Progressive rStock

RPGR

Progressive engages in the underwriting and policy management of property and casualty insurance. The primary business is concentrated on providing personal auto insurance and commercial vehicle insurance, in addition to underwriting homeowners property insurance and other specialty lines. The company sells policies via direct channels and independent agents, utilizing actuarial models to assess risks of traffic accidents and property damage. It routinely collects premiums to cover claims payments and invests idle funds in fixed-income investments.