About Peter B. Lewis
Peter Benjamin Lewis was an American businessman who was the chairman of Progressive Insurance Company. In 1965, he and his mother borrowed $2.5 million, pledging their majority stake as collateral, and completed a leveraged buyout of Progressive. He subsequently grew the business and, by the 1960s, Progressive had over 100 employees and $6 million in annual revenue. His father — who had co-founded a small auto insurance company named Progressive Insurance with Jack Green in 1937 — was grooming Lewis to work at the company when he died at age 48 while Lewis was a junior at Cleveland Heights High School. Lewis became chief executive officer of a company which had 40 employees at that time.
Biography source: Wikipedia. The profile adds birthday-specific historical context from the Celebs Birthday Today editorial database.