COVID Stimulus Watch Individual Entry

Recipient Company:
Loan or Loan Guarantee Amount:

Recipient Details

Ownership Structure: publicly traded (ticker symbol PGR)

Award Details

Award Date: Jul 10, 2020
Award Type: loan
Award Details: Amount represents the purchase price of company bonds bought by the Fed.
Program Name: Secondary Market Corporate Credit Facility
Legislation: CARES
Awarding Agency: Federal Reserve
Data Source for Award:

Parent Company Data

Parent Company: Progressive
Headquartered in: Ohio
Parent Sector: financial services
Parent Industry: insurance
Employees (prior to pandemic): 41,571

Accountability Issues Since 2010

Employment icon
Employment-related Penalties: $46,000
Contracting icon
Government-contracting-related Penalties: $2,000,000
Environment icon
Environmental / Healthcare / Safety Penalties: $73,000
ConsumerProt icon
Consumer Protection / Financial / Competition-related Penalties: $17,786,673
CEOpay icon
Ratio of CEO Pay to that of Median Worker: 212 to 1
CEO Compensation: $14,041,272
Worker Median Pay: $66,285
Tax icon
Total Federal, State, and Local Subsidies: $34,148,214
Federal Corporate Income Tax Rate: 21.3%
Subsidy Tracker
Violation Tracker

Details on Accountability data sources