{"product_id":"pgr-business-model-canvas","title":"The Progressive Corporation (PGR): Business Model Canvas [June-2026 Updated]","description":"\u003cp\u003eThis ready-made Business Model Canvas for The Progressive Corporation gives you a clear, research-based view of how the business makes money, serves customers, and manages risk. You will see how it uses \u003cstrong\u003e14 billion-plus miles\u003c\/strong\u003e of driving data, a \u003cstrong\u003e70,000-employee\u003c\/strong\u003e workforce, and a \u003cstrong\u003e$97.4 billion\u003c\/strong\u003e investment portfolio to support auto and property underwriting, digital acquisition, claims handling, and AI-driven pricing. It also breaks down key partnerships, customer segments, channels, cost drivers, and revenue streams, so you can quickly use it for coursework, case studies, presentations, or business analysis.\u003c\/p\u003e\u003ch2\u003eThe Progressive Corporation - Canvas Business Model: Key Partnerships\u003c\/h2\u003e\n\u003cp\u003e\u003cstrong\u003e2\u003c\/strong\u003e distribution channels: direct and independent agency.\u003c\/p\u003e\n\u003ctable\u003e\n\u003ctr\u003e\n\u003ctd\u003ePartnership area\u003c\/td\u003e\n\u003ctd\u003eNumber\u003c\/td\u003e\n\u003ctd\u003eAmount\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eIndependent agency network\u003c\/td\u003e\n\u003ctd\u003e\n\u003cstrong\u003e1\u003c\/strong\u003e of \u003cstrong\u003e2\u003c\/strong\u003e channels\u003c\/td\u003e\n\u003ctd\u003e\n\u003cstrong\u003e0\u003c\/strong\u003e disclosed contract value\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eReinsurers and catastrophe excess-of-loss partners\u003c\/td\u003e\n\u003ctd\u003e\n\u003cstrong\u003e1\u003c\/strong\u003e catastrophe reinsurance program\u003c\/td\u003e\n\u003ctd\u003e\n\u003cstrong\u003e0\u003c\/strong\u003e disclosed contract value\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eH2O.ai and Microsoft Azure AI\u003c\/td\u003e\n\u003ctd\u003e\n\u003cstrong\u003e0\u003c\/strong\u003e disclosed contract value\u003c\/td\u003e\n\u003ctd\u003e\u003cstrong\u003e0\u003c\/strong\u003e\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eBest Egg customer-finance partner\u003c\/td\u003e\n\u003ctd\u003e\n\u003cstrong\u003e0\u003c\/strong\u003e disclosed contract value\u003c\/td\u003e\n\u003ctd\u003e\u003cstrong\u003e0\u003c\/strong\u003e\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eHumble Design and community partners\u003c\/td\u003e\n\u003ctd\u003e\n\u003cstrong\u003e0\u003c\/strong\u003e disclosed contract value\u003c\/td\u003e\n\u003ctd\u003e\u003cstrong\u003e0\u003c\/strong\u003e\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003c\/table\u003e\n\u003cul\u003e\n\u003cli\u003eIndependent agency network: \u003cstrong\u003e1\u003c\/strong\u003e of \u003cstrong\u003e2\u003c\/strong\u003e channels\u003c\/li\u003e\n\u003cli\u003eDirect channel: \u003cstrong\u003e1\u003c\/strong\u003e of \u003cstrong\u003e2\u003c\/strong\u003e channels\u003c\/li\u003e\n\u003cli\u003eReinsurance protection: \u003cstrong\u003e1\u003c\/strong\u003e catastrophe excess-of-loss program\u003c\/li\u003e\n\u003cli\u003eH2O.ai and Microsoft Azure AI: \u003cstrong\u003e0\u003c\/strong\u003e disclosed dollar amount\u003c\/li\u003e\n\u003cli\u003eBest Egg customer-finance partner: \u003cstrong\u003e0\u003c\/strong\u003e disclosed dollar amount\u003c\/li\u003e\n\u003cli\u003eHumble Design and community partners: \u003cstrong\u003e0\u003c\/strong\u003e disclosed dollar amount\u003c\/li\u003e\n\u003c\/ul\u003e\u003ch2\u003eThe Progressive Corporation - Canvas Business Model: Key Activities\u003c\/h2\u003e\n\u003cp\u003e\u003cstrong\u003e3\u003c\/strong\u003e reportable segments, \u003cstrong\u003e2\u003c\/strong\u003e distribution channels, \u003cstrong\u003e50\u003c\/strong\u003e states, \u003cstrong\u003e1\u003c\/strong\u003e District of Columbia, \u003cstrong\u003e1937\u003c\/strong\u003e, \u003cstrong\u003e1997\u003c\/strong\u003e, \u003cstrong\u003e2008\u003c\/strong\u003e, \u003cstrong\u003e24\/7\u003c\/strong\u003e.\u003c\/p\u003e\n\n\u003ctable\u003e\n\u003ctr\u003e\n\u003ctd\u003e\u003cstrong\u003eAuto and property underwriting\u003c\/strong\u003e\u003c\/td\u003e\n\u003ctd\u003e\n\u003cstrong\u003e3\u003c\/strong\u003e; \u003cstrong\u003e2\u003c\/strong\u003e; \u003cstrong\u003e50\u003c\/strong\u003e; \u003cstrong\u003e1\u003c\/strong\u003e; \u003cstrong\u003e1937\u003c\/strong\u003e\n\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003e\u003cstrong\u003eRisk-based pricing and segmentation\u003c\/strong\u003e\u003c\/td\u003e\n\u003ctd\u003e\n\u003cstrong\u003e1997\u003c\/strong\u003e; \u003cstrong\u003e2008\u003c\/strong\u003e; \u003cstrong\u003e2\u003c\/strong\u003e\n\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003e\u003cstrong\u003eClaims handling and loss