The Progressive Corporation(NYSE:PGR)

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: Person...
Website: http://www.progressive.com
Founded: 1937
Full Time Employees: 41,571
Sector: Financial Services
Industry: Insurance-Property & Casualty
• Market Cap:
• Exchange:
• Shs Outstanding:
• Employees:
• Beta:
• Return on Equity (ROE) ttm:
• Return on Assets (ROA) ttm:
• EPS ttm:
• Book value per Share:
• Cash per Share:
• Current ast per Share:
• P/E ttm:
• P/E forward:
• P/E ttm high:
• P/E ttm low:
• P/S ttm:
• P/B ttm:
• P/FCF ttm:
• PEG ratio:
• Cash Ratio ttm:
• Quick Ratio ttm:
• Current Ratio ttm:
• Gross Mgn ttm:
• EBITDA Mgn ttm:
• Operating Mgn ttm:
• Net Income Mgn ttm:
• Trailing Div yield:
• Forward Div yield:
• Payout Ratio ttm:
• Ex-Dividend date:
• Target Price High:
• Target Price Low:
• Target Price Mean:
• Number of Analysts:
• Debt Ratio ttm:
• Debt to Equity ttm:
• Total Net Debt:
At a glance:
Bull Thesis:
Bear Thesis:
Main Competitors:
Moat:
Income Statements:
Quarterly
Annual
| Unit: USD | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-12-31 | 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 | 2019-09-30 | 2019-06-30 | 2019-03-31 | 2018-09-30 | 2018-06-30 | 2018-03-31 | 2017-09-30 | 2017-06-30 | 2017-03-31 | 2016-09-30 | 2016-06-30 | 2016-03-31 | 2015-09-30 | 2015-06-30 | 2014-03-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
revenues | |||||||||||||||||||||||||||||||||||||||
net premiums earned | 20,968,000,000 | 21,093,000,000 | 20,849,000,000 | 20,310,000,000 | 19,409,000,000 | 19,144,200,000 | 18,296,700,000 | 17,209,500,000 | 16,148,600,000 | 14,894,300,000 | 14,464,400,000 | 13,533,100,000 | 12,891,500,000 | 12,398,900,000 | 12,147,900,000 | 11,802,900,000 | 8,191,825,000 | 11,364,800,000 | 10,982,300,000 | 10,420,200,000 | 7,263,200,000 | 9,973,500,000 | 9,648,600,000 | 9,430,700,000 | 9,012,200,000 | 8,824,700,000 | 8,459,800,000 | 7,930,500,000 | 7,634,200,000 | 7,174,000,000 | 6,544,000,000 | 6,313,300,000 | 6,026,700,000 | 5,723,400,000 | 5,561,800,000 | 5,317,400,000 | 5,070,600,000 | 4,995,800,000 | 4,402,300,000 |
investment income | 917,000,000 | 974,000,000 | 924,000,000 | 871,000,000 | 814,000,000 | 789,900,000 | 739,500,000 | 685,000,000 | 617,600,000 | 510,200,000 | 454,500,000 | 419,600,000 | 392,100,000 | 333,600,000 | 292,400,000 | 242,200,000 | 159,950,000 | 208,900,000 | 210,700,000 | 220,200,000 | 178,875,000 | 230,500,000 | 243,800,000 | 241,200,000 | 263,000,000 | 261,300,000 | 252,900,000 | 218,100,000 | 192,100,000 | 166,300,000 | 142,900,000 | 138,800,000 | 129,200,000 | 119,300,000 | 114,600,000 | 118,800,000 | 117,500,000 | 113,300,000 | 103,300,000 |
net realized gains on securities: | |||||||||||||||||||||||||||||||||||||||
net realized gains on security sales | 96,000,000 | 216,000,000 | 12,000,000 | 19,000,000 | 1,000,000 | -109,100,000 | 68,000,000 | -226,400,000 | -146,500,000 | -66,200,000 | 135,100,000 | -30,300,000 | -233,500,000 | -62,100,000 | 546,600,000 | -54,500,000 | 151,950,000 | 53,900,000 | 410,100,000 | 143,800,000 | 192,775,000 | 195,900,000 | 260,000,000 | 315,200,000 | 71,700,000 | 67,500,000 | 46,100,000 | 108,400,000 | 107,000,000 | ||||||||||
net holding period gains on securities | -216,000,000 | 42,000,000 | 283,000,000 | 368,000,000 | -213,000,000 | 57,400,000 | 219,400,000 | 100,100,000 | 302,100,000 | -80,500,000 | -6,000,000 | 104,400,000 | 162,800,000 | -152,100,000 | -1,722,200,000 | -388,600,000 | 119,950,000 | -15,900,000 | 54,200,000 | 441,500,000 | 24,675,000 | 336,700,000 | 630,800,000 | 31,800,000 | 112,400,000 | 392,700,000 | 95,800,000 | 53,500,000 | |||||||||||
total net realized gains on securities | -120,000,000 | 257,000,000 | 295,000,000 | 387,000,000 | -212,000,000 | -52,700,000 | 287,400,000 | -126,300,000 | 155,600,000 | -149,000,000 | 126,900,000 | 71,800,000 | -72,800,000 | -216,400,000 | -1,177,700,000 | -445,300,000 | 270,975,000 | 36,800,000 | 461,800,000 | 585,300,000 | 217,450,000 | 532,600,000 | 890,800,000 | 65,400,000 | 179,900,000 | 414,500,000 | 182,100,000 | 32,800,000 | 32,100,000 | 51,900,000 | 32,300,000 | 17,400,000 | 76,000,000 | 119,400,000 | |||||
