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PROGRESSIVE CORP/OH/
CIK 80661Updated Nov 8, 2026
SecurityPGR · NYSE · equity
PGR price & chart
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The Progressive Corporation (PGR) Q3 2026 Earnings Call Transcript ↗
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SEC disclosures
PROGRESSIVE CORP/OH/ files 8-K: Material Event ↗
Recent filings
10-Q filing
Results of Operations and Financial Condition
Items 2.02, 9.01
144 filing
Regulation FD Disclosure
Items 7.01, 9.01
144 filing
Show 5 more recent filings
Regulation FD Disclosure
Items 7.01, 9.01
144 filing
Regulation FD Disclosure
Items 7.01, 9.01
10-Q filing
144 filing
Financials
FY 2025 · USDSource
Source
Source
Source
balance sheet · annual statements
| Line item | Q3 2025 | Q3 2024 | Q2 2026 | Q2 2025 | Q2 2024 | Q1 2026 | Q1 2025 | Q1 2024 | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ASSETS | ||||||||||||
| AssetsUSD | 121,535,000,000Source | 105,203,000,000Source | 124,925,000,000Source | 115,480,000,000Source | 97,893,000,000Source | 122,209,000,000Source | 111,409,000,000Source | 94,128,000,000Source | 123,039,000,000Source | 105,745,000,000Source | 88,690,800,000Source | 75,465,000,000Source |
| Property, Plant and Equipment, NetUSD | 790,000,000Source | 689,000,000Source | 922,000,000Source | 820,000,000Source | 713,000,000Source | 792,000,000Source | 854,000,000Source | 756,000,000Source | 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 | 86,090,000,000Source | 78,044,000,000Source | 90,592,000,000Source | 82,876,000,000Source | 74,553,000,000Source | 90,170,000,000Source | 82,455,000,000Source | 72,317,000,000Source | 92,716,000,000Source | 80,154,000,000Source | 68,413,700,000Source | 59,574,000,000Source |
| Stockholders’ equity: | ||||||||||||
| Retained Earnings (Accumulated Deficit)USD | 32,437,000,000Source | 24,632,000,000Source | 32,261,000,000Source | 29,921,000,000Source | 22,410,000,000Source | 29,612,000,000Source | 26,732,000,000Source | 21,020,000,000Source | 27,327,000,000Source | 24,283,000,000Source | 18,800,500,000Source | 15,721,200,000Source |
| Accumulated Other Comprehensive Income (Loss), Net of TaxUSD | 189,000,000Source | -155,000,000Source | -847,000,000Source | -95,000,000Source | -1,716,000,000Source | -471,000,000Source | -524,000,000Source | -1,824,000,000Source | 103,000,000Source | -1,423,000,000Source | -1,615,700,000Source | -2,802,000,000Source |
| Stockholders' Equity Attributable to ParentUSD | 35,445,000,000Source | 27,159,000,000Source | 34,333,000,000Source | 32,604,000,000Source | 23,340,000,000Source | 32,039,000,000Source | 28,954,000,000Source | 21,811,000,000Source | 30,323,000,000Source | 25,591,000,000Source | 20,277,100,000Source | 15,891,000,000Source |
| Additional Paid in Capital, Common StockUSD | 2,233,000,000Source | 2,096,000,000Source | 2,338,000,000Source | 2,192,000,000Source | 2,060,000,000Source | 2,314,000,000Source | 2,160,000,000Source | 2,029,000,000Source | 2,307,000,000Source | 2,145,000,000Source | 2,013,100,000Source | 1,893,000,000Source |
| Liabilities and EquityUSD | 121,535,000,000Source | 105,203,000,000Source | 124,925,000,000Source | 115,480,000,000Source | 97,893,000,000Source | 122,209,000,000Source | 111,409,000,000Source | 94,128,000,000Source | 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 | 203,000,000Source | -140,000,000Source | -832,000,000Source | -81,000,000Source | -1,701,000,000Source | -457,000,000Source | -509,000,000Source | -1,809,000,000Source | 117,000,000Source | -1,408,000,000Source | -1,600,800,000Source | -2,786,300,000Source |
| Dividends PayableUSD | — | 58,600,000Source | 58,000,000Source | 58,000,000Source | — | 58,000,000Source | 59,000,000Source | — | 7,972,000,000Source | — | — | — |
