Company research
PROGRESSIVE CORP/OH/
CIK 80661Updated Sep 24, 2026
SecurityPGR · NYSE · equity
PGR price & chart
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Progressive Reports July 2026 Results ↗
Recent filings
Regulation FD Disclosure
Items 7.01, 9.01
144 filing
Regulation FD Disclosure
Items 7.01, 9.01
144 filing
Regulation FD Disclosure
Items 7.01, 9.01
Show 5 more recent filings
Financials
FY 2025 · USDSource
Source
Source
Source
balance sheet · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| ASSETS | ||||
| AssetsUSD | 123,039,000,000Source | 105,745,000,000Source | 88,690,800,000Source | 75,465,000,000Source |
| Property, Plant and Equipment, NetUSD | 783,000,000Source | 790,000,000Source | 880,800,000Source | 1,034,000,000Source |
| GoodwillUSD | — | 228,000,000Source | 227,900,000Source | 227,900,000Source |
| Intangible Assets, Net (Excluding Goodwill)USD | — | — | — | 86,300,000Source |
| Operating Lease, Right-of-Use AssetUSD | 199,000,000Source | 193,000,000Source | 172,500,000Source | 130,500,000Source |
| LIABILITIES AND EQUITY | ||||
| LiabilitiesUSD | 92,716,000,000Source | 80,154,000,000Source | 68,413,700,000Source | 59,574,000,000Source |
| Stockholders’ equity: | ||||
| Retained Earnings (Accumulated Deficit)USD | 27,327,000,000Source | 24,283,000,000Source | 18,800,500,000Source | 15,721,200,000Source |
| Accumulated Other Comprehensive Income (Loss), Net of TaxUSD | 103,000,000Source | -1,423,000,000Source | -1,615,700,000Source | -2,802,000,000Source |
| Stockholders' Equity Attributable to ParentUSD | 30,323,000,000Source | 25,591,000,000Source | 20,277,100,000Source | 15,891,000,000Source |
| Additional Paid in Capital, Common StockUSD | 2,307,000,000Source | 2,145,000,000Source | 2,013,100,000Source | 1,893,000,000Source |
| Liabilities and EquityUSD | 123,039,000,000Source | 105,745,000,000Source | 88,690,800,000Source | 75,465,000,000Source |
| Additional Financial Items | ||||
| AOCI, Debt Securities, Available-for-sale, Adjustment, after TaxUSD | 117,000,000Source | -1,408,000,000Source | -1,600,800,000Source | -2,786,300,000Source |
| Dividends PayableUSD | 7,972,000,000Source | — | — | — |
| Long-term Debt, Current MaturitiesUSD | 0Source | 0Source | 0Source | 0Source |
| Short-term InvestmentsUSD | 10,005,000,000Source | 615,000,000Source | 1,789,900,000Source | 2,861,700,000Source |
cash flow · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Cash flows from operating activities: | ||||
| Net Cash Provided by (Used in) Operating ActivitiesUSD | 17,548,000,000Source | 15,119,000,000Source | 10,643,300,000Source | 6,848,800,000Source |
| Cash flows from investing activities: | ||||
| Payments to Acquire Businesses, Net of Cash AcquiredUSD | — | — | 0Source | 0Source |
| Net Cash Provided by (Used in) Investing ActivitiesUSD | -14,527,000,000Source | -13,749,000,000Source | -10,842,600,000Source | -7,956,200,000Source |
| Payments to Acquire Property, Plant, and EquipmentUSD | 348,000,000Source | 285,000,000Source | 252,000,000Source | 292,000,000Source |
| Cash flows from financing activities: | ||||
| Net Cash Provided by (Used in) Financing ActivitiesUSD | -3,037,000,000Source | -1,316,000,000Source | 78,000,000Source | 1,126,200,000Source |
| Payments of Ordinary Dividends, Common StockUSD | 2,871,000,000Source | 674,000,000Source | 234,000,000Source | 234,000,000Source |
| Repayments of Long-term DebtUSD | — | — | 0Source | 0Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate EffectUSD | -16,000,000Source | 54,000,000Source | -121,300,000Source | 18,800,000Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | 138,000,000Source | 154,000,000Source | 99,600,000Source | 220,900,000Source |
| Supplemental disclosure of cash flow information: | ||||
| Interest Paid, Excluding Capitalized Interest, Operating ActivitiesUSD | 276,000,000Source | 276,000,000Source | 264,900,000Source | 228,900,000Source |
