PROGRESSIVE CORP/OH/
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PGR Q2 2025 request
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Pick an endpoint and run the request.Income Statement
| Metric | Q2 2025 | Q2 2024 | YoY |
|---|---|---|---|
| Revenue | 22,004 | 18,134 | +21.3% |
| Income Before Taxes | 3,982 | 1,860 | +114.1% |
| Income Tax Expense (Benefit) | 807 | 401 | +101.2% |
| Comprehensive Income | 3,604 | 1,567 | +130.0% |
| Other Comprehensive Income | 429 | 108 | +297.2% |
Show Equity Components breakouts |
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| Accumulated Gain Loss Net Cash Flow Hedge Parent | 1 | 0 | — |
| Accumulated Net Unrealized Investment Gain Loss | 428 | 108 | +296.3% |
| Accumulated Translation Adjustment | 0 | 0 | — |
| EPS (Basic) | 5.42 | 2.49 | +117.7% |
| EPS (Diluted) | 5.4 | 2.48 | +117.7% |
| Wtd Avg Shares (Basic) | 586.2 | 585.4 | +0.1% |
| Wtd Avg Shares (Diluted) | 587.8 | 587.4 | +0.1% |
| Interest And Dividend Income Operating | 871 | 685 | +27.2% |
| Net Income Loss Available To Common Stockholders Basic | 3,175 | 1,459 | +117.6% |
| Preferred Stock Dividends Income Statement Impact | 0 | 0 | — |
| Policyholder Benefits And Claims Incurred Net | 13,605 | 12,595 | +8.0% |
Show Product Lines breakouts |
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| Underwriting operations · Commercial Lines | 1,872 | 1,881 | -0.5% |
| Underwriting operations · Other Indemnity | 0 | -1 | +100.0% |
| Underwriting operations · Personal Lines | 11,733 | 10,715 | +9.5% |
| Premiums Earned Net | 20,310 | 17,209 | +18.0% |
Show Product Lines breakouts |
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| Underwriting operations · Commercial Lines | 2,765 | 2,664 | +3.8% |
| Underwriting operations · Other Indemnity | 1 | 0 | — |
| Underwriting operations · Personal Lines | 17,544 | 14,545 | +20.6% |
Balance Sheet
| Metric | Q2 2025 | Q2 2024 | YoY |
|---|---|---|---|
| Current Assets | |||
| Short-Term Investments | 2,103 | 733 | +186.9% |
| Non-Current Assets | |||
| Property, Plant & Equipment | 820 | 713 | +15.0% |
| Deferred Tax Assets | 633 | 1,001 | -36.8% |
| Total Assets | 115,480 | 97,893 | +18.0% |
| Other Assets | |||
| Debt Securities Availableforsale Fixed Maturities | 82,272 | 67,489 | +21.9% |
| Available For Sale Securities Debt Securities | 84,375 | 68,222 | +23.7% |
Show Fair Value Hierarchy breakouts |
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| Fair Value Inputs Level1 | 48,732 | 41,627 | +17.1% |
| Fair Value Inputs Level1 · Asset Backed Securities Securitized Loans And Receivables | 0 | 0 | — |
| Fair Value Inputs Level1 · Commercial Mortgage Backed Securities | 0 | 0 | — |
| Fair Value Inputs Level1 · Corporate Debt Securities | 0 | 0 | — |
| Fair Value Inputs Level1 · Fixed Maturities | 46,810 | 40,894 | +14.5% |
| Fair Value Inputs Level1 · Foreign Government Debt Securities | 0 | 0 | — |
| Fair Value Inputs Level1 · Residential Mortgage Backed Securities | 0 | 0 | — |
| Fair Value Inputs Level1 · Short Term Investments | 1,922 | 733 | +162.2% |
| Fair Value Inputs Level1 · US Government Debt Securities | 46,810 | 40,894 | +14.5% |
| Fair Value Inputs Level1 · US States And Political Subdivisions | 0 | 0 | — |
| Fair Value Inputs Level2 | 35,638 | 26,592 | +34.0% |
| Fair Value Inputs Level2 · Asset Backed Securities Securitized Loans And Receivables | 6,650 | 6,285 | +5.8% |
