Pros
I think the best thing about Progressive is the opportunity. I have had 2 promotions in the 4.5 years that I have been here. The vacation time is pretty typical, about 3 weeks to start and an additional week at 5 & 15 years. I will say that morale is all about your manager. My previous manager was awful, and that time it was a little bit of a rough time to work here. But eventually word made its way around and he was let go. My current manager is terrific. He completely recognizes our personal life, and is happy to help with our career goals even if that does't help him with his Job Objectives.
Cons
Oddly enough one of the downsides is also Career Opportunity. My department is entrenched in job skills that are not very marketable, because it uses alot of in-house applications. Project work using more common tools have been hard to come by. Since the Reduction in Force in 3rd quarter 2007, there have been some fears about job security. In my opinion, I'm not sure there are many places left today where that is not a concern. I think the Health Benefits are pretty expensive, but that is also happening in most companies. And my perception of "good" could be skewed since much of my family is in the Health care field, and those health benefits are better.