| Long-term Debt, Current MaturitiesUSD | 0Source | 0Source | — | 0Source | 0Source | — | 0Source | 0Source | 0Source | 0Source | 0Source | 0Source |
| Short-term InvestmentsUSD | 1,515,000,000Source | 757,000,000Source | 1,978,000,000Source | 2,103,000,000Source | 733,000,000Source | 2,126,000,000Source | 2,595,000,000Source | 1,327,000,000Source | 10,005,000,000Source | 615,000,000Source | 1,789,900,000Source | 2,861,700,000Source |
cash flow · annual statements
| Line item | Q4 2025 | Q4 2024 | Q3 2025 | Q3 2024 | Q2 2026 | Q2 2025 | Q1 2026 | Q1 2025 | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | ||||||||||||
| Net Cash Provided by (Used in) Operating ActivitiesUSD | — | — | — | — | — | — | 4,367,000,000Source | 5,143,000,000Source | 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 | — | — | — | — | — | — | 2,637,000,000Source | -2,341,000,000Source | -14,527,000,000Source | -13,749,000,000Source | -10,842,600,000Source | -7,956,200,000Source |
| Payments to Acquire Property, Plant, and EquipmentUSD | — | — | — | — | — | — | 63,000,000Source | 59,000,000Source | 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 | — | — | — | — | — | — | -6,963,000,000Source | -2,749,000,000Source | -3,037,000,000Source | -1,316,000,000Source | 78,000,000Source | 1,126,200,000Source |
| Payments of Ordinary Dividends, Common StockUSD | — | — | — | — | — | — | 7,972,000,000Source | 2,695,000,000Source | 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 | — | — | — | — | — | — | 41,000,000Source | 53,000,000Source | -16,000,000Source | 54,000,000Source | -121,300,000Source | 18,800,000Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | — | — | 185,000,000Source | 147,000,000Source | 193,000,000Source | 135,000,000Source | 179,000,000Source | 207,000,000Source | 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 | — | — | — | — | — | — | 88,000,000Source | 88,000,000Source | 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 | — | — | 295,000,000Source | 288,000,000Source | 604,000,000Source | 387,000,000Source | -120,000,000Source | -212,000,000Source | 727,000,000Source | 264,000,000Source | 353,100,000Source | -1,912,200,000Source |
| Debt and Equity Securities, Realized Gain (Loss)USD | — | — | 12,000,000Source | 68,000,000Source | 16,000,000Source | 19,000,000Source | 96,000,000Source | 1,000,000Source | 248,000,000Source | -414,000,000Source | 13,700,000Source | 196,500,000Source |
| Debt and Equity Securities, Unrealized Gain (Loss)USD | — | — | 283,000,000Source | 220,000,000Source | 588,000,000Source | 368,000,000Source | -216,000,000Source | -213,000,000Source | 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 | 0Source | 0Source |
| Debt Securities, Available-for-sale, Realized Gain (Loss)USD | — | — | 3,000,000Source | 37,000,000Source | 1,000,000Source | 18,000,000Source | 86,000,000Source | -30,000,000Source | 157,000,000Source | -441,000,000Source | -249,100,000Source | -579,400,000Source |
| Deferred Policy Acquisition Costs, Amortization ExpenseUSD | — | — | 1,555,000,000Source | 1,390,000,000Source | 1,567,000,000Source | 1,511,000,000Source | 1,538,000,000Source | 1,456,000,000Source | 6,096,000,000Source | 5,383,000,000Source | 4,665,100,000Source | 3,917,000,000Source |
| DepreciationUSD | — | — | — | — | — | — | 75,000,000Source | 70,000,000Source | 313,000,000Source | 284,000,000Source | 285,500,000Source | 305,600,000Source |
| Derivative, Gain (Loss) on Derivative, NetUSD | — | — | — | — | — | — | — | — | — | — | — | 0Source |
| Dividends PayableUSD | — | — | — | 58,600,000Source | 58,000,000Source | 58,000,000Source | 58,000,000Source | 59,000,000Source | 7,972,000,000Source | — | — | — |
