About Progressive Fleet and Specialty Programs
Progressive Fleet and Specialty Programs is a company based in Carmel (United States) founded in 1954 was acquired by Progressive Insurance in February 2021. It operates as a Professional Services. Progressive Fleet and Specialty Programs offers products and services including Fleet Trucking Insurance, Workers' Compensation Insurance, Independent Contractor Insurance, and Loss Prevention & Safety Services. Progressive Fleet and Specialty Programs operates in a competitive market with competitors including National General Insurance, AmTrust Financial, The Hanover Insurance Group, The Hartford and Ambac Financial Group, among others.
- Headquarter Carmel, United States
- Stage Public
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Sectors
Financial Services
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Protective Insurance Company
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Annual Revenue
$371.23 M16as on Dec 31, 2017
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Net Profit
$18.32 M-37as on Dec 31, 2017
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EBITDA
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Latest Funding Round
- Investors
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Employee Count
Employee Count
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Acquired by
Progressive Insurance
(Feb 16, 2021)
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Products & Services of Progressive Fleet and Specialty Programs
Progressive Fleet and Specialty Programs offers a comprehensive portfolio of products and services, including Fleet Trucking Insurance, Workers' Compensation Insurance, Independent Contractor Insurance, and Loss Prevention & Safety Services. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Insurance coverage is provided for fleet trucking operations.
Coverage is offered for workers' compensation in transportation.
Insurance solutions are tailored for independent contractor needs.
Safety programs are designed to reduce business losses.
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Funding Insights of Progressive Fleet and Specialty Programs
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Progressive Fleet and Specialty Programs
Progressive Fleet and Specialty Programs has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include Progressive Insurance. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Auto, home, life, health, and business insurance is provided online.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Progressive Fleet and Specialty Programs
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Progressive Fleet and Specialty Programs
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Progressive Fleet And Specialty Programs Comparisons
Competitors of Progressive Fleet and Specialty Programs
Progressive Fleet and Specialty Programs operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as National General Insurance, AmTrust Financial, The Hanover Insurance Group, The Hartford and Ambac Financial Group, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Property and casualty insurance is provided by National General Insurance.
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| domain | founded_year | HQ Location |
Property and casualty insurance company
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| domain | founded_year | HQ Location |
Insurance brokerage services are provided to various clients.
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| domain | founded_year | HQ Location |
Insurance, benefits, and mutual funds are provided in financial services.
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| domain | founded_year | HQ Location |
Diversified investment management services are provided to institutional clients.
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| domain | founded_year | HQ Location |
Property & casualty insurance company
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Progressive Fleet And Specialty Programs
Frequently Asked Questions about Progressive Fleet and Specialty Programs
When was Progressive Fleet and Specialty Programs founded?
Progressive Fleet and Specialty Programs was founded in 1954.
Where is Progressive Fleet and Specialty Programs located?
Progressive Fleet and Specialty Programs is headquartered in Carmel, United States. It is registered at Carmel, California, United States.
Who is the current CEO of Progressive Fleet and Specialty Programs?
Randy Birchfield is the current CEO of Progressive Fleet and Specialty Programs.
What is the annual revenue of Progressive Fleet and Specialty Programs?
Annual revenue of Progressive Fleet and Specialty Programs is $371.23M as on Dec 31, 2017.
What does Progressive Fleet and Specialty Programs do?
Insurance products are offered by Progressive Fleet and Specialty Programs, focusing on the transportation industry. Coverage is provided for fleet trucking, independent contractors, and workers compensation tailored to transportation-focused businesses. A dedicated Loss Prevention Safety Services team supports risk management needs. Operations are licensed across all 50 U.S. states, the District of Columbia, Puerto Rico, and Canadian provinces. Diverse and innovative solutions are backed by decades of experience and financial strength, ensuring comprehensive business protection.
Who are the top competitors of Progressive Fleet and Specialty Programs?
Progressive Fleet and Specialty Programs's top competitors include National General Insurance, AmTrust Financial and First American.
What products or services does Progressive Fleet and Specialty Programs offer?
Progressive Fleet and Specialty Programs offers Fleet Trucking Insurance, Workers' Compensation Insurance, Independent Contractor Insurance, and Loss Prevention & Safety Services.
Who are Progressive Fleet and Specialty Programs's investors?
Progressive Fleet and Specialty Programs has 1 investor. Key investors include Progressive Insurance.
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