Thursday, September 26, 2019

Mayfield Village, Ohio-Based Insurance Company Progressive Corp's Top-Tier Executives Average Annual Pay and Employee Benefits Increase Was a Very Clean, Robust 12.1% Per Year During the Past Ten Years

From annual compensation information contained in Company Proxy Statement filings with the US SEC, the chart below shows Progressive Corp's Top-Tier Executives Annual Total Compensation for each of two consecutive full years of employment for the past ten years.


FYE FYE FYE FYE FYE FYE FYE FYE FYE FYE
Dec Dec Dec Dec Dec Dec Dec Dec Dec Dec
Progressive Corp 2018 2017 2017 2016 2016 2015 2015 2014 2014 2013
Top-Tier Total Total Total Total Total Total Total Total Total Total
Executive Comp Comp Comp Comp Comp Comp Comp Comp Comp Comp
$ 000s $ 000s $ 000s $ 000s $ 000s $ 000s $ 000s $ 000s $ 000s $ 000s
Susan Griffith CEO        14,173                   9,274           9,274           6,864           6,864           5,122           5,122           2,773           2,773           2,522
John Sauerland CFO           7,135                   3,701           3,701           3,350           3,350           5,122           5,122           2,773           2,773           2,522
William Cody Chief Investment Officer           2,804                   2,714           2,714           2,604           2,604           2,504           2,504           2,009           2,009           2,254
John Barbagallo Commercial Lines Pres           2,511                   2,378           2,378           2,272           2,272           2,167           2,167           1,950    
Jeffrey Charny Chief Marketing Officer           2,414                   2,353           2,353           2,249           2,249           2,168           2,168           1,976    
John Auer Pres and COO, ARX Holding           2,460               487               487           3,153    
Glenn Renwick Exec Chair Former CEO           9,793        10,144        10,144           9,842           9,842           9,785
Brian Domeck Former CFO  N/A   N/A            2,907           2,703
Charles Jarrett Chief Legal Officer           2,110           1,913
 Totals      29,037           20,420     22,880     17,826     27,619     30,380     27,227     21,323     22,414     21,699
Annual % Change vs Prior Year 42.2% 28.4% -9.1% 27.7% 3.3%
5 Year Average Per Year % Change 18.5%
FYE FYE FYE FYE FYE FYE FYE FYE FYE FYE
Dec Dec Dec Dec Dec Dec Dec Dec Dec Dec
Progressive Corp 2013 2012 2012 2011 2011 2010 2010 2009 2009 2008
Top-Tier Total Total Total Total Total Total Total Total Total Total
Executive Comp Comp Comp Comp Comp Comp Comp Comp Comp Comp
$ 000s $ 000s $ 000s $ 000s $ 000s $ 000s $ 000s $ 000s $ 000s $ 000s
Susan Griffith CEO           2,522                   2,299           2,299           2,173           2,173           2,235           2,235           1,536           1,536           1,458
John Sauerland CFO           2,522                   2,299           2,299           2,173           2,173           2,236           2,236           1,536           1,536           1,478
William Cody Chief Investment Officer           2,254                   1,886           1,886           1,742           1,742           1,762               1,201           1,103
Glenn Renwick Exec Chair Former CEO           9,785                   9,651           9,651           9,616           9,616           9,606           9,606           9,128           9,128           9,315
Brian Domeck Former CFO           2,703                   2,470           2,470           2,290           2,290           2,089           2,089           1,555           1,555           1,470
Charles Jarrett Chief Legal Officer           1,913                   1,868               1,939           1,533           1,533           1,592
 Totals      21,699           20,473     18,605     17,994     17,994     17,928     18,105     15,288     16,489     16,416
Annual % Change vs Prior Year 6.0% 3.4% 0.4% 18.4% 0.4%
5 Year Average Per Year % Change 5.7%
10 Year Average Per Year % Change 12.1%