| Equity Securities, FV-NI, Gain (Loss)USD | — | — | 289,000,000Source | 195,000,000Source | 586,000,000Source | 358,000,000Source | -179,000,000Source | -185,000,000Source | 553,000,000Source | 645,000,000Source | 544,200,000Source | -1,242,200,000Source |
| Equity Securities, FV-NI, Realized Gain (Loss)USD | — | — | 9,000,000Source | -5,000,000Source | 15,000,000Source | 1,000,000Source | 10,000,000Source | 31,000,000Source | 91,000,000Source | -9,000,000Source | 241,200,000Source | 775,900,000Source |
| Equity Securities, FV-NI, Unrealized Gain (Loss)USD | — | — | 280,000,000Source | 200,000,000Source | 571,000,000Source | 357,000,000Source | -189,000,000Source | -216,000,000Source | 462,000,000Source | 654,000,000Source | 303,000,000Source | -2,018,100,000Source |
| Gain (Loss) on Disposition of Property Plant EquipmentUSD | — | — | — | — | — | — | -3,000,000Source | -3,000,000Source | -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 | — | — | 708,000,000Source | 612,000,000Source | 898,000,000Source | 807,000,000Source | 748,000,000Source | 669,000,000Source | 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 | — | — | — | — | — | — | 13,827,000,000Source | 12,804,000,000Source | 53,959,000,000Source | 49,060,000,000Source | 45,654,600,000Source | 38,122,700,000Source |
| Net Income (Loss) Attributable to ParentUSD | — | — | 2,615,000,000Source | 2,334,000,000Source | 3,311,000,000Source | 3,175,000,000Source | 2,818,000,000Source | 2,567,000,000Source | 11,308,000,000Source | 8,480,000,000Source | 3,902,400,000Source | 721,500,000Source |
| Net Income (Loss) Available to Common Stockholders, BasicUSD | — | — | 2,615,000,000Source | 2,334,000,000Source | — | 3,175,000,000Source | — | 2,567,000,000Source | 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 | — | — | — | — | — | — | 2,549,000,000Source | 1,950,000,000Source | 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 | — | — | — | — | — | — | -120,000,000Source | -212,000,000Source | 727,000,000Source | 264,000,000Source | 353,100,000Source | -1,912,200,000Source |
income statement · annual statements
| Line item | Q4 2025 | Q4 2024 | Q3 2025 | Q3 2024 | Q2 2026 | Q2 2025 | Q1 2026 | Q1 2025 | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total RevenueUSD | — | — | 22,512,000,000Source | 19,719,000,000Source | 23,609,000,000Source | 22,004,000,000Source | 22,188,000,000Source | 20,409,000,000Source | 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 | — | — | 3,323,000,000Source | 2,946,000,000Source | 4,209,000,000Source | 3,982,000,000Source | 3,566,000,000Source | 3,236,000,000Source | 14,223,000,000Source | 10,713,000,000Source | 4,903,700,000Source | 922,100,000Source |
| Income Tax Expense (Benefit)USD | — | — | 708,000,000Source | 612,000,000Source | 898,000,000Source | 807,000,000Source | 748,000,000Source | 669,000,000Source | 2,915,000,000Source | 2,233,000,000Source | 1,001,300,000Source | 200,600,000Source |
| Net Income (Loss) Attributable to ParentUSD | — | — | 2,615,000,000Source | 2,334,000,000Source | 3,311,000,000Source | 3,175,000,000Source | 2,818,000,000Source | 2,567,000,000Source | 11,308,000,000Source | 8,480,000,000Source | 3,902,400,000Source | 721,500,000Source |
| Earnings Per Share, BasicUSD per share | — | — | 4.46Source | 3.98Source | 5.68Source | 5.42Source | 4.81Source | 4.38Source | 19.29Source | 14.45Source | 6.61Source | 1.19Source |
| Earnings Per Share, DilutedUSD per share | — | — | 4.45Source | 3.97Source | 5.67Source | 5.4Source | 4.8Source | 4.37Source | 19.23Source | 14.4Source | 6.58Source | 1.18Source |
| Weighted Average Number of Shares Outstanding, Basicshares | — | — | 586,500,000Source | 585,600,000Source | 583,000,000Source | 586,200,000Source | 585,600,000Source | 586,000,000Source | 586,300,000Source | 585,500,000Source | 584,900,000Source | 584,400,000Source |