fees and other revenues | 297,000,000 | 300,000,000 | 306,000,000 | 303,000,000 | 287,000,000 | 289,600,000 | 278,100,000 | 259,800,000 | 236,500,000 | 223,700,000 | 226,700,000 | 206,200,000 | 190,200,000 | 181,400,000 | 176,500,000 | 174,000,000 | 129,200,000 | 174,900,000 | 176,200,000 | 165,700,000 | 108,700,000 | 151,800,000 | 129,500,000 | 153,500,000 | 138,400,000 | 134,800,000 | 130,200,000 | 122,600,000 | 116,000,000 | 103,800,000 | 96,300,000 | 88,800,000 | 85,200,000 | 86,800,000 | 82,500,000 | 78,900,000 | 79,300,000 | 74,900,000 | 72,800,000 |
service revenues | 126,000,000 | 122,000,000 | 138,000,000 | 133,000,000 | 111,000,000 | 105,200,000 | 117,300,000 | 106,300,000 | 84,200,000 | 81,400,000 | 81,000,000 | 72,500,000 | 68,800,000 | 82,700,000 | 80,100,000 | 67,700,000 | 50,525,000 | 73,800,000 | 74,500,000 | 53,800,000 | 42,350,000 | 58,800,000 | 59,000,000 | 51,600,000 | 51,500,000 | 50,000,000 | 42,600,000 | 42,500,000 | 42,900,000 | 34,200,000 | 33,300,000 | 32,700,000 | 28,500,000 | 26,200,000 | 26,500,000 | 25,000,000 | 23,100,000 | 23,300,000 | 9,800,000 |
total revenues | 22,188,000,000 | 22,746,000,000 | 22,512,000,000 | 22,004,000,000 | 20,409,000,000 | 20,276,200,000 | 19,719,000,000 | 18,134,300,000 | 17,242,500,000 | 15,560,600,000 | 15,353,500,000 | 14,303,200,000 | 13,469,800,000 | 12,780,200,000 | 11,519,200,000 | 11,841,500,000 | -31,683,500,000 | 11,859,200,000 | 11,905,500,000 | 11,445,200,000 | 11,415,800,000 | 10,947,200,000 | 10,971,700,000 | 9,323,400,000 | 9,530,500,000 | 9,450,700,000 | 9,300,000,000 | 8,495,800,000 | 8,018,000,000 | 7,430,100,000 | 6,791,800,000 | 6,605,700,000 | 6,321,700,000 | 5,935,000,000 | 5,819,300,000 | 5,557,500,000 | 5,273,800,000 | 5,283,300,000 | 4,707,600,000 |
yoy | 8.72% | 12.18% | 14.16% | 21.34% | 18.36% | 30.30% | 28.43% | 26.78% | 28.01% | 21.76% | 33.29% | 20.79% | -142.51% | 7.77% | -3.24% | 3.46% | -377.54% | 8.33% | 8.51% | 22.76% | 19.78% | 15.83% | 17.98% | 9.74% | 18.86% | 27.19% | 36.93% | 28.61% | 26.83% | 25.19% | 16.71% | 18.86% | 19.87% | 12.34% | 23.62% | ||||
qoq | -2.45% | 1.04% | 2.31% | 7.82% | 0.65% | 2.83% | 8.74% | 5.17% | 10.81% | 1.35% | 7.34% | 6.19% | 5.40% | 10.95% | -2.72% | -137.37% | -367.16% | -0.39% | 4.02% | 0.26% | 4.28% | -0.22% | 17.68% | -2.17% | 0.84% | 1.62% | 9.47% | 5.96% | 7.91% | 9.40% | 2.82% | 4.49% | 6.52% | 1.99% | 4.71% | 5.38% | -0.18% | 12.23% | |
expenses | |||||||||||||||||||||||||||||||||||||||
losses and loss adjustment expenses | 13,827,000,000 | 14,105,000,000 | 13,445,000,000 | 13,605,000,000 | 12,804,000,000 | 12,982,800,000 | 12,510,300,000 | 12,595,300,000 | 10,971,600,000 | 11,387,900,000 | 12,170,100,000 | 10,624,000,000 | 9,824,500,000 | 10,018,700,000 | 9,421,100,000 | 8,858,400,000 | 6,191,900,000 | 9,250,700,000 | 8,406,400,000 | 7,110,500,000 | 4,547,425,000 | 6,713,100,000 | 5,321,400,000 | 6,155,200,000 | 6,426,300,000 | 6,138,100,000 | 5,759,000,000 | 5,523,100,000 | 5,375,300,000 | 4,870,800,000 | 5,050,500,000 | 4,614,900,000 | 4,263,400,000 | 4,398,200,000 | 4,243,000,000 | 3,913,400,000 | 3,654,300,000 | 3,617,200,000 | 3,205,900,000 |
policy acquisition costs | 1,538,000,000 | 1,574,000,000 | 1,555,000,000 | 1,511,000,000 | 1,456,000,000 | 1,453,000,000 | 1,390,200,000 | 1,307,600,000 | 1,232,200,000 | 1,173,200,000 | 1,153,600,000 | 1,115,800,000 | 1,049,100,000 | 970,900,000 | 933,600,000 | 963,400,000 | 688,675,000 | 951,500,000 | 928,800,000 | 874,400,000 | 603,375,000 | 835,200,000 | 795,500,000 | 782,800,000 | 751,500,000 | 738,600,000 | 710,600,000 | 662,700,000 | 630,800,000 | 596,200,000 | 540,100,000 | 514,200,000 | 502,900,000 | 475,400,000 | 458,900,000 | 440,300,000 | 423,200,000 | 417,300,000 | 369,000,000 |
other underwriting expenses | 3,048,000,000 | 2,906,000,000 | 3,015,000,000 | 2,689,000,000 | 2,719,000,000 | 2,680,900,000 | 2,669,900,000 | 2,179,800,000 | 1,931,400,000 | 1,420,700,000 | 1,431,700,000 | 1,857,900,000 | 1,425,700,000 | 1,496,400,000 | 1,431,200,000 | 1,506,300,000 | 1,076,500,000 | 1,384,400,000 | 1,440,500,000 | 1,481,100,000 | 1,044,925,000 | 1,330,900,000 | 1,438,900,000 | 1,409,900,000 | 1,240,300,000 | 1,231,500,000 | 1,171,200,000 | 1,095,900,000 | 1,046,900,000 | 980,200,000 | 877,700,000 | 845,000,000 | 845,600,000 | 739,600,000 | 766,800,000 | 755,800,000 | 707,500,000 | 662,400,000 | 610,400,000 |
