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Progressive Corporation

Logo: Progressive Corporation, Public domain, via Wikimedia Commons6

American insurance company

The Progressive Corporation is an American insurance company headquartered in Mayfield, Ohio. It was co-founded in 1937 by Jack Green and Joseph M. Lewis. The company insures passenger vehicles, motorcycles, recreational vehicles (RVs), trailers, boats, personal water craft (PWC), and commercial vehicles.3 It employed about 27,200 people in 2010.1 Its revenue was $75.4 billion in 2024.1 Its shares trade on NYSE under the symbol PGR.1 Wikipedia text CC BY-SA 4.0

$218.36 up 4.61 (2.16%)Price as of Oct 16, 2026 at 19:58 UTC

Last updated Oct 21, 2026.

Overview

Mar 10, 1937Founded1

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  • TickerPGR on NYSE1
  • Industryvehicle insurance1
  • HeadquartersMayfield1
  • Websitewww.progressive.com
  • Incorporated inOH7
  • Business address300 North Commons Blvd., Mayfield Village, Oh 441437
  • Filer categoryLarge accelerated filer7
  • Legal formCorporation (For-Profit)4
  • LEI529900TACNVLY9DCR5864
  • StatusActive4
  • LEI statusIssued and current4
  • Registered addressc/o C T Corp., 4400 EASTON COMMONS WAY, SUITE 125, 43219 Columbus, United States4
  • Registered withCorporation Database (Ohio Secretary of State), 3373954

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PGR Corp HQ
Photo: Stevehockey5, CC BY 4.0, via Wikimedia Commons10

The Progressive Corporation is an American insurance company headquartered in Mayfield, Ohio. It was co-founded in 1937 by Jack Green and Joseph M. Lewis. The company insures passenger vehicles, motorcycles, recreational vehicles (RVs), trailers, boats, personal water craft (PWC), and commercial vehicles. Progressive also provides home, life, pet, and other types of insurance through select companies.3

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

12.9%Net margin11
16.3%Revenue growth, 202511
37.3%Return on equity11
$17.2BFree cash flow11

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Other costs84¢$73.4B
  • Income tax3¢$2.9B
  • Profit13¢$11.3B

Out of $87.7B in revenue.11

Where each dollar of operating cash went, fiscal 2025

  • Capital spending2¢$348.0M
  • Dividends paid16¢$2.9B
  • Kept or used elsewhere82¢$14.3B

Out of $17.5B of cash from operations.11

Financial statements

Revenue1213141511$87.7B in 2025+125% since 2019
0$25.0B$50.0B$75.0B$100.0B2019: $39.0B$39.0B20192020: $42.7B$42.7B2020+9%2021: $47.7B$47.7B2021+12%2022: $49.6B$49.6B2022+4%2023: $62.1B$62.1B2023+25%2024: $75.4B$75.4B2024+21%2025: $87.7B$87.7B2025+16%
Net income1213141511$11.3B in 2025+185% since 2019
0$5.0B$10.0B$15.0B2019: $4.0B$4.0B20192020: $5.7B$5.7B2020+44%2021: $3.4B$3.4B2021−41%2022: $722.0M$722.0M2022−78%2023: $3.9B$3.9B2023+441%2024: $8.5B$8.5B2024+117%2025: $11.3B$11.3B2025+33%

Every line of the income statement as filed: the last 3 fiscal years, latest first.11

Period ending2025-12-312024-12-312023-12-31
Net premiums earned$81.7B$70.8B$58.7B
Investment income$3.6B$2.8B$1.9B
Net realized gains (losses) on security sales$248.0M-$414.0M$14.0M
Net holding period gains (losses) on securities$480.0M$679.0M$348.0M
Net impairment losses-$1.0M-$1.0M-$9.0M
Total net realized gains (losses) on securities$727.0M$264.0M$353.0M
Fees and other revenues$1.2B$1.1B$889.0M
Service revenues$504.0M$413.0M$310.0M
Total revenues$87.7B$75.4B$62.1B
Losses and loss adjustment expenses$54.0B$49.1B$45.7B
Policy acquisition costs$6.1B$5.4B$4.7B
Other underwriting expenses$11.3B$9.5B$6.2B
Policyholder credit expense$1.2B$0$0
Investment expenses$34.0M$29.0M$26.0M
Service expenses$528.0M$446.0M$349.0M
Interest expense$278.0M$279.0M$268.0M
Total expenses$73.4B$64.7B$57.2B
Income before income taxes$14.2B$10.7B$4.9B
Provision for income taxes$2.9B$2.2B$1.0B
Net income$11.3B$8.5B$3.9B
Total net unrealized gains (losses) on fixed-maturity securities$1.5B$193.0M$1.2B
Net unrealized losses on forecasted transactions$1.0M$0$0
Other comprehensive income (loss)$1.5B$193.0M$1.2B
Comprehensive income (loss)$12.8B$8.7B$5.1B
Less: Preferred share dividends and other$0$17.0M$38.0M
Net income available to common shareholders$11.3B$8.5B$3.9B
Average common shares outstanding Basic586.3M shares585.5M shares584.9M shares
Net effect of dilutive stock-based compensation1.8M shares2.2M shares2.6M shares
Total average equivalent common shares Diluted588.1M shares587.7M shares587.5M shares
Basic: Earnings per common share (usd per share)$19.29$14.45$6.61
Diluted: Earnings per common share (usd per share)$19.23$14.40$6.58

