Philip Bleser - Progressive Corp Independent Director

PGR Stock  USD 263.44  6.42  2.50%   

Director

Mr. Philip F. Bleser is Independent Director of the Company. Prior to retiring in 2016, Mr. Bleser served on the executive leadership team at JPMorgan Chase, a preeminent commercial bank and financial services company, where he led the firms corporate banking efforts. In these roles, Mr. Blesers responsibilities included, among others, strategic direction and execution, risk management, and operations of a global, technology and customerdriven corporate banking operation. His roles positioned him to understand the challenges and opportunities faced by JPMs largest corporate clients and to evaluate the strategic decisions made by those businesses. Mr. Bleser also serves on the board of a specialty retail company, enhancing his experience in the areas of public company governance and the operations of its audit and compensation committees, as well as deepening his understanding of a consumerfacing retail business. since 2017.
Age 66
Tenure 7 years
Address 300 North Commons Blvd., Mayfield Village, OH, United States, 44143
Phone(440) 461-5000
Webhttps://www.progressive.com

Latest Insider Transactions

2024-07-17Disposed of 2129 shares @ 219.08View

Progressive Corp Management Efficiency

The company has Return on Asset of 0.069 % which means that on every $100 spent on assets, it made $0.069 of profit. This is way below average. In the same way, it shows a return on shareholders' equity (ROE) of 0.3641 %, implying that it generated $0.3641 on every 100 dollars invested. Progressive Corp's management efficiency ratios could be used to measure how well Progressive Corp manages its routine affairs as well as how well it operates its assets and liabilities. As of 11/22/2024, Return On Tangible Assets is likely to grow to 0.15. Also, Return On Capital Employed is likely to grow to 0.21. At this time, Progressive Corp's Fixed Asset Turnover is relatively stable compared to the past year. As of 11/22/2024, Return On Assets is likely to grow to 0.14, while Non Currrent Assets Other are likely to drop (1.3 B).
Progressive Corp has 6.89 B in debt with debt to equity (D/E) ratio of 0.43, which is OK given its current industry classification. Progressive Corp has a current ratio of 0.4, suggesting that it has not enough short term capital to pay financial commitments when the payables are due. Note however, debt could still be an excellent tool for Progressive to invest in growth at high rates of return.

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The Progressive Corporation, an insurance holding company, provides personal and commercial auto, personal residential and commercial property, general liability, and other specialty property-casualty insurance products and related services in the United States. The Progressive Corporation was founded in 1937 and is headquartered in Mayfield, Ohio. Progressive Corp operates under InsuranceProperty Casualty classification in the United States and is traded on New York Stock Exchange. It employs 49077 people. Progressive Corp (PGR) is traded on New York Stock Exchange in USA. It is located in 300 North Commons Blvd., Mayfield Village, OH, United States, 44143 and employs 61,432 people. Progressive Corp is listed under Property & Casualty Insurance category by Fama And French industry classification.

Management Performance

Progressive Corp Leadership Team

Elected by the shareholders, the Progressive Corp's board of directors comprises two types of representatives: Progressive Corp inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Progressive. The board's role is to monitor Progressive Corp's management team and ensure that shareholders' interests are well served. Progressive Corp's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Progressive Corp's outside directors are responsible for providing unbiased perspectives on the board's policies.
Daniel Mascaro, Vice President Secretary, and Chief Legal Officer
Stuart Burgdoerfer, Independent Director
Mariann Marshall, Chief Accounting Officer, Vice President
Patrick Nettles, Independent Director
Philip Bleser, Independent Director
Lori Niederst, Customer Relationship Management President
Remi Kent, Chief Marketing Officer
Karen Bailo, Commercial Lines President
Kahina Dyke, Independent Director
Barbara Snyder, Independent Director
John Barbagallo, Commercial Lines President; Commercial Lines Group President, Agency Operations
Jonathan Bauer, Chief Investment Officer
Charles Davis, Independent Director
Andrew Quigg, Chief Strategy Officer
Devin Johnson, Independent Director
William II, Chief Officer
Pamela Craig, Independent Director
Douglas Constantine, Director Relations
Steven Broz, Chief Information Officer
Patrick Callahan, President of Personal Lines
Michael Charney, Chief Marketing Officer
Jeffrey Kelly, Independent Director
Susan Griffith, President, Chief Executive Officer, Director
Lawton Fitt, Independent Chairperson of the Board
William Clawson, Chief Human Resource Officer
Jan Tighe, Independent Director
Roger Farah, Independent Director
John Murphy, President - Customer Relationship Management
Michael Sieger, Claims Operations Leader
John Sauerland, Chief Financial Officer, Vice President
David Stringer, Secretary VP

Progressive Stock Performance Indicators

The ability to make a profit is the ultimate goal of any investor. But to identify the right stock is not an easy task. Is Progressive Corp a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.

Pair Trading with Progressive Corp

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Progressive Corp position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Progressive Corp will appreciate offsetting losses from the drop in the long position's value.

Moving together with Progressive Stock

  0.68AFG American FinancialPairCorr
The ability to find closely correlated positions to Progressive Corp could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Progressive Corp when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Progressive Corp - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Progressive Corp to buy it.
The correlation of Progressive Corp is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Progressive Corp moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Progressive Corp moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Progressive Corp can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching

Additional Tools for Progressive Stock Analysis

When running Progressive Corp's price analysis, check to measure Progressive Corp's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Progressive Corp is operating at the current time. Most of Progressive Corp's value examination focuses on studying past and present price action to predict the probability of Progressive Corp's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Progressive Corp's price. Additionally, you may evaluate how the addition of Progressive Corp to your portfolios can decrease your overall portfolio volatility.