Progressive
Sells car insurance to cover accidents and damage.
📖 Its story
In 1937, two lawyers, Joseph Lewis and Jack Green, started a car insurance company in Ohio. They wanted to do things differently and make it easier for customers. Little by little it became one of the biggest car insurance companies in the United States.
💵 How it makes money
It charges its customers a payment called a premium and pays for the damage when there's an accident.
🤯 Fun fact
Flo, the character in its commercials, a salesperson dressed in white, has been around since 2008.
👍 The good part
In many places having car insurance is required, so there are always customers.
⚠️ The risk
If there are lots of accidents or storms, it has to pay more than it expected.
🧠 Did you get it?
What does Progressive mainly sell?
🗂️ Quick facts
- Founded in: 1937
- Founded by: Joseph Lewis and Jack Green
- Home: Mayfield Village, Ohio, USA
🔎 How to find it on the stock market
- Search the internet for PGR stock.
- You can also find it in your parents' investing app with the letters PGR.
- Check how much one share costs and whether today it's green (went up) or red (went down).
🎮 Buy it in the game
Soon you'll be able to invest your Monis in Progressive. Ask your mom or dad to join the list.
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