investment expenses | 8,000,000 | 8,000,000 | 10,000,000 | 9,000,000 | 7,000,000 | 8,800,000 | 7,200,000 | 7,300,000 | 5,700,000 | 7,200,000 | 6,100,000 | 5,500,000 | 6,900,000 | 5,800,000 | 5,900,000 | 5,700,000 | 4,625,000 | 6,600,000 | 6,300,000 | 5,600,000 | 3,625,000 | 4,700,000 | 4,500,000 | 5,300,000 | 5,900,000 | 6,200,000 | 6,200,000 | 5,800,000 | 6,200,000 | 6,000,000 | 5,800,000 | 6,600,000 | 5,600,000 | 4,800,000 | 5,300,000 | 4,800,000 | 4,900,000 | 5,700,000 | 4,100,000 |
service expenses | 131,000,000 | 128,000,000 | 144,000,000 | 139,000,000 | 117,000,000 | 112,900,000 | 126,700,000 | 114,300,000 | 92,100,000 | 91,700,000 | 90,600,000 | 82,300,000 | 75,200,000 | 82,800,000 | 75,500,000 | 63,200,000 | 47,500,000 | 72,800,000 | 67,900,000 | 49,300,000 | 38,675,000 | 54,400,000 | 52,800,000 | 47,500,000 | 48,700,000 | 45,300,000 | 38,100,000 | 35,800,000 | 37,000,000 | 29,300,000 | 28,900,000 | 27,000,000 | 25,900,000 | 23,200,000 | 23,700,000 | 21,600,000 | 20,400,000 | 20,500,000 | 9,700,000 |
interest expense | 70,000,000 | 69,000,000 | 70,000,000 | 69,000,000 | 70,000,000 | 69,900,000 | 69,900,000 | 69,600,000 | 69,600,000 | 69,700,000 | 65,700,000 | 63,300,000 | 63,100,000 | 63,100,000 | 63,000,000 | 54,300,000 | 53,000,000 | 54,200,000 | 56,400,000 | 56,400,000 | 40,200,000 | 56,400,000 | 56,400,000 | 48,000,000 | 47,500,000 | 47,400,000 | 47,400,000 | 42,000,000 | 41,700,000 | 36,800,000 | 37,400,000 | 43,400,000 | 36,800,000 | 35,300,000 | 34,300,000 | 34,200,000 | 34,500,000 | 34,900,000 | 26,700,000 |
total expenses | 18,622,000,000 | 19,064,000,000 | 19,189,000,000 | 18,022,000,000 | 17,173,000,000 | 17,308,300,000 | 16,774,200,000 | 16,273,900,000 | 14,302,600,000 | 14,150,400,000 | 14,917,800,000 | 13,748,800,000 | 12,444,500,000 | 12,637,700,000 | 12,155,100,000 | 11,451,300,000 | -31,968,200,000 | 11,720,200,000 | 10,906,300,000 | 9,577,300,000 | 6,543,825,000 | 9,023,700,000 | 8,702,900,000 | 8,448,700,000 | 8,520,200,000 | 8,207,100,000 | 7,732,500,000 | 7,365,300,000 | 7,137,900,000 | 6,519,300,000 | 6,540,400,000 | 6,051,100,000 | 5,680,200,000 | 5,676,500,000 | 5,532,000,000 | 5,170,100,000 | 4,844,800,000 | 4,758,000,000 | 4,225,800,000 |
net income | 2,818,000,000 | 2,951,000,000 | 2,615,000,000 | 3,175,000,000 | 2,567,000,000 | 2,356,500,000 | 2,333,400,000 | 1,458,700,000 | 2,331,400,000 | 1,121,300,000 | 345,400,000 | 447,900,000 | 826,400,000 | 124,100,000 | -542,900,000 | 313,900,000 | 597,150,000 | 118,500,000 | 790,100,000 | 1,480,000,000 | 1,005,075,000 | 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 | 214,800,000 | 372,700,000 | 430,300,000 | 205,500,000 | 194,900,000 | 258,700,000 | 286,500,000 | 368,500,000 | 321,300,000 |
yoy | 9.78% | 25.23% | 12.07% | 117.66% | 10.11% | 110.16% | 575.56% | 225.68% | 182.12% | 803.55% | -163.62% | 42.69% | 38.39% | 4.73% | -168.71% | -78.79% | -40.59% | -92.26% | -55.87% | 111.70% | 19.14% | 56.36% | 65.35% | -24.84% | 20.31% | 34.15% | 404.10% | 149.58% | 62.96% | 255.13% | 10.21% | 44.07% | 50.19% | -44.23% | -39.34% | ||||
qoq | -4.51% | 12.85% | -17.64% | 23.69% | 8.93% | 0.99% | 59.96% | -37.43% | 107.92% | 224.64% | -22.88% | -45.80% | 565.91% | -122.86% | -272.95% | -47.43% | 403.92% | -85.00% | -46.61% | 47.25% | -34.34% | -14.50% | 156.10% | -17.13% | -13.83% | -9.59% | 16.41% | 32.66% | -3.92% | 239.76% | -42.37% | -13.39% | 109.39% | 5.44% | -24.66% | -9.70% | -22.25% | 14.69% | |
net income margin % | 12.70% | 12.97% | 11.62% | 14.43% | 12.58% | 11.62% | 11.83% | 8.04% | 13.52% | 7.21% | 2.25% | 3.13% | 6.14% | 0.97% | -4.71% | 2.65% | -1.88% | 1.00% | 6.64% | 12.93% | 8.80% | 13.98% | 16.32% | 7.50% | 8.85% | 10.36% | 11.64% | 10.95% | 8.75% | 9.82% | 3.16% | 5.64% | 6.81% | 3.46% | 3.35% | 4.65% | 5.43% | 6.97% | 6.83% |
