Market Summary
USD143.26+0.86
Market Closed0.60%
PGR Stock Price
PGR RSI Chart
PGR Valuation
PGR Price/Sales (Trailing)
PGR Profitability
PGR Fundamentals
PGR Revenue
PGR Earnings
Price Action
52 Week Range
110.04149.87
(Low)(High)
Last 7 days
3.3%
Last 30 days
9.9%
Last 90 days
7.9%
Trailing 12 Months
17.0%
PGR Financial Health
PGR Investor Care
Historical Charts for Stock Metrics
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Net sales
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Latest Insider Trading transactions for PGR
Filter Transactions| Datesorted ascending | Name | Buy/Sell | $ Value | Avg. Price | # Shares | Title |
|---|---|---|---|---|---|---|
2023-09-18 | Mascaro Daniel P | sold | -220,412 | 140 | -1,570 | vice pres, secretary and clo |
2023-09-15 | Sauerland John P | sold | -1,622,280 | 135 | -12,000 | vp and chief financial officer |
2023-09-01 | Griffith Susan Patricia | gifted | - | - | -9,000 | president and ceo |
2023-08-30 | Snyder Barbara R | sold | -2,892,220 | 133 | -21,731 | - |
2023-08-24 | Sauerland John P | sold | -1,565,520 | 130 | -12,000 | vp and chief financial officer |
2023-08-03 | Quigg Andrew J | sold | -646,425 | 127 | -5,070 | chief strategy officer |
2023-07-27 | Sauerland John P | sold | -1,518,120 | 126 | -12,000 | vp and chief financial officer |
2023-07-03 | Snyder Barbara R | back to issuer | -72,104 | 132 | -545 | - |
2023-07-03 | Snyder Barbara R | acquired | - | - | 4,907 | - |
2023-06-29 | Sauerland John P | sold | -1,581,720 | 131 | -12,000 | vp and chief financial officer |
Which funds bought or sold PGR recently?
View All Details| Datesorted ascending | Fund Name | Type | % Chg | $ Change | $ Held | % Portfolio |
|---|---|---|---|---|---|---|
2023-09-21 | Baystate Wealth Management LLC | unchanged | - | -4,035 | 50,410 | -% |
2023-09-21 | Jefferies Group LLC | added | 5.64 | 58,495 | 1,104,920 | 0.01% |
2023-09-20 | BARCLAYS PLC | added | 108 | 104,365,000 | 216,384,000 | 0.14% |
2023-09-20 | Mondrian Investment Partners LTD | sold off | -100 | -269,668 | - | -% |
2023-09-12 | Farther Finance Advisors, LLC | added | 6.19 | -1,699 | 95,439 | 0.02% |
2023-09-08 | TUCKER ASSET MANAGEMENT LLC | unchanged | - | -1,775 | 21,973 | 0.01% |
2023-09-07 | ST GERMAIN D J CO INC | new | - | 8,075 | 8,075 | -% |
2023-09-05 | Westshore Wealth, LLC | reduced | -19.62 | -77,543 | 225,029 | 0.12% |
2023-09-05 | Covenant Partners, LLC | unchanged | - | -32,722 | 405,185 | 0.15% |
2023-08-30 | Western Wealth Management, LLC | added | 4.48 | -22,021 | 636,372 | 0.05% |
Latest Funds Activity
Calls
Puts
Net Call Options
No. of Funds
Schedule 13G FIlings of Progressive
| Date Filed | Name of Filer | Percent of Class | No. of Shares | Form Type | |
|---|---|---|---|---|---|
| Feb 09, 2023 | vanguard group inc | 8.64% | 50,562,142 | SC 13G/A | |
| Jan 31, 2023 | blackrock inc. | 7.4% | 43,452,644 | SC 13G/A | |
| Feb 10, 2022 | vanguard group inc | 8.08% | 47,203,179 | SC 13G/A | |
| Feb 04, 2022 | wellington management group llp | 4.84% | 28,261,623 | SC 13G/A | |
| Feb 01, 2022 | blackrock inc. | 7.8% | 45,790,327 | SC 13G/A | |
| Feb 10, 2021 | vanguard group inc | 8.25% | 48,263,533 | SC 13G/A | |
| Feb 04, 2021 | wellington management group llp | 5.81% | 34,012,839 | SC 13G/A | |
| Jan 29, 2021 | blackrock inc. | 7.5% | 44,189,367 | SC 13G/A | |
| Feb 12, 2020 | vanguard group inc | 8.17% | 47,814,893 | SC 13G/A | |
| Feb 05, 2020 | blackrock inc. | 7.2% | 42,015,810 | SC 13G/A |
Recent SEC filings of Progressive
View All Filings| Date Filed | Form Type | Document | |
|---|---|---|---|
| Sep 19, 2023 | 4 | Insider Trading | |
| Sep 18, 2023 | 144 | Notice of Insider Sale Intent | |
| Sep 18, 2023 | 4 | Insider Trading | |
| Sep 15, 2023 | 144 | Notice of Insider Sale Intent | |
| Sep 15, 2023 | 8-K | Current Report | |
| Sep 06, 2023 | 4 | Insider Trading | |
| Sep 01, 2023 | 4 | Insider Trading | |
| Aug 30, 2023 | 144 | Notice of Insider Sale Intent | |
| Aug 25, 2023 | 4 | Insider Trading | |
| Aug 24, 2023 | 144 | Notice of Insider Sale Intent |
PGR Fair Value
Loading...
