Progressive Corporation

CEO Tricia Griffith and CFO John Sauerland have a long, transparent track record of managing to underwriting profitability first, with monthly reporting discipline and an explicit 96 combined ratio guardrail.

The 2022 industry cycle was met with assertive rate actions and growth throttling; 2023–2025 saw a rapid restoration of margins and share gains. Governance is conservative on leverage and risk, with A.M. Best A+ ratings maintained.

Leadership emphasizes cultural core values, long‑term value over short‑term optics, and continuous model elevation (8.9/9.0) and telematics. Insider ownership is meaningful for a large cap and incentive design is heavily performance‑based. We score near the top of our scale for consistent execution, candor and cycle management.