Susan Patricia (Tricia) Griffith is the CEO of Progressive Corporation and has held this role since 2016. A veteran of the insurance industry, she joined Progressive in 1988 and has served in various leadership positions, including President of Customer Operations...

Current Market Cap

$148.93B

Number of Employees

61.4K

Total Compensation

2019 - 2023

Trending up by 45.56% last year
Showing total compensation for the last 2019 - 2023

Stock

Up by 42.80% last year

Salary

Up by 4.66% last year

Bonus

Up by 116.61% last year

Other

Down by -14.90% last year

Year

2023

Total Compensation

$52.47M

Salary

$994.23K

Board Justification

The compensation philosophy emphasizes competitive pay with a significant performance-based component to align executive interests with shareholder value.

Bonus

$4.42M

Board Justification

The bonus is based on the company's performance under the Gainshare program, which measures growth and profitability, and was paid in early 2024 based on 2023 performance.

Other

$217.95K

Board Justification

Other compensation includes 401(k) contributions and perquisites such as personal use of company aircraft and vehicle.

Restricted Stock

$46.83M(299.43K RSU)

Board Justification

The vested stock consists of performance-based and time-based restricted stock units that vested in 2023, reflecting the company's strong performance relative to established goals.

Performance Metrics

The performance metrics for determining the CEO's compensation include the company's growth in policies in force, profitability as measured by the combined ratio, and performance relative to market benchmarks.

SEC Filing

From March 25, 2024

Susan Patricia (Tricia) Griffith

CEO of Progressive

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Education

Bachelor's degree from Illinois State University

Field of Expertise

Finance & Banking - Insurance

Born

October 1, 1964 - 60 years ago

Is Founder?

No

Current Tenure

8 years 3 months (Jul 2016 - Present)

Previous Experience

Personal Lines Chief Operating Officer at Progressive Corporation

View Holdings

Insider Holdings of Susan Patricia (Tricia) Griffith

FDXPGR

$145.75M

$38.67M (36.12%)

Last Insider Trade

PGR

5,000 shares

PGR

Sep 3, 2024

Charity