| Income Taxes Paid, NetUSD | 3,107,000,000Source | — | — | — |
| Additional Financial Items | ||||
| Share-based Payment Arrangement, ExpenseUSD | 132,000,000Source | — | — | — |
| Amortization of Intangible AssetsUSD | — | — | 14,200,000Source | 31,000,000Source |
| Debt and Equity Securities, Gain (Loss)USD | 727,000,000Source | 264,000,000Source | 353,100,000Source | -1,912,200,000Source |
| Debt and Equity Securities, Realized Gain (Loss)USD | 248,000,000Source | -414,000,000Source | 13,700,000Source | 196,500,000Source |
| Debt and Equity Securities, Unrealized Gain (Loss)USD | 480,000,000Source | 679,000,000Source | 348,400,000Source | -2,100,100,000Source |
| Debt Securities, Available-for-sale, Allowance for Credit Loss, Not Previously RecordedUSD | 0Source | 0Source | 0Source | 0Source |
| Debt Securities, Available-for-sale, Realized Gain (Loss)USD | 157,000,000Source | -441,000,000Source | -249,100,000Source | -579,400,000Source |
| Deferred Policy Acquisition Costs, Amortization ExpenseUSD | 6,096,000,000Source | 5,383,000,000Source | 4,665,100,000Source | 3,917,000,000Source |
| DepreciationUSD | 313,000,000Source | 284,000,000Source | 285,500,000Source | 305,600,000Source |
| Derivative, Gain (Loss) on Derivative, NetUSD | — | — | — | 0Source |
| Dividends PayableUSD | 7,972,000,000Source | — | — | — |
| Equity Securities, FV-NI, Gain (Loss)USD | 553,000,000Source | 645,000,000Source | 544,200,000Source | -1,242,200,000Source |
| Equity Securities, FV-NI, Realized Gain (Loss)USD | 91,000,000Source | -9,000,000Source | 241,200,000Source | 775,900,000Source |
| Equity Securities, FV-NI, Unrealized Gain (Loss)USD | 462,000,000Source | 654,000,000Source | 303,000,000Source | -2,018,100,000Source |
| Gain (Loss) on Disposition of Property Plant EquipmentUSD | -16,000,000Source | -13,000,000Source | -36,200,000Source | 600,000Source |
| GoodwillUSD | — | 228,000,000Source | 227,900,000Source | 227,900,000Source |
| Goodwill, Impairment LossUSD | — | 0Source | 0Source | 224,800,000Source |
| Income Tax Expense (Benefit)USD | 2,915,000,000Source | 2,233,000,000Source | 1,001,300,000Source | 200,600,000Source |
| Liability for Unpaid Claims and Claims Adjustment Expense, Incurred ClaimsUSD | 53,959,000,000Source | 49,060,000,000Source | 45,654,600,000Source | 38,122,700,000Source |
| Net Income (Loss) Attributable to ParentUSD | 11,308,000,000Source | 8,480,000,000Source | 3,902,400,000Source | 721,500,000Source |
| Net Income (Loss) Available to Common Stockholders, BasicUSD | 11,308,000,000Source | 8,463,000,000Source | 3,864,800,000Source | 694,600,000Source |
| Proceeds from Maturities, Prepayments and Calls of Debt Securities, Available-for-saleUSD | 8,518,000,000Source | 7,006,000,000Source | 4,990,300,000Source | 5,380,300,000Source |
| Proceeds from Stock Options ExercisedUSD | — | — | — | 0Source |
| Realized Investment Gains (Losses)USD | 727,000,000Source | 264,000,000Source | 353,100,000Source | -1,912,200,000Source |
income statement · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Total RevenueUSD | 87,671,000,000Source | 75,372,000,000Source | 62,108,500,000Source | 49,610,700,000Source |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling InterestUSD | 14,223,000,000Source | 10,713,000,000Source | 4,903,700,000Source | 922,100,000Source |
| Income Tax Expense (Benefit)USD | 2,915,000,000Source | 2,233,000,000Source | 1,001,300,000Source | 200,600,000Source |
| Net Income (Loss) Attributable to ParentUSD | 11,308,000,000Source | 8,480,000,000Source | 3,902,400,000Source | 721,500,000Source |
| Earnings Per Share, BasicUSD per share | 19.29Source | 14.45Source | 6.61Source | 1.19Source |
| Earnings Per Share, DilutedUSD per share | 19.23Source | 14.4Source | 6.58Source | 1.18Source |
| Weighted Average Number of Shares Outstanding, Basicshares | 586,300,000Source | 585,500,000Source | 584,900,000Source | 584,400,000Source |