income before income taxes | 3,566,000,000 | 3,682,000,000 | 3,323,000,000 | 3,982,000,000 | 3,236,000,000 | 2,967,900,000 | 2,944,800,000 | 1,860,400,000 | 2,939,900,000 | 1,410,200,000 | 435,700,000 | 554,400,000 | 1,025,300,000 | 142,500,000 | -635,900,000 | 390,200,000 | 284,700,000 | 139,000,000 | 999,200,000 | 1,867,900,000 | 1,266,750,000 | 1,923,500,000 | 2,268,800,000 | 874,700,000 | 1,010,300,000 | 1,243,600,000 | 1,567,500,000 | 1,130,500,000 | 880,100,000 | 910,800,000 | 251,400,000 | 554,600,000 | 641,500,000 | 258,500,000 | 287,300,000 | 387,400,000 | 429,000,000 | 525,300,000 | 481,800,000 |
provision for income taxes | 748,000,000 | 731,000,000 | 708,000,000 | 807,000,000 | 669,000,000 | 611,400,000 | 611,400,000 | 401,700,000 | 608,500,000 | 288,900,000 | 90,300,000 | 106,500,000 | 198,900,000 | 18,400,000 | -93,000,000 | 76,300,000 | 154,375,000 | 20,500,000 | 209,100,000 | 387,900,000 | 261,675,000 | 392,700,000 | 478,400,000 | 175,600,000 | 166,700,000 | 264,600,000 | 484,700,000 | 200,300,000 | 178,900,000 | 181,000,000 | 160,500,000 | ||||||||
other comprehensive income | -86,000,000 | 284,000,000 | 429,000,000 | 365,325,000 | 1,561,400,000 | 107,800,000 | -207,900,000 | -388,400,000 | -455,300,000 | 603,300,000 | 327,900,000 | -920,900,000 | -823,200,000 | -1,426,500,000 | -312,600,000 | -129,900,000 | 90,900,000 | -539,400,000 | 151,550,000 | -24,400,000 | 567,600,000 | 63,000,000 | 58,300,000 | 277,600,000 | 301,300,000 | 76,200,000 | 84,500,000 | 135,000,000 | 87,100,000 | 91,200,000 | 69,700,000 | ||||||||
change in total net unrealized gains on fixed-maturity securities | -574,000,000 | ||||||||||||||||||||||||||||||||||||||
comprehensive income | 2,244,000,000 | 2,865,000,000 | 2,899,000,000 | 3,604,000,000 | 3,466,000,000 | 1,088,200,000 | 3,894,800,000 | 1,566,500,000 | 2,123,500,000 | 732,900,000 | -109,900,000 | 1,051,200,000 | 1,154,300,000 | -796,800,000 | -1,366,100,000 | -1,112,600,000 | 452,550,000 | -11,400,000 | 881,000,000 | 320,900,000 | |||||||||||||||||||
computation of earnings per common share | |||||||||||||||||||||||||||||||||||||||
average common shares outstanding - basic | 585,600,000 | 146,575,000 | 586,500,000 | 586,200,000 | 586,000,000 | 146,375,000 | 585,600,000 | 585,400,000 | 585,400,000 | 584,800,000 | 584,900,000 | 584,900,000 | 584,500,000 | 584,300,000 | 584,300,000 | 146,175,000 | 584,700,000 | 584,600,000 | 584,900,000 | 146,225,000 | 585,100,000 | 584,800,000 | 584,700,000 | 584,100,000 | 583,600,000 | 583,500,000 | 582.7 | 582 | 582 | ||||||||||
net effect of dilutive stock-based compensation | 1,300,000 | 1,700,000 | 1,600,000 | 1,700,000 | 2,000,000 | 2,000,000 | 1,900,000 | 2,700,000 | 2,100,000 | 2,100,000 | 2,600,000 | 2,200,000 | 2,000,000 | 650,000 | 2,400,000 | 2,200,000 | 2,000,000 | 700,000 | 2,700,000 | 2,400,000 | 2,200,000 | 3,000,000 | 3,300,000 | 3,100,000 | 3.9 | 3.8 | 3.6 | 4.3 | 3.3 | 3 | 3.1 | 2.7 | 2.3 | 3.9 | 3.8 | 3.8 | |||
total average equivalent common shares - diluted | 586,900,000 | 147,025,000 | 588,200,000 | 587,800,000 | 587,700,000 | 146,925,000 | 587,600,000 | 587,400,000 | 587,300,000 | 587,500,000 | 587,000,000 | 587,000,000 | 587,100,000 | 586,500,000 | 586,300,000 | 146,825,000 | 587,100,000 | 586,800,000 | 586,900,000 | 146,925,000 | 587,800,000 | 587,200,000 | 586,900,000 | 587,100,000 | 586,900,000 | 586,600,000 | 586.6 | 585.8 | 585.6 | ||||||||||
basic: earnings per common share | 4,810,000 | 5,040,000 | 4,460,000 | 5,420,000 | 4,380,000 | 4,020,000 | 3,980,000 | 2,490,000 | 3,950,000 | 1,900,000 | 570,000 | 750,000 | 1,400,000 | 200,000 | -940,000 | 530,000 | 1,012,500 | 190,000 | 1,340,000 | 2,520,000 | 1,710,000 | 2,600,000 | 3,050,000 | 1,170,000 | 1,430,000 | 1,670,000 | 1,840,000 | 1.58 | 1.2 | 1.23 | |||||||||
diluted: earnings per common share | 4,800,000 | 5,020,000 | 4,450,000 | 5,400,000 | 4,370,000 | 4,010,000 | 3,970,000 | 2,480,000 | 3,940,000 | 1,890,000 | 570,000 | 750,000 | 1,390,000 | 200,000 | -940,000 | 520,000 | 1,007,500 | 190,000 | 1,340,000 | 2,510,000 | 1,702,500 | 2,590,000 | 3,040,000 | 1,170,000 | 1,420,000 | 1,660,000 | 1,830,000 | 1.57 | 1.19 | 1.22 | |||||||||
policyholder credit expense1 | 274,000,000 | 950,000,000 | |||||||||||||||||||||||||||||||||||||
changes in: | |||||||||||||||||||||||||||||||||||||||
