February 29, 2024
Commissions are more certain than insurance losses. Those were not exactly the words that a Progressive executive used when he described the work the insurer has been doing to help customers meet all their insurance needs—sometimes through the policies of …
November 2, 2023
Shoring up loss reserves and adding “the premium equivalent” of a top 8 personal auto insurer to its books has put Progressive in a better place now than it was at the end of the second quarter. The carrier’s chief …
February 28, 2023
Progressive Corp. posted full-year 2022 net income of $721.5 million, down about 78% from net income of $3.35 billion the prior year, due to losses in its investment portfolio. However, Chief Executive Officer Tricia Griffith in a letter to shareholders …
April 14, 2022
AIG Appoints Tom Bolt EVP and Chief Risk Officer American International Group (AIG) said Tom Bolt was named Executive Vice President and Chief Risk Officer, effective immediately. He replaces Sabra Purtill, who was named Executive Vice President and Chief Investment …
October 7, 2020
Progressive Corp. could soon expand its horizons into life insurance. “We actually are considering that,” Chief Executive Officer Tricia Griffith said when asked about a possible move. “We have a life-insurance company filed in Ohio. More to come on that.” …
August 10, 2020
“Black Lives Matter to me and they matter to us as an organization,” Progressive Corp. CEO Tricia Griffith wrote in a letter to shareholders. In the letter that was mostly commentary on second quarter results, Griffith vowed to increase her …
March 6, 2017
Progressive Corp., the fourth-largest U.S. auto insurer, boosted spending on marketing this year to win customers after scaling back in the second half of 2016 when increased costs from car accidents threatened the company’s profit goals. “We’re excited to be …
May 13, 2016
The Progressive Corp. announced that Glenn Renwick, president and chief executive officer, will retire after more than 15 years as CEO and almost 30 years with the company, effective July 1, 2016. Tricia Griffith, currently Personal Lines chief operating officer, …