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 2025
Salary
$670,962
ComponentAnnual base salary
All other compensation
$12,750
Total compensation
$4,040,569

Performance Compensation

Data from FY 2025

Cash 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.

Related

See how VectorShift works for your firm

Request Demo