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Corporate structure

Progressive Corporation sits at the top of its group. 77 entities, 2 countries on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of Progressive Corporation

  • Progressive Corporation Mayfield Village, Ohio, United States
    • 358 Ventures, Inc. Subsidiary · Ohio, United States
    • American Strategic Insurance Corp. Subsidiary · Indiana, United States
    • Artisan and Truckers Casualty Company Subsidiary · Wisconsin, United States
    • ARX Holding Corp. Subsidiary · Delaware, United States
    • ASI Assurance Corp. Subsidiary · Florida, United States
    • ASI Home Insurance Corp. Subsidiary · Florida, United States
    • ASI Lloyds, Inc. Subsidiary · Texas, United States
    • ASI Preferred Insurance Corp. Subsidiary · Florida, United States
    • ASI Select Auto Insurance Corp. Subsidiary · California, United States
    • ASI Select Insurance Corp. Subsidiary · Indiana, United States
    • ASI Underwriters Corp. Subsidiary · Florida, United States
    • B&L Brokerage Services, Inc. Subsidiary · Indiana, United States
    • B&L Insurance Ltd. Subsidiary · Bermuda
    • B&L Management, Inc. Subsidiary · Delaware, United States
    • Blue Hill Specialty Insurance Company Inc. Subsidiary · Illinois, United States
    • Drive Insurance Company Subsidiary · Ohio, United States
    • Drive New Jersey Insurance Company Subsidiary · New Jersey, United States
    • Gadsden, AL, LLC Subsidiary · Ohio, United States
    • Garden Sun Insurance Services, Inc. Subsidiary · Hawaii, United States
    • Mountain Laurel Assurance Company Subsidiary · Ohio, United States
    • National Continental Insurance Company Subsidiary · New York, United States
    • Pacific Motor Club Subsidiary · California, United States
    • PC Investment Company Subsidiary · Delaware, United States
    • ProgNY Agency, Inc. Subsidiary · New York, United States
    • Progressive Adjusting Company, Inc. Subsidiary · Ohio, United States
    • and 51 more

Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What Progressive Corporation reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Property and equipment, before depreciation$2.2B11 Dec 31, 2025$2.3B11 Dec 31, 2024−0.4%
Accumulated depreciation$1.5B11 Dec 31, 2025$1.5B11 Dec 31, 2024−0.1%
Property and equipment, net$783.0M11 Dec 31, 2025$790.0M11 Dec 31, 2024−0.9%
Operating-lease assets (leased space)$199.0M11 Dec 31, 2025$193.0M11 Dec 31, 2024+3.1%

Investments

ItemLatestA year beforeChange
Marketable securities, current$10.0B11 Dec 31, 2025$615.0M11 Dec 31, 2024+1526.8%
Debt securities available for sale$92.9B11 Dec 31, 2025$75.9B11 Dec 31, 2024+22.3%
Equity securities at fair value$4.5B11 Dec 31, 2025$4.3B11 Dec 31, 2024+4.6%

Intangibles and goodwill

ItemLatestA year beforeChange
Goodwill$228.0M15 Dec 31, 2024$228.0M15 Dec 31, 20230%

Properties, in its own words

All of our properties are owned or leased by subsidiaries of The Progressive Corporation and are used for office functions, as call centers, as data centers, for training, or for warehouse space.

At December 31, 2025, we owned 38 buildings located throughout the U.S. About one third of these buildings are claims offices. Our owned facilities, which contain approximately 3.3 million square feet of space, are generally not segregated by segment. We own significant locations in Mayfield Village, Ohio and surrounding suburbs (including our corporate headquarters); Colorado Springs, Colorado; and St. Petersburg, Florida.

The rest of Item 2

We lease approximately 1.9 million square feet of space throughout the U.S. These leases are generally short-term to medium-term leases of commercial space.

