Susan Patricia Griffith

President and CEO at Progressive Corp

Board

Since 2016

Age

60 years

Tenure

Joined the company in 1988 and assumed the role of President and CEO in 2016.

Also at Progressive Corp

AJQ

Andrew J. Quigg

Chief Strategy Officer

DMS

David M. Stringer

VP, Chief Legal Officer, and Secretary

John Murphy

Claims President

About

Susan Patricia Griffith has played a pivotal role in shaping the corporate governance and financial integrity of the organization. Her oversight of the certification process for quarterly and annual financial reports, in alignment with regulatory requirements such as the Sarbanes-Oxley Act, underscores her commitment to transparency and accountability.

In her professional journey, she has been instrumental in reinforcing internal control frameworks and managing complex compliance initiatives, including involvement in insider trading arrangements that further enhanced the company’s credibility and oversight practices.

While detailed personal background and educational history are not publicly available, her longstanding tenure and strategic leadership have left a profound impact on the organizational success and financial stability of the company.

$PGR Performance Under Susan Patricia Griffith

Past Roles

Organization	Role	Date Range [N/A]	Details
The Progressive Corporation (PGR)	Chief Human Resource Officer	N/A [N/A]	N/A [N/A]
The Progressive Corporation (PGR)	Claims Group President	N/A [N/A]	Oversaw the entire Claims organization
The Progressive Corporation (PGR)	President of Customer Operations	N/A [N/A]	Managed the contact center (sales and delivery), customer experience, systems experience, and workforce management groups
The Progressive Corporation (PGR)	Personal Lines Chief Operating Officer	N/A [N/A]	Supervised the Personal Lines, Claims, and Customer Relationship Management groups

External Roles

Organization	Role	Date Range [N/A]
FedEx Corporation	Active Directorship	N/A [N/A]

Fixed Compensation

Data from FY 2023

Component Name	Amount	Payment Schedule	Additional Details
Salary	$994,231	Annual	Fixed annual base salary
401(k) Employer Contributions	$12,000	Annual	Maximum annual employer contribution under the 401(k) plan
Perquisites	$205,204	As incurred/Annual	Includes $150,518 for company airplane use, $18,566 for company vehicle use, and $36,120 for regulatory fees & legal expenses
Other Compensation	$750	Upon milestone	Service anniversary award paid for each five-year employment anniversary

Performance Compensation

Data from FY 2023

Performance-Based Insurance Operations Equity Awards

Metric	Value	Details
Performance Metrics	Personal auto & commercial auto growth	Compared to respective markets; must also achieve a combined ratio of 96.0 or better
Target Growth	+2 percentage points above market	Two percentage points above market growth for both lines
Maximum Growth	+3.5 percentage points above market	Three and a half percentage points above market growth
Vesting Range	0% to 250%	Awards vest between 0% and 250% of target units based on performance
Grant Date	March 20, 2023	Fixed grant date for performance awards
Grant Date Fair Value	$9,000,054	Determined on grant date
Additional	8.0x salary at target	Potential range from 0x up to 20.0x her salary depending on performance

Performance-Based Investment Results Equity Awards

Metric	Value	Details
Performance Metric	Fixed-income portfolio FTE total return	Measured over three years (2023–2025) using recurring investment income and net realized/unrealized gains
Performance Factor	0.0x to 2.0x	Based on Progressive’s percentile ranking within a benchmark group
Target RSUs	64,716 RSUs	Target number of restricted stock units granted
Maximum RSUs	158,195 RSUs	Maximum achievable RSUs at a 2.0x performance factor
Grant Date	March 20, 2023	Fixed grant date for the award
Grant Date Fair Value	$9,000,054	As provided for the performance award
Vesting Conditions	>0 performance factor	Awards vest only if the performance factor is above zero and profitability (96.0 combined ratio) is met

Annual Cash Incentive (Gainshare Program)

Metric	Value	Details
Payment Formula	Salary x Target Percentage x Gainshare Factor	Incentive determined by this formula
Target Percentage	2.50x salary	Target set at 2.50 times her salary
Gainshare Factor	1.78 (actual for 2023)	Can vary from 0 to 2.00; historical average is about 1.62
Threshold / Target / Maximum	$0 / $2,485,577 / $4,971,154	Payout ranges: no payout if below threshold; target and maximum values as shown
Payment Timing	Paid in early 2024	Based on 2023 performance

Performance-Based Restricted Stock Unit Awards (PBRSUs)

Metric	Value	Details
Performance Metrics	Growth of personal & commercial auto, 96 combined ratio	Must meet growth and profitability criteria
Vesting Range	0% to 250%	Varies by achievement of performance metrics
Target Units	64,716 units	Target number of RSUs granted
Maximum Units	158,195 units	250% of the target units
Grant Date	March 20, 2023	Set on the grant date
Grant Date Fair Value	$9,000,054	Based on the award’s valuation
Grant Date Stock Price	$139.07	As noted for the RSU calculation
Measurement Period	Jan 1, 2023 to Dec 31, 2025	Performance evaluated over a three-year period
Vesting Date	January 31, 2028	Subject to certification by the Compensation and Talent Committee
Additional	Includes dividend equivalents and an investment-based component of 7,191 units	Investment component vests between 0% and 200% of target

Gainshare Program Overview

Metric	Value	Details
Program Goal	Combined ratio of 96 or better	Supports profitability and high-quality customer service
Target Factor	2.50x salary	Gainshare target is set at 2.50 times the base salary
Actual Gainshare Factor	1.78	Reflects the multiplier applied based on company performance for 2023
Payout Range	Threshold: $0, Target: $2,485,577, Maximum: $4,971,154	Based on performance relative to the set goals

These components collectively form the performance-based compensation for 2023, aligning executive rewards with strategic growth, profitability, and shareholder value.