The Progressive Corporation (BIT:1PGR)

BIT:1PGR Balance Sheet

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Investments in Debt Securities	77,101	75,332	60,378	46,468	43,691	36,616
Investments in Equity & Preferred Securities	3,968	4,303	3,831	4,219	6,880	5,696
Other Investments	2,595	615	1,790	2,862	942.6	5,219
Total Investments	83,664	80,250	65,999	53,548	51,514	47,530
Cash & Equivalents	195	143	85	203.5	187.1	76.5
Reinsurance Recoverable	4,449	4,765	5,094	5,832	4,981	4,019
Other Receivables	17,395	14,963	12,396	10,699	10,142	8,337
Deferred Policy Acquisition Cost	2,068	1,961	1,687	1,544	1,356	1,237
Property, Plant & Equipment	854	983	1,054	1,165	1,310	1,272
Goodwill	-	228	228	227.9	452.7	452.7
Other Intangible Assets	-	-	-	-	117.3	171.4
Restricted Cash	12	11	15	17.4	15	-
Other Current Assets	423	478	327	344.2	468.4	424.7
Long-Term Deferred Tax Assets	860	996	976	1,174	16.3	11.9
Long-Term Deferred Charges	-	121	88	63.4	47.7	25.3
Other Long-Term Assets	1,489	846	742	646.2	525.8	540.9
Total Assets	111,409	105,745	88,691	75,465	71,132	64,098
Accounts Payable	7,992	10,124	6,513	5,522	5,743	4,514
Unpaid Claims	39,822	39,057	34,389	30,359	26,164	20,266
Unearned Premiums	26,612	23,858	20,134	17,294	15,616	13,438
Current Portion of Leases	-	81	-	-	-	-
Current Income Taxes Payable	838	26	312	10.9	-	163.5
Long-Term Debt	6,894	6,893	6,889	6,388	4,899	5,396
Long-Term Leases	-	115	177	-	180.9	179
Long-Term Deferred Tax Liabilities	-	-	-	-	154.4	314
Other Current Liabilities	-	-	-	-	-	2,695
Other Long-Term Liabilities	297	-	-	-	143.4	95.5
Total Liabilities	82,455	80,154	68,414	59,574	52,901	47,060
Preferred Stock, Redeemable	-	-	494	493.9	493.9	493.9
Common Stock	586	586	585	584.9	584.4	585.2
Additional Paid-In Capital	2,160	2,145	2,013	1,893	1,773	1,673
Retained Earnings	26,732	24,283	18,801	15,721	15,340	13,355
Comprehensive Income & Other	-524	-1,423	-1,616	-2,802	40.7	931.7
Total Common Equity	28,954	25,591	19,783	15,397	17,738	16,545
Shareholders' Equity	28,954	25,591	20,277	15,891	18,232	17,039
Total Liabilities & Equity	111,409	105,745	88,691	75,465	71,132	64,098
Filing Date Shares Outstanding	586.22	586.21	585.68	585.34	584.85	585.75
Total Common Shares Outstanding	586	585.8	585.3	584.9	584.4	585.2
Total Debt	6,894	7,089	7,066	6,388	5,080	5,575
Net Cash (Debt)	-6,699	-6,946	-6,981	-6,185	-4,893	-5,499
Net Cash Per Share	-11.40	-11.82	-11.88	-10.53	-8.33	-9.36
Book Value Per Share	49.41	43.69	33.80	26.32	30.35	28.27
Tangible Book Value	28,954	25,363	19,555	15,169	17,168	15,921
Tangible Book Value Per Share	49.41	43.30	33.41	25.93	29.38	27.21
Land	-	52	103	123.1	154.1	151.6
Buildings	-	576	733	844.1	904.5	872.7
Machinery	-	370	353	318.1	261.3	253.8

Source: S&P Global Market Intelligence. Insurance template. Financial Sources.