| Weighted Average Number of Shares Outstanding, Dilutedshares | — | — | 588,200,000Source | 587,600,000Source | 584,200,000Source | 587,800,000Source | 586,900,000Source | 587,700,000Source | 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 | — | — | 19,189,000,000Source | 16,773,000,000Source | 19,400,000,000Source | 18,022,000,000Source | 18,622,000,000Source | 17,173,000,000Source | 73,448,000,000Source | 64,659,000,000Source | 57,204,800,000Source | 48,688,600,000Source |
| Common Stock, Dividends, Per Share, DeclaredUSD per share | — | — | 0.1Source | 0.1Source | 0.1Source | 0.1Source | 0.1Source | 0.1Source | 13.9Source | 4.9Source | 1.15Source | 0.4Source |
| Debt and Equity Securities, Gain (Loss)USD | — | — | 295,000,000Source | 288,000,000Source | 604,000,000Source | 387,000,000Source | -120,000,000Source | -212,000,000Source | 727,000,000Source | 264,000,000Source | 353,100,000Source | -1,912,200,000Source |
| Debt and Equity Securities, Realized Gain (Loss)USD | — | — | 12,000,000Source | 68,000,000Source | 16,000,000Source | 19,000,000Source | 96,000,000Source | 1,000,000Source | 248,000,000Source | -414,000,000Source | 13,700,000Source | 196,500,000Source |
| Debt and Equity Securities, Unrealized Gain (Loss)USD | — | — | 283,000,000Source | 220,000,000Source | 588,000,000Source | 368,000,000Source | -216,000,000Source | -213,000,000Source | 480,000,000Source | 679,000,000Source | 348,400,000Source | -2,100,100,000Source |
| Deferred Policy Acquisition Costs, Amortization ExpenseUSD | — | — | 1,555,000,000Source | 1,390,000,000Source | 1,567,000,000Source | 1,511,000,000Source | 1,538,000,000Source | 1,456,000,000Source | 6,096,000,000Source | 5,383,000,000Source | 4,665,100,000Source | 3,917,000,000Source |
| Equity Securities, FV-NI, Realized Gain (Loss)USD | — | — | 9,000,000Source | -5,000,000Source | 15,000,000Source | 1,000,000Source | 10,000,000Source | 31,000,000Source | 91,000,000Source | -9,000,000Source | 241,200,000Source | 775,900,000Source |
| Goodwill, Impairment LossUSD | — | — | — | — | — | — | — | — | — | 0Source | 0Source | 224,800,000Source |
| Interest Expense, DebtUSD | — | — | 70,000,000Source | 70,000,000Source | 88,000,000Source | 69,000,000Source | 70,000,000Source | 70,000,000Source | 278,000,000Source | 279,000,000Source | 268,400,000Source | 243,500,000Source |
| Investment Income, NetUSD | — | — | 1,209,000,000Source | 1,020,000,000Source | 1,573,000,000Source | 1,249,000,000Source | 789,000,000Source | 595,000,000Source | 4,276,000,000Source | 3,067,000,000Source | — | — |
| Liability for Unpaid Claims and Claims Adjustment Expense, Incurred ClaimsUSD | — | — | — | — | — | — | 13,827,000,000Source | 12,804,000,000Source | 53,959,000,000Source | 49,060,000,000Source | 45,654,600,000Source | 38,122,700,000Source |
| Net Income (Loss) Available to Common Stockholders, BasicUSD | — | — | 2,615,000,000Source | 2,334,000,000Source | — | 3,175,000,000Source | — | 2,567,000,000Source | 11,308,000,000Source | 8,463,000,000Source | 3,864,800,000Source | 694,600,000Source |
| Net Investment IncomeUSD | — | — | 914,000,000Source | 732,000,000Source | 969,000,000Source | 862,000,000Source | 909,000,000Source | 807,000,000Source | 3,549,000,000Source | 2,803,000,000Source | 1,865,600,000Source | 1,236,000,000Source |
| Preferred Stock Dividends, Income Statement ImpactUSD | — | — | 0Source | 0Source | — | 0Source | — | 0Source | 0Source | 17,000,000Source | 37,600,000Source | 26,900,000Source |
| Preferred Stock, Dividends Per Share, DeclaredUSD per share | — | — | 0Source | 0Source | — | 0Source | — | 0Source | 0Source | 15.69Source | — | — |
| Realized Investment Gains (Losses)USD | — | — | — | — | — | — | -120,000,000Source | -212,000,000Source | 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 ↗