Who is the owner of Progressive insurance Co?
Who is the owner of Progressive insurance Co? Progressive is owned by its shareholders, as it is a publicly-traded company. The biggest shareholders are The Vanguard Group, BlackRock Fund Advisors, and Wellington Management, which have a combined ownership stake of almost 20%, according to public records, as of Q1 2021. Why is Progressive insurance successful? Progressive is great at underwriting insurance because of tight control over its combined ratio and less reliance on investment income, eventually leading to higher profit margins. The Progressive Group of Insurance Companies (Progressive) is one of the most popular insurance brands in the US. Is...