| Fair Value Inputs Level2 · Commercial Mortgage Backed Securities | 5,049 | 3,970 | +27.2% |
| Fair Value Inputs Level2 · Corporate Debt Securities | 18,117 | 13,143 | +37.8% |
| Fair Value Inputs Level2 · Fixed Maturities | 35,457 | 26,592 | +33.3% |
| Fair Value Inputs Level2 · Foreign Government Debt Securities | 17 | 16 | +6.2% |
| Fair Value Inputs Level2 · Residential Mortgage Backed Securities | 2,660 | 976 | +172.5% |
| Fair Value Inputs Level2 · Short Term Investments | 181 | 0 | — |
| Fair Value Inputs Level2 · US Government Debt Securities | 0 | 0 | — |
| Fair Value Inputs Level2 · US States And Political Subdivisions | 2,964 | 2,202 | +34.6% |
| Fair Value Inputs Level3 | 5 | 3 | +66.7% |
| Fair Value Inputs Level3 · Asset Backed Securities Securitized Loans And Receivables | 0 | 0 | — |
| Fair Value Inputs Level3 · Commercial Mortgage Backed Securities | 0 | 0 | — |
| Fair Value Inputs Level3 · Corporate Debt Securities | 5 | 3 | +66.7% |
| Fair Value Inputs Level3 · Fixed Maturities | 5 | 3 | +66.7% |
| Fair Value Inputs Level3 · Foreign Government Debt Securities | 0 | 0 | — |
| Fair Value Inputs Level3 · Residential Mortgage Backed Securities | 0 | 0 | — |
| Fair Value Inputs Level3 · Short Term Investments | 0 | 0 | — |
| Fair Value Inputs Level3 · US Government Debt Securities | 0 | 0 | — |
| Fair Value Inputs Level3 · US States And Political Subdivisions | 0 | 0 | — |
Show Financial Instrument breakouts |
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| Asset Backed Securities Securitized Loans And Receivables · Asset Backed Securities | 6,668 | 6,366 | +4.7% |
| Asset Backed Securities Securitized Loans And Receivables · Asset Backed Securities | 6,650 | 6,285 | +5.8% |
| Asset Backed Securities Securitized Loans And Receivables · Fixed Maturities | 6,650 | 6,285 | +5.8% |
| Commercial Mortgage Backed Securities · Asset Backed Securities | 5,325 | 4,457 | +19.5% |
| Commercial Mortgage Backed Securities · Asset Backed Securities | 5,049 | 3,970 | +27.2% |
| Commercial Mortgage Backed Securities · Fixed Maturities | 5,049 | 3,970 | +27.2% |
| Corporate Debt Securities · Debt Securities | 18,004 | 13,439 | +34.0% |
| Corporate Debt Securities · Debt Securities | 18,122 | 13,146 | +37.9% |
| Corporate Debt Securities · Fixed Maturities | 18,122 | 13,146 | +37.9% |
| Foreign Government Debt Securities · Debt Securities | 17 | 17 | 0.0% |
| Foreign Government Debt Securities · Debt Securities | 17 | 16 | +6.2% |
| Foreign Government Debt Securities · Fixed Maturities | 17 | 16 | +6.2% |
| Residential Mortgage Backed Securities · Asset Backed Securities | 2,644 | 981 | +169.5% |
| Residential Mortgage Backed Securities · Asset Backed Securities | 2,660 | 976 | +172.5% |
| Residential Mortgage Backed Securities · Fixed Maturities | 2,660 | 976 | +172.5% |
| US Government Debt Securities · Debt Securities | 46,684 | 42,063 | +11.0% |
| US Government Debt Securities · Debt Securities | 46,810 | 40,894 | +14.5% |
| US Government Debt Securities · Fixed Maturities | 46,810 | 40,894 | +14.5% |
| US States And Political Subdivisions · Debt Securities | 3,030 | 2,345 | +29.2% |
| US States And Political Subdivisions · Debt Securities | 2,964 | 2,202 | +34.6% |
| US States And Political Subdivisions · Fixed Maturities | 2,964 | 2,202 | +34.6% |
Show Fair Value By Measurement Basis breakouts |
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| Carrying Reported Amount Fair Value Disclosure | 84,475 | 70,401 | +20.0% |
