PROGRESSIVE CORP/OH/
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PGR Q1 2026 request
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Pick an endpoint and run the request.Income Statement
| Metric | Q1 2026 | Q1 2025 | YoY |
|---|---|---|---|
| Revenue | 22,188 | 20,409 | +8.7% |
| Income Before Taxes | 3,566 | 3,236 | +10.2% |
| Income Tax Expense (Benefit) | 748 | 669 | +11.8% |
| Comprehensive Income | 2,244 | 3,466 | -35.3% |
| Other Comprehensive Income | -574 | 899 | -163.8% |
Show Equity Components breakouts |
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| Accumulated Gain Loss Net Cash Flow Hedge Parent | 0 | 0 | — |
| Accumulated Net Unrealized Investment Gain Loss | -574 | 899 | -163.8% |
| Accumulated Translation Adjustment | 0 | 0 | — |
| EPS (Basic) | 4.81 | 4.38 | +9.8% |
| EPS (Diluted) | 4.8 | 4.37 | +9.8% |
| Wtd Avg Shares (Basic) | 585.6 | 586 | -0.1% |
| Wtd Avg Shares (Diluted) | 586.9 | 587.7 | -0.1% |
| Interest And Dividend Income Operating | 917 | 814 | +12.7% |
| Policyholder Benefits And Claims Incurred Net | 13,827 | 12,804 | +8.0% |
Show Product Lines breakouts |
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| Underwriting operations · Commercial Lines | 1,751 | 1,851 | -5.4% |
| Underwriting operations · Other Indemnity | 1 | 0 | — |
| Underwriting operations · Personal Lines | 12,075 | 10,953 | +10.2% |
| Premiums Earned Net | 20,968 | 19,409 | +8.0% |
Show Product Lines breakouts |
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| Underwriting operations · Commercial Lines | 2,583 | 2,699 | -4.3% |
| Underwriting operations · Other Indemnity | 1 | 0 | — |
| Underwriting operations · Personal Lines | 18,384 | 16,710 | +10.0% |
| Liability For Unpaid Claims And Claims Adjustment Expense Incurred Claims1 | 13,827 | 12,804 | +8.0% |
Balance Sheet
| Metric | Q1 2026 | Q1 2025 | YoY |
|---|---|---|---|
| Current Assets | |||
| Short-Term Investments | 2,126 | 2,595 | -18.1% |
| Non-Current Assets | |||
| Property, Plant & Equipment | 792 | 854 | -7.3% |
| Deferred Tax Assets | 742 | 860 | -13.7% |
| Total Assets | 122,209 | 111,409 | +9.7% |
| Other Assets | |||
| Debt Securities Availableforsale Fixed Maturities | 87,832 | 77,101 | +13.9% |
| Available For Sale Securities Debt Securities | 89,958 | 79,696 | +12.9% |
Show Fair Value Hierarchy breakouts |
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| Fair Value Inputs Level1 | 46,489 | 46,913 | -0.9% |
| 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 | 44,417 | 44,318 | +0.2% |
| 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 | 2,072 | 2,595 | -20.2% |
| Fair Value Inputs Level1 · US Government Debt Securities | 44,417 | 44,318 | +0.2% |
| Fair Value Inputs Level1 · US States And Political Subdivisions | 0 | 0 | — |
| Fair Value Inputs Level2 | 43,465 | 32,778 | +32.6% |
| Fair Value Inputs Level2 · Asset Backed Securities Securitized Loans And Receivables | 8,199 | 7,139 | +14.8% |
| Fair Value Inputs Level2 · Commercial Mortgage Backed Securities | 6,991 | 4,825 | +44.9% |
| Fair Value Inputs Level2 · Corporate Debt Securities | 20,982 | 16,011 | +31.0% |
| Fair Value Inputs Level2 · Fixed Maturities | 43,411 | 32,778 | +32.4% |
| Fair Value Inputs Level2 · Foreign Government Debt Securities | 16 | 16 | 0.0% |
| Fair Value Inputs Level2 · Residential Mortgage Backed Securities | 4,136 | 2,183 | +89.5% |
| Fair Value Inputs Level2 · Short Term Investments | 54 | 0 | — |
| Fair Value Inputs Level2 · US Government Debt Securities | 0 | 0 | — |
| Fair Value Inputs Level2 · US States And Political Subdivisions | 3,087 | 2,604 | +18.5% |
| Fair Value Inputs Level3 | 4 | 5 | -20.0% |
| 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 | 4 | 5 | -20.0% |
| Fair Value Inputs Level3 · Fixed Maturities | 4 | 5 | -20.0% |
| 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 | 8,232 | 7,164 | +14.9% |
| Asset Backed Securities Securitized Loans And Receivables · Asset Backed Securities | 8,199 | 7,139 | +14.8% |
| Asset Backed Securities Securitized Loans And Receivables · Fixed Maturities | 8,199 | 7,139 | +14.8% |
| Commercial Mortgage Backed Securities · Asset Backed Securities | 7,228 | 5,144 | +40.5% |
