7Baggers
Quarterly
Annual
    Unit: USD2025-09-30 2025-06-30 2025-03-31 2024-09-30 2024-06-30 2024-03-31 2023-09-30 2023-06-30 2023-03-31 2022-09-30 2022-06-30 2022-03-31 2021-12-31 2021-09-30 2021-06-30 2021-03-31 2020-12-31 2020-09-30 2020-06-30 2020-03-31 2019-12-31 2019-09-30 2019-06-30 2019-03-31 2018-12-31 2018-09-30 2018-06-30 2018-03-31 
      
    		                            
      cash flows from operating activities
    		                            
      net income
    		2,615,000,000 3,175,000,000 2,567,000,000 2,333,400,000 1,458,700,000 2,331,400,000 1,121,300,000 345,400,000 447,900,000 124,100,000 -542,900,000 313,900,000 962,300,000 118,500,000 790,100,000 1,480,000,000  1,530,800,000 1,790,400,000 699,100,000  843,600,000 979,000,000 1,082,800,000  930,200,000 701,200,000 729,800,000 
      adjustments to reconcile net income to net cash from operating activities:
    		                            
      depreciation
    		81,000,000 79,000,000 70,000,000 70,700,000 67,800,000 69,700,000 71,400,000 72,600,000 68,000,000 77,900,000 78,500,000 71,100,000  74,500,000 66,500,000 62,900,000  70,900,000 67,700,000 62,600,000  56,400,000 62,000,000 52,600,000  51,200,000 45,700,000 40,900,000 
      net amortization (accretion) of fixed-income securities
    		-26,000,000 -34,000,000 -21,000,000 -3,400,000 -12,600,000 -7,500,000 -2,100,000 -500,000 -5,000,000                    
      amortization of equity-based compensation
    		42,000,000 32,000,000 16,000,000 37,300,000 31,700,000 16,800,000 42,900,000 27,900,000 15,900,000 26,000,000 26,400,000 17,300,000 -65,600,000 26,000,000 26,900,000 15,800,000 -59,000,000 16,700,000 21,900,000 23,300,000 -61,800,000 18,700,000 26,800,000 19,200,000 -51,600,000 15,500,000 21,100,000 17,400,000 
      net realized (gains) losses on securities
    		-295,000,000 -387,000,000 212,000,000 -287,400,000 126,300,000 -155,600,000 149,000,000 -126,900,000 -71,800,000 216,400,000 1,177,700,000 445,300,000  -36,800,000 -461,800,000 -585,300,000    553,600,000       -32,800,000 48,200,000 
      net (gains) losses on disposition of property and equipment
    		1,000,000 -2,000,000 3,000,000 -800,000 600,000 -1,700,000 16,800,000 -10,300,000 16,500,000 3,300,000 -1,300,000 3,300,000  -4,500,000 1,600,000 -1,100,000  3,000,000 1,700,000 100,000    5,100,000  5,700,000 500,000 1,200,000 
      changes in:
    		                            