management\u003c\/strong\u003e\u003c\/td\u003e\n\u003ctd\u003e\u003cstrong\u003e24\/7\u003c\/strong\u003e\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003e\u003cstrong\u003eDigital marketing and customer acquisition\u003c\/strong\u003e\u003c\/td\u003e\n\u003ctd\u003e\n\u003cstrong\u003e2\u003c\/strong\u003e; \u003cstrong\u003e1997\u003c\/strong\u003e; \u003cstrong\u003e2008\u003c\/strong\u003e\n\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003e\u003cstrong\u003eProduct development and AI analytics\u003c\/strong\u003e\u003c\/td\u003e\n\u003ctd\u003e\n\u003cstrong\u003e3\u003c\/strong\u003e; \u003cstrong\u003e2\u003c\/strong\u003e; \u003cstrong\u003e2008\u003c\/strong\u003e\n\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003c\/table\u003e\n\n\u003cul\u003e\n\u003cli\u003e\n\u003cstrong\u003e3\u003c\/strong\u003e segments: Personal Lines, Commercial Lines, Property\u003c\/li\u003e\n\u003cli\u003e\n\u003cstrong\u003e2\u003c\/strong\u003e channels: direct, agency\u003c\/li\u003e\n\u003cli\u003e\n\u003cstrong\u003e50\u003c\/strong\u003e states and Washington, D.C.\u003c\/li\u003e\n\u003cli\u003e\n\u003cstrong\u003e1937\u003c\/strong\u003e founding year\u003c\/li\u003e\n\u003cli\u003e\n\u003cstrong\u003e1997\u003c\/strong\u003e Name Your Price Tool\u003c\/li\u003e\n\u003cli\u003e\n\u003cstrong\u003e2008\u003c\/strong\u003e Snapshot\u003c\/li\u003e\n\u003cli\u003e\n\u003cstrong\u003e24\/7\u003c\/strong\u003e claims reporting\u003c\/li\u003e\n\u003c\/ul\u003e\n\n\u003cp\u003e\u003cstrong\u003eAuto and property underwriting\u003c\/strong\u003e: \u003cstrong\u003e3\u003c\/strong\u003e segments; \u003cstrong\u003e2\u003c\/strong\u003e channels; \u003cstrong\u003e50\u003c\/strong\u003e states; \u003cstrong\u003e1\u003c\/strong\u003e District of Columbia.\u003c\/p\u003e\n\u003cp\u003e\u003cstrong\u003eRisk-based pricing and segmentation\u003c\/strong\u003e: \u003cstrong\u003e1997\u003c\/strong\u003e; \u003cstrong\u003e2008\u003c\/strong\u003e; \u003cstrong\u003e2\u003c\/strong\u003e channels.\u003c\/p\u003e\n\u003cp\u003e\u003cstrong\u003eClaims handling and loss management\u003c\/strong\u003e: \u003cstrong\u003e24\/7\u003c\/strong\u003e.\u003c\/p\u003e\n\u003cp\u003e\u003cstrong\u003eDigital marketing and customer acquisition\u003c\/strong\u003e: \u003cstrong\u003e2\u003c\/strong\u003e channels; \u003cstrong\u003e1997\u003c\/strong\u003e; \u003cstrong\u003e2008\u003c\/strong\u003e.\u003c\/p\u003e\n\u003cp\u003e\u003cstrong\u003eProduct development and AI analytics\u003c\/strong\u003e: \u003cstrong\u003e3\u003c\/strong\u003e segments; \u003cstrong\u003e2\u003c\/strong\u003e channels; \u003cstrong\u003e2008\u003c\/strong\u003e.\u003c\/p\u003e\n\u003ch2\u003eThe Progressive Corporation - Canvas Business Model: Key Resources\u003c\/h2\u003e\n\u003cp\u003e\u003cstrong\u003e14,000,000,000+\u003c\/strong\u003e miles of driving data; \u003cstrong\u003e70,000\u003c\/strong\u003e employees; \u003cstrong\u003e$97.4 billion\u003c\/strong\u003e investment portfolio; \u003cstrong\u003e51\u003c\/strong\u003e licensed jurisdictions.\u003c\/p\u003e\n\n\u003ctable\u003e\n\u003ctr\u003e\n\u003cth\u003eKey resource\u003c\/th\u003e\n\u003cth\u003eLatest figure\u003c\/th\u003e\n\u003cth\u003eBusiness-model role\u003c\/th\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eDriving data\u003c\/td\u003e\n\u003ctd\u003e\n\u003cstrong\u003e14,000,000,000+\u003c\/strong\u003e miles\u003c\/td\u003e\n\u003ctd\u003ePricing\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eWorkforce\u003c\/td\u003e\n\u003ctd\u003e\u003cstrong\u003e70,000\u003c\/strong\u003e\u003c\/td\u003e\n\u003ctd\u003eClaims, underwriting, sales, service\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eInvestment portfolio\u003c\/td\u003e\n\u003ctd\u003e\u003cstrong\u003e$97.4 billion\u003c\/strong\u003e\u003c\/td\u003e\n\u003ctd\u003eInvestment income\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eInsurance licenses\u003c\/td\u003e\n\u003ctd\u003e\u003cstrong\u003e51\u003c\/strong\u003e\u003c\/td\u003e\n\u003ctd\u003eMarket access\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003c\/table\u003e\n\n\u003cul\u003e\n\u003cli\u003e\n\u003cstrong\u003e14,000,000,000+\u003c\/strong\u003e miles\u003c\/li\u003e\n\u003cli\u003e\n\u003cstrong\u003e70,000\u003c\/strong\u003e employees\u003c\/li\u003e\n\u003cli\u003e\n\u003cstrong\u003e$97.4 billion\u003c\/strong\u003e investment portfolio\u003c\/li\u003e\n\u003cli\u003e\n\u003cstrong\u003e51\u003c\/strong\u003e licensed jurisdictions\u003c\/li\u003e\n\u003c\/ul\u003e\n\n\u003cp\u003eBrand and marketing assets.\u003c\/p\u003e\n\u003cp\u003eSurplus capital.\u003c\/p\u003e\u003ch2\u003eThe Progressive Corporation - Canvas Business Model: Value Propositions\u003c\/h2\u003e\n\u003cp\u003eProgressive's value proposition is built on scale, speed, and pricing discipline. In \u003cstrong\u003e2024\u003c\/strong\u003e, it wrote more than \u003cstrong\u003e$75 billion\u003c\/strong\u003e of net premiums and posted an \u003cstrong\u003e88.8%\u003c\/strong\u003e combined ratio, which means it spent \u003cstrong\u003e$0.888\u003c\/strong\u003e on claims and expenses for every \u003cstrong\u003e$1.00\u003c\/strong\u003e of premium earned.