total net unrealized gains on fixed-maturity securities | -86,000,000 | 284,000,000 | 428,000,000 | 365,275,000 | 1,561,200,000 | 107,700,000 | -207,800,000 | -388,600,000 | -455,600,000 | 603,200,000 | 327,500,000 | -920,300,000 | -822,800,000 | -1,426,900,000 | -144,575,000 | -129,800,000 | 91,100,000 | -539,600,000 | 151,400,000 | -24,600,000 | 567,400,000 | 62,800,000 | 58,100,000 | 277,400,000 | 301,100,000 | ||||||||||||||
net unrealized losses on forecasted transactions | 1,000,000 | 75,000 | 100,000 | 100,000 | 100,000 | 200,000 | 100,000 | 100,000 | 100,000 | 100,000 | 200,000 | 150,000 | 100,000 | 300,000 | 200,000 | 150,000 | 200,000 | 200,000 | 200,000 | 200,000 | 200,000 | 200,000 | 200,000 | 200,000 | 200,000 | 100,000 | 2,300,000 | ||||||||||||
less: preferred share dividends and other2 | |||||||||||||||||||||||||||||||||||||||
net income available to common shareholders | 2,951,000,000 | 2,615,000,000 | 3,175,000,000 | 2,567,000,000 | 2,356,500,000 | 2,333,400,000 | 1,458,700,000 | 2,314,400,000 | 1,110,900,000 | 335,900,000 | 440,600,000 | 819,600,000 | 117,400,000 | -549,600,000 | 307,200,000 | 592,125,000 | 111,800,000 | 783,400,000 | 1,473,300,000 | 1,000,050,000 | 1,524,100,000 | 1,783,700,000 | 686,000,000 | 835,000,000 | 972,700,000 | 1,071,700,000 | 921.7 | 697.5 | 716.8 | ||||||||||
less: preferred share dividends and other1 | 17,000,000 | ||||||||||||||||||||||||||||||||||||||
decrease in total net unrealized losses on fixed-maturity securities | 899,000,000 | ||||||||||||||||||||||||||||||||||||||
net impairment losses recognized in earnings | -2,300,000 | -2,200,000 | -2,300,000 | -2,100,000 | -2,200,000 | -2,100,000 | -2,200,000 | -925,000 | -1,200,000 | -2,500,000 | |||||||||||||||||||||||||||||
foreign currency translation adjustment | -25,000 | 100,000 | -200,000 | 200,000 | 300,000 | -700,000 | -400,000 | 200,000 | -175,000 | -200,000 | -500,000 | 600,000 | 300,000 | 300,000 | 500,000 | ||||||||||||||||||||||||
goodwill impairment | |||||||||||||||||||||||||||||||||||||||
less: preferred share dividends1 | 10,400,000 | 9,500,000 | 7,300,000 | ||||||||||||||||||||||||||||||||||||
goodwill impairment1 | 224,800,000 | ||||||||||||||||||||||||||||||||||||||
less: preferred share dividends | 6,800,000 | 6,700,000 | 6,700,000 | 6,700,000 | 5,025,000 | 6,700,000 | 6,700,000 | 6,700,000 | 5,025,000 | 6,700,000 | 6,700,000 | 6,700,000 | 6,700,000 | 6,700,000 | 6,700,000 | 6.7 | 6.7 | 1.2 | |||||||||||||||||||||
policyholder credit expense | 265,600,000 | 29,000,000 | 1,033,400,000 | ||||||||||||||||||||||||||||||||||||
net income attributable to noncontrolling interest | |||||||||||||||||||||||||||||||||||||||
net income attributable to progressive | 1,480,000,000 | 1,684,300,000 | 1,530,800,000 | 1,790,400,000 | 692,700,000 | 841,700,000 | 979,400,000 | 1,078,400,000 | 928,400,000 | 704,200,000 | 718,000,000 | 224,000,000 | 367,600,000 | 424,300,000 | 198,700,000 | 190,900,000 | 258,200,000 | 278,300,000 | 363,300,000 | ||||||||||||||||||||
other comprehensive income attributable to nci | |||||||||||||||||||||||||||||||||||||||
comprehensive income attributable to progressive | 940,600,000 | 1,665,400,000 | 1,506,400,000 | 2,358,000,000 | 755,200,000 | 899,100,000 | 1,254,400,000 | 1,377,400,000 | 890,000,000 | 654,900,000 | 567,700,000 | 299,500,000 | 450,800,000 | 558,400,000 | 287,000,000 | 280,700,000 | 325,800,000 | 145,500,000 | 216,000,000 | ||||||||||||||||||||
net loss attributable to noncontrolling interest | 400,000 | 3,000,000 | |||||||||||||||||||||||||||||||||||||
other comprehensive loss attributable to nci | 400,000 | 600,000 | 4,000,000 | ||||||||||||||||||||||||||||||||||||
other gains | |||||||||||||||||||||||||||||||||||||||
total net unrealized gains on securities | -39,000,000 | -50,100,000 | -154,500,000 | 75,500,000 | 92,600,000 | 132,400,000 | 87,100,000 | 91,600,000 | 69,500,000 | -130,100,000 | -149,800,000 | ||||||||||||||||||||||||||||
computation of per share earnings available to progressive common shareholders | |||||||||||||||||||||||||||||||||||||||
dividends declared per common share1 | |||||||||||||||||||||||||||||||||||||||
net realized gains on securities | 18,300,000 | 45,900,000 | 52,900,000 | 40,900,000 | 32,500,000 | 17,400,000 | 77,700,000 | 119,400,000 | |||||||||||||||||||||||||||||||
gains on extinguishment of debt | 200,000 | 1,600,000 | |||||||||||||||||||||||||||||||||||||