      premiums receivable
    		-113,000,000 405,000,000 -2,442,000,000 -590,900,000 -352,000,000 -2,234,300,000 -134,700,000 138,100,000 -1,994,500,000 -305,900,000 -42,800,000 -1,119,500,000  -810,500,000 -124,800,000 -1,058,700,000             
      reinsurance recoverables
    		90,000,000 252,000,000 316,000,000 -100,000 122,000,000 90,500,000 185,700,000 99,300,000 215,900,000 -1,345,600,000 63,800,000 -44,500,000  -335,800,000 -113,500,000 -123,800,000            34,300,000 
      prepaid reinsurance premiums
    		48,000,000 43,000,000 43,000,000 66,800,000 -81,000,000 40,000,000 7,900,000 26,700,000 25,900,000 96,800,000 -9,200,000 2,500,000  -33,800,000 54,900,000 -299,500,000  -102,100,000 76,900,000 188,300,000         
      deferred acquisition costs
    		-54,000,000 -42,000,000 -107,000,000 -93,300,000 -120,100,000 -130,800,000 -46,500,000 -58,800,000 -82,400,000 -86,800,000 -90,700,000 -52,100,000  -70,100,000 -51,500,000 -71,900,000             
      income taxes
    		35,000,000 -840,000,000 667,000,000 -25,600,000 -950,700,000 609,500,000 234,700,000 -267,700,000 106,600,000 -214,400,000 -453,400,000 76,200,000 354,600,000 -75,200,000 -364,800,000 283,800,000 25,900,000 -668,700,000 461,900,000 128,700,000 -4,200,000 22,300,000 -307,800,000 465,200,000 -39,200,000 23,000,000 -179,100,000 181,100,000 
      unearned premiums
    		487,000,000 -277,000,000 2,754,000,000 1,092,100,000 773,100,000 2,773,600,000 691,600,000 225,800,000 2,550,700,000 522,100,000 283,400,000 1,375,600,000  1,115,500,000 443,100,000 1,608,400,000  1,143,700,000 414,500,000 252,300,000  729,800,000 193,100,000 917,100,000  763,300,000 408,100,000 934,300,000 
      loss and loss adjustment expense reserves
    		951,000,000 1,332,000,000 765,000,000 1,456,300,000 1,774,200,000 441,800,000 824,000,000 1,726,900,000 667,100,000 2,819,800,000 1,057,800,000 590,100,000  2,030,700,000 1,683,100,000 797,900,000  1,077,200,000 205,500,000 201,100,000  801,400,000 692,000,000 475,800,000  550,000,000 741,800,000 242,100,000 
      accounts payable, accrued expenses, and other liabilities
    		1,529,000,000 216,000,000 334,000,000 542,600,000 599,900,000 457,800,000 329,100,000 194,500,000 565,500,000 110,000,000 -108,600,000 545,100,000 -1,344,600,000 315,200,000 337,700,000 380,100,000 -267,700,000    -873,400,000 314,700,000 314,300,000 291,500,000 -1,062,400,000 332,400,000 417,200,000 283,200,000 
      other
    		-196,000,000 88,000,000 -34,000,000 12,800,000 -172,100,000 -65,800,000 -74,500,000 -59,100,000 -82,200,000 5,800,000 -281,600,000 236,400,000 -20,500,000 7,800,000 -8,300,000 80,000,000 30,800,000   34,200,000        24,200,000 
      net cash from operating activities
    		5,195,000,000 4,040,000,000 5,143,000,000 4,610,500,000 3,265,800,000 4,235,400,000 3,419,500,000 2,337,000,000 2,449,500,000 2,027,300,000 1,389,600,000 2,502,300,000 -4,598,100,000 2,371,200,000 2,323,900,000 2,614,500,000 -1,405,200,000 1,479,700,000 2,252,800,000 1,625,800,000 -2,952,800,000 1,758,700,000 1,506,200,000 1,868,500,000 -4,273,000,000 1,718,200,000 1,736,200,000 1,747,100,000 
      capex
    		-66,000,000 -102,000,000 -59,000,000 -56,700,000 -67,900,000 -50,200,000 -36,300,000 -90,400,000 -43,200,000 -108,300,000 -63,700,000 -73,000,000 0 -89,800,000 -48,000,000 -50,500,000 0 0 0 0 0 0 0 0 0 0 0 0 
      free cash flows
    		5,129,000,000 3,938,000,000 5,084,000,000 4,553,800,000 3,197,900,000 4,185,200,000 3,383,200,000 2,246,600,000 2,406,300,000 1,919,000,000 1,325,900,000 2,429,300,000 -4,598,100,000 2,281,400,000 2,275,900,000 2,564,000,000 -1,405,200,000 1,479,700,000 2,252,800,000 1,625,800,000 -2,952,800,000 1,758,700,000 1,506,200,000 1,868,500,000 -4,273,000,000 1,718,200,000 1,736,200,000 1,747,100,000 
      cash flows from investing activities
    		                            
      purchases:
    		                            
      fixed maturities
    		-8,558,000,000 -9,030,000,000 -17,324,000,000 -11,303,100,000 -11,244,200,000 -13,288,200,000 -6,585,300,000 -6,251,400,000 -6,119,500,000 -4,340,400,000 -2,878,900,000 -11,453,400,000  -6,857,700,000 -7,943,100,000 -10,421,400,000  -39,724,100,000 6,333,300,000 7,415,900,000  3,950,800,000 3,947,400,000 4,214,700,000  743,500,000 2,223,700,000 1,692,400,000 
      equity securities
    		-56,000,000 -1,000,000 -86,000,000 -78,000,000 -200,000 -32,400,000 -2,100,000 -3,300,000 -17,800,000 -35,400,000 -16,800,000 -74,300,000  -48,800,000 -219,400,000 -196,700,000  -1,163,900,000 101,100,000 281,000,000  44,100,000 92,600,000 39,000,000  313,500,000 32,000,000 428,000,000 
      sales:
    		                            