\u003c\/p\u003e\n\n\u003ctable\u003e\n\u003ctr\u003e\n\u003cth\u003eValue proposition\u003c\/th\u003e\n\u003cth\u003eReal-life number\u003c\/th\u003e\n\u003cth\u003eBusiness effect\u003c\/th\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eCompetitive auto insurance pricing\u003c\/td\u003e\n\u003ctd\u003e\n\u003cstrong\u003e2024\u003c\/strong\u003e; more than \u003cstrong\u003e$75 billion\u003c\/strong\u003e net premiums written; \u003cstrong\u003e88.8%\u003c\/strong\u003e combined ratio\u003c\/td\u003e\n\u003ctd\u003eLarge premium volume supports pricing discipline and cost spread\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eFast quotes across digital and agency channels\u003c\/td\u003e\n\u003ctd\u003e\n\u003cstrong\u003e3\u003c\/strong\u003e channels; about \u003cstrong\u003e5\u003c\/strong\u003e minutes for a quote\u003c\/td\u003e\n\u003ctd\u003eLower friction increases quote completion and bind rates\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003ePersonalized, data-driven coverage rates\u003c\/td\u003e\n\u003ctd\u003eBusiness across \u003cstrong\u003e50\u003c\/strong\u003e states and the \u003cstrong\u003eDistrict of Columbia\u003c\/strong\u003e\n\u003c\/td\u003e\n\u003ctd\u003eBroader data improves risk segmentation and rate accuracy\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eBundled auto and property offerings\u003c\/td\u003e\n\u003ctd\u003e\n\u003cstrong\u003e2\u003c\/strong\u003e product families\u003c\/td\u003e\n\u003ctd\u003eMore than one policy per household can raise retention and premium per customer\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eCommercial auto for small businesses\u003c\/td\u003e\n\u003ctd\u003e\n\u003cstrong\u003e1\u003c\/strong\u003e business account can cover \u003cstrong\u003e1\u003c\/strong\u003e vehicle or a fleet\u003c\/td\u003e\n\u003ctd\u003eOpens recurring premium from business customers with vehicle needs\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003c\/table\u003e\n\n\u003cp\u003e\u003cstrong\u003eCompetitive auto insurance pricing\u003c\/strong\u003e is the core of Progressive's offer. The company's scale in \u003cstrong\u003e50\u003c\/strong\u003e states and the \u003cstrong\u003eDistrict of Columbia\u003c\/strong\u003e gives it a wide base of drivers, vehicles, and claims histories to price from. With more than \u003cstrong\u003e$75 billion\u003c\/strong\u003e of net premiums written in \u003cstrong\u003e2024\u003c\/strong\u003e, Progressive has enough volume to spread fixed costs across a very large book of business. That matters because auto insurance is a price-sensitive product. A difference of even a few dollars can change which carrier a customer chooses.\u003c\/p\u003e\n\n\u003cp\u003e\u003cstrong\u003eFast quotes across digital and agency channels\u003c\/strong\u003e are part of the customer value. Progressive sells through \u003cstrong\u003e3\u003c\/strong\u003e channels: direct, independent agency, and commercial. Its consumer quoting experience is marketed as taking about \u003cstrong\u003e5\u003c\/strong\u003e minutes, which reduces the time cost of shopping. In insurance, speed matters because buyers often compare several carriers in the same session. A shorter quote process makes it easier for customers to compare rates, finish the application, and bind coverage without delay.\u003c\/p\u003e\n\n\u003cp\u003e\u003cstrong\u003ePersonalized, data-driven coverage rates\u003c\/strong\u003e are a central product feature. Progressive prices policies using customer and vehicle data rather than one broad rate for everyone. The company's footprint across \u003cstrong\u003e50\u003c\/strong\u003e states and the \u003cstrong\u003eDistrict of Columbia\u003c\/strong\u003e gives it a large pool of experience to refine pricing by driver profile, vehicle use, location, and coverage choice. That matters because risk is not the same for every customer. A better match between price and expected claims can improve conversion, reduce underpricing, and support underwriting profit.\u003c\/p\u003e\n\n\u003cp\u003e\u003cstrong\u003eBundled auto and property offerings\u003c\/strong\u003e give customers more than one policy in a single relationship. The bundle sits around \u003cstrong\u003e2\u003c\/strong\u003e main product families: auto and property. Property coverage can include homeowners, renters, and condo insurance. Bundling matters because a household with \u003cstrong\u003e2\u003c\/strong\u003e policies is usually less likely to switch after one renewal. It can also lift premium per customer, spread customer acquisition cost across more than one policy, and give the company more of the household's insurance wallet.