Jonathan Bauer

Chief Investment Officer Progressive

Last Reviewed: October 3, 2026

Executive Summary

Jonathan Bauer has been Chief Investment Officer of Progressive since January 2020. He is responsible for managing the insurer’s investment portfolios and strategies, with a focus on asset allocation and risk management. Bauer joined Progressive in 2006 and spent the following years helping to manage a range of portfolios, including asset classes such as commercial mortgage-backed securities and corporate bonds. Before Progressive he worked in research and trading at Bank of America Securities in Chicago and London. He holds an economics and political science degree from the University of Michigan and an MBA from Columbia. He moved into the top investment role from inside the portfolio team he had worked in for more than a decade.

Career Highlights

• Chief Investment Officer of Progressive since January 2020.
• Manages Progressive’s investment portfolios and strategies, with a focus on asset allocation and risk management.
• Joined Progressive in 2006 and helped manage commercial mortgage-backed securities and corporate bond portfolios.
• Research and trading roles at Bank of America Securities in Chicago and London.

Professional Journey

Bauer earned a bachelor’s degree in economics and political science from the University of Michigan and an MBA from Columbia University, according to Progressive. Before joining the insurer he worked in both research and trading roles for Bank of America Securities in Chicago and London.

He joined Progressive in 2006 and helped manage various portfolios, including asset classes such as commercial mortgage-backed securities and corporate bonds. He worked in the investment group for more than 13 years before taking charge of it.

In January 2020 he was named chief investment officer, responsible for managing Progressive’s investment portfolios and strategies, including asset allocation and risk management. The company’s 10-K lists him as an executive officer in that role throughout the five years it covers.

Progressive’s 10-K incorporates its disclosures about investment market risk from the investments section of its annual report. At year-end 2025 the company reported statutory surplus of $28.4 billion. Progressive, an insurance holding company in Mayfield Village, Ohio, wrote $83.2 billion of net premiums in 2025, according to its 10-K.

Progressive’s 10-K describes a management team that supports the chief executive in overseeing the business and the corporate functions serving the whole organization: the chief financial, marketing, investment, information, human resources, strategy and legal officers, and the presidents of the personal lines, commercial lines, claims and customer relationship management groups. Bauer has represented the investment function on it since January 2020, after more than 13 years helping to manage the company’s portfolios, and the 10-K lists the chief investment officer among the roles that support the chief executive’s decisions on the investment operations.

Education

Columbia University

MBA

University of Michigan

Bachelor’s degree, Economics and political science