| Commercial Mortgage Backed Securities · Asset Backed Securities | 6,991 | 4,825 | +44.9% |
| Commercial Mortgage Backed Securities · Fixed Maturities | 6,991 | 4,825 | +44.9% |
| Corporate Debt Securities · Debt Securities | 20,994 | 16,047 | +30.8% |
| Corporate Debt Securities · Debt Securities | 20,986 | 16,016 | +31.0% |
| Corporate Debt Securities · Fixed Maturities | 20,986 | 16,016 | +31.0% |
| Foreign Government Debt Securities · Debt Securities | 16 | 16 | 0.0% |
| Foreign Government Debt Securities · Debt Securities | 16 | 16 | 0.0% |
| Foreign Government Debt Securities · Fixed Maturities | 16 | 16 | 0.0% |
| Residential Mortgage Backed Securities · Asset Backed Securities | 4,127 | 2,172 | +90.0% |
| Residential Mortgage Backed Securities · Asset Backed Securities | 4,136 | 2,183 | +89.5% |
| Residential Mortgage Backed Securities · Fixed Maturities | 4,136 | 2,183 | +89.5% |
| US Government Debt Securities · Debt Securities | 44,676 | 44,523 | +0.3% |
| US Government Debt Securities · Debt Securities | 44,417 | 44,318 | +0.2% |
| US Government Debt Securities · Fixed Maturities | 44,417 | 44,318 | +0.2% |
| US States And Political Subdivisions · Debt Securities | 3,135 | 2,688 | +16.6% |
| US States And Political Subdivisions · Debt Securities | 3,087 | 2,604 | +18.5% |
| US States And Political Subdivisions · Fixed Maturities | 3,087 | 2,604 | +18.5% |
Show Fair Value By Measurement Basis breakouts |
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| Carrying Reported Amount Fair Value Disclosure | 90,534 | 80,349 | +12.7% |
| Carrying Reported Amount Fair Value Disclosure · Fixed Maturities | 88,408 | 77,754 | +13.7% |
| Carrying Reported Amount Fair Value Disclosure · Short Term Investments | 2,126 | 2,595 | -18.1% |
Show Information By Category Of Debt Security breakouts |
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| Fixed Maturities | 87,832 | 77,101 | +13.9% |
| Short Term Investments | 2,126 | 2,595 | -18.1% |
| Equity Securities F V N I Nonredeemable Preferred Stock | 240 | 584 | -58.9% |
| Equity Securities F V N I Common Equities | 3,933 | 3,384 | +16.2% |
| Equity Securities Fv Ni | 4,173 | 3,968 | +5.2% |
Show Financial Instrument breakouts |
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| Common Stock | 3,933 | 3,384 | +16.2% |
| Nonredeemable Preferred Stock | 240 | 584 | -58.9% |
| Investments | 94,131 | 83,664 | +12.5% |
| Cash | 162 | 195 | -16.9% |
| Restricted Cash And Cash Equivalents | 17 | 12 | +41.7% |
| Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents | 179 | 207 | -13.5% |
| Accrued Investment Income Receivable | 685 | 584 | +17.3% |
| Premiums Receivable At Carrying Value | 17,614 | 16,811 | +4.8% |
| Reinsurance Recoverables On Paid And Unpaid Losses | 4,003 | 4,449 | -10.0% |
| Prepaid Reinsurance Premiums | 198 | 306 | -35.3% |
| Deferred Policy Acquisition Costs | 2,131 | 2,068 | +3.0% |
| Other Assets | 1,734 | 1,606 | +8.0% |
| Current Liabilities | |||
| Current Portion of Long-Term Debt (Q) | — | — | — |
Show Debt Instrument breakouts |
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| Senior Notes 2.45% Due 2027 | 500 | — | — |
| Senior Notes 2.50% Due 2027 | 500 | — | — |
| Non-Current Liabilities | |||
| Dividends Payable Current And Noncurrent | 58 | 59 | -1.7% |
Show Equity Components breakouts |
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| Common Stock | 58 | 59 | -1.7% |
| Common Stock · O2026Q1 | 58 | — | — |
| Accounts Payable And Accrued Liabilities Current And Noncurrent | 9,456 | 9,068 | +4.3% |
| Total Liabilities | 90,170 | 82,455 | +9.4% |
| Long-Term Debt (Q) | — | — | — |
Show Debt Instrument breakouts |
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| Senior Notes 2.45% Due 2027 | 500 | 499 | +0.2% |
| Senior Notes 2.50% Due 2027 | 500 | 499 | +0.2% |
| Senior Notes 3.00% Due 2032 | 497 | 497 | 0.0% |
| Senior Notes 3.20% Due 2030 | 498 | 498 | 0.0% |
| 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 | 492 | 491 | +0.2% |
| Senior Notes 4.00% Due 2029 | 548 | 548 | 0.0% |
| 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 4.60% Due 2031 | 497 | 0 | — |
