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Headquarters:
6300 Wilson Mills Rd.
Mayfield Village, OH 44143
Employees: 28,336
CEO: Glenn Renwick
Stock Symbol: PGR
Website:
http://www.progressive.com
Career
Site
Progressive is the nation's third-largest
auto insurance company. Customers can purchase insurance from
agents or directly from the company's Internet site. Progressive
also sells motorcycle, boat, and personal watercraft insurance
over the Internet.
Progressive works with more than 30,000
independent insurance agencies. The company has more than 450
claims branches and 22 service centers. Progressive does business
in every state except Massachusetts.
In 2005, the company reported revenues
of $14.3 billion and net income of $1.39 billion.
The company has more than 12 million customers.
History
On March 10, 1937, Joseph Lewis and Jack
Green started Progressive Mutual Insurance Company because they
wanted to provide vehicle owners with security and protection.
They also thought it was a good investment for a couple of lawyers
who were just getting started.
Progressive was innovative from the start.
For the first time, customers could pay their premiums in installments,
an option that appealed to workers who could not afford annual
premiums. They could even get drive-in claims service. Progressive
wanted to make it easy for average people to protect one of their
most important investments - their vehicles.
The company grew steadily throughout the
next decade, moving to new offices in downtown Cleveland, Ohio,
in 1951. In 1955, after the death of Joe Lewis, Jack Green became
CEO and Peter Lewis, Joe's son, began his career with Progressive.
Peter brought fresh ideas and began looking for ways to distinguish
the company from its competitors. In 1956, the company formed
Progressive Casualty Company to write auto insurance for high
risk drivers (today the company serves all types of drivers).
The growing company expanded in the 1960s
and formed the Progressive Corporation. In 1965, Peter Lewis
took over the reins of the company when he assumed the title
of CEO, a title he still held when he celebrated his 45th anniversary
with the company in 2000. The compan went public in 1971.
Benefits
Medical Benefits
You have access to various medical
coverages in a tiered rate structure design, so you only pay
for the coverage you need. Plans include a Preferred Provider
Option (PPO) medical plan with a choice of different reimbursement
options, Exclusive Provider Option (EPO) medical plan and, in
some areas, a Health Maintenance Organization (HMO) plan. A High
Deductible Health Plan (HDHP) is also available, which enables
access to a Health Savings Account (or HSA).
Each plan offers different levels of medical coverage at different
costs to you. You can choose the plan that best meets you and
your family's personal health care needs.
Prescription coverage is provided with most medical options and
includes retail pharmacy reimbursement as well as mail order
coverage.
Clinical Services
At our major locations, you will
have access to in-house clinical services with nurse practitioners
and physicians on staff to care for you and your family. For
a nominal fee, medical personnel can provide convenient, cost-effective,
high quality health care for a large variety of medial conditions
to you, your spouse and your covered dependents.
Employee Assistance Program (EAP)
Progressive's Employee Assistance
Program (EAP) offers our people and their dependents a place
to address personal problems with the assistance of trained,
licensed counselors. You pay no costs for up to eight counseling
sessions per problem per family member per year. Magellan Behavioral
Health, an independent contractor, is the EAP contract service
for all Progressive people.
Wellness Programs
In support of our wellness philosophy
of motivating, educating and empowering our people to improve
their health and quality of life, we sponsor a variety of wellness
programs you can attend, books and videos you may borrow, and
professionals you can consult for your own personal well-being.
Fitness Programs
For a nominal fee, you will have
access to on-site fitness centers at our major locations that
feature state-of-the-art equipment, weight machines and a variety
of fitness classes. We also sponsor a national program offering
corporate participants discounted rates to fitness centers throughout
the United States.
Dental Benefits
You can purchase dental benefits
with options that include preventive, comprehensive, and a dental
HMO. The plan percentage coverages differ, and you can select
from varying deductibles and a range of biweekly payroll deductions.
Vision Benefits
Progressive offers a comprehensive
vision plan that includes an eye exam and coverage for lenses,
frames and contacts.
Life and Accidental Death & Dismemberment
(AD&D) Insurance
You have the option of purchasing
group life insurance, which has various levels of individual
Life and Accidental Death & Dismemberment (AD&D) coverage,
depending on your personal needs and peace of mind. Spouse and
child life insurance policies are also available.
Long-term Disability (LTD)
Progressive provides LTD coverage
at no cost to you. You can purchase additional disability coverage
through post-tax payroll deductions.
Time Off
You start earning time off as soon
as you join Progressive, building a bank of time throughout your
years of service. Time is credited as it is accrued and you can
use it at your discretion. Our contemporary approach to earned
time off is an example of the ways we creatively reward our people
and give them the flexibility they need for individual priorities
and lifestyle.
Retirement Security Program
You'll have access to two retirement
plans to help you save for the future: the voluntary Long-Term
Savings Plan (LTSP), which is Progressive's 401(k); and a Self-Directed
Retirement Plan (SDRP), another defined plan to which Progressive
contributes.
Long-term Saving Plan
This tax-advantaged savings plan
offers a wide range of investment options and a company match.
You are eligible to start contributing to the LTSP after 30 days
of service.
Self-Directed Retirement Plan
This plan is completely paid for
by Progressive. After one year of service, all people are automatically
eligible (provided you are 21 and work at least 20 hours per
week).
Child Care Subsidy
Helping balance your family life
is important, so Progressive extends child care subsidies of
$30 biweekly for the first child and $10 biweekly for each additional
child, after six months of service.
Tuition Reimbursement
To help you expand your skill base,
educational assistance is available after one year of service,
provided you work at least 20 hours per week. The educational
assistance plan reimbursement levels vary from 50 to 100%, depending
on the course of study, with an annual maximum of $2,000. There
is also assistance for individual classes, insurance education
and proficiency tests.
Work Perks
Progressive arranges for discounts,
special offers and other great values for Progressive people
on a wide variety of products and services under our Work Perks
program.
Updated August 10, 2006
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