| Carrying Reported Amount Fair Value Disclosure · Fixed Maturities | 82,372 | 69,668 | +18.2% |
| Carrying Reported Amount Fair Value Disclosure · Short Term Investments | 2,103 | 733 | +186.9% |
Show Information By Category Of Debt Security breakouts |
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| Fixed Maturities | 82,272 | 67,489 | +21.9% |
| Short Term Investments | 2,103 | 733 | +186.9% |
| Equity Securities F V N I Nonredeemable Preferred Stock | 500 | 838 | -40.3% |
| Equity Securities F V N I Common Equities | 3,735 | 3,296 | +13.3% |
| Equity Securities Fv Ni | 4,235 | 4,134 | +2.4% |
Show Financial Instrument breakouts |
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| Common Stock | 3,735 | 3,296 | +13.3% |
| Nonredeemable Preferred Stock | 500 | 838 | -40.3% |
| Investments | 88,610 | 72,356 | +22.5% |
| Cash | 125 | 90 | +38.9% |
| Restricted Cash And Cash Equivalents | 10 | 12 | -16.7% |
| Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents | 135 | 102 | +32.4% |
| Accrued Investment Income Receivable | 636 | 564 | +12.8% |
| Premiums Receivable At Carrying Value | 16,406 | 14,545 | +12.8% |
| Reinsurance Recoverables On Paid And Unpaid Losses | 4,197 | 4,881 | -14.0% |
| Prepaid Reinsurance Premiums | 263 | 291 | -9.6% |
| Deferred Policy Acquisition Costs | 2,110 | 1,938 | +8.9% |
| Other Assets | 1,670 | 1,502 | +11.2% |
| Non-Current Liabilities | |||
| Accounts Payable And Accrued Liabilities Current And Noncurrent | 8,492 | 7,376 | +15.1% |
| Total Liabilities | 82,876 | 74,553 | +11.2% |
| Long-Term Debt (Q) | — | — | — |
Show Debt Instrument breakouts |
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| Senior Notes 2.45% Due 2027 | 499 | 499 | 0.0% |
| Senior Notes 2.50% Due 2027 | 499 | 498 | +0.2% |
| Senior Notes 3.00% Due 2032 | 497 | 497 | 0.0% |
| Senior Notes 3.20% Due 2030 | 498 | 497 | +0.2% |
| Senior Notes 3.70% Due 2045 | 396 | 396 | 0.0% |
| Senior Notes 3.70% Due 2052 | 494 | 494 | 0.0% |
| Senior Notes 3.95% Due 2050 | 491 | 491 | 0.0% |
| Senior Notes 4.00% Due 2029 | 548 | 547 | +0.2% |
| Senior Notes 4.125% Due 2047 | 843 | 842 | +0.1% |
| Senior Notes 4.20% Due 2048 | 591 | 591 | 0.0% |
| Senior Notes 4.35% Due 2044 | 347 | 347 | 0.0% |
| Senior Notes 4.95% Due 2033 | 497 | 497 | 0.0% |
| Senior Notes 6.25% Due 2032 | 397 | 397 | 0.0% |
| Senior Notes 6.625% Due 2029 | 298 | 298 | 0.0% |
Show Fair Value By Measurement Basis breakouts |
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| Carrying Reported Amount Fair Value Disclosure | 6,895 | 6,891 | +0.1% |
| Other Liabilities | |||
| Unearned Premiums | 26,335 | 23,681 | +11.2% |
| Liability For Claims And Claims Adjustment Expense | 41,154 | 36,605 | +12.4% |
| Debt Longterm And Shortterm Combined Amount | 6,895 | 6,891 | +0.1% |
| Stockholders' Equity | |||
| Common Stock Value Outstanding | 586 | 586 | 0.0% |
| Additional Paid In Capital Common Stock | 2,192 | 2,060 | +6.4% |
| Retained Earnings | 29,921 | 22,410 | +33.5% |
| Accumulated Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax | -81 | -1,701 | +95.2% |
| Aoci Loss Cash Flow Hedge Cumulative Gain Loss After Tax | -13 | -14 | +7.1% |
| Accumulated Other Comprehensive Income Loss Foreign Currency Translation Adjustment Net Of Tax | -1 | -1 | 0.0% |
| Accumulated Other Comprehensive Income | -95 | -1,716 | +94.5% |
| Total Stockholders' Equity | 32,604 | 23,340 | +39.7% |
