John Sauerland will retire as CFO of Progressive on July 3, 2026, succeeded by Andrew Quigg.
Quiver AI Summary
The Progressive Corporation announced that Chief Financial Officer John Sauerland will retire on July 3, 2026, after 35 years with the company, the last 10 as CFO. President and CEO Tricia Griffith expressed gratitude for his leadership and contributions to the company's growth and wished him well in retirement. Andrew Quigg, currently the Chief Strategy Officer, is expected to succeed Sauerland, working closely with him to ensure a smooth transition. Progressive, a leading insurer for personal and commercial vehicles and homes, has been serving customers since 1937 and offers a variety of insurance products and services.
Potential Positives
- John Sauerland's retirement after 35 years highlights the company's stable leadership and commitment to nurturing long-term talent.
- Andrew Quigg's expected promotion to CFO indicates a strong internal succession plan, ensuring continuity in leadership and strategy.
- The sentiment expressed by CEO Tricia Griffith reflects a positive corporate culture, valuing contributions of long-serving employees.
- The press release underscores Progressive's position as a leading insurer, maintaining its reputation and brand strength in a competitive market.
Potential Negatives
- The retirement of CFO John Sauerland, who has been with the company for 35 years and served as CFO for 10 years, may raise concerns about leadership stability and the potential impact on the company’s financial strategies.
- The press release does not provide details on the succession plan or how Andrew Quigg is prepared to assume the CFO role, which could lead to uncertainty among investors regarding the transition and future financial leadership.
- While the company expresses confidence in the ongoing leadership team, the departure of a high-ranking and long-serving executive may create anxiety about organizational changes and potential shifts in company direction.
FAQ
When is John Sauerland retiring from Progressive Corporation?
John Sauerland will retire from Progressive on July 3, 2026.
Who will succeed John Sauerland as CFO?
Andrew Quigg, currently the Chief Strategy Officer, is expected to succeed John Sauerland as CFO.
How long has John Sauerland been with Progressive?
John Sauerland has served Progressive for 35 years, including the last 10 years as CFO.
What is Progressive Corporation known for?
Progressive is known for providing car insurance, home insurance, and various other protection needs.
Where can customers reach Progressive for insurance services?
Customers can reach Progressive online, by phone, via the mobile app, or in-person with a local agent.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$PGR Insider Trading Activity
$PGR insiders have traded $PGR stock on the open market 14 times in the past 6 months. Of those trades, 0 have been purchases and 14 have been sales.
Here’s a breakdown of recent trading of $PGR stock by insiders over the last 6 months:
- SUSAN PATRICIA GRIFFITH (President and CEO) sold 30,659 shares for an estimated $7,543,892
- PATRICK K CALLAHAN (Personal Lines President) has made 0 purchases and 2 sales selling 12,652 shares for an estimated $3,112,789.
- LORI A NIEDERST (CRM President) sold 8,063 shares for an estimated $2,017,201
- STEVEN BROZ (Chief Information Officer) has made 0 purchases and 5 sales selling 6,724 shares for an estimated $1,568,004.
- JOHN P SAUERLAND (VP and Chief Financial Officer) sold 5,000 shares for an estimated $1,142,400
- JOHN JO MURPHY (Claims President) has made 0 purchases and 2 sales selling 4,436 shares for an estimated $1,093,207.
- JONATHAN S. BAUER (Chief Investment Officer) sold 3,105 shares for an estimated $634,506
- ANDREW J QUIGG (Chief Strategy Officer) sold 1,649 shares for an estimated $336,973
To track insider transactions, check out Quiver Quantitative's insider trading dashboard.
$PGR Congressional Stock Trading
Members of Congress have traded $PGR stock 12 times in the past 6 months. Of those trades, 5 have been purchases and 7 have been sales.
Here’s a breakdown of recent trading of $PGR stock by members of Congress over the last 6 months:
- REPRESENTATIVE JULIE JOHNSON has traded it 3 times. They made 0 purchases and 3 sales worth up to $45,000 on 12/18, 11/13, 08/14.
- REPRESENTATIVE DAVID TAYLOR has traded it 2 times. They made 2 purchases worth up to $30,000 on 11/03 and 0 sales.
- SENATOR SHELDON WHITEHOUSE sold up to $50,000 on 10/27.
- REPRESENTATIVE BYRON DONALDS has traded it 5 times. They made 3 purchases worth up to $45,000 on 10/24, 10/09 and 2 sales worth up to $30,000 on 09/04.
- REPRESENTATIVE VAL T. HOYLE sold up to $15,000 on 09/23.
To track congressional stock trading, check out Quiver Quantitative's congressional trading dashboard.
