The Progressive Corporation (PGR)

PGR Balance Sheet

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

Assets

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Investments in Debt Securities	92,247	82,866	75,332	60,378	46,468	43,691
Investments in Equity & Preferred Securities	4,825	4,502	4,303	3,831	4,219	6,880
Other Investments	2,125	10,005	615	1,790	2,862	942.6
Total Investments	99,197	97,373	80,250	65,999	53,548	51,514
Cash & Equivalents	141	125	143	85	203.5	187.1
Reinsurance Recoverable	3,875	4,083	4,765	5,094	5,832	4,981
Other Receivables	18,187	16,032	14,963	12,396	10,699	10,142
Deferred Policy Acquisition Cost	2,300	2,044	1,961	1,687	1,544	1,356
Property, Plant & Equipment	924	982	983	1,054	1,165	1,310
Goodwill	-	-	-	228	227.9	452.7
Other Intangible Assets	-	-	-	-	-	117.3
Restricted Cash	15	13	11	15	17.4	15
Other Current Assets	209	197	349	327	344.2	468.4
Long-Term Deferred Tax Assets	1,231	786	996	976	1,174	16.3
Long-Term Deferred Charges	-	-	-	88	63.4	47.7
Other Long-Term Assets	1,665	1,404	1,324	742	646.2	525.8
Total Assets	127,744	123,039	105,745	88,691	75,465	71,132

Liabilities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Accounts Payable	8,993	8,825	7,246	6,513	5,522	5,743
Unpaid Claims	46,786	43,310	39,057	34,389	30,359	26,164
Unearned Premiums	27,873	25,219	23,858	20,134	17,294	15,616
Current Portion of Leases	-	90	-	-	-	-
Current Income Taxes Payable	-	28	26	312	10.9	-
Long-Term Debt	7,389	6,897	6,893	6,889	6,388	4,899
Long-Term Leases	-	115	196	177	-	180.9
Long-Term Deferred Tax Liabilities	-	1	-	-	-	154.4
Other Current Liabilities	58	8,031	2,753	-	-	-
Other Long-Term Liabilities	1,160	200	125	-	-	143.4
Total Liabilities	93,259	92,716	80,154	68,414	59,574	52,901

Shareholders' Equity

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Preferred Stock, Redeemable	-	-	-	494	493.9	493.9
Common Stock	579	586	586	585	584.9	584.4
Additional Paid-In Capital	2,372	2,307	2,145	2,013	1,893	1,773
Retained Earnings	34,278	27,327	24,283	18,801	15,721	15,340
Comprehensive Income & Other	-2,744	103	-1,423	-1,616	-2,802	40.7
Total Common Equity	34,485	30,323	25,591	19,783	15,397	17,738
Shareholders' Equity	34,485	30,323	25,591	20,277	15,891	18,232
Total Liabilities & Equity	127,744	123,039	105,745	88,691	75,465	71,132

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Filing Date Shares Outstanding	579.36	585.91	586.21	585.68	585.34	584.85
Total Common Shares Outstanding	579	586.1	585.8	585.3	584.9	584.4
Total Debt	8,389	7,102	7,089	7,066	6,388	5,080
Net Cash (Debt)	-8,248	-6,977	-6,946	-6,981	-6,185	-4,893
Net Cash Growth	-	-	-	-	-	-
Net Cash Per Share	-14.09	-11.86	-11.82	-11.88	-10.53	-8.33
Book Value Per Share	59.56	51.74	43.69	33.80	26.32	30.35
Tangible Book Value	34,485	30,323	25,591	19,555	15,169	17,168
Tangible Book Value Per Share	59.56	51.74	43.69	33.41	25.93	29.38
Land	-	41	52	103	123.1	154.1
Buildings	-	543	576	733	844.1	904.5
Machinery	-	308	370	353	318.1	261.3

SEC Filings: 10-K · 10-Q

Data Source: S&P Global Market Intelligence Last updated: Sep 30, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every three months for this company.

Update frequency:

Quarterly

Last checked:

Nov 4, 2026

Data Sources Report a data error