Show Equity Components breakouts |
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| Accumulated Gain Loss Net Cash Flow Hedge Parent | -13 | -14 | +7.1% |
| Accumulated Net Unrealized Investment Gain Loss | -81 | -1,701 | +95.2% |
| Accumulated Other Comprehensive Income | -95 | -1,716 | +94.5% |
| Accumulated Translation Adjustment | -1 | -1 | 0.0% |
| Additional Paid In Capital | 2,192 | 2,060 | +6.4% |
| Common Stock | 586 | 586 | 0.0% |
| Preferred Stock | 0 | 0 | — |
| Retained Earnings | 29,921 | 22,410 | +33.5% |
| Total Liabilities & Equity | 115,480 | 97,893 | +18.0% |
Cash Flow Statement
| Metric | YTD Q2 2025 | YTD Q2 2024 | YoY |
|---|---|---|---|
| Operating Activities | |||
| Net Income | 5,742 | 3,790 | +51.5% |
Show Equity Components breakouts |
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| Retained Earnings | 5,742 | 3,790 | +51.5% |
| Depreciation | 149 | 138 | +8.0% |
| Accretion Amortization Of Discounts And Premiums Investments | -55 | -20 | -175.0% |
| Restricted Stock Expense | 48 | 48 | 0.0% |
| Realized Investment Gains Losses | -175 | -29 | -503.4% |
| Gain Loss On Sale Of Property Plant Equipment | 1 | -1 | +200.0% |
| Increase Decrease In Premiums Receivable | -2,037 | -2,587 | +21.3% |
| Increase Decrease In Reinsurance Recoverable | 568 | 213 | +166.7% |
| Increase Decrease In Prepaid Reinsurance Premiums | 86 | -41 | +309.8% |
| Increase Decrease In Deferred Policy Acquisition Costs | -149 | -251 | +40.6% |
| Increase Decrease In Income Taxes | -173 | -342 | +49.4% |
| Increase Decrease In Unearned Premiums | 2,477 | 3,547 | -30.2% |
| Increase Decrease In Liability For Claims And Claims Adjustment Expense Reserve | 2,097 | 2,216 | -5.4% |
| Increase Decrease In Accounts Payable And Accrued Liabilities | 550 | 1,058 | -48.0% |
| Increase Decrease In Other Operating Capital Net | 54 | -237 | +122.8% |
| Net Cash from Operations | 9,183 | 7,502 | +22.4% |
| Investing Activities | |||
| Purchases of Investments | -26,354 | -24,532 | -7.4% |
| Payments To Acquire Equity Securities Fv Ni | -87 | -32 | -171.9% |
| Proceeds From Sale Of Available For Sale Securities Debt | 17,086 | 13,687 | +24.8% |
| Proceeds From Sale Of Equity Securities Fv Ni | 151 | 98 | +54.1% |
| Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities | 4,006 | 3,235 | +23.8% |
| Proceeds From Maturities Prepayments And Calls Of Equity Securities F V N I | 177 | 23 | +669.6% |
| Payments For Proceeds From Short Term Investments | -1,429 | 1,087 | -231.5% |
| Proceeds From Payables To Broker Dealers Investing Activities | 178 | 120 | +48.3% |
| Capital Expenditures | -161 | -118 | -36.4% |
| Proceeds From Sale Of Property Plant And Equipment | 52 | 45 | +15.6% |
| Net Cash from Investing | -6,381 | -6,387 | +0.1% |
| Financing Activities | |||
| Payments Of Dividends Common Stock | -2,754 | -557 | -394.4% |
| Paymentsfor Repurchaseof Common Stockfor Restricted Stock Tax Liabilities | -55 | -38 | -44.7% |
| Paymentsfor Repurchaseof Common Stockinthe Open Market | -12 | -10 | -20.0% |
| Payments For Repurchase Of Preferred Stock And Preference Stock | 0 | -500 | +100.0% |
| Payments Of Dividends Preferred Stock And Preference Stock | 0 | -8 | +100.0% |
| Net Cash from Financing | -2,821 | -1,113 | -153.5% |
| Supplemental | |||
| Interest Paid | 138 | 138 | 0.0% |
| Other Cash Flow | |||
| Net Change in Cash | -19 | 2 | -1050.0% |
Values in millions USD. Source: SEC EDGAR 10-Q filing.