The Progressive Corporation (PGR)

PGR Balance Sheet

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

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Debt Securities	92,871	75,947	62,168	49,514	44,816
Equity and Preferred Securities	4,502	4,303	3,831	4,035	6,698
Total Investments	97,373	80,250	65,999	53,548	51,514
Cash & Equivalents	138	154	100	220.9	202.1
Reinsurance Contract Assets	4,280	5,114	5,344	6,128	5,438
Deferred Acquisition Costs	2,044	1,961	1,687	1,544	1,356
Other Receivables	16,032	14,963	12,396	10,699	9,581
Net Property, Plant & Equipment	783	790	881	1,034	1,137
Other Intangible Assets	-	-	-	-	117.3
Goodwill	-	-	-	-	452.7
Other Assets	2,389	2,513	2,284	2,290	1,334
Total Assets	123,039	105,745	88,691	75,465	71,132
Unearned Premiums	25,219	23,858	20,134	17,294	15,616
Claims Reserves	43,310	39,057	34,389	30,359	26,164
Accounts Payable	9,318	7,651	7,002	5,533	6,069
Total Debt	6,897	6,893	6,889	6,388	4,899
Other Liabilities	7,972	2,695	-	-	152.9
Total Liabilities	92,716	80,154	68,414	59,574	52,901
Preferred Stock	-	-	494	493.9	493.9
Common Stock	586	586	585	584.9	584.4
Additional Paid-in Capital	2,307	2,145	2,013	1,893	1,773
Accumulated Other Comprehensive Income	103	-1,423	-1,616	-2,802	40.7
Retained Earnings	27,327	24,283	18,801	15,721	15,340
Shareholders' Equity	30,323	25,591	20,277	15,891	18,232
Total Liabilities & Equity	123,039	105,745	88,691	75,465	71,132
Book Value	30,323	25,591	20,277	15,891	18,232
Book Value Per Share	51.56	43.54	34.51	27.07	30.97
Tangible Book Value	30,323	25,591	20,277	15,891	17,662
Tangible Book Value Per Share	51.56	43.54	34.51	27.07	30.01

Updated Jan 28, 2026. Data Source: Fiscal.ai. Insurance template. Financial Sources.

SEC Filings: 10-K · 10-Q