Item 2 of the 10-K filed Mar 2, 2026.20

The story

History

Progressive was formed in 1937 by attorneys Jack Green and Joseph M. Lewis in Cleveland, Ohio, as Progressive Mutual Insurance Company. In 1956, the company found a niche by insuring more risky drivers. In 1965, Peter B. Lewis, son of Joseph Lewis, and his mother borrowed $2.5 million, pledging their majority stake as collateral, and completed a leveraged buyout of Progressive. In 1971, Progressive conducted an initial public offering (IPO) and became a publicly-traded company. In 1987, the sum of the company's written premiums surpassed $1 billion, and by 2016 that number reached $20 billion.

Progressive claims to have been the first auto insurance company to allow customers to purchase insurance policies over the phone in 1993, to have a website in 1995, and to have policies available for purchase online in 1997. Later, Progressive enabled customers to use mobile browsers and smartphone apps for rating and managing policies. It also reports to be the first to offer 24/7 claims reporting. On December 13, 2006, the company said earnings rose 58 percent in November as the company retained more of the premiums it collected because of comparisons to a month affected by Hurricane Katrina claims.

Industry information

Progressive is the second-largest auto insurer in the United States as of the 2023 fiscal year, with 15.2% of the market, behind State Farm's share of 18.3%. Progressive primarily offers its services through the internet, by telephone or through independent insurance agents. Progressive’s agency business sells insurance through more than 30,000 independent insurance agents and progressiveagent.com where customers can quote their own policies and then contact an agent to complete the sale.

In December 2009, Progressive announced it was selling car insurance in Australia. Initially called Progressive Direct, it rebranded as Progressive in 2011, and later rebranded as PD Insurance in 2019.

From Wikipedia’s article on Progressive Corporation, shared under CC BY-SA 4.0.8

Leadership

Who has led Progressive Corporation, and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Glenn M. Renwick2003–2016
  2. John F. Auer2015–2018
  3. Susan Patricia Griffith2016–now

Chair

  1. Peter B. Lewis2003–2013
  2. Glenn M. Renwick2014–2017

President

  1. Alan R. Bauer2003–2006
  2. Glenn M. Renwick2003–2016
  3. Brian J. Passell2004–2008
  4. Richard H. Watts2004–2006
  5. Brian A. Silva2006
  6. John A. Barbagallo2006–2021
  7. Susan Patricia Griffith2008–2013
  8. John P. Sauerland2013–2015
  9. Patrick K. Callahan2015
  10. Michael D. Sieger2015–2022
  11. Karen Bailo2020–2021
  12. Lori A. Niederst2021–2026
  13. Heather E. Day2026–now

Chief financial officer

  1. Brian Domeck2006–2007
  2. John P. Sauerland2015–2026
  3. Andrew J. Quigg2026–now

Chief operating officer

  1. Susan Patricia Griffith2015–2016
197019801990200020102020
Board members and other officers (57)

Products and brands

Segments

The company operates in three segments: personal lines, commercial auto, and other indemnity.

The personal lines segment writes insurance for private passenger automobiles, motorcycles, boats, and recreational vehicles through both an independent agency channel and a direct channel.

The commercial auto segment writes primary liability and physical damage insurance for automobiles and trucks owned by businesses primarily through an independent agency channel.

The other-indemnity segment provides professional liability insurance to community banks, principally directors, and officers liability insurance. It also provides insurance-related services, primarily providing policy issuance and claims adjusting services in 25 states for Commercial Auto Insurance Procedures/Plans.

Read the full text

Products

According to a February 2011 Wall Street Journal article, Progressive has a leg up on its rivals in Pay As You Drive insurance, a form of vehicle insurance also generically known as usage-based insurance. Progressive has seven U.S. patents covering usage-based insurance methods and systems, with more patents pending. Progressive began working on the concept in the mid-1990s and continues to refine the concept and bring it to the mass market.

Snapshot is Progressive's Pay As You Drive, or usage-based insurance program. Snapshot is a voluntary discount program where drivers can save money on their car insurance by sharing their driving habits with Progressive. According to Progressive, Snapshot is best for people who drive less, in safer ways and during safer times of day. Snapshot customers can make changes to their driving habits that will lead to bigger discounts by checking their driving data and projected discount on progressive.com over the course of their initial policy period.

Drivers plug a device the size of a garage door opener into the on-board diagnostic (OBD) port of their car. The device records and sends the driving data to Progressive, and Progressive uses that information to calculate the rate. After 30 days, customers find out if they're eligible for a discount based on that 30-day "snapshot" of their driving habits. At the end of a six-month policy period, Progressive calculates the customer's renewal discount and customers return the device to Progressive. The company doesn't take into account how fast the car goes although it does take into account how fast and frequently the vehicle operator brakes. Snapshot is voluntary and customers can opt out at any time. The customer is charged up to $50.00 if they do not return the snapshot device to Progressive should they decide not to engage in the program after receiving it.

