About
Karen Bailo was named commercial lines president in October 2020 and is responsible for the profit and loss, product development, marketing, business development, call-center operations, and IT platform strategy of Progressive's Commercial Lines business. She began at Progressive in 1990 as a management trainee, held roles including personal lines general manager and commercial lines controller, and led Agency Distribution for nine years; she holds a bachelor's degree from the University of South Carolina and an MBA from Case Western Reserve University.
Roles
Progressive Corp.
Commercial Lines President · Current role
2020–present
The Progressive Corporation
Personal lines general manager
—
The Progressive Corporation
Commercial lines controller
—
The Progressive Corporation
Agency Distribution leader
—
Fixed Compensation
FY 2025Salary
$670,962
ComponentAnnual base salary
All other compensation
$12,750
Total compensation
$4,040,569
Performance Compensation
Data from FY 2025Cash incentive
Non-equity incentive plan compensation
$1,669,017
Target Opportunity
—
PlanAnnual cash incentive (Gainshare)
Stock awards
Stock awards
$1,687,840
FormRestricted stock units (performance- and time-based)
Also at Progressive Corp.
See how Top Bucket AI works for your firm
Request DemoTop Bucket AI Research
Stay ahead of private markets
Research and market intelligence for private-markets professionals.
✓
You're subscribed.
Thanks for signing up.