benefit from income taxes | 36,600,000 | 181,900,000 | 211,200,000 | 53,000,000 | 92,400,000 | 128,700,000 | 142,500,000 | 156,800,000 | |||||||||||||||||||||||||||||||
net | 9,200,000 | ||||||||||||||||||||||||||||||||||||||
other comprehensive (income) loss attributable to nci | 1,200,000 | 2,800,000 | |||||||||||||||||||||||||||||||||||||
computation of per share earnings attributable to progressive | |||||||||||||||||||||||||||||||||||||||
average shares outstanding - basic | 581.3 | 580.5 | 580.3 | 581.5 | 582.4 | 583.2 | 585.2 | 585.7 | 593.9 | ||||||||||||||||||||||||||||||
total average equivalent shares - diluted | 585.6 | 583.8 | 583.3 | ||||||||||||||||||||||||||||||||||||
basic: earnings per share | 0.39 | 0.63 | 0.73 | 0.34 | 0.33 | ||||||||||||||||||||||||||||||||||
diluted: earnings per share | 0.38 | 0.63 | 0.73 | 0.34 | 0.33 | ||||||||||||||||||||||||||||||||||
dividends declared per share1 | |||||||||||||||||||||||||||||||||||||||
net income attributable to noncontrolling interest (nci), net of tax | 6,800,000 | 4,000,000 | 500,000 | 8,200,000 | 5,200,000 | ||||||||||||||||||||||||||||||||||
other comprehensive income, net of tax | |||||||||||||||||||||||||||||||||||||||
total equivalent shares - diluted | 584.6 | 585.1 | 585.5 | 589.1 | 589.5 | 597.7 | |||||||||||||||||||||||||||||||||
net unrealized gains on forecasted transactions | |||||||||||||||||||||||||||||||||||||||
computation of per share earnings | |||||||||||||||||||||||||||||||||||||||
basic: net income per share | 0.44 | 0.48 | 0.62 | 0.54 | |||||||||||||||||||||||||||||||||||
diluted: net income per share | 0.44 | 0.47 | 0.62 | 0.54 | |||||||||||||||||||||||||||||||||||
computation of net income per share | |||||||||||||||||||||||||||||||||||||||
other-than-temporary impairment (otti) losses: | |||||||||||||||||||||||||||||||||||||||
total otti losses | |||||||||||||||||||||||||||||||||||||||
non-credit losses, net of credit losses recognized on previously recorded non-credit otti losses | |||||||||||||||||||||||||||||||||||||||
net unrealized gains on securities: | |||||||||||||||||||||||||||||||||||||||
net non-credit related otti losses, adjusted for valuation changes | |||||||||||||||||||||||||||||||||||||||
other net unrealized gains on securities |
Balance Sheets:
Quarterly
Annual
| Unit: USD | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-12-31 | 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 | 2017-06-30 | 2017-03-31 | 2016-09-30 | 2016-06-30 | 2016-03-31 | 2015-09-30 | 2015-06-30 | 2015-03-31 | 2014-09-30 | 2014-06-30 | 2014-03-31 | 2013-09-30 | 2013-03-31 | 2012-09-30 | 2012-06-30 | 2012-03-31 | 2011-06-30 | 2010-03-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
assets | |||||||||||||||||||||||||||||||||||||||||||||||||||
available-for-sale securities, at fair value: | |||||||||||||||||||||||||||||||||||||||||||||||||||
fixed maturities | 87,832,000,000 | 88,509,000,000 | 82,272,000,000 | 77,101,000,000 | 74,411,200,000 | 67,488,300,000 | 63,629,700,000 | 56,591,900,000 | 54,078,100,000 | 50,289,200,000 | 44,173,100,000 | 43,172,500,000 | 46,316,400,000 | 45,045,700,000 | 43,031,000,000 | 39,091,800,000 | 36,313,500,000 | 34,726,400,000 | 34,276,600,000 | 32,812,700,000 | 31,188,200,000 | 27,821,900,000 | 25,642,700,000 | 23,789,200,000 | 22,420,100,000 | 20,201,700,000 | 20,201,700,000 | 16,243,800,000 | 16,243,800,000 | 16,243,800,000 | 15,332,200,000 | 15,332,200,000 | 15,332,200,000 | 13,549,200,000 | 13,549,200,000 | 12,506,200,000 | 13,540,400,000 | 13,540,400,000 | 12,295,200,000 | 12,075,900,000 | 11,952,700,000 | 11,788,500,000 | 11,850,000,000 | ||||||||
short-term investments | 2,126,000,000 | 1,515,000,000 | 2,103,000,000 | 2,595,000,000 | 756,500,000 | 733,400,000 | 1,326,700,000 | 1,795,200,000 | 1,494,300,000 | 2,524,100,000 | 4,237,600,000 | 4,611,800,000 | 529,900,000 | 1,088,700,000 | 1,710,600,000 | 2,243,100,000 | 4,667,800,000 | 4,700,500,000 | 2,524,200,000 | 1,467,400,000 | 1,360,900,000 | 2,584,700,000 | 2,809,700,000 | 3,231,200,000 | 3,052,400,000 | 2,869,400,000 | 2,869,400,000 | 3,572,900,000 | 3,572,900,000 | 3,572,900,000 | 2,172,000,000 | 2,172,000,000 | 2,172,000,000 | 2,149,000,000 | 2,149,000,000 | 1,872,900,000 | 1,272,600,000 | 1,272,600,000 | 2,394,100,000 | 1,679,200,000 | 1,520,100,000 | 1,343,500,000 | 1,090,800,000 | ||||||||