Peers (Alternatives to Progressive)
View All Peers In Detail| Name | Mkt Capsorted ascending | Revenue | Price %, 1M | Returns, 1Y | P/E | P/S | Rev 1-Yr | Inc 1-Yr |
|---|---|---|---|---|---|---|---|---|
| LARGE-CAP | ||||||||
PGR | 83.8B | 55.3B | 9.87% | 17.02% | 48.05 | 1.51 | 11.39% | 104.72% |
AIG | 44.7B | 50.4B | 6.87% | 21.67% | 9.92 | 0.89 | -9.25% | -63.51% |
ALL | 29.9B | 54.6B | 8.02% | -9.66% | -11.17 | 0.55 | 9.14% | -383.17% |
AFG | 9.6B | 7.5B | -0.38% | -4.31% | 11.27 | 1.28 | 12.86% | -17.26% |
HIG | - | 23.6B | 2.33% | 16.97% | - | - | 5.78% | -4.19% |
TRV | 38.4B | 38.7B | 4.29% | 8.00% | 17.2 | 0.99 | 8.33% | -37.32% |
RE | 25.2B | 13.3B | 0.67% | 24.34% | 20.79 | 1.9 | 12.64% | 55.58% |
| MID-CAP | ||||||||
ESGR | 3.9B | 1.3B | -2.43% | 27.00% | 14.11 | 3.01 | 41.34% | 137.60% |
RNR | 10.4B | 7.4B | 11.61% | 46.43% | 25.13 | 1.39 | 62.27% | 144.80% |
| SMALL-CAP | ||||||||
PLMR | 1.3B | 348.9M | 1.26% | -38.66% | 22.1 | 3.67 | 16.85% | 25.90% |
HMN | 1.2B | 1.4B | 6.41% | -18.68% | -113.69 | 0.88 | 3.44% | -114.81% |
PRA | 1.0B | 1.1B | 8.32% | -8.43% | 110.3 | 0.9 | -2.53% | -76.30% |
JRVR | 586.9M | 901.0M | 5.12% | -34.78% | 12.65 | 0.65 | 14.76% | 164.17% |
Progressive News
Returns for PGR
Cumulative Returns on PGR
21.7%
10-Year Cumulative Returns
27.7%
7-Year Cumulative Returns
18.5%
5-Year Cumulative Returns
17.5%
3-Year Cumulative Returns
Risks for PGR
What is the probability of a big loss on PGR?
4.2%
Probability that Progressive stock will be more than 20% underwater in next one year
0%
Probability that Progressive stock will be more than 30% underwater in next one year.
0%
Probability that Progressive stock will be more than 40% underwater in next one year.
*Calculated based on probability distribution of losses observed in actual data in the last 5 years.
How does PGR drawdown profile look like?
Y-axis is the maximum loss one would have experienced if Progressive was unfortunately bought at previous high price.