$PGR Hedge Fund Activity
We have seen 778 institutional investors add shares of $PGR stock to their portfolio, and 991 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- CAPITAL INTERNATIONAL INVESTORS added 6,045,732 shares (+78.9%) to their portfolio in Q3 2025, for an estimated $1,492,993,517
- UBS AM, A DISTINCT BUSINESS UNIT OF UBS ASSET MANAGEMENT AMERICAS LLC added 4,519,691 shares (+62.8%) to their portfolio in Q3 2025, for an estimated $1,116,137,692
- JENNISON ASSOCIATES LLC removed 3,170,427 shares (-98.3%) from their portfolio in Q3 2025, for an estimated $782,936,947
- JPMORGAN CHASE & CO added 2,967,434 shares (+19.3%) to their portfolio in Q3 2025, for an estimated $732,807,826
- PRINCIPAL FINANCIAL GROUP INC removed 2,618,667 shares (-74.9%) from their portfolio in Q3 2025, for an estimated $646,679,815
- CAPITAL RESEARCH GLOBAL INVESTORS added 2,314,864 shares (+26.1%) to their portfolio in Q3 2025, for an estimated $571,655,664
- FMR LLC removed 2,281,709 shares (-15.8%) from their portfolio in Q3 2025, for an estimated $563,468,037
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
$PGR Analyst Ratings
Wall Street analysts have issued reports on $PGR in the last several months. We have seen 4 firms issue buy ratings on the stock, and 1 firms issue sell ratings.
Here are some recent analyst ratings:
- Barclays issued a "Overweight" rating on 01/08/2026
- B of A Securities issued a "Buy" rating on 11/19/2025
- Morgan Stanley issued a "Underweight" rating on 10/20/2025
- Raymond James issued a "Outperform" rating on 10/17/2025
- Jefferies issued a "Buy" rating on 08/11/2025
To track analyst ratings and price targets for $PGR, check out Quiver Quantitative's $PGR forecast page.
$PGR Price Targets
Multiple analysts have issued price targets for $PGR recently. We have seen 15 analysts offer price targets for $PGR in the last 6 months, with a median target of $252.0.
Here are some recent targets:
- Michael Zaremski from BMO Capital set a target price of $239.0 on 01/15/2026
- Elyse Greenspan from Wells Fargo set a target price of $240.0 on 01/13/2026
- Alex Scott from Barclays set a target price of $265.0 on 01/08/2026
- David Motemaden from Evercore ISI Group set a target price of $237.0 on 01/07/2026
- Jimmy Bhullar from JP Morgan set a target price of $275.0 on 01/07/2026
- Meyer Shields from Keefe, Bruyette & Woods set a target price of $252.0 on 01/06/2026
- Yaron Kinar from Mizuho set a target price of $242.0 on 12/16/2025
Full Release
MAYFIELD VILLAGE, OHIO, Jan. 28, 2026 (GLOBE NEWSWIRE) -- The Progressive Corporation (NYSE:PGR) announced that John Sauerland, the Company’s Chief Financial Officer (CFO), will retire from Progressive on July 3, 2026.
“We are so grateful to John for his 35 years of service to Progressive, including the last 10 as our CFO,” said Tricia Griffith, President and CEO of Progressive. “John’s thoughtful leadership and dedication to Progressive throughout his career have been instrumental to our growth and success. We will miss John, but I am delighted for him as he looks ahead, and we wish him and his entire family all the best.”
The Company also announced that Andrew Quigg, currently Progressive’s Chief Strategy Officer, is expected to succeed Mr. Sauerland as CFO when Mr. Sauerland retires. Until that time, Mr. Quigg will work closely with Mr. Sauerland to prepare to assume the CFO’s responsibilities.
“Progressive has a wealth of tenured leaders, and I am confident that John and Andrew will work well together toward the goal of ensuring a seamless transition and continuity for the company,” added Mrs. Griffith.
About Progressive
Progressive Insurance
®
makes it easy to understand, buy and use
car insurance
,
home insurance
, and other protection needs. Progressive offers choices so consumers can reach us however it’s most convenient for them — online at
progressive.com
, by phone at 1-800-PROGRESSIVE, via the Progressive mobile app, or in-person with a local agent.
Progressive provides insurance for personal and commercial autos and trucks, motorcycles, boats, recreational vehicles, and homes; it is the second largest personal auto insurer in the country, a leading seller of commercial auto, motorcycle , and boat insurance, and one of the top 15 homeowners insurance carriers.
Founded in 1937, Progressive continues its long history of offering shopping tools and services that save customers time and money, like Name Your Price ® , Snapshot ® , and HomeQuote Explorer ® .
The Common Shares of The Progressive Corporation, the Mayfield Village, Ohio-based holding company, trade publicly at NYSE: PGR.
Company Contact:
Douglas S. Constantine
(440) 395-3707
[email protected]
The Progressive Corporation
300 North Commons Blvd.
Mayfield Village, Ohio 44143
http://www.progressive.com