\u003c\/p\u003e\n\n\u003cp\u003e\u003cstrong\u003eCommercial auto for small businesses\u003c\/strong\u003e extends the same insurance logic to business users. A small business can start with \u003cstrong\u003e1\u003c\/strong\u003e vehicle or grow into a fleet, which makes the account scalable over time. This proposition matters because business vehicle use creates recurring insurance demand tied to operations, not a one-time purchase. It also broadens Progressive's premium base beyond personal drivers and gives the company another line where pricing, renewal, and cross-sell can drive long-term revenue.\u003c\/p\u003e\n\n\u003cul class=\"lst_crct\"\u003e\n\u003cli\u003e\n\u003cstrong\u003e88.8%\u003c\/strong\u003e combined ratio in \u003cstrong\u003e2024\u003c\/strong\u003e shows underwriting discipline, not just premium growth.\u003c\/li\u003e\n\u003cli\u003e\n\u003cstrong\u003e$0.888\u003c\/strong\u003e of claims and expenses per \u003cstrong\u003e$1.00\u003c\/strong\u003e of premium earned shows how the company turns pricing into profit.\u003c\/li\u003e\n\u003cli\u003e\n\u003cstrong\u003e3\u003c\/strong\u003e distribution channels reduce customer friction and support faster quote completion.\u003c\/li\u003e\n\u003cli\u003e\n\u003cstrong\u003e5\u003c\/strong\u003e minute quoting is a direct response to comparison shopping in auto insurance.\u003c\/li\u003e\n\u003cli\u003e\n\u003cstrong\u003e2\u003c\/strong\u003e linked product families support bundling and higher retention.\u003c\/li\u003e\n\u003cli\u003e\n\u003cstrong\u003e50\u003c\/strong\u003e states and the \u003cstrong\u003eDistrict of Columbia\u003c\/strong\u003e give Progressive a broad dataset for rate setting.\u003c\/li\u003e\n\u003c\/ul\u003e\u003ch2\u003eThe Progressive Corporation - Canvas Business Model: Customer Relationships\u003c\/h2\u003e\n\u003cp\u003eThe Progressive Corporation builds customer relationships around low-friction digital service, agent support, and data-based pricing. That model has to work at scale because the company wrote \u003cstrong\u003e$61.6 billion\u003c\/strong\u003e in net premiums in 2023 and reported a \u003cstrong\u003e88.0\u003c\/strong\u003e combined ratio, so service quality and pricing accuracy both affect retention and profit.\u003c\/p\u003e\n\n\u003ctable\u003e\n\u003ctr\u003e\n\u003ctd\u003eMetric\u003c\/td\u003e\n\u003ctd\u003eAmount\u003c\/td\u003e\n\u003ctd\u003eWhy it matters for customer relationships\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eNet premiums written, 2023\u003c\/td\u003e\n\u003ctd\u003e\u003cstrong\u003e$61.6 billion\u003c\/strong\u003e\u003c\/td\u003e\n\u003ctd\u003eShows the size of the recurring customer base that must be served efficiently\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eCombined ratio, 2023\u003c\/td\u003e\n\u003ctd\u003e\u003cstrong\u003e88.0\u003c\/strong\u003e\u003c\/td\u003e\n\u003ctd\u003eShows why pricing, service, and claims handling all affect underwriting performance\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003c\/table\u003e\n\n\u003cp\u003e\u003cstrong\u003eSelf-service digital support.\u003c\/strong\u003e The customer relationship starts with digital self-service for quotes, billing, policy changes, and claims entry. In insurance, the customer may only interact a few times a year, so the quality of each digital touchpoint matters. A fast quote flow can reduce drop-off, and a simple billing or service flow can reduce call volume. For a business with \u003cstrong\u003e$61.6 billion\u003c\/strong\u003e in net premiums written in 2023, even small gains in digital efficiency matter because they are applied across a very large recurring book of business.\u003c\/p\u003e\n\n\u003cul\u003e\n\u003cli\u003eQuote handling\u003c\/li\u003e\n\u003cli\u003eBilling and payment support\u003c\/li\u003e\n\u003cli\u003ePolicy changes\u003c\/li\u003e\n\u003cli\u003eClaims start-up\u003c\/li\u003e\n\u003c\/ul\u003e\n\n\u003cp\u003e\u003cstrong\u003eAI-assisted chatbot guidance.\u003c\/strong\u003e Chatbot guidance is useful when the customer needs a quick answer and does not need a live agent. That includes routine questions about coverage, renewal timing, billing, and claim status. The business value is simple: faster answers improve the customer experience, and routine issues stay out of the live service queue. In a company that managed a \u003cstrong\u003e88.0\u003c\/strong\u003e combined ratio in 2023, service efficiency matters because it supports the cost side of the ratio while still keeping the relationship easy to use.\u003c\/p\u003e\n\n\u003cp\u003e\u003cstrong\u003eCRM-driven customer experience.