Snapshot is currently available in 45 states plus the District of Columbia. Because insurance is regulated at the state level, Snapshot is currently not available in Alaska, California, Hawaii, and North Carolina.

From Wikipedia’s article on Progressive Corporation, shared under CC BY-SA 4.0.8

Subsidiaries and ownership

Subsidiaries (Exhibit 21)

  • 358 Ventures, Inc. Ohio9
  • ARX Holding Corp. Delaware9
  • ASI Assurance Corp. Florida9
  • ASI Home Insurance Corp. Florida9
  • ASI Lloyds, Inc. Texas9
  • ASI Preferred Insurance Corp. Florida9
  • ASI Select Auto Insurance Corp. California9
  • ASI Select Insurance Corp. Indiana9
  • ASI Underwriters Corp. Florida9
  • American Strategic Insurance Corp. Indiana9
  • Artisan and Truckers Casualty Company Wisconsin9
  • B&L Brokerage Services, Inc. Indiana9
  • B&L Insurance Ltd. Bermuda9
  • B&L Management, Inc. Delaware9
  • Blue Hill Specialty Insurance Company Inc. Illinois9
  • Drive Insurance Company Ohio9
  • Drive New Jersey Insurance Company New Jersey9
  • Gadsden, AL, LLC Ohio9
  • Garden Sun Insurance Services, Inc. Hawaii9
  • Mountain Laurel Assurance Company Ohio9
  • National Continental Insurance Company New York9
  • PC Investment Company Delaware9
  • Pacific Motor Club California9
  • ProgNY Agency, Inc. New York9
All 77 listed subsidiaries
  • Progressive Adjusting Company, Inc. Ohio9
  • Progressive Advanced Insurance Company Ohio9
  • Progressive Advantage Agency, Inc. Ohio9
  • Progressive Agency Holdings, Inc. Delaware9
  • Progressive American Insurance Company Ohio9
  • Progressive Auto Pro Insurance Agency, Inc. Florida9
  • Progressive Bayside Insurance Company Ohio9
  • Progressive Capital Management Corp. New York9
  • Progressive Casualty Insurance Company Ohio9
  • Progressive Choice Insurance Company Ohio9
  • Progressive Classic Insurance Company Wisconsin9
  • Progressive Commercial Advantage Agency, Inc. Ohio9
  • Progressive Commercial Casualty Company Ohio9
  • Progressive Commercial Holdings, Inc. Delaware9
  • Progressive Direct Holdings, Inc. Delaware9
  • Progressive Direct Insurance Company Ohio9
  • Progressive Express Insurance Company Ohio9
  • Progressive Freedom Insurance Company Ohio9
  • Progressive Garden State Insurance Company New Jersey9
  • Progressive Gulf Insurance Company Ohio9
  • Progressive Hawaii Insurance Corp. Ohio9
  • Progressive Investment Company, Inc. Delaware9
  • Progressive Life Insurance Company Ohio9
  • Progressive Marathon Insurance Company Michigan9
  • Progressive Max Insurance Company Ohio9
  • Progressive Michigan Insurance Company Michigan9
  • Progressive Mountain Insurance Company Ohio9
  • Progressive Next Inc. Delaware9
  • Progressive Northern Insurance Company Wisconsin9
  • Progressive Northwestern Insurance Company Ohio9
  • Progressive Paloverde Insurance Company Indiana9
  • Progressive Preferred Insurance Company Ohio9
  • Progressive Premier Insurance Company of Illinois Ohio9
  • Progressive Premium Budget, Inc. Ohio9
  • Progressive Property Insurance Company Louisiana9
  • Progressive RSC, Inc. Ohio9
  • Progressive Security Insurance Company Louisiana9
  • Progressive Select Insurance Company Ohio9
  • Progressive Southeastern Insurance Company Indiana9
  • Progressive Specialty Insurance Company Ohio9
  • Progressive Universal Insurance Company Wisconsin9
  • Progressive Vehicle Service Company Ohio9
  • PropertyPlus Insurance Agency, Inc. Delaware9
  • Protective Insurance Company Indiana9
  • Protective Insurance Corporation Indiana9
  • Protective Specialty Insurance Company Indiana9
  • Sagamore Insurance Company Indiana9
  • Sunshine Security Insurance Agency, Inc. Florida9
  • Transport Specialty Insurance Agency, Inc. Michigan9
  • Trussville/Cahaba, AL, LLC Ohio9
  • United Financial Casualty Company Ohio9
  • Village Transport Corp. Delaware9
  • Wilson Mills Land Co. Ohio9

The subsidiaries the company lists in Exhibit 21 of its annual report, as filed.

