ProxyMiner / Company

PROGRESSIVE CORP/OH/PGR

Latest proxy: 2026 · view on SEC ↗ · CIK 0000080661

CEO total pay

$17,705,924

Susan Patricia Griffith · 2025

Say on pay

Not disclosed

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CEO pay ratio

Not in CD&A

Item 402(u) section may live outside the CD&A

Compensation committee

CD&A

Compensation and Talent Committee

Per the latest proxy

Filings indexed: 2 · 2026 · 2025

Executive pay

What did they pay them?

From the Summary Compensation Table. Pay mix and YoY are computed from these rows.

ExecutiveRoleTotalYoYPay mixSalaryStockCash incentiveOther
Susan Patricia Griffith2025 compensation
President and Chief Executive Officer
$17,705,924↑ 8%
93% at-risk
$1,094,231$11,000,278$5,443,799$167,616
John P. Sauerland2025 compensation
Vice President and Chief Financial Officer
$6,183,317↑ 13%
87% at-risk
$770,385$3,100,584$2,299,598$12,750
Patrick K. Callahan2025 compensation
Named executive officer
$5,417,498↑ 7%
87% at-risk
$697,692$2,625,194$2,082,612$12,000
Karen B. Bailo2025 compensation
Named executive officer
$4,040,569↑ 10%
83% at-risk
$670,962$1,687,840$1,669,017$12,750
John Murphy2025 compensation
Claims President
$3,462,301↑ 8%
82% at-risk
$627,115$1,575,226$1,247,960$12,000

Pay mix: base cash incentive equity other

CD&A excerpt

Compensation discussion & analysis

Opening passage of the loaded filing's CD&A. Use Ask below to query the full text with citations.

OVERVIEW Our Vision is to become consumers’, agents’, and business owners’ number one destination for insurance and other financial needs. We believe that our Core Values, including our Profit Core Value, build the foundation that drives every decision we make and influences how we treat others. Accordingly, these values are deeply rooted in the minds and actions of our executive officers.We structure our executive compensation program to support our Vision and our long-term profitability target, providing strong alignment between pay and performance. We generally provide our executives with base salaries near or below the market median and a significant percentage of total compensation in the form of performance-based equity awards. The performance-based equity awards provide upside potential when we outperform challenging pre-established and objective measures that correlate to shareholder value. We believe these awards support a strong pay-for-performance linkage and further align the interests of our executives with those of our shareholders.Our goal is to grow as fast as we can at a 96 or better combined ratio during each calendar year while continuing to deliver high-quality …

Read the full CD&A on SEC.gov ↗

Governance

Policy guardrails

  • hedging

    COMPENSATION DISCUSSION AND ANALYSIS OVERVIEW Our Vision is to become consumers’, agents’, and business owners’ number one destination for insurance and other financial needs. We believe that our Core Values, including our Profit Core Value, build the foundation that drives every

    “COMPENSATION DISCUSSION AND ANALYSIS OVERVIEW Our Vision is to become consumers’, agents’, and business owners’ number one destination for insurance and other financial needs. We believe that our Core Values, including o…”

  • pledging

    COMPENSATION DISCUSSION AND ANALYSIS OVERVIEW Our Vision is to become consumers’, agents’, and business owners’ number one destination for insurance and other financial needs. We believe that our Core Values, including our Profit Core Value, build the foundation that drives every

    “COMPENSATION DISCUSSION AND ANALYSIS OVERVIEW Our Vision is to become consumers’, agents’, and business owners’ number one destination for insurance and other financial needs. We believe that our Core Values, including o…”

  • clawback

    present

    “clawback policy in accordance with applicable SEC and NYSE rules (the “Dodd-Frank Clawback Policy”)”

  • stock ownership guidelines

    present

    “Equity Ownership Guidelines for ExecutivesOur Corporate Governance Guidelines (Guidelines) provide equity ownership expectations for our CEO and NEOs.Within five years after becoming our CEO and at all times while servin…”

  • change in control

    Each of these programs is discussed in more detail under “Executive Compensation – Potential Payments Upon Termination or Change in Control.”

    “Each of these programs is discussed in more detail under “Executive Compensation – Potential Payments Upon Termination or Change in Control.””

  • compensation consultant

    For annual compensation decisions, the following executive compensation survey data and statistical analyses, provided by management’s compensation consultant, Pay Governance LLC, were used for Mrs

    “For annual compensation decisions, the following executive compensation survey data and statistical analyses, provided by management’s compensation consultant, Pay Governance LLC, were used for Mrs”

  • compensation committee

    Compensation and Talent Committee

    “During 2025, the Compensation and Talent Committee (referred to in this Compensation Discussion and Analysis as the “committee”) of the Board of Directors reviewed these results with management”

Performance markers

Metric facts

  • revenue

    $27.3 billion

    “our executive talent. We included companies with comparable total revenues, rather than total assets, due to significant asset size differences between insurance companies writing different types of insurance products. F…”

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