28Progressive Is A Buy On Its Justified Valuation
Oct 16What The Progressive Corporation's (NYSE:PGR) P/E Is Not Telling You
Oct 04Progressive: A Backbone For Your Portfolio
Sep 25Progressive Corporation: Accumulate This Amazing Performer On Weaknesses
Aug 27If EPS Growth Is Important To You, Progressive (NYSE:PGR) Presents An Opportunity
Aug 26Results: The Progressive Corporation Beat Earnings Expectations And Analysts Now Have New Forecasts
Jul 18Progressive Is A Buy Ahead Of Earnings
Jul 08Progressive: Innovation Prioritization And Continued Steady Growth Make It A Buy
Jun 29Progressive: Growth Story Already Priced In
Jun 19Investors Appear Satisfied With The Progressive Corporation's (NYSE:PGR) Prospects
Jun 18Progressive: This Winner Has Much More Long-Term Upside
Apr 12Progressive Insurance, Regressive Returns?
Jan 23Auto 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 21CEO 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 about average for companies of similar size in the US market ($USD12.85M).
Compensation vs Earnings: Tricia's compensation has increased by more than 20% in the past year.
CEO
Tricia Griffith (60 yo)
8.4yrs
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 | 8.4yrs | US$15.64m | 0.097% $ 136.3m | |
| VP & CFO | 9.7yrs | US$5.20m | 0.063% $ 88.9m | |
| President of Personal Lines | 9.7yrs | US$4.82m | 0.0026% $ 3.6m | |
| President of Claims | 8.9yrs | US$3.06m | 0.010% $ 14.4m | |
| President of Commercial Lines | 4.2yrs | US$3.16m | 0.0055% $ 7.8m | |
| Chief Investment Officer | 4.9yrs | no data | 0.0042% $ 6.0m | |
| VP, Chief Accounting Officer & Assistant Secretary | 16.7yrs | no data | 0.0021% $ 2.9m | |
| Chief Information Officer | 8.8yrs | no data | 0.0045% $ 6.3m | |
| Director of Investor Relations | no data | no data | no data | |
| VP, Secretary & Chief Legal Officer | less than a year | no data | 0.00042% $ 590.4k | |
| Chief Marketing Officer | 3.1yrs | US$3.01m | 0.0033% $ 4.6m | |
| Chief Human Resources Officer | 3yrs | no data | 0.0013% $ 1.9m |
8.4yrs
Average Tenure
54yo
Average Age
Experienced Management: PGR's management team is seasoned and experienced (8.4 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 8.4yrs | US$15.64m | 0.097% $ 136.3m | |
| Independent Director | 6.6yrs | US$340.01k | 0.0015% $ 2.1m | |
| Independent Director | 12.2yrs | US$310.00k | 0.0064% $ 9.1m | |
| Independent Director | 16.5yrs | US$340.11k | 0.00029% $ 407.7k | |
| Independent Director | 28.7yrs | US$325.04k | 0.057% $ 80.8m | |
| Independent Director | 15yrs | US$350.12k | 0.0026% $ 3.6m | |
| Independent Chairperson | 15.5yrs | US$520.11k | 0.0021% $ 2.9m | |
| Independent Director | 7.3yrs | US$325.04k | 0.00017% $ 239.0k | |
| Independent Director | 10.2yrs | US$300.08k | 0.0015% $ 2.1m | |
| Independent Director | 4.1yrs | US$300.08k | 0.0015% $ 2.1m | |
| Independent Director | 6.6yrs | US$315.03k | 0.0023% $ 3.3m |
10.2yrs
Average Tenure
69yo
Average Age
Experienced Board: PGR's board of directors are seasoned and experienced ( 10.2 years average tenure).
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/22 04:39 |
| End of Day Share Price | 2024/12/20 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
| |
| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
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Analyst Sources
The Progressive Corporation is covered by 45 analysts. 9 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Jacob Kilstein | Argus Research Company |
| Ishan Majumdar | Baptista Research |
| Alex Scott | Barclays |