Drawdowns
Financials for Progressive
Income Statement (Last 12 Months)(In Millions)
| Income Statement (Last 12 Months) | (In Millions) | |||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 | 2018Q3 | 2018Q2 |
| Revenue | 7.4% | 55,317 | 51,482 | 49,611 | 50,694 | 49,660 | 49,123 | 47,702 | 45,208 | 44,791 | 44,780 | 42,658 | 41,983 | 40,567 | 39,046 | 39,022 | 35,476 | 34,441 | 33,009 | 31,979 | 31,064 | 29,360 |
| EBITDA | -100.0% | - | 1,641 | 1,471 | 1,636 | 1,620 | 3,237 | 4,708 | 5,613 | 7,396 | 8,392 | 7,390 | 6,614 | 5,692 | 4,658 | 5,350 | 4,252 | 4,367 | 3,997 | 3,330 | - | - |
| EBITDA Margin | -100.0% | - | 0.03* | 0.03* | 0.03* | 0.04* | 0.07* | 0.10* | 0.12* | 0.16* | 0.19* | 0.17* | 0.16* | 0.14* | 0.12* | 0.14* | 0.12* | 0.12* | 0.12* | 0.10* | - | - |
| Interest Expenses | 1.1% | 255 | 253 | 244 | 232 | 223 | 217 | 219 | 223 | 225 | 225 | 217 | 208 | 199 | 190 | 190 | 188 | 183 | 177 | 167 | 156 | 151 |
| Earnings Before Taxes | 98.6% | 2,158 | 1,086 | 922 | 1,101 | 1,097 | 2,732 | 4,210 | 5,112 | 6,897 | 8,166 | 7,173 | 6,406 | 5,493 | 4,468 | 5,160 | 4,064 | 4,184 | 3,820 | 3,164 | 3,613 | 2,734 |
| EBT Margin | -100.0% | - | 0.02* | 0.02* | 0.02* | 0.02* | 0.06* | 0.09* | 0.11* | 0.15* | 0.18* | 0.17* | 0.15* | 0.14* | 0.11* | 0.13* | 0.11* | 0.12* | 0.11* | 0.10* | - | - |
| Net Income | 103.8% | 1,744 | 856 | 722 | 857 | 852 | 2,185 | 3,351 | 4,073 | 5,485 | 6,486 | 5,705 | 5,085 | 4,396 | 3,585 | 3,970 | 3,164 | 3,251 | 2,976 | 2,615 | 2,927 | 2,223 |
| Net Income Margin | -100.0% | - | 0.02* | 0.01* | 0.02* | 0.02* | 0.05* | 0.07* | 0.09* | 0.12* | 0.14* | 0.13* | 0.12* | 0.11* | 0.09* | 0.10* | 0.09* | 0.09* | 0.09* | 0.08* | - | - |
| Free Cashflow | -100.0% | - | 6,534 | 6,557 | 6,071 | 6,434 | 7,384 | 7,518 | 8,622 | 7,754 | 7,683 | 6,682 | 6,228 | 6,495 | 5,669 | 5,898 | 5,834 | 5,809 | 6,100 | 6,019 | - | - |
Balance Sheet(In Millions)
| Balance Sheet | (In Millions) | |||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 | 2018Q3 | 2018Q2 |
| Assets | 3.2% | 82,945 | 80,407 | 75,465 | 75,524 | 73,057 | 73,930 | 71,132 | 72,618 | 69,824 | 65,413 | 64,098 | 62,906 | 59,421 | 56,266 | 54,911 | 54,008 | 51,324 | 48,850 | 46,575 | 45,544 | 43,364 |
| Cash Equivalents | -37.8% | 180 | 289 | 221 | 365 | 241 | 287 | 202 | 286 | 115 | 123 | 77.00 | 91.00 | 109 | 370 | 227 | 46.00 | 93.00 | 159 | 75.00 | 123 | 158 |
| Net PPE | 4.2% | 989 | 949 | 1,034 | 1,067 | 1,125 | 1,104 | 1,137 | 1,161 | 1,086 | 1,077 | 1,106 | 1,182 | 1,190 | 1,215 | 1,214 | 1,214 | 1,175 | 1,127 | 1,132 | 1,139 | 1,116 |
| Goodwill | 0% | 228 | 228 | 228 | 228 | 228 | 453 | 453 | 453 | 453 | 453 | 453 | 453 | 453 | 453 | 453 | 453 | 453 | 453 | 453 | 453 | 453 |
| Liabilities | 4.2% | 66,234 | 63,539 | 59,574 | 60,748 | 57,405 | 56,878 | 52,901 | 54,060 | 51,149 | 47,577 | 47,060 | 44,819 | 42,751 | 41,689 | 41,012 | 39,662 | 37,773 | 36,518 | 35,539 | 33,468 | 32,145 |
| Shareholder's Equity | -0.9% | 16,711 | 16,868 | 15,891 | 14,776 | 15,653 | 17,051 | 18,232 | 18,558 | 18,676 | 17,837 | 17,039 | 18,087 | 16,671 | 14,352 | 13,673 | 14,123 | 13,331 | 12,111 | 10,822 | 11,859 | 11,001 |