Employees over time

  • 201027,2501

Timeline

  1. Oct 14, 20268-K Results of operations94
  2. Sep 18, 20268-K Regulation FD disclosure95
  3. Aug 19, 20268-K Regulation FD disclosure96
  4. Aug 10, 20268-K Regulation FD disclosure97
  5. Jul 15, 20268-K Results of operations98
  6. Jun 17, 20268-K Executive or director change; Regulation FD disclosure99
  7. May 20, 20268-K Regulation FD disclosure100
  8. May 12, 20268-K Executive or director change; Shareholder vote; Regulation FD disclosure101
  9. Apr 15, 20268-K Results of operations102
  10. Mar 26, 20268-K Other events103
  11. Mar 18, 20268-K Regulation FD disclosure104
  12. Feb 18, 20268-K Regulation FD disclosure105
  13. Jul 6, 2016New chief executive Susan Patricia Griffith becomes CEO21
  14. Apr 13, 2015New chief executive John F. Auer becomes CEO22
  15. Jul 2, 2003New chief executive Glenn M. Renwick becomes CEO23
  16. Jan 2, 1990Went public Listed on NYSE1
  17. Mar 10, 1937Founded Founded1

Calendar

Coming up

  1. Around Jan 13, 2027Next results, estimated About a quarter after its last report. The company hasn't announced the date.

When it reported results

  1. Oct 14, 2026Reported quarterly or annual results94
  2. Jul 15, 2026Reported quarterly or annual results98
  3. Apr 15, 2026Reported quarterly or annual results102
  4. Jan 28, 2026Reported quarterly or annual results106
  5. Oct 15, 2025Reported quarterly or annual results107
  6. Jul 16, 2025Reported quarterly or annual results108
  7. Apr 16, 2025Reported quarterly or annual results109
  8. Jan 29, 2025Reported quarterly or annual results110

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

1,196 filings to the SEC since October 2021: 5 annual reports, 15 quarterly reports, 77 major events, 914 insider forms, 11 large holders, 174 other. The latest 20:

  1. Oct 14, 20268-K EDGAR
  2. Oct 13, 20264 PRIMARY DOCUMENT EDGAR
  3. Oct 13, 20264 PRIMARY DOCUMENT EDGAR
  4. Oct 13, 20264 PRIMARY DOCUMENT EDGAR
  5. Oct 13, 20264 PRIMARY DOCUMENT EDGAR
  6. Oct 13, 20264 PRIMARY DOCUMENT EDGAR
  7. Oct 13, 20264 PRIMARY DOCUMENT EDGAR
  8. Oct 13, 20264 PRIMARY DOCUMENT EDGAR
  9. Oct 13, 20264 PRIMARY DOCUMENT EDGAR
  10. Oct 13, 20264 PRIMARY DOCUMENT EDGAR
  11. Oct 13, 20264 PRIMARY DOCUMENT EDGAR
  12. Oct 13, 20264 PRIMARY DOCUMENT EDGAR
  13. Oct 13, 20264 PRIMARY DOCUMENT EDGAR
  14. Oct 13, 20264 PRIMARY DOCUMENT EDGAR
  15. Oct 13, 20264 PRIMARY DOCUMENT EDGAR
  16. Oct 13, 20264 PRIMARY DOCUMENT EDGAR
  17. Oct 13, 20264 PRIMARY DOCUMENT EDGAR
  18. Oct 13, 20264 PRIMARY DOCUMENT EDGAR
  19. Oct 13, 20264 PRIMARY DOCUMENT EDGAR
  20. Oct 13, 20264 PRIMARY DOCUMENT EDGAR

