MEDIUMOutside partyCustomer
27%
Progressive Casualty Insurance
“10-K Item 1: 'one Network Partner, Progressive Casualty Insurance, accounted for 27% of total consolidated revenue, all of which was recorded within our Insurance segment.'”
TREE · Concentration risk · 10-K extracted
LendingTree (TREE) concentration risks
Updated
The most significant concentration LendingTree discloses is Progressive Casualty Insurance at 27%, classified MEDIUM by disclosed size. Below: the full set from the latest 10-K — verbatim quotes, filing references, and a synthesis of what these exposures mean together.
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Source: LendingTree’s SEC Form 10-K filed — view the filing on SEC EDGAR ↗
At a glance
Disclosed-size breakdown · 1 disclosed concentration
HIGH0
MEDIUM1
LOW0
Disclosed concentrations
Each card carries a disclosed-size chip (HIGH / MEDIUM / LOW — how large the exposure is as a share of revenue, not how dangerous it is) and a nature tag: Built-in(the company’s own model, geography, or products) or Outside party (an external customer, supplier, or distributor it relies on).
TrendMatrix Research · concentration synthesis
What these concentrations mean together
updated 2026-07-06LendingTree's disclosed concentration risk is narrow but notable: one Network Partner, Progressive Casualty Insurance, accounted for 27% of total consolidated revenue, all of which was recorded within the Insurance segment — a medium-share dependency exposure. This is a counterparty-specific risk rather than a structural or geographic one, tied entirely to the continuity and terms of a single partner relationship. With only one disclosed concentration item, LendingTree's risk profile on this dimension is comparatively narrow relative to peers with layered customer, supplier, and geographic exposures. That said, a medium share of total consolidated revenue tied to one named partner, concentrated entirely within a single segment, means the Insurance segment's economics are meaningfully dependent on that one relationship continuing on similar terms. Any disruption, renegotiation, or reduced spend from Progressive Casualty Insurance would flow disproportionately into the Insurance segment's results and, by extension, into LendingTree's consolidated revenue given the share this single partner represents. This is an idiosyncratic, relationship-driven risk rather than one that would move with broader macro or industry conditions.
For the engine’s reasoning on TREE’s current verdict — including which dimensions drove the score — see the per-dimension breakdown.
Industry peers · Financial Conglomerates
Peer concentration profile
| Symbol | Name | HIGH | MEDIUM | LOW | Total |
|---|---|---|---|---|---|
| HTH | Hilltop Holdings Inc. | 2 | 1 | 0 | 3 |
| FRHC | Freedom Holding Corp. | 0 | 2 | 0 | 2 |
| TREE● | LendingTree, Inc. | 0 | 1 | 0 | 1 |
| TMS | Teamshares Inc. | 0 | 0 | 0 | 0 |
| VOYA | Voya Financial, Inc. | 0 | 0 | 0 | 0 |
Concentration counts reflect items disclosed in each peer’s most recent 10-K; disclosed-size classification uses TrendMatrix’s internal 10-K extraction taxonomy.