| Retained Earnings | 1.7% | 16,350 | 16,080 | 15,721 | 14,988 | 14,968 | 15,570 | 15,340 | 15,390 | 15,401 | 14,680 | 13,355 | 14,428 | 13,002 | 11,266 | 10,680 | 10,995 | 10,276 | 9,358 | 8,387 | 9,602 | 8,720 |
| Additional Paid-In Capital | 1.5% | 1,936 | 1,908 | 1,893 | 1,840 | 1,815 | 1,789 | 1,773 | 1,736 | 1,712 | 1,686 | 1,673 | 1,629 | 1,615 | 1,602 | 1,573 | 1,539 | 1,523 | 1,497 | 1,479 | 1,443 | 1,426 |
| Accumulated Depreciation | 0.2% | 1,580 | 1,576 | 1,551 | 1,499 | 1,513 | 1,456 | 1,407 | 1,422 | 1,397 | 1,319 | 1,291 | 1,265 | 1,242 | 1,192 | 1,138 | 1,085 | 1,106 | 1,065 | 1,033 | 1,005 | 985 |
| Shares Outstanding | 0% | 585 | 585 | - | 585 | 584 | 584 | - | 585 | 585 | 585 | - | 585 | 585 | 585 | - | 584 | 584 | 584 | - | 583 | 582 |
Cashflow (Last 12 Months)(In Millions)
| Cashflow (Last 12 Months) | (In Millions) | |||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 | 2018Q3 | 2018Q2 |
| Cashflow From Operations | 13.9% | 7,743 | 6,796 | 6,849 | 6,371 | 6,715 | 7,650 | 7,762 | 8,857 | 7,965 | 7,894 | 6,906 | 6,487 | 6,766 | 6,019 | 6,262 | 6,217 | 6,176 | 6,406 | 6,285 | 5,735 | 5,218 |
| Cashflow From Investing | -23.2% | -7,920 | -6,430 | -7,956 | -6,505 | -6,280 | -7,147 | -3,119 | -5,041 | -4,865 | -4,839 | -6,117 | -5,536 | -5,830 | -5,114 | -4,338 | -4,831 | -4,857 | -5,131 | -7,034 | -6,164 | -5,460 |
| Cashflow From Financing | 132.0% | 116 | -363 | 1,126 | 214 | -308 | -338 | -4,516 | -3,621 | -3,094 | -3,302 | -938 | -904 | -919 | -692 | -1,770 | -1,461 | -1,383 | -1,312 | 550 | 296 | 239 |
| Dividend Payments | 0% | 234 | 234 | 234 | 1,111 | 1,111 | 1,111 | 3,747 | 2,870 | 2,870 | 2,870 | 1,551 | 1,551 | 1,551 | 1,551 | 1,643 | 1,585 | 1,526 | 1,468 | 655 | 655 | 655 |
PGR Income Statement
2023-06-30Consolidated Statements of Comprehensive Income - USD ($) shares in Millions, $ in Millions | 3 Months Ended | 6 Months Ended | ||||
|---|---|---|---|---|---|---|
Jun. 30, 2023 | Jun. 30, 2022 | Jun. 30, 2023 | Jun. 30, 2022 | |||
| Revenues | ||||||
| Net premiums earned | $ 14,464.4 | $ 12,147.9 | $ 27,997.5 | $ 23,950.8 | ||
| Investment income | 454.5 | 292.4 | 874.1 | 534.6 | ||
| Net realized gains (losses) on securities: | ||||||
| Net realized gains (losses) on security sales | 135.1 | 546.6 | 104.8 | 492.1 | ||
| Net holding period gains (losses) on securities | (6.0) | (1,722.2) | 98.4 | (2,110.8) | ||
| Net impairment losses recognized in earnings | (2.2) | (2.1) | (4.5) | (4.3) | ||
| Total net realized gains (losses) on securities | 126.9 | (1,177.7) | 198.7 | (1,623.0) | ||
| Fees and other revenues | 226.7 | 176.5 | 432.9 | 350.5 | ||
| Service revenues | 81.0 | 80.1 | 153.5 | 147.8 | ||
| Total revenues | 15,353.5 | 11,519.2 | 29,656.7 | 23,360.7 | ||
| Expenses | ||||||
| Losses and loss adjustment expenses | 12,170.1 | 9,421.1 | 22,794.1 | 18,279.5 | ||
| Policy acquisition costs | 1,153.6 | 933.6 | 2,269.4 | 1,897.0 | ||
| Other underwriting expenses | 1,431.7 | 1,431.2 | 3,289.6 | 2,937.5 | ||
| Investment expenses | 6.1 | 5.9 | 11.6 | 11.6 | ||
| Service expenses | 90.6 | 75.5 | 172.9 | 138.7 | ||
| Interest expense | 65.7 | 63.0 | 129.0 | 117.3 | ||
| Goodwill impairment | 0.0 | 224.8 | 0.0 | 224.8 | ||
| Total expenses | 14,917.8 | 12,155.1 | 28,666.6 | 23,606.4 | ||
| Net Income (Loss) | ||||||