The 1,196 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

175 open-market trades by officers, directors and large owners since October 2021: 0 buys and 175 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Sep 24, 2026Broz StevenChief Information OfficerSale1,225$204.29$250.3KForm 4
Sep 1, 2026Griffith Susan PatriciaPresident and CEOSale37,338$219.50$8.2MForm 4
Aug 20, 2026Broz StevenChief Information OfficerSale1,225$219.40$268.8KForm 4
Aug 13, 2026Niederst Lori AChief Personal Lines OfficerSale7,339$209.29$1.5MForm 4
Jul 28, 2026Quigg Andrew JVP and Chief Financial OfficerSale3,499$220.00$769.8KForm 4
Jul 27, 2026Murphy John JoClaims PresidentSale8,124$212.70$1.7MForm 4
Jul 27, 2026Griffith Susan PatriciaPresident and CEOSale37,338$212.71$7.9MForm 4
Jul 27, 2026Bauer Jonathan S.Chief Investment OfficerSale2,242$212.71$476.9KForm 4
Jul 27, 2026Bailo KarenCommercial Lines PresidentSale8,452$212.71$1.8MForm 4
Jul 23, 2026Broz StevenChief Information OfficerSale1,156$205.17$237.2KForm 4
Jun 24, 2026KELLY JEFFREY DDirectorSale7,000$216.33$1.5MForm 4
Jun 22, 2026Broz StevenChief Information OfficerSale1,157$204.76$236.9KForm 4
Jun 5, 2026Murphy John JoClaims PresidentSale5,916$200.00$1.2MForm 4
Jun 5, 2026Broz StevenChief Information OfficerSale1,157$200.00$231.4KForm 4
Apr 16, 2026Johnson Devin CDirectorSale980$203.10$199.0KForm 4
Mar 20, 2026Joyce Carl GChief Accounting OfficerSale270$206.50$55.8KForm 4
Mar 5, 2026Joyce Carl GChief Accounting OfficerSale141$212.00$29.9KForm 4
Mar 5, 2026Bailo KarenCommercial Lines PresidentSale3,517$212.00$745.6KForm 4
Feb 24, 2026Pumarejo MaribelChief Marketing OfficerSale739$203.25$150.1KForm 4
Feb 23, 2026Bauer Jonathan S.Chief Investment OfficerSale2,266$203.05$460.1KForm 4

All 175 trades can be filtered by person here when JavaScript is on.

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Executive pay

What the company paid its top executives, from the summary compensation table in its proxy statement. Total pay includes salary, bonus, stock and option awards and other pay, as the company valued them.

YearExecutiveAgeSalaryTotal pay
2025Susan Patricia Griffith$1.1M$17.7M115
2025John P. Sauerland$770.4K$6.2M115
2025Patrick K. Callahan$697.7K$5.4M115
2025Karen B. Bailo$671.0K$4.0M115
2025John Murphy$627.1K$3.5M115
2024President and Chief Executive Officer$1.0M$16.4M115
2024Vice President and Chief Financial Officer$731.0K$5.5M115
2024Personal LinesPresident$676.5K$5.0M115
2024Commercial LinesPresident$635.4K$3.7M115
2024Claims President$602.1K$3.2M115
2023President and Chief Executive Officer$994.2K$15.6M115
2023Vice President and Chief Financial Officer$697.1K$5.2M115
2023Personal LinesPresident$647.1K$4.8M115
2023Commercial LinesPresident$594.2K$3.2M115
2023Claims President$576.5K$3.1M115

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
BlackRock, Inc.48,048,848$10.5B0.2%−4,274,758
Vanguard Capital Management LLC38,148,192$8.3B0.2%+49,833
Capital Research Global Investors26,549,107$5.8B0.8%+3,974,965
State Street Corp26,526,959$5.8B0.2%+656,249
Geode Capital Management, LLC17,009,978$3.7B0.2%+753,134
Capital World Investors12,490,946$2.7B0.3%−1,682,593
Bank Of America Corp /de/12,278,975$2.7B0.2%−595,177
Vanguard Portfolio Management LLC11,686,468$2.6B0.1%−9,752
Fmr LLC11,213,445$2.4B0.1%+3,384,651
Jpmorgan Chase & Co10,295,927$2.3B0.1%−1,829,605
Morgan Stanley9,313,526$2.0B0.1%+465,349
Norges Bank8,647,114$1.9B0.2%New
Alliancebernstein L.P.9,178,776$1.8B0.6%−986,877
Capital International Investors7,704,091$1.7B0.3%−1,117,509
Massachusetts Financial Services Co /ma/7,663,770$1.7B0.5%−4,435,885
GQG Partners LLC7,043,101$1.5B2.9%−2,095,839
UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC6,784,205$1.5B0.3%+410,326
PeakShares LLC6,101$1.3B1.0%+450
Arrowstreet Capital, Limited Partnership6,092,628$1.3B0.6%+3,428,801
Northern Trust Corp5,776,119$1.3B0.1%−61,328
Wellington Management Group Llp5,729,113$1.3B0.2%−749,882
Artisan Partners Limited Partnership5,132,462$1.1B1.8%−76,542
Goldman Sachs Group Inc5,056,352$1.1B0.1%−48,654
Deutsche Bank Ag\5,030,160$1.1B0.3%+209,607
Charles Schwab Investment Management Inc4,783,863$1.0B0.1%+360,222

13F reports cover disclosed long positions in U.S. stocks only.

Members of Congress who traded it

56 trades disclosed by members of Congress, the latest 25. “Vs S&P since” is the stock’s change since the trade minus the S&P 500’s.

