PGR · 10-Q · 2026Q2 · Full report
Portfolio Liquidity Outlook
PROGRESSIVE CORP/OH/ · 2026-08-03 · Importance 50 · Surprise 24 · In source text
Progressive expects approximately $11.2 billion, or 24%, of principal repayments from its fixed-income portfolio over the next 12 months, excluding U.S. government securities and short-term investments. Management considers the overall portfolio highly liquid and expects interest and dividend payments to provide additional recurring liquidity. The portfolio totaled $97.2 billion at June 30, 2026, including $92.7 billion of fixed-income securities, with a 3.5-year duration and 93% classified as Group II securities for capital purposes.
Key facts
- During the next 12 months, we expect approximately $11.2 billion, or 24%, of principal repayment from our fixed-income portfolio, excluding U.S. government securities and short-term investments. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| cash | positive | probable | +4.5% | During the next 12 months, we expect approximately $11.2 billion, or 24%, of principal repayment from our fixed-income portfolio,… |