American Strategic Insurance (ASI) was formed in 1997 and led by CEO and President, John Auer. Its initial offering was Florida homeowners insurance. The company has experienced rapid growth and is now expected to offer coverage nation wide by 2017, establishing its place in the top 15 homeowners insurance providers in the United States. ASI is headquartered in St. Petersburg, Florida. These expansion goals are largely attributed to its acquisition by Progressive in April 2015. While this transaction allowed Progressive to have a controlling interest of 67%, Progressive has owned as much as 5% since 2012. Progressive paid $875 million for the acquisition. The strategic partnership between the two companies is meant to allow them to compete in the coveted insurance "bundling" market. Despite the acquisition, ASI still operates as an independent company, with CEO John Auer as its head. ASIs three company values (Attitude, Speed and Innovation) are displayed throughout the companys headquarters. ASI moved their headquarters in 2013 to a new campus built to withstand a Category 5 hurricane. The 13-acre campus holds two company buildings, and includes an employee gym and an R'Club child care facility. R'Club Child Care, Inc., a nonprofit child care provider in Pinellas County, Florida, opened its new location at ASIs campus in 2014, offering over 200 slots with priority given to ASI employees. ASI has also been a Better Business Bureau Accredited Business since 2004, and currently holds a rating of A+.