\u003c\/strong\u003e CRM, or customer relationship management, is the system that stores policy history, service history, renewal timing, and prior contacts in one place. That gives The Progressive Corporation a fuller view of each customer, so it can avoid repeating questions and can time renewal outreach more accurately. This matters in insurance because the product is recurring, and retention is usually cheaper than winning a brand-new policyholder. CRM also helps the company coordinate digital service, agent service, and claims follow-up around the same customer record.\u003c\/p\u003e\n\n\u003cp\u003e\u003cstrong\u003eAgent-supported advisory service.\u003c\/strong\u003e The company also uses independent agents for customers who want advice, need help comparing coverage, or prefer human support. This is important because auto, home, and commercial coverage choices are often not simple price decisions. Customers may need help understanding deductibles, limits, exclusions, and bundled policies. The agent relationship gives The Progressive Corporation a second route to the customer, which helps it serve both convenience buyers and advice-driven buyers.\u003c\/p\u003e\n\n\u003cul\u003e\n\u003cli\u003eAdvice for coverage comparisons\u003c\/li\u003e\n\u003cli\u003eSupport for complex purchase decisions\u003c\/li\u003e\n\u003cli\u003eHelp for multi-policy households\u003c\/li\u003e\n\u003cli\u003eSupport for commercial and property accounts\u003c\/li\u003e\n\u003c\/ul\u003e\n\n\u003cp\u003e\u003cstrong\u003ePersonalized pricing and offers.\u003c\/strong\u003e Personalized pricing is central to the relationship model because insurance customers compare both price and coverage at renewal. The company uses risk-based underwriting, and telematics-based pricing can also reflect driving behavior. That means the offer is not only a sales message; it is part of the customer relationship itself. If the price fits the risk well, the customer is more likely to renew. If the price is too high, retention falls. If the price is too low, underwriting margin weakens. The \u003cstrong\u003e88.0\u003c\/strong\u003e combined ratio in 2023 shows why this balance matters.\u003c\/p\u003e\n\n\u003ctable\u003e\n\u003ctr\u003e\n\u003ctd\u003eRelationship layer\u003c\/td\u003e\n\u003ctd\u003eCustomer touchpoint\u003c\/td\u003e\n\u003ctd\u003eBusiness effect\u003c\/td\u003e\n\u003ctd\u003eReal-life numeric anchor\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eSelf-service digital support\u003c\/td\u003e\n\u003ctd\u003eWeb and mobile account actions\u003c\/td\u003e\n\u003ctd\u003eLower servicing cost and faster response\u003c\/td\u003e\n\u003ctd\u003e\u003cstrong\u003e$61.6 billion\u003c\/strong\u003e\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eAI-assisted chatbot guidance\u003c\/td\u003e\n\u003ctd\u003eRoutine digital questions\u003c\/td\u003e\n\u003ctd\u003e24\/7 access and less pressure on live service teams\u003c\/td\u003e\n\u003ctd\u003e\u003cstrong\u003e88.0\u003c\/strong\u003e\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eCRM-driven customer experience\u003c\/td\u003e\n\u003ctd\u003eRenewals and service history\u003c\/td\u003e\n\u003ctd\u003eBetter timing and fewer repeated contacts\u003c\/td\u003e\n\u003ctd\u003e\u003cstrong\u003e2023\u003c\/strong\u003e\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eAgent-supported advisory service\u003c\/td\u003e\n\u003ctd\u003eIndependent-agent channel\u003c\/td\u003e\n\u003ctd\u003eHuman advice for more complex insurance needs\u003c\/td\u003e\n\u003ctd\u003e\u003cstrong\u003e2023\u003c\/strong\u003e\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003ePersonalized pricing and offers\u003c\/td\u003e\n\u003ctd\u003eRisk-based underwriting and telematics\u003c\/td\u003e\n\u003ctd\u003eRetention depends on price-to-risk fit\u003c\/td\u003e\n\u003ctd\u003e\u003cstrong\u003e88.0\u003c\/strong\u003e\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003c\/table\u003e\n\n\u003cp\u003e\u003cstrong\u003eWhat this relationship model does for the business.\u003c\/strong\u003e The Progressive Corporation's customer relationships are designed to keep the buying process simple, keep service costs under control, and keep renewal decisions data-driven. That is why the model combines direct digital service, automated guidance, CRM, agents, and personalized pricing instead of relying on only one channel.\u003c\/p\u003e\u003ch2\u003eThe Progressive Corporation - Canvas Business Model: Channels\u003c\/h2\u003e\n\u003cp\u003eProgressive Corporation uses \u003cstrong\u003e2\u003c\/strong\u003e core sales channels, direct-to-consumer and independent agencies, across \u003cstrong\u003e50\u003c\/strong\u003e states and Washington, D.C.; customers can get a quote in as little as \u003cstrong\u003e4\u003c\/strong\u003e minutes and access service \u003cstrong\u003e24\/7\u003c\/strong\u003e.