      maturities, paydowns, calls, and other:
    		                            
      net (purchases) sales of short-term investments
    		604,000,000 535,000,000 -1,964,000,000 -16,800,000 607,900,000 479,200,000 -281,900,000 1,053,100,000 360,800,000 398,500,000 -4,078,200,000 413,100,000  622,300,000 610,200,000 2,976,800,000             
      net change in unsettled security transactions
    		220,000,000 6,000,000 172,000,000 394,400,000 57,900,000 61,800,000 -80,700,000 225,200,000 57,200,000                    
      purchases of property and equipment
    		-66,000,000 -102,000,000 -59,000,000 -56,700,000 -67,900,000 -50,200,000 -36,300,000 -90,400,000 -43,200,000 -108,300,000 -63,700,000 -73,000,000  -89,800,000 -48,000,000 -50,500,000             
      sales of property and equipment
    		18,000,000 39,000,000 13,000,000 18,700,000 42,300,000 3,500,000 6,200,000 24,500,000 4,300,000 4,400,000 5,100,000 6,500,000  51,600,000 4,000,000 7,500,000  8,700,000 1,300,000 3,500,000  15,300,000 18,400,000 6,200,000  1,400,000 5,200,000 1,500,000 
      net cash from investing activities
    		-5,047,000,000 -4,040,000,000 -2,341,000,000 -4,420,800,000 -3,262,500,000 -3,124,300,000 -3,352,100,000 -2,867,000,000 -2,277,200,000 -1,781,500,000 -1,377,100,000 -3,802,500,000 5,359,900,000 -1,556,600,000 -2,243,400,000 224,900,000 1,401,500,000            
      cash flows from financing activities
    		                            
      dividends paid to common shareholders
    		-58,000,000 -59,000,000 -2,695,000,000 -58,600,000 -58,600,000 -497,900,000 -58,500,000 -58,500,000 -58,500,000 -58,500,000 -58,500,000 -58,500,000 -935,000,000 -58,500,000 -58,500,000 -2,694,500,000 -58,600,000            
      acquisition of treasury shares for equity award tax liabilities
    		-37,000,000 -1,000,000 -54,000,000 -82,800,000                         
      acquisition of treasury shares acquired in open market
    		-3,000,000   -3,000,000   -20,400,000   -2,400,000 0 0 -55,500,000 -35,300,000 -10,200,000 -54,800,000 -35,400,000      0 0     
      redemption of preferred shares
    		0 0 0                          
      dividends paid to preferred shareholders
    		0 0 0 0 0 -7,800,000 -10,300,000 -9,500,000 -13,400,000 -13,400,000 0 -13,400,000 0 -13,400,000 0 -13,400,000 0            
      net cash from financing activities
    		-98,000,000 -72,000,000 -2,749,000,000 -144,400,000 -69,500,000 -1,042,800,000 -108,500,000 420,900,000 -104,600,000 -121,000,000 -59,300,000 1,385,400,000 -970,800,000 -643,700,000 -89,100,000 -2,792,700,000 140,000,000        428,000,000 -52,800,000 500,000 354,800,000 
      increase in cash, cash equivalents, restricted cash, and restricted cash equivalents
    		50,000,000 -72,000,000 53,000,000 45,300,000 -66,200,000 68,300,000 -41,100,000 -109,100,000 67,700,000 124,800,000 -46,800,000 85,200,000                 
      cash, cash equivalents, restricted cash, and restricted cash equivalents – january 1
    		0 0 154,000,000 0 0 99,600,000 0 0 220,900,000 0 0 202,100,000                 
      cash, cash equivalents, restricted cash, and restricted cash equivalents – september 30
    		                            
      cash, cash equivalents, restricted cash, and restricted cash equivalents – june 30
    		                            
