Who has ownership over Progressive Insurance

Progressive Insurance is primarily owned by institutional investors, who purchased a net of $340.9 thousand shares during the quarter ending June 2019 and now own 85.74% of the total shares outstanding. This is a higher percentage than is typically seen with companies in the property/casualty insurance industry. The top shareholders of Progressive Insurance include The Vanguard Group, Inc, Wellington Management, Co LLP, BlackRock Fund Advisors, SSgA Funds Management Inc, and JP Morgan Investment Management, Inc. Founded in 1937, Progressive Insurance has grown to become one of the largest auto insurers in the United States, reporting revenue of $42.658 billion in 2021 and employing approximately 43,000 people.