PGR · 8-K · 20260918PR000322
Balance Sheet and Liquidity
PROGRESSIVE CORP/OH/ · 2026-09-18 · Importance 37 · Surprise 6 · No source text
Total assets were $127,827 million at August 31, 2026, including $99,672 million of investments and $17,470 million of net premiums receivable. Debt was $8,388 million and total liabilities were $92,470 million, compared with shareholders’ equity of $35,357 million. Debt-to-total capital was 19.2%, and the fixed-income portfolio had a duration of 3.5 and weighted average credit quality of AA-. Net unrealized pretax losses on fixed-maturity securities were $1,799 million, increasing by $1,947 million from December 2025.
Key facts
- Total liabilities at August 31, 2026: $92,470 million; shareholders’ equity: $35,357 million. source
- Net premiums receivable at August 31, 2026: $17,470 million; deferred acquisition costs: $2,277 million; other assets: $4,556 million; unearned premiums: $27,743 million; loss and loss adjustment expense reserves: $46,250 million; other liabilities include $470 million of net unsettled security transactions. source
- Available-for-sale fixed maturities at August 31, 2026: $92,848 million (amortized cost $94,650 million). source
- Total investments at August 31, 2026: $99,672 million. source
- Total assets at August 31, 2026: $127,827 million. source
- Debt at August 31, 2026: $8,388 million. source
- Reinsurance recoverables (including $3,610 on unpaid loss and LAE reserves) at August 31, 2026: $3,852 thousand (millions). source
- Short-term investments at August 31, 2026 (amortized cost $1,915 million): $1,915 million. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| liability | unclear | realized | — | Total liabilities at August 31, 2026: $92,470 million; shareholders’ equity: $35,357 million. |
| assets | unclear | realized | — | Net premiums receivable at August 31, 2026: $17,470 million; deferred acquisition costs: $2,277 million; other assets: $4,556 million;… |
| assets | unclear | realized | — | Net premiums receivable at August 31, 2026: $17,470 million; deferred acquisition costs: $2,277 million; other assets: $4,556 million;… |
| assets | unclear | realized | — | Net premiums receivable at August 31, 2026: $17,470 million; deferred acquisition costs: $2,277 million; other assets: $4,556 million;… |
| liability | unclear | realized | — | Net premiums receivable at August 31, 2026: $17,470 million; deferred acquisition costs: $2,277 million; other assets: $4,556 million;… |
| liability | unclear | realized | — | Net premiums receivable at August 31, 2026: $17,470 million; deferred acquisition costs: $2,277 million; other assets: $4,556 million;… |
| liability | unclear | realized | — | Net premiums receivable at August 31, 2026: $17,470 million; deferred acquisition costs: $2,277 million; other assets: $4,556 million;… |