DateMemberTradeAmountVs S&P sinceFiling
Jul 17, 2026Gilbert Ray Cisneros, Jr.Democratic, HousePartial sale$1,001 - $15,000+1.0%Report
Jun 16, 2026Gilbert Ray Cisneros, Jr.Democratic, HouseBuy$1,001 - $15,000+1.6%Report
Apr 27, 2026David J. TaylorRepublican, HouseBuy$1,001 - $15,000−2.1%Report
Mar 27, 2026Alan ArmstrongRepublican, SenateSale$15,001 - $50,000+14.2%Report
Feb 10, 2026David J. TaylorRepublican, HouseBuy$1,001 - $15,000−6.0%Report
Feb 10, 2026Gilbert Ray Cisneros, Jr.Democratic, HousePartial sale$1,001 - $15,000+6.0%Report
Jan 16, 2026David J. TaylorRepublican, HouseBuy$1,001 - $15,000−6.0%Report
Jan 9, 2026Gilbert Ray Cisneros, Jr.Democratic, HouseBuy$1,001 - $15,000−11.9%Report
Dec 18, 2025Julie JohnsonDemocratic, HouseSale$1,001 - $15,000+19.0%Report
Nov 13, 2025Julie JohnsonDemocratic, HousePartial sale$1,001 - $15,000+19.1%Report
Nov 3, 2025David J. TaylorRepublican, HouseBuy$1,001 - $15,000−8.0%Report
Nov 3, 2025David J. TaylorRepublican, HouseBuy$1,001 - $15,000−8.0%Report
Oct 27, 2025Sheldon WhitehouseDemocratic, SenateSale$15,001 - $50,000+13.9%Report
Oct 24, 2025Byron DonaldsRepublican, HouseBuy$1,001 - $15,000−16.4%Report
Oct 9, 2025Byron DonaldsRepublican, HouseBuy$1,001 - $15,000−26.7%Report
Oct 9, 2025Byron DonaldsRepublican, HouseBuy$1,001 - $15,000−26.7%Report
Sep 23, 2025Val T. HoyleDemocratic, HouseSale$1,001 - $15,000+26.8%Report
Sep 4, 2025Byron DonaldsRepublican, HouseSale$1,001 - $15,000+33.1%Report
Sep 4, 2025Byron DonaldsRepublican, HouseSale$1,001 - $15,000+33.1%Report
Aug 14, 2025Julie JohnsonDemocratic, HousePartial sale$1,001 - $15,000+34.5%Report
Jul 18, 2025David J. TaylorRepublican, HouseBuy$1,001 - $15,000−36.2%Report
Jul 16, 2025Lisa C. McClainRepublican, HouseSale$1,001 - $15,000+36.9%Report
Jul 10, 2025Lisa C. McClainRepublican, HouseBuy$1,001 - $15,000−37.6%Report
Jun 6, 2025Val T. HoyleDemocratic, HouseBuy$1,001 - $15,000−52.3%Report
May 12, 2025Jefferson ShreveRepublican, HouseSale$50,001 - $100,000+56.1%Report

Members report amounts as ranges, not exact figures. Returns are price-only (no dividends).

SEC filer profile

How Progressive Corporation is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARPROGRESSIVE CORP/OH/2
  • CIK0000080661
  • Employer ID (EIN)34-096316920
  • Filer statusLarge accelerated filer not an emerging growth company; not a smaller reporting company; not a shell company20
  • Incorporated inOhio20
  • Fiscal year endsDecember 312
  • Industry code (SIC)6331 Fire, Marine & Casualty Insurance2
  • SEC reviewing officeOffice of Finance, Division of Corporation Finance2
  • Business address300 North Commons Blvd., Mayfield Village, OH 441432
  • Phone44046150002
  • Shares outstanding581,371,770 as of Jul 2, 202618
  • Public float$155.9B as of Jun 30, 202520
  • AuditorPricewaterhouseCoopers LLP, Cleveland, Ohio PCAOB ID 238; it also attests to the company’s internal control over financial reporting20
  • On EDGAR sinceJan 7, 19942
  • Filings4,170 in all: 4 (2,982), 8-K (452), 144 (134), SC 13G/A (103), 10-Q (98), 11-K (51), 3 (40), 4/A (35)2
    All 44 form types

    DEF 14A (33), 10-K (31), 424B5 (29), SC 13G (20), S-8 (15), UPLOAD (15), FWP (14), PRE 14A (12), DEFA14A (11), S-3ASR (10), CORRESP (9), S-8 POS (9), 5 (8), SC 13D/A (6), SC TO-I/A (6), 424B2 (5), 3/A (4), ARS (4), S-3 (4), 10-K/A (3), POS AM (3), SC 13D (3), SCHEDULE 13G/A (3), 10-K405 (2), 10-Q/A (2), 8-K/A (2), POSASR (2), PX14A6G (2), 11-K/A (1), 15-12G (1), 305B2 (1), EFFECT (1), NO ACT (1), SC TO-C (1), SC TO-I (1), SCHEDULE 13G (1)

