PGR Stock - Progressive Corp.

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The Progressive Corporation is an insurance holding company that offers a wide range of personal and commercial auto, residential and commercial property, general liability, and specialty property-casualty insurance products and services in the United States. It operates through three primary segments: Personal Lines, Commercial Lines, and Property. The Personal Lines segment focuses on providing insurance for personal autos and recreational vehicles (RVs). This includes personal auto insurance and special lines products such as insurance for motorcycles, ATVs, RVs, watercraft, snowmobiles, and other related products.

The Commercial Lines segment offers auto-related primary liability and physical damage insurance, along with business-related general liability and property insurance. This insurance covers a variety of vehicles used by small businesses, such as autos, vans, pickup trucks, and dump trucks. It also insures tractors, trailers, and straight trucks for regional general freight and long-haul operations, as well as specialized vehicles like dump trucks, log trucks, garbage trucks, tow trucks, and wreckers used in specific industries such as logging, coal transport, towing services, and gas/service stations. Additionally, this segment provides insurance for non-fleet and airport taxis, and black-car services.

The Property seggment of Progressive Corporation writes residential property insurance for homeowners, other property owners, and renters. It also offers personal umbrella insurance, primary and excess flood insurance, and provides policy issuance and claims adjusting services. Acting as an agent, Progressive offers homeowner general liability, workers' compensation insurance, and other products. The company also provides reinsurance services. Progressive's products are sold through independent insurance agencies, directly online via mobile devices, and over the phone. Founded in 1937, The Progressive Corporation is headquartered in Mayfield, Ohio.

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