\u003c\/p\u003e\n\n\u003ctable\u003e\n\u003ctr\u003e\n\u003ctd\u003e\u003cstrong\u003eChannel\u003c\/strong\u003e\u003c\/td\u003e\n\u003ctd\u003e\u003cstrong\u003eNumbers\u003c\/strong\u003e\u003c\/td\u003e\n\u003ctd\u003e\u003cstrong\u003eChannel use\u003c\/strong\u003e\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eDirect-to-consumer digital platforms\u003c\/td\u003e\n\u003ctd\u003e\n\u003cstrong\u003e2\u003c\/strong\u003e core sales channels; \u003cstrong\u003e50\u003c\/strong\u003e states; Washington, D.C.; \u003cstrong\u003e24\/7\u003c\/strong\u003e; \u003cstrong\u003e4\u003c\/strong\u003e minutes\u003c\/td\u003e\n\u003ctd\u003eDirect sales and servicing\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eIndependent insurance agencies\u003c\/td\u003e\n\u003ctd\u003emore than \u003cstrong\u003e38,000\u003c\/strong\u003e independent agencies; \u003cstrong\u003e50\u003c\/strong\u003e states; Washington, D.C.\u003c\/td\u003e\n\u003ctd\u003eAgency-led sales\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eMobile and web quote tools\u003c\/td\u003e\n\u003ctd\u003e\n\u003cstrong\u003e4\u003c\/strong\u003e minutes; \u003cstrong\u003e24\/7\u003c\/strong\u003e; \u003cstrong\u003e50\u003c\/strong\u003e states; Washington, D.C.\u003c\/td\u003e\n\u003ctd\u003eQuote and bind flow\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eBrand marketing and media\u003c\/td\u003e\n\u003ctd\u003emore than \u003cstrong\u003e$75 billion\u003c\/strong\u003e in \u003cstrong\u003e2024\u003c\/strong\u003e net premiums written; \u003cstrong\u003e50\u003c\/strong\u003e states; Washington, D.C.\u003c\/td\u003e\n\u003ctd\u003eNational demand generation\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eCRM and chatbot interactions\u003c\/td\u003e\n\u003ctd\u003e\n\u003cstrong\u003e24\/7\u003c\/strong\u003e; \u003cstrong\u003e50\u003c\/strong\u003e states; Washington, D.C.; \u003cstrong\u003e4\u003c\/strong\u003e minutes\u003c\/td\u003e\n\u003ctd\u003eService, retention, and support\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003c\/table\u003e\n\n\u003cp\u003e\u003cstrong\u003eDirect-to-consumer digital platforms\u003c\/strong\u003e\u003c\/p\u003e\n\u003cp\u003eProgressive Corporation's direct channel runs across \u003cstrong\u003e50\u003c\/strong\u003e states and Washington, D.C. The quote path is built around a \u003cstrong\u003e4\u003c\/strong\u003e-minute target and \u003cstrong\u003e24\/7\u003c\/strong\u003e access.\u003c\/p\u003e\n\u003cul\u003e\n\u003cli\u003e\n\u003cstrong\u003e2\u003c\/strong\u003e core sales channels\u003c\/li\u003e\n\u003cli\u003e\n\u003cstrong\u003e50\u003c\/strong\u003e states plus Washington, D.C.\u003c\/li\u003e\n\u003cli\u003e\n\u003cstrong\u003e4\u003c\/strong\u003e-minute quote target\u003c\/li\u003e\n\u003cli\u003e\n\u003cstrong\u003e24\/7\u003c\/strong\u003e access\u003c\/li\u003e\n\u003c\/ul\u003e\n\n\u003cp\u003e\u003cstrong\u003eIndependent insurance agencies\u003c\/strong\u003e\u003c\/p\u003e\n\u003cp\u003eProgressive Corporation works with more than \u003cstrong\u003e38,000\u003c\/strong\u003e independent agencies across \u003cstrong\u003e50\u003c\/strong\u003e states and Washington, D.C.\u003c\/p\u003e\n\u003cul\u003e\n\u003cli\u003emore than \u003cstrong\u003e38,000\u003c\/strong\u003e agencies\u003c\/li\u003e\n\u003cli\u003e\n\u003cstrong\u003e50\u003c\/strong\u003e states plus Washington, D.C.\u003c\/li\u003e\n\u003cli\u003e\n\u003cstrong\u003e2\u003c\/strong\u003e main distribution paths\u003c\/li\u003e\n\u003c\/ul\u003e\n\n\u003cp\u003e\u003cstrong\u003eMobile and web quote tools\u003c\/strong\u003e\u003c\/p\u003e\n\u003cp\u003eThe mobile and web quote flow is centered on a \u003cstrong\u003e4\u003c\/strong\u003e-minute quote target and \u003cstrong\u003e24\/7\u003c\/strong\u003e access across \u003cstrong\u003e50\u003c\/strong\u003e states and Washington, D.C.\u003c\/p\u003e\n\u003cul\u003e\n\u003cli\u003e\n\u003cstrong\u003e4\u003c\/strong\u003e minutes\u003c\/li\u003e\n\u003cli\u003e\n\u003cstrong\u003e24\/7\u003c\/strong\u003e access\u003c\/li\u003e\n\u003cli\u003e\n\u003cstrong\u003e50\u003c\/strong\u003e states plus Washington, D.C.\u003c\/li\u003e\n\u003c\/ul\u003e\n\n\u003cp\u003e\u003cstrong\u003eBrand marketing and media\u003c\/strong\u003e\u003c\/p\u003e\n\u003cp\u003eBrand and media activity sits behind more than \u003cstrong\u003e$75 billion\u003c\/strong\u003e in \u003cstrong\u003e2024\u003c\/strong\u003e net premiums written.\u003c\/p\u003e\n\u003cul\u003e\n\u003cli\u003emore than \u003cstrong\u003e$75 billion\u003c\/strong\u003e in \u003cstrong\u003e2024\u003c\/strong\u003e net premiums written\u003c\/li\u003e\n\u003cli\u003e\n\u003cstrong\u003e50\u003c\/strong\u003e states plus Washington, D.C.\u003c\/li\u003e\n\u003c\/ul\u003e\n\n\u003cp\u003e\u003cstrong\u003eCRM and chatbot interactions\u003c\/strong\u003e\u003c\/p\u003e\n\u003cp\u003eCRM and chatbot service is available \u003cstrong\u003e24\/7\u003c\/strong\u003e across \u003cstrong\u003e50\u003c\/strong\u003e states and Washington, D.C., with a \u003cstrong\u003e4\u003c\/strong\u003e-minute quote path tied to digital servicing.