Progressive announces management changes
Pat Callahan retires as Personal Lines President; Lori Niederst becomes Chief Personal Lines Officer.
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Multiline property and casualty insurer
progressive.comLast updated
In short: Progressive surpassed State Farm as the top U.S. private auto insurer and reported strong 2026 growth despite various legal and market challenges.
Pat Callahan retires as Personal Lines President; Lori Niederst becomes Chief Personal Lines Officer.
Net income rose 36% to $1.445 billion, combined ratio improved to 82.1.
Net premiums written increased 6% to $7.28 billion, net income up 10% to $1.09 billion.
It provides up to $13,500 down payment assistance to 200 first-time homebuyers. The program is part of Open the House initiative and open through October 31.
The executive who built an $80 billion personal lines powerhouse is stepping back. The question is whether Progressive can sustain its historic run without him...
Progressive provides insurance for personal and commercial autos and trucks, motorcycles, boats, recreational vehicles, and homes; it is a leading seller of personal auto, commerc...
Major earnings expected before the bell on Wednesday include Jabil, CarMax, and Progressive.
Insurers aggressively raised premiums to restore profitability. And for a while, those efforts...
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