Peter Lewis Net Worth

Peter Lewis Net Worth is
$1 Billion

Peter Lewis Bio/Wiki, Net Worth, Married 2018

In 1955, he graduated from Princeton University. After school, Lewis joined Progressive Insurance as an underwriting trainee. In 1965, he along with his mom borrowed $2.5 million, vowing their bulk position as security, and finished a leveraged buyout of Progressive. Lewis became chief executive officer of a business which had 40 workers at that point. He later grew the company and, by the 1960s, Progressive had over 100 employees and $6 million in yearly sales. Lewis focused on covering high risk motorists — where premiums were greater — using an advanced pricing system and consumer-friendly service offering competition estimate fitting and prompt claims service. He also brought in a slew of young, enthusiastic workers and devolved decision making down, cultivating a comfortable yet disciplined and creative corporate culture. As of 2010, Progressive had grown to 27,250 workers, with revenues of $15.0 billion and had become the third largest auto insurance business in the United States. In 2000, Lewis retired as CEO of Progressive, though he continued as Chairman of the Board.

Peter Lewis Net Worth $1.1 Billion Dollars