Progressive is one of the largest auto insurers in the United States, with over 13 million policies in force. The company insures motorcycles, boats, RVs, and commercial vehicles and provides home insurance through select companies. Progressive primarily offers its services through the Internet or by phone and through independent insurance agents, such as McGhee Insurance!
The company operates in three segments: Personal Lines, Commercial Auto, and Other-indemnity.
- The Personal Lines segment writes insurance for private passenger automobiles, motorcycles, boats, and recreational vehicles through both an independent agency channel and a direct channel.
- The Commercial Auto segment writes primary liability and physical damage insurance for automobiles and trucks owned by businesses primarily through the independent agency channel.
- The Other-indemnity segment provides professional liability insurance to community banks, principally directors, and officers liability insurance. It also provides insurance-related services, primarily providing policy issuance and claims adjusting services in 25 states for Commercial Auto Insurance Procedures/Plans. In 2011, the company was ranked 164 in the Fortune 500.