| Income (loss) before income taxes | 435.7 | (635.9) | 990.1 | (245.7) | ||
| Provision (benefit) for income taxes | 90.3 | (93.0) | 196.8 | (16.7) | ||
| Net income (loss) | 345.4 | (542.9) | 793.3 | (229.0) | ||
| Other Comprehensive Income (Loss) | ||||||
| Total net unrealized gains (losses) on fixed-maturity securities | (455.6) | (822.8) | 147.6 | (2,249.7) | ||
| Net unrealized losses on forecasted transactions | 0.1 | 0.0 | 0.2 | 0.2 | ||
| Foreign currency translation adjustment | 0.2 | (0.4) | 0.2 | (0.2) | ||
| Other comprehensive income (loss) | (455.3) | (823.2) | 148.0 | (2,249.7) | ||
| Comprehensive income (loss) | (109.9) | (1,366.1) | 941.3 | (2,478.7) | ||
| Computation of Earnings Per Common Share | ||||||
| Net income (loss) | 345.4 | (542.9) | 793.3 | (229.0) | ||
| Less: Preferred share dividends | [1] | 9.5 | 6.7 | 16.8 | 13.4 | |
| Net income (loss) available to common shareholders | $ 335.9 | $ (549.6) | $ 776.5 | $ (242.4) | ||
| Average common shares outstanding - Basic | 584.9 | 584.3 | 584.9 | 584.3 | ||
| Net effect of dilutive stock-based compensation | 2.1 | 2.2 | 2.1 | 2.1 | ||
| Total average equivalent common shares - Diluted | 587.0 | 586.5 | 587.0 | 586.4 | ||
| Basic: Earnings per common share | $ 0.57 | $ (0.94) | $ 1.33 | $ (0.41) | ||
| Diluted: Earnings per common share | $ 0.57 | $ (0.94) | $ 1.32 | $ (0.41) | ||
| ||||||
PGR Balance Sheet
2023-06-30Consolidated Balance Sheets - USD ($) $ in Millions | Jun. 30, 2023 | Dec. 31, 2022 | Jun. 30, 2022 | ||
|---|---|---|---|---|---|
| Assets | |||||
| Fixed maturities (amortized cost: $57,484.7, $46,028.8, and $50,264.0) | $ 54,078.1 | $ 46,651.9 | $ 43,172.5 | ||
| Short-term investments (amortized cost: $1,494.3, $4,611.8, and $2,861.7) | 1,494.3 | 2,861.7 | 4,611.8 | ||
| Total available-for-sale securities | 55,572.4 | 49,513.6 | 47,784.3 | ||
| Nonredeemable preferred stocks (cost: $1,107.1, $1,522.5, and $1,364.2) | 985.1 | 1,213.2 | 1,360.5 | ||
| Common equities (cost: $662.0, $783.6, and $826.1) | 2,708.1 | 2,821.5 | 2,784.7 | ||
| Total equity securities | 3,693.2 | 4,034.7 | 4,145.2 | ||
| Total investments | 59,265.6 | 53,548.3 | 51,929.5 | ||
| Cash and cash equivalents | 163.9 | 203.5 | 226.1 | ||
| Restricted cash and cash equivalents | 15.6 | 17.4 | 14.4 | ||
| Total cash, cash equivalents, restricted cash, and restricted cash equivalents | 179.5 | 220.9 | 240.5 | ||
| Accrued investment income | 354.2 | 282.5 | 216.7 | ||
| Premiums receivable, net of allowance for credit losses of $343.9, $265.8, and $343.3 | 12,273.3 | 10,416.9 | 10,561.8 | ||
| Reinsurance recoverables | 5,516.9 | 5,832.1 | 4,961.2 | ||
| Prepaid reinsurance premiums | 242.9 | 295.5 | 464.3 | ||
| Deferred acquisition costs | 1,685.6 | 1,544.4 | 1,498.4 | ||
| Property and equipment, net of accumulated depreciation of $1,580.1, $1,512.6, and $1,551.1 | 989.0 | 1,034.0 | 1,124.7 | ||
| Goodwill | 227.9 | 227.9 | 227.9 | ||
| Intangible assets, net of accumulated amortization of $167.1, $147.7, and $158.6 | 77.8 | 86.3 | 97.2 | ||
| Net federal deferred income taxes | 1,198.5 | 1,131.5 | 955.6 | ||
| Other assets | 934.0 | 844.7 | 779.4 | ||
| Total assets | 82,945.2 | 75,465.0 | 73,057.2 | ||
| Liabilities | |||||
| Unearned premiums | 20,070.1 | 17,293.6 | 17,274.8 | ||