\u003c\/p\u003e\n\u003cul\u003e\n\u003cli\u003e\n\u003cstrong\u003e24\/7\u003c\/strong\u003e service\u003c\/li\u003e\n\u003cli\u003e\n\u003cstrong\u003e50\u003c\/strong\u003e states plus Washington, D.C.\u003c\/li\u003e\n\u003cli\u003e\n\u003cstrong\u003e4\u003c\/strong\u003e-minute quote path\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003ch2\u003eThe Progressive Corporation - Canvas Business Model: Customer Segments\u003c\/h2\u003e\n\u003cp\u003eThe Progressive Corporation serves \u003cstrong\u003e3\u003c\/strong\u003e reporting segments and sells through \u003cstrong\u003e2\u003c\/strong\u003e channels: direct and agency.\u003c\/p\u003e\n\n\u003ctable\u003e\n\u003ctr\u003e\n\u003ctd\u003eCustomer segment\u003c\/td\u003e\n\u003ctd\u003eNumeric anchor\u003c\/td\u003e\n\u003ctd\u003eBusiness model role\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003ePersonal auto drivers\u003c\/td\u003e\n\u003ctd\u003e\n\u003cstrong\u003e1\u003c\/strong\u003e core line across \u003cstrong\u003e2\u003c\/strong\u003e channels\u003c\/td\u003e\n\u003ctd\u003eLargest customer base\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eBundled home and auto shoppers\u003c\/td\u003e\n\u003ctd\u003e\n\u003cstrong\u003e2\u003c\/strong\u003e policies in one relationship\u003c\/td\u003e\n\u003ctd\u003eCross-sell base\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eSmall business and commercial auto customers\u003c\/td\u003e\n\u003ctd\u003e\n\u003cstrong\u003e1\u003c\/strong\u003e commercial auto line\u003c\/td\u003e\n\u003ctd\u003eCommercial segment\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eProperty insurance customers\u003c\/td\u003e\n\u003ctd\u003e\n\u003cstrong\u003e1\u003c\/strong\u003e property segment\u003c\/td\u003e\n\u003ctd\u003eHome and related property cover\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eAgency-channel buyers\u003c\/td\u003e\n\u003ctd\u003e\n\u003cstrong\u003e1\u003c\/strong\u003e of \u003cstrong\u003e2\u003c\/strong\u003e channels\u003c\/td\u003e\n\u003ctd\u003eIndependent agent distribution\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003c\/table\u003e\n\n\u003cp\u003ePersonal auto drivers sit at the center of The Progressive Corporation's customer mix. This segment is tied to \u003cstrong\u003e1\u003c\/strong\u003e main line of business and is distributed through both direct and agency channels, which gives the company \u003cstrong\u003e2\u003c\/strong\u003e ways to reach the same type of customer.\u003c\/p\u003e\n\n\u003cp\u003eBundled home and auto shoppers are defined by \u003cstrong\u003e2\u003c\/strong\u003e linked policies. That makes the segment important for retention and multi-policy growth, because one customer relationship can produce more than \u003cstrong\u003e1\u003c\/strong\u003e premium stream.\u003c\/p\u003e\n\n\u003cp\u003eSmall business and commercial auto customers sit inside the commercial lines side of the business. The key customer need is coverage for vehicles used in business, and the segment sits within \u003cstrong\u003e1\u003c\/strong\u003e commercial auto line rather than the personal auto book.\u003c\/p\u003e\n\n\u003cp\u003eProperty insurance customers are the homeowners and related property buyers served through the property segment. The customer need is separate from auto, but the account can still connect back to \u003cstrong\u003e1\u003c\/strong\u003e broader household relationship when the customer also buys auto coverage.\u003c\/p\u003e\n\n\u003cp\u003eAgency-channel buyers make up \u003cstrong\u003e1\u003c\/strong\u003e of the company's \u003cstrong\u003e2\u003c\/strong\u003e distribution channels. These customers typically want an independent-agent relationship, which gives the company access to buyers who prefer advice, comparison, and local service.\u003c\/p\u003e\n\n\u003cul\u003e\n\u003cli\u003e\n\u003cstrong\u003e3\u003c\/strong\u003e reporting segments: Personal Lines, Commercial Lines, Property\u003c\/li\u003e\n\u003cli\u003e\n\u003cstrong\u003e2\u003c\/strong\u003e distribution channels: direct and agency\u003c\/li\u003e\n\u003cli\u003e\n\u003cstrong\u003e1\u003c\/strong\u003e core personal auto line\u003c\/li\u003e\n\u003cli\u003e\n\u003cstrong\u003e2\u003c\/strong\u003e products in a home-and-auto bundle\u003c\/li\u003e\n\u003cli\u003e\n\u003cstrong\u003e1\u003c\/strong\u003e commercial auto line for business-use vehicles\u003c\/li\u003e\n\u003cli\u003e\n\u003cstrong\u003e1\u003c\/strong\u003e property segment for homeowners and related property risks\u003c\/li\u003e\n\u003c\/ul\u003e\u003ch2\u003eThe Progressive Corporation - Canvas Business Model: Cost Structure\u003c\/h2\u003e\n\u003cp\u003e\u003cstrong\u003e67.3%\u003c\/strong\u003e loss ratio, \u003cstrong\u003e21.5%\u003c\/strong\u003e expense ratio, \u003cstrong\u003e88.8%\u003c\/strong\u003e combined ratio.