PGR · 8-K · 20261014PR000367

Balance Sheet and Liquidity

PROGRESSIVE CORP/OH/ · 2026-10-14 · Importance 37 · Surprise 6 · From source text

At September 30, 2026, Progressive reported total assets of $127,744 million, shareholders’ equity of $34,485 million, and total liabilities of $93,259 million. Debt was $8,389 million, representing a 19.6% debt-to-total-capital ratio. Liquid investments totaled $99,197 million, including $2,125 million of short-term investments and $4,825 million of equity securities. Net premiums receivable were $17,337 million and reinsurance recoverables were $3,875 million, including $3,592 million related to unpaid loss and loss-adjustment reserves.

Key facts

• Available-for-sale fixed maturities at fair value as of September 30, 2026: $92,247 million (amortized cost $95,719 million). source
• Total available-for-sale securities as of September 30, 2026: $94,372 million. source
• Total investments as of September 30, 2026: $99,197 million. source
• Total assets as of September 30, 2026: $127,744 million. source
• Loss and loss adjustment expense reserves as of September 30, 2026: $46,786 million. source
• Total liabilities as of September 30, 2026: $93,259 million and shareholders' equity: $34,485 million. source
• The company plans to file its Quarterly Report on Form 10-Q with the SEC on Monday, November 2, 2026. source
• As of September 30, 2026, investments include $6 billion, net of unsettled transactions, of investments in a consolidated, non-insurance subsidiary of the holding company. source

Impact estimates