Q: Is Progressive a good company to work for?

Yes, Progressive is a good company to work for. 89% of current and former Progressive employees answered in the affirmative to this statement. This is impressive since job satisfaction rates at the average US company are around 57%. Progressive is a very large insurance company that has a wide range of job opportunities.

Question 1

How much does Progressive spend on advertising?

Accepted Answer

Progressive spends between 4% and 5% of its total revenue on advertising. In 2020, for example,Progressive reported advertising expenses of nearly $1.8 billion and had a total revenue of $42.658 billion. Compared to other insurance companies like Allstate and Geico, Progressive ranks 2nd in advertisement spending.

Question 2

Who owns Progressive Insurance?

Accepted Answer

Institutional Investors Own Progressive Insurance. Institutional investors purchased a net of $340.9 thousand shares during the quarter ending June 2019 and now owns 85.74% of the total shares outstanding. This is a greater percentage than is typically seen with companies in the property/casualty insurance industry.

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