\u003c\/p\u003e\n\n\u003ctable\u003e\n\u003ctr\u003e\n\u003cth\u003eCost structure item\u003c\/th\u003e\n\u003cth\u003e2024 disclosed number\u003c\/th\u003e\n\u003cth\u003eMetric\u003c\/th\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eClaims and loss adjustment expenses\u003c\/td\u003e\n\u003ctd\u003e\u003cstrong\u003e67.3%\u003c\/strong\u003e\u003c\/td\u003e\n\u003ctd\u003eLoss ratio\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eCatastrophe losses and reinsurance costs\u003c\/td\u003e\n\u003ctd\u003e\u003cstrong\u003e88.8%\u003c\/strong\u003e\u003c\/td\u003e\n\u003ctd\u003eCombined ratio\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eMarketing and media spend\u003c\/td\u003e\n\u003ctd\u003e\u003cstrong\u003e21.5%\u003c\/strong\u003e\u003c\/td\u003e\n\u003ctd\u003eExpense ratio\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eTechnology and ICT investment\u003c\/td\u003e\n\u003ctd\u003e\u003cstrong\u003e21.5%\u003c\/strong\u003e\u003c\/td\u003e\n\u003ctd\u003eExpense ratio\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eCommissions and operating expenses\u003c\/td\u003e\n\u003ctd\u003e\u003cstrong\u003e21.5%\u003c\/strong\u003e\u003c\/td\u003e\n\u003ctd\u003eExpense ratio\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003c\/table\u003e\n\n\u003cp\u003eClaims and loss adjustment expenses: \u003cstrong\u003e67.3%\u003c\/strong\u003e.\u003c\/p\u003e\n\u003cp\u003eCatastrophe losses and reinsurance costs: \u003cstrong\u003e88.8%\u003c\/strong\u003e.\u003c\/p\u003e\n\u003cp\u003eMarketing and media spend: \u003cstrong\u003e21.5%\u003c\/strong\u003e.\u003c\/p\u003e\n\u003cp\u003eTechnology and ICT investment: \u003cstrong\u003e21.5%\u003c\/strong\u003e.\u003c\/p\u003e\n\u003cp\u003eCommissions and operating expenses: \u003cstrong\u003e21.5%\u003c\/strong\u003e.\u003c\/p\u003e\n\n\u003cul class=\"lst_crct\"\u003e\n\u003cli\u003e\n\u003cstrong\u003e67.3%\u003c\/strong\u003e loss ratio\u003c\/li\u003e\n\u003cli\u003e\n\u003cstrong\u003e21.5%\u003c\/strong\u003e expense ratio\u003c\/li\u003e\n\u003cli\u003e\n\u003cstrong\u003e88.8%\u003c\/strong\u003e combined ratio\u003c\/li\u003e\n\u003c\/ul\u003e\u003ch2\u003eThe Progressive Corporation - Canvas Business Model: Revenue Streams\u003c\/h2\u003e\n\u003cp\u003e\u003cstrong\u003e2024\u003c\/strong\u003e\u003c\/p\u003e\n\u003ctable\u003e\n\u003ctr\u003e\n\u003ctd\u003e\u003cstrong\u003eRevenue stream\u003c\/strong\u003e\u003c\/td\u003e\n\u003ctd\u003e\u003cstrong\u003eAmount\u003c\/strong\u003e\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003ePersonal auto premiums\u003c\/td\u003e\n\u003ctd\u003e\u003cstrong\u003e$58.5B\u003c\/strong\u003e\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eCommercial lines premiums\u003c\/td\u003e\n\u003ctd\u003e\u003cstrong\u003e$10.3B\u003c\/strong\u003e\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eProperty insurance premiums\u003c\/td\u003e\n\u003ctd\u003e\u003cstrong\u003e$5.4B\u003c\/strong\u003e\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eInvestment income\u003c\/td\u003e\n\u003ctd\u003e\u003cstrong\u003e$3.1B\u003c\/strong\u003e\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eNet realized gains on securities\u003c\/td\u003e\n\u003ctd\u003e\u003cstrong\u003e$0.1B\u003c\/strong\u003e\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eTotal of listed revenue streams\u003c\/td\u003e\n\u003ctd\u003e\u003cstrong\u003e$77.4B\u003c\/strong\u003e\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003c\/table\u003e\n\u003cp\u003e\u003cstrong\u003ePersonal auto premiums\u003c\/strong\u003e - \u003cstrong\u003e$58.5B\u003c\/strong\u003e\u003c\/p\u003e\n\u003cp\u003e\u003cstrong\u003eCommercial lines premiums\u003c\/strong\u003e - \u003cstrong\u003e$10.3B\u003c\/strong\u003e\u003c\/p\u003e\n\u003cp\u003e\u003cstrong\u003eProperty insurance premiums\u003c\/strong\u003e - \u003cstrong\u003e$5.4B\u003c\/strong\u003e\u003c\/p\u003e\n\u003cp\u003e\u003cstrong\u003eInvestment income\u003c\/strong\u003e - \u003cstrong\u003e$3.1B\u003c\/strong\u003e\u003c\/p\u003e\n\u003cp\u003e\u003cstrong\u003eNet realized gains on securities\u003c\/strong\u003e - \u003cstrong\u003e$0.1B\u003c\/strong\u003e\u003c\/p\u003e\n\u003cul class=\"lst_crct\"\u003e\n\u003cli\u003e\u003cstrong\u003e$58.5B\u003c\/strong\u003e\u003c\/li\u003e\n\u003cli\u003e\u003cstrong\u003e$10.3B\u003c\/strong\u003e\u003c\/li\u003e\n\u003cli\u003e\u003cstrong\u003e$5.4B\u003c\/strong\u003e\u003c\/li\u003e\n\u003cli\u003e\u003cstrong\u003e$3.1B\u003c\/strong\u003e\u003c\/li\u003e\n\u003cli\u003e\u003cstrong\u003e$0.1B\u003c\/strong\u003e\u003c\/li\u003e\n\u003c\/ul\u003e","brand":"dcf.fm","offers":[{"title":"Default Title","offer_id":44601617416341,"sku":"pgr-business-model-canvas","price":7.0,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0630\/5189\/0837\/files\/pgr-business-model-canvas.png?v=1740223077","url":"https:\/\/dcf-model.com\/fr\/products\/pgr-business-model-canvas","provider":"AI-Powered Discounted Cash Flow Model Templates","version":"1.0","type":"link"}