Progressive Insurance
How we got $7.1M
Based on typical figures for its industry (2022 Economic Census), not its own records.
What we know
Signs of a sale Some signs of a sale
- In business 89 years (since 1937)
From public records and the company's website, not a statement that it's for sale.
What they do
Progressive is an insurance company offering auto, home, motorcycle, RV, life, pet, renters, umbrella, boat and business insurance, plus some finance products, to individuals and businesses.
From the company's website. Industry: Insurance agencies.
Customers & suppliers
Suppliers & brands
- Pets Best · brand it sells or installs
Compared with similar businesses nearby
| Business | Est. revenue | Distance |
|---|---|---|
| Progressive Insurance this business | $4.8M | — |
| MARTHA A WEBB INSURANCE AGENCY Lawton · 4 employees | $998K | 0.0 mi |
| ROSEROCK INSURANCE AGENCY, INC. Lawton · 1 employees | $168K | 0.0 mi |
| WELBORN INSURANCE AGENCY, INC Lawton · 6 employees | $1.5M | 0.0 mi |
| Church Insurance Solutions Oklahoma Lawton | $806K | 0.0 mi |
| Rusty England - State Farm Insurance Agent Lawton | $806K | 0.0 mi |
| Steven Goss Insurance Lawton | $806K | 0.1 mi |
The full calculation
Figures are shown toward the upper part of their range rather than at its middle.
Brought up to date assuming revenue has grown 8% a year since 2020, when the PPP figures were reported; included above.
| Estimated value = EBITDA × typical sale multiple | $7.1M |
| Multiple for this size and industry | 5.4× |
| Value range | $2.6M – $10.6M |
This business has no PPP loan on record, so there is no business-specific data. The figures are the typical estimated revenue of Agencies, brokerages, and other insurance related activities businesses in our Oklahoma data: the middle value, with the range covering the middle half of those businesses. EBITDA applies the industry margin (27%). Treat these as a rough guide.
| Revenue range | $2.2M – $6.0M |
| EBITDA range | $603K – $1.6M |
| Industry (NAICS) | Agencies, brokerages, and other insurance related activities (5242) |
EBITDA margin: from IRS tax returns of S corporations in this industry (2019–2022), adjusted for company size: smaller companies typically run higher margins. EBITDA here is after owners' salaries.
Benchmarks: US Economic Census 2022, OK. These are statistical estimates, not reported financials. Listing details come from Overture Maps open data. Full methodology
People & advisors
From the company's own website and public filings (DOL Form 5500, IRS Form 990, SBA). Roles are as stated there and may be out of date.
6 locations
| 419 SW 11th St | Lawton | This listing |
| 2321 W Okmulgee St | Muskogee | View |
| 4340 NW 23rd St | Oklahoma City | View |
| 601 SE 89th St | Oklahoma City | View |
| 624 W Independence St | Shawnee | View |
| 6025 S 33rd West Ave Ste C | Tulsa | View |
Revenue, profit and value are for the whole company.
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Progressive Insurance
Progressive Insurance is an insurance agencies company in Lawton, Oklahoma, in business since 1937. Its estimated annual revenue is about $4.8M, with roughly $1.3M of EBITDA. Its estimated business value is $7.1M (likely range $2.6M–$10.6M). It has 6 locations.
Common questions
- Who owns Progressive Insurance?
- The owner of Progressive Insurance isn't in public records we've found yet. If you own or run the business, you can add or correct its details on SeeBITDA.
- How much revenue does Progressive Insurance make?
- SeeBITDA estimates Progressive Insurance's annual revenue at about $4.8M (likely between $2.2M and $6.0M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Progressive Insurance worth?
- About $7.1M, roughly 5.4× its estimated EBITDA of $1.3M, typical for a insurance agencies company its size. Likely range: $2.6M–$10.6M.
- When was Progressive Insurance founded?
- Progressive Insurance has been in business since 1937.