      cash, cash equivalents, restricted cash, and restricted cash equivalents – march 31
    		  207,000,000   167,900,000   288,600,000   287,300,000                 
      redemption of serial preferred shares, series b
    		   0 0 -500,000,000                       
      net proceeds from debt issuances
    		   0   0 496,300,000 0 0 0 1,486,000,000  0 0 0  0 0 986,300,000  0 0 0     
      acquisition of treasury shares for restricted stock tax liabilities
    		     -37,100,000 -19,300,000 -300,000 -32,700,000 -46,700,000 -800,000 -28,700,000 -300,000 -36,500,000 -400,000 -30,000,000 -1,700,000            
      amortization of intangible assets
    		      2,900,000 3,100,000 5,400,000 5,400,000 5,500,000 14,600,000  14,600,000 14,300,000 14,200,000  14,200,000 14,100,000 14,500,000  15,800,000 18,000,000 17,900,000  18,000,000 18,000,000 18,000,000 
      goodwill impairment
    		      0   0                   
      net amortization of fixed-income securities
    		         -27,600,000 2,200,000 27,000,000  35,100,000 30,400,000 31,700,000  29,900,000 23,600,000 18,900,000  12,200,000 1,700,000 200,000  6,500,000 8,200,000 15,000,000 
      net unsettled security transactions
    		         74,700,000 -356,000,000 212,600,000  -12,400,000 49,000,000 267,600,000  191,300,000 -320,100,000 586,100,000  -17,000,000    -356,900,000 278,500,000 89,400,000 
      acquisition of protective insurance corporation, net of cash, cash equivalents, and restricted cash equivalents acquired
    		                            
      payment of acquired company debt
    		         0                   
      payments of debt
    		            0         0 0 0     
      acquisition of protective insurance corporation, net of cash, cash equivalents, and restricted cash acquired
    		                            
      cash flows from operating activities:
    		                            
      undistributed income from subsidiaries
    		                            
      intercompany receivable
    		                            
      cash flows from investing activities:
    		                            
      additional investments in equity securities of consolidated subsidiaries
    		                            
      acquisition of protective insurance corporation
    		                            
      acquisition of additional shares of arx holding corp.
    		            0 0               
      (paid to) received from investment subsidiary
    		                            
      cash flows from financing activities:
    		                            
      net proceeds from debt issuance
    		                          0 589,500,000 
      loan to arx holding corp.
    		                            
      change in cash, cash equivalents, and restricted cash
    		                            
      cash, cash equivalents, restricted cash - beginning of year
    		                            
      cash, cash equivalents, restricted cash - end of year
    		                            
      acquisition of protective insurance corporation, net of cash, cash equivalents, and restricted cash acquired1
    		             0               
      payment of acquired company debt1
    		             0               
      proceeds from exercise of equity options
    		             0    0    0 1,600,000 0  0 2,700,000 600,000 
      cash, cash equivalents, and restricted cash – january 1
    		             0 0 76,500,000  0 0 227,400,000  0 0 75,000,000  0   
      increase in cash, cash equivalents, and restricted cash
    		              -8,600,000 46,700,000    143,000,000   -65,800,000 83,700,000     
      cash, cash equivalents, and restricted cash – march 31
    		               123,200,000    370,400,000    158,700,000     
      net income attributable to progressive
    		                            
      adjustments to reconcile net income attributable to progressive to net cash from operating activities:
    		                            
      acquisition of additional shares - arx
    		                            
      net proceeds from preferred stock issuance
    		                            
      decrease in cash, cash equivalents, and restricted cash
    		                            
      cash, cash equivalents, and restricted cash – september 30
    		                            
      cash, cash equivalents, and restricted cash – june 30
    		                            
      net sales of short-term investments
    		                            
      undistributed (income) income from subsidiaries
    		                            
      (gains) losses on extinguishment of debt
    		                            
      acquisition of an insurance company
    		                            
      reacquisitions of debt
    		                            
      net proceeds from issuance of serial preferred shares, series b
    		                     0 0 0  0 0 493,900,000 
      net sales (purchases) of short-term investments
    		                            
      loan to arx holding corp.1
    		                            
      tax benefit from vesting of equity-based compensation
    		                            
      other (gains) losses
    		                         0 0 0 
      acquisition of an insurance company, net of cash acquired
    		                         0   
      redemption/reacquisition of subordinated debt
    		                         0 0 0 
      effect of exchange rate changes on cash
    		                            
      collateral on derivative positions
    		                           0 
      cash, cash equivalents, and restricted cash - january 1
    		                           275,300,000 
      cash, cash equivalents, and restricted cash - march 31
    		                           196,600,000 
      acquisition of arx
    		                            
      dividends paid to shareholders
    		                            
    The information provided in this report is taken from www.sec.gov and many other data providers. While we have conducted our best efforts to ensure that the parsed data is accurate, we cannot guarantee its accuracy. Please use caution and understand that any consequences of its use are your own responsibility.