  • Latest filingsAnnual report (10-K) Mar 2, 2026
    Quarterly report (10-Q) Aug 3, 2026
    Proxy statement (DEF 14A) Mar 23, 2026
    Latest 8-K (8-K) Oct 14, 2026

Securities registered for trading

ClassSymbolExchange
Common Shares, $1.00 Par ValuePGRNew York Stock Exchange

From the cover page of the 10-K filed Mar 2, 2026 (Section 12(b) of the Exchange Act).20

Risk factors and legal proceedings

The risks Progressive Corporation names in Item 1A of its 10-K filed Mar 2, 2026: 29 risks under these headings, as written.20

  • Our success depends on our ability to underwrite and price risks accurately and to charge adequate rates to policyholders.
  • Our success depends on our ability to establish accurate loss reserves.
  • Our insurance operating results have been and likely will continue to be materially adversely affected by severe weather and other catastrophe events, and climate change may be exacerbating these events and their impacts.
  • Our success will depend on our ability to continue to accurately predict our reinsurance needs, obtain sufficient reinsurance coverage for our property and other businesses at reasonable cost, and collect under our reinsurance arrangements.
  • Our business depends on the secure and uninterrupted operation of our systems, facilities, and business functions and the operation of various third-party systems.
  • Our business could be materially adversely affected by a security breach or other attack involving our technology systems or the systems of one or more of our vendors.
  • We must maintain a brand and reputation that is recognized and trusted by consumers.
  • Our success depends on our ability to innovate effectively and respond to our competitors’ initiatives.
  • We must effectively manage complexity as we develop and deliver high-quality products and customer experiences.
  • We compete in property and casualty insurance markets that are highly competitive.
  • Our success depends on our ability to adjust claims accurately.
  • We are subject to a variety of complex laws and regulations.
The other 17 risks
  • Misconduct or fraudulent acts by employees, agents, and third parties may expose us to financial loss, disruption of business, and/or regulatory assessments.
  • Our ability to attract, develop, and retain talent, including employees, managers, and executives, and to maintain appropriate staffing levels, is critical to our success.
  • Lawsuits challenging our business practices, and those of our competitors and other companies, are pending and more may be filed in the future.
  • Our long-term business strategy and efforts to acquire or develop new products or enter new areas of business may not be successful and may create enhanced risks.
  • Intellectual property rights could affect our competitiveness and our business operations.
  • Our development and use of new technology, such as generative and agentic artificial intelligence, may present additional risks, may not be successful, and could have a material adverse effect on our business.
  • The performance of our fixed-income and equity investment portfolios is subject to a variety of investment risks.
  • New regulations and societal pressures relating to Sustainability and other public policy matters could negatively impact our returns or cause us to change our investing strategies in ways that could negatively impact our results.
  • The inability to access our cash accounts or to convert investments into cash on favorable terms when we desire to do so may materially and adversely affect our business, cash flows, and capital position.
  • Our financial condition may be adversely affected if one or more parties with which we enter into significant contracts or transact business (including under certain government programs) become insolvent, experience other financial difficulties, or default in the performance of contractual or reimbursement obligations.
  • Our insurance subsidiaries may be limited in the amount of dividends that they can pay, which in turn may limit our ability to repay indebtedness, make capital contributions to other subsidiaries or affiliates, pay dividends to shareholders, repurchase securities, or meet other obligations.
  • If we are unable to obtain capital when necessary to support our business, our financial condition and our ability to grow could be materially adversely affected.
  • Our access to capital markets, ability to obtain or renew financing arrangements, obligations to post collateral under certain derivative contracts, and business operations are dependent on favorable evaluations and ratings by credit and other rating agencies.
  • Our dividend policy likely will result in varying amounts being paid to our common shareholders, or no payment in some periods, and the dividend policy ultimately may be changed in the discretion of the Board of Directors.
  • Our investments in certain tax-advantaged projects may not generate the anticipated tax benefits and related returns.
  • Our goal is to maximize the long-term value of the enterprise and we do not manage to short-term earnings expectations, which may adversely affect short-term results.
  • Our business and results of operations could be adversely affected by epidemics, pandemics, or other widespread health risks.

Legal proceedings

For discussion of legal proceedings, see Note 12 – Litigation in our Annual Report, which is incorporated herein by reference.

The opening of Item 3, Legal Proceedings.20

Sources

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