| Loss and loss adjustment expense reserves | 32,753.3 | 30,359.3 | 27,812.0 | ||
| Accounts payable, accrued expenses, and other liabilities | 6,524.0 | 5,532.8 | 5,931.2 | ||
| Debt | [1] | 6,886.5 | 6,388.3 | 6,386.5 | |
| Total liabilities | 66,233.9 | 59,574.0 | 57,404.5 | ||
| Shareholders' Equity | |||||
| Serial Preferred Shares, Series B, no par value (cumulative, liquidation preference $1,000 per share) (authorized, issued, and outstanding 0.5) | 493.9 | 493.9 | 493.9 | ||
| Common shares, $1.00 par value (authorized 900.0; issued 797.6, including treasury shares of 212.3, 212.7, and 212.7) | 585.3 | 584.9 | 584.9 | ||
| Paid-in capital | 1,935.7 | 1,893.0 | 1,815.2 | ||
| Retained earnings | 16,350.4 | 15,721.2 | 14,967.7 | ||
| Accumulated other comprehensive income (loss): | |||||
| Net unrealized gains (losses) on fixed-maturity securities | (2,638.7) | (2,786.3) | (2,193.5) | ||
| Net unrealized losses on forecasted transactions | (14.3) | (14.5) | (14.7) | ||
| Foreign currency translation adjustment | (1.0) | (1.2) | (0.8) | ||
| Total accumulated other comprehensive income (loss) | (2,654.0) | (2,802.0) | (2,209.0) | ||
| Total shareholders’ equity | 16,711.3 | 15,891.0 | 15,652.7 | ||
| Total liabilities and shareholders’ equity | $ 82,945.2 | $ 75,465.0 | $ 73,057.2 | ||
| |||||
The Progressive Corporation, an insurance holding company, provides personal and commercial auto, personal residential and commercial property, general liability, and other specialty property-casualty insurance products and related services in the United States. It operates in three segments: Personal Lines, Commercial Lines, and Property. The Personal Lines segment writes insurance for personal autos and recreational vehicles (RV). This segment's products include personal auto insurance; and special lines products, including insurance for motorcycles, ATVs, RVs, watercrafts, snowmobiles, and related products. The Commercial Lines segment provides auto-related primary liability and physical damage insurance, and business-related general liability and property insurance for autos, vans, pick-up trucks, and dump trucks used by small businesses; tractors, trailers, and straight trucks primarily used by regional general freight and expeditor-type businesses, and long-haul operators; dump trucks, log trucks, and garbage trucks used by dirt, sand and gravel, logging, and coal-type businesses; and tow trucks and wreckers used in towing services and gas/service station businesses; as well as non-fleet and airport taxis, and black-car services. The Property segment writes residential property insurance for homeowners, other property owners, and renters, as well as offers personal umbrella insurance, and primary and excess flood insurance. The company also offers policy issuance and claims adjusting services; and acts as an agent to homeowner general liability, workers' compensation insurance, and other products. In addition, it provides reinsurance services. The company sells its products through independent insurance agencies, as well as directly on Internet through mobile devices, and over the phone. The Progressive Corporation was founded in 1937 and is headquartered in Mayfield, Ohio.