The Progressive Corporation has announced that its chief financial officer (CFO), John Sauerland, will retire on 3 July 2026.

The company has named Andrew Quigg, who has been serving as chief strategy officer (CSO) since 2018, as the intended successor.

He will collaborate with Sauerland to support his transition to the CFO role, the insurer noted.

Sauerland joined Progressive in 1990 as a summer intern before starting full-time in 1991. 

His tenure included roles as a Midwest claims general manager, president of Direct business in 2006, and an eight-year stint as president of Personal Lines following the combination of Agency and Direct businesses.  

He was appointed as the CFO in April 2015. 

Progressive president and CEO Tricia Griffith said: “We are so grateful to John for his 35 years of service to Progressive, including the last ten as our CFO. 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.”

Griffith added: “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.”

Progressive offers coverage for homes and vehicles, including personal and commercial autos, motorcycles, boats and recreational vehicles.

The company, headquartered in Mayfield Village, Ohio, US, is listed on the New York Stock Exchange.

In 2025, Progressive reported net income of $1.15bn, an increase from $942m in 2024. Net premiums written for the year rose by 6% to $6.31bn from $5.96bn the prior year.