PGR · 8-K · 20260520PR000204
Balance Sheet and Liquidity
PROGRESSIVE CORP/OH/ · 2026-05-20 · Importance 37 · Surprise 6 · In source text
Progressive reported total assets of $123,108 million and shareholders’ equity of $32,845 million as of April 30, 2026. Total investments were $94,883 million, including $89,284 million of fixed maturities and $4,324 million of common equities. Debt was $8,386 million, representing a 20.3% debt-to-total-capital ratio. The fixed-income portfolio had a 3.5-year duration and AA- weighted average credit quality, while net unrealized pretax losses on fixed-maturity securities totaled $703 million.
Key facts
- As of April 30, 2026, available-for-sale fixed maturities at fair value: $89,284 million (amortized cost $89,982). source
- Total available-for-sale securities as of April 30, 2026: $90,318 million. source
- Total investments as of April 30, 2026: $94,883 million. source
- Net premiums receivable as of April 30, 2026: $17,716 million. source
- Total assets as of April 30, 2026: $123,108 million. source
- Unearned premiums as of April 30, 2026: $28,062 million. source
- Loss and loss adjustment expense reserves as of April 30, 2026: $44,975 million. source
- Total liabilities as of April 30, 2026: $90,263 million. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| assets | unclear | realized | — | As of April 30, 2026, available-for-sale fixed maturities at fair value: $89,284 million (amortized cost $89,982). |
| assets | unclear | realized | — | Total available-for-sale securities as of April 30, 2026: $90,318 million. |
| assets | unclear | realized | — | Total investments as of April 30, 2026: $94,883 million. |
| assets | unclear | realized | — | Net premiums receivable as of April 30, 2026: $17,716 million. |
| assets | unclear | realized | — | Total assets as of April 30, 2026: $123,108 million. |
| liability | unclear | realized | — | Unearned premiums as of April 30, 2026: $28,062 million. |
| liability | unclear | realized | — | Loss and loss adjustment expense reserves as of April 30, 2026: $44,975 million. |
| liability | unclear | realized | — | Total liabilities as of April 30, 2026: $90,263 million. |
| assets | unclear | realized | — | Shareholders' equity as of April 30, 2026: $32,845 million. |