| Senior Notes 4.95% Due 2033 | 497 | 497 | 0.0% |
| Senior Notes 5.15% Due 2036 | 990 | 0 | — |
| Senior Notes 6.25% Due 2032 | 397 | 397 | 0.0% |
| Senior Notes 6.625% Due 2029 | 299 | 298 | +0.3% |
Show Fair Value By Measurement Basis breakouts |
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| Carrying Reported Amount Fair Value Disclosure | 8,386 | 6,894 | +21.6% |
| Other Liabilities | |||
| Unearned Premiums | 27,893 | 26,612 | +4.8% |
| Liability For Claims And Claims Adjustment Expense | 44,377 | 39,822 | +11.4% |
| Debt Longterm And Shortterm Combined Amount | 8,386 | 6,894 | +21.6% |
| Stockholders' Equity | |||
| Common Stock Value Outstanding | 584 | 586 | -0.3% |
| Additional Paid In Capital Common Stock | 2,314 | 2,160 | +7.1% |
| Retained Earnings | 29,612 | 26,732 | +10.8% |
| Accumulated Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax | -457 | -509 | +10.2% |
| 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 | -471 | -524 | +10.1% |
| Total Stockholders' Equity | 32,039 | 28,954 | +10.7% |
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 | -457 | -509 | +10.2% |
| Accumulated Other Comprehensive Income | -471 | -524 | +10.1% |
| Accumulated Translation Adjustment | -1 | -1 | 0.0% |
| Additional Paid In Capital | 2,314 | 2,160 | +7.1% |
| Common Stock | 584 | 586 | -0.3% |
| Retained Earnings | 29,612 | 26,732 | +10.8% |
| Total Liabilities & Equity | 122,209 | 111,409 | +9.7% |
Cash Flow Statement
| Metric | YTD Q1 2026 | YTD Q1 2025 | YoY |
|---|---|---|---|
| Operating Activities | |||
| Net Income | 2,818 | 2,567 | +9.8% |
Show Equity Components breakouts |
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| Retained Earnings | 2,818 | 2,567 | +9.8% |
| Depreciation | 75 | 70 | +7.1% |
| Accretion Amortization Of Discounts And Premiums Investments | -47 | -21 | -123.8% |
| Restricted Stock Expense | 16 | 16 | 0.0% |
| Realized Investment Gains Losses | 120 | 212 | -43.4% |
| Gain Loss On Sale Of Property Plant Equipment | 3 | 3 | 0.0% |
| Increase Decrease In Premiums Receivable | -2,252 | -2,442 | +7.8% |
| Increase Decrease In Reinsurance Recoverable | 80 | 316 | -74.7% |
| Increase Decrease In Prepaid Reinsurance Premiums | -1 | 43 | -102.3% |
| Increase Decrease In Deferred Policy Acquisition Costs | -87 | -107 | +18.7% |
| Increase Decrease In Income Taxes | 830 | 667 | +24.4% |
| Increase Decrease In Unearned Premiums | 2,674 | 2,754 | -2.9% |
| Increase Decrease In Liability For Claims And Claims Adjustment Expense Reserve | 1,067 | 765 | +39.5% |
| Increase Decrease In Accounts Payable And Accrued Liabilities | -788 | 334 | -335.9% |
| Increase Decrease In Other Operating Capital Net | -141 | -34 | -314.7% |
| Net Cash from Operations | 4,367 | 5,143 | -15.1% |
| Investing Activities | |||
| Purchases of Investments | -19,291 | -17,324 | -11.4% |
| Payments To Acquire Equity Securities Fv Ni | -57 | -86 | +33.7% |
| Proceeds From Sale Of Available For Sale Securities Debt | 11,115 | 14,721 | -24.5% |
| Proceeds From Sale Of Equity Securities Fv Ni | 56 | 149 | -62.4% |
| Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities | 2,549 | 1,950 | +30.7% |
| Proceeds From Maturities Prepayments And Calls Of Equity Securities F V N I | 152 | 87 | +74.7% |
| Payments For Proceeds From Short Term Investments | 7,919 | -1,964 | +503.2% |
| Proceeds From Payables To Broker Dealers Investing Activities | 243 | 172 | +41.3% |
| Capital Expenditures | -63 | -59 | -6.8% |
| Proceeds From Sale Of Property Plant And Equipment | 14 | 13 | +7.7% |
| Net Cash from Investing | 2,637 | -2,341 | +212.6% |
| Financing Activities | |||
| Payments Of Dividends Common Stock | -7,972 | -2,695 | -195.8% |
| Paymentsfor Repurchaseof Common Stockfor Restricted Stock Tax Liabilities | -43 | -54 | +20.4% |
| Paymentsfor Repurchaseof Common Stockinthe Open Market | -435 | 0 | — |
| Proceeds From Debt Net Of Issuance Costs | 1,487 | 0 | — |
| Net Cash from Financing | -6,963 | -2,749 | -153.3% |
| Supplemental | |||
| Interest Paid | 88 | 88 | 0.0% |
| Other Cash Flow | |||
| Net Change in Cash | 41 | 53 | -22.6% |
Values in millions USD. Source: SEC EDGAR 10-Q filing.