total available-for-sale securities | 89,958,000,000 | 90,024,000,000 | 84,375,000,000 | 79,696,000,000 | 75,167,700,000 | 68,221,700,000 | 64,956,400,000 | 58,387,100,000 | 55,572,400,000 | 52,813,300,000 | 48,410,700,000 | 47,784,300,000 | 46,846,300,000 | 46,134,400,000 | 44,741,600,000 | 41,334,900,000 | 40,981,300,000 | 39,426,900,000 | 36,800,800,000 | 34,280,100,000 | 32,549,100,000 | 30,406,600,000 | 28,452,400,000 | 27,020,400,000 | 25,472,500,000 | 23,071,100,000 | 23,071,100,000 | ||||||||||||||||||||||||
equity securities, at fair value: | |||||||||||||||||||||||||||||||||||||||||||||||||||
nonredeemable preferred stocks | 240,000,000 | 438,000,000 | 500,000,000 | 584,000,000 | 735,000,000 | 838,200,000 | 886,700,000 | 868,900,000 | 985,100,000 | 1,078,800,000 | 1,254,400,000 | 1,360,500,000 | 1,527,500,000 | 1,572,800,000 | 1,662,300,000 | 1,507,200,000 | 1,323,200,000 | 1,180,600,000 | 933,400,000 | 1,128,500,000 | 1,130,000,000 | 1,095,400,000 | 840,900,000 | 758,600,000 | 745,900,000 | 803,800,000 | 803,800,000 | 853,500,000 | 853,500,000 | 853,500,000 | 782,600,000 | 782,600,000 | 782,600,000 | 827,500,000 | 827,500,000 | 737,900,000 | 711,200,000 | 711,200,000 | 848,400,000 | 799,300,000 | 832,400,000 | 1,029,700,000 | 1,157,600,000 | ||||||||
common equities | 3,933,000,000 | 4,047,000,000 | 3,735,000,000 | 3,384,000,000 | 3,497,000,000 | 3,295,600,000 | 3,194,900,000 | 2,614,500,000 | 2,708,100,000 | 2,794,300,000 | 2,665,300,000 | 2,784,700,000 | 4,812,600,000 | 4,580,200,000 | 4,538,900,000 | 4,558,500,000 | 3,459,800,000 | 3,170,400,000 | 2,608,100,000 | 3,165,100,000 | 3,135,500,000 | 3,010,500,000 | 3,057,300,000 | 3,142,200,000 | 3,033,200,000 | 3,399,800,000 | 3,399,800,000 | 2,812,400,000 | 2,812,400,000 | 2,812,400,000 | 2,650,500,000 | 2,650,500,000 | 2,650,500,000 | 2,492,300,000 | 2,492,300,000 | 2,278,700,000 | 2,530,500,000 | 2,530,500,000 | 1,639,200,000 | 2,055,100,000 | 2,096,500,000 | 1,867,900,000 | 1,425,000,000 | ||||||||
total equity securities | 4,173,000,000 | 4,485,000,000 | 4,235,000,000 | 3,968,000,000 | 4,232,000,000 | 4,133,800,000 | 4,081,600,000 | 3,483,400,000 | 3,693,200,000 | 3,873,100,000 | 3,919,700,000 | 4,145,200,000 | 6,340,100,000 | 6,153,000,000 | 6,201,200,000 | 6,065,700,000 | 4,783,000,000 | 4,351,000,000 | 3,541,500,000 | 4,293,600,000 | 4,265,500,000 | 4,105,900,000 | 3,898,200,000 | 3,900,800,000 | 3,779,100,000 | 4,203,600,000 | 4,203,600,000 | ||||||||||||||||||||||||
total investments | 94,131,000,000 | 94,509,000,000 | 88,610,000,000 | 83,664,000,000 | 79,399,700,000 | 72,355,500,000 | 69,038,000,000 | 61,870,500,000 | 59,265,600,000 | 56,686,400,000 | 52,330,400,000 | 51,929,500,000 | 53,186,400,000 | 52,287,400,000 | 50,942,800,000 | 47,400,600,000 | 45,764,300,000 | 43,777,900,000 | 40,342,300,000 | 38,573,700,000 | 36,814,600,000 | 34,512,500,000 | 32,350,600,000 | 30,921,200,000 | 29,251,600,000 | 27,274,700,000 | 27,274,700,000 | 23,482,600,000 | 23,482,600,000 | 23,482,600,000 | 20,937,300,000 | 20,937,300,000 | 20,937,300,000 | 19,018,000,000 | 19,018,000,000 | 17,395,700,000 | 18,054,700,000 | 18,054,700,000 | 17,176,900,000 | 16,609,500,000 | 16,401,700,000 | 16,029,600,000 | 15,523,400,000 | ||||||||
cash and cash equivalents | 162,000,000 | 173,000,000 | 125,000,000 | 195,000,000 | 136,100,000 | 90,200,000 | 154,500,000 | 123,500,000 | 163,900,000 | 273,700,000 | 350,900,000 | 226,100,000 | 272,700,000 | 270,600,000 | 99,500,000 | 122,900,000 | 90,100,000 | 108,000,000 | 369,500,000 | 45,900,000 | 91,900,000 | 158,000,000 | 121,900,000 | 154,800,000 | 190,100,000 | 265,000,000 | 265,000,000 | ||||||||||||||||||||||||
restricted cash and cash equivalents | 17,000,000 | 12,000,000 | 10,000,000 | 12,000,000 | 10,900,000 | 11,500,000 | 13,400,000 | 14,900,000 | 15,600,000 | 14,900,000 | 14,400,000 | 14,400,000 | 14,600,000 | 14,900,000 | 15,100,000 | ||||||||||||||||||||||||||||||||||||