| Weighted Average Number of Shares Outstanding, Dilutedshares | 588,100,000Source | 587,700,000Source | 587,500,000Source | 587,100,000Source |
| Additional Financial Items | ||||
| Amortization of Intangible AssetsUSD | — | — | 14,200,000Source | 31,000,000Source |
| Benefits, Losses and ExpensesUSD | 73,448,000,000Source | 64,659,000,000Source | 57,204,800,000Source | 48,688,600,000Source |
| Common Stock, Dividends, Per Share, DeclaredUSD per share | 13.9Source | 4.9Source | 1.15Source | 0.4Source |
| Debt and Equity Securities, Gain (Loss)USD | 727,000,000Source | 264,000,000Source | 353,100,000Source | -1,912,200,000Source |
| Debt and Equity Securities, Realized Gain (Loss)USD | 248,000,000Source | -414,000,000Source | 13,700,000Source | 196,500,000Source |
| Debt and Equity Securities, Unrealized Gain (Loss)USD | 480,000,000Source | 679,000,000Source | 348,400,000Source | -2,100,100,000Source |
| Deferred Policy Acquisition Costs, Amortization ExpenseUSD | 6,096,000,000Source | 5,383,000,000Source | 4,665,100,000Source | 3,917,000,000Source |
| Equity Securities, FV-NI, Realized Gain (Loss)USD | 91,000,000Source | -9,000,000Source | 241,200,000Source | 775,900,000Source |
| Goodwill, Impairment LossUSD | — | 0Source | 0Source | 224,800,000Source |
| Interest Expense, DebtUSD | 278,000,000Source | 279,000,000Source | 268,400,000Source | 243,500,000Source |
| Investment Income, NetUSD | 4,276,000,000Source | 3,067,000,000Source | — | — |
| Liability for Unpaid Claims and Claims Adjustment Expense, Incurred ClaimsUSD | 53,959,000,000Source | 49,060,000,000Source | 45,654,600,000Source | 38,122,700,000Source |
| Net Income (Loss) Available to Common Stockholders, BasicUSD | 11,308,000,000Source | 8,463,000,000Source | 3,864,800,000Source | 694,600,000Source |
| Net Investment IncomeUSD | 3,549,000,000Source | 2,803,000,000Source | 1,865,600,000Source | 1,236,000,000Source |
| Preferred Stock Dividends, Income Statement ImpactUSD | 0Source | 17,000,000Source | 37,600,000Source | 26,900,000Source |
| Preferred Stock, Dividends Per Share, DeclaredUSD per share | 0Source | 15.69Source | — | — |
| Realized Investment Gains (Losses)USD | 727,000,000Source | 264,000,000Source | 353,100,000Source | -1,912,200,000Source |
Filing attachments
d47915dex41.htm · 8-K · 2026-03-26
EX-4.1 3 d47915dex41.htm EX-4.1 EX-4.1 Exhibit 4.1 THE PROGRESSIVE CORPORATION and U.S. BANK TRUST COMPANY, NATIONAL ASSOCIATION, as Trustee FIFTH SUPPLEMENTAL INDENTURE 4.60% Senior Notes due 2031 5.15% Senior Notes due 2036 THIS FIFTH SUPPLEMENTAL INDENTURE, dated as of March 26, 2026, between THE PROGRESSIVE CORPORATION, an Ohio corporation (the “Issuer”), and U.S. BANK TRUST COMPANY, NATIONAL ASSOCIATION, a national banking association, as successor in interest to U.S. Bank Nati…
Read attachment ↗d47915dex42.htm · 8-K · 2026-03-26
EX-4.2 4 d47915dex42.htm EX-4.2 EX-4.2 Exhibit 4.2 (Face of Security) This Security is a Global Security within the meaning of the Indenture hereinafter referred to and is registered in the name of The Depositary Trust Company, a New York corporation (“DTC”) or a nominee of DTC. This Security is exchangeable for Securities registered in the name of a person other than DTC or its nominee only in limited circumstances described in the Indenture, and may not be transferred except as a whole …
Read attachment ↗d47915dex43.htm · 8-K · 2026-03-26
EX-4.3 5 d47915dex43.htm EX-4.3 EX-4.3 Exhibit 4.3 (Face of Security) This Security is a Global Security within the meaning of the Indenture hereinafter referred to and is registered in the name of The Depositary Trust Company, a New York corporation (“DTC”) or a nominee of DTC. This Security is exchangeable for Securities registered in the name of a person other than DTC or its nominee only in limited circumstances described in the Indenture, and may not be transferred except as a whole …
Read attachment ↗