total cash, cash equivalents, restricted cash, and restricted cash equivalents | 179,000,000 | 185,000,000 | 135,000,000 | 207,000,000 | 147,000,000 | 101,700,000 | 167,900,000 | 138,400,000 | 179,500,000 | 288,600,000 | 365,300,000 | 240,500,000 | 287,300,000 | ||||||||||||||||||||||||||||||||||||||
accrued investment income | 685,000,000 | 691,000,000 | 636,000,000 | 584,000,000 | 560,300,000 | 564,100,000 | 464,200,000 | 378,100,000 | 354,200,000 | 299,500,000 | 217,400,000 | 216,700,000 | 193,400,000 | 168,600,000 | 179,300,000 | 166,000,000 | 181,500,000 | 190,800,000 | 171,600,000 | 182,500,000 | 187,500,000 | 172,100,000 | 159,500,000 | 146,300,000 | 139,200,000 | 119,700,000 | 119,700,000 | 103,900,000 | 103,900,000 | 103,900,000 | 102,200,000 | 102,200,000 | 102,200,000 | 87,300,000 | 87,300,000 | 82,300,000 | 89,800,000 | 89,800,000 | 88,200,000 | 96,400,000 | 96,800,000 | 104,300,000 | 109,300,000 | ||||||||
premiums receivable, net of allowance | 17,614,000,000 | 16,519,000,000 | 16,406,000,000 | 16,811,000,000 | 15,135,400,000 | 14,544,500,000 | 14,192,500,000 | 12,408,000,000 | 12,273,300,000 | 12,411,400,000 | 10,867,700,000 | 10,561,800,000 | 10,519,000,000 | 10,246,700,000 | 9,436,200,000 | 9,218,800,000 | 8,574,300,000 | 7,557,400,000 | 7,568,300,000 | 7,687,200,000 | 7,167,100,000 | 7,189,800,000 | 6,776,600,000 | 6,230,200,000 | 6,043,800,000 | 5,422,500,000 | 5,422,500,000 | 4,509,200,000 | 4,509,200,000 | 4,509,200,000 | 3,987,700,000 | 3,987,700,000 | 3,987,700,000 | 3,537,500,000 | 3,537,500,000 | 3,515,900,000 | 3,310,700,000 | 3,310,700,000 | 3,356,000,000 | 3,222,100,000 | 3,167,500,000 | 2,982,600,000 | 2,738,400,000 | ||||||||
reinsurance recoverables | 4,003,000,000 | 4,107,000,000 | 4,197,000,000 | 4,449,000,000 | 4,881,500,000 | 4,881,400,000 | 5,003,400,000 | 5,331,200,000 | 5,516,900,000 | 5,616,200,000 | 6,306,800,000 | 4,961,200,000 | 5,025,000,000 | 5,044,900,000 | 4,709,100,000 | 4,143,200,000 | 3,987,300,000 | 3,654,300,000 | 3,639,600,000 | 3,298,400,000 | 3,051,500,000 | 2,842,800,000 | |||||||||||||||||||||||||||||
prepaid reinsurance premiums | 198,000,000 | 215,000,000 | 263,000,000 | 306,000,000 | 224,000,000 | 290,800,000 | 209,800,000 | 235,000,000 | 242,900,000 | 269,600,000 | 367,500,000 | 464,300,000 | 455,100,000 | 661,100,000 | 620,000,000 | 667,600,000 | 463,400,000 | 361,300,000 | 438,200,000 | 458,800,000 | 338,000,000 | 446,700,000 | 379,600,000 | 289,800,000 | 342,800,000 | 203,300,000 | 203,300,000 | 170,500,000 | 170,500,000 | 170,500,000 | 199,300,000 | 199,300,000 | 199,300,000 | 85,300,000 | 85,300,000 | 81,800,000 | 74,900,000 | 74,900,000 | 72,800,000 | 71,100,000 | 70,000,000 | 86,700,000 | 88,100,000 | ||||||||
deferred acquisition costs | 2,131,000,000 | 2,164,000,000 | 2,110,000,000 | 2,068,000,000 | 2,031,600,000 | 1,938,300,000 | 1,818,200,000 | 1,732,100,000 | 1,685,600,000 | 1,626,800,000 | 1,585,200,000 | 1,498,400,000 | 1,407,700,000 | 1,430,700,000 | 1,360,600,000 | 1,309,100,000 | 1,265,000,000 | 1,154,800,000 | 1,095,800,000 | 1,093,700,000 | 1,047,400,000 | 999,100,000 | 962,700,000 | 895,700,000 | 842,300,000 | 780,500,000 | 780,500,000 | 651,200,000 | 651,200,000 | 651,200,000 | 564,100,000 | 564,100,000 | 564,100,000 | 457,200,000 | 457,200,000 | 466,900,000 | 447,600,000 | 447,600,000 | 461,800,000 | 452,400,000 | 441,700,000 | 451,600,000 | 417,200,000 | ||||||||
property and equipment | 792,000,000 | 790,000,000 | 820,000,000 | 854,000,000 | 688,800,000 | 713,500,000 | 756,300,000 | 919,800,000 | 989,000,000 | 949,000,000 | 1,067,100,000 | 1,124,700,000 | 1,104,400,000 | 1,161,000,000 | 1,086,400,000 | 1,077,400,000 | 1,181,600,000 | 1,189,800,000 | 1,215,100,000 | 1,214,200,000 | 1,174,900,000 | 1,127,300,000 | 1,139,300,000 | 1,116,400,000 | 1,112,000,000 | 1,119,600,000 | 1,119,600,000 | 1,177,100,000 | 1,177,100,000 | 1,177,100,000 | 1,037,200,000 | 1,037,200,000 | 1,037,200,000 | 960,600,000 | 960,600,000 | 950,000,000 | 960,900,000 | 960,900,000 | 918,200,000 | 914,300,000 | 916,400,000 | 917,100,000 | 932,600,000 | ||||||||
net federal deferred income taxes | 742,000,000 | 90,000,000 | 662,000,000 | 633,000,000 | 860,000,000 | 82,000,000 | 598,000,000 | 1,001,000,000 | 1,031,800,000 | 65,600,000 | 1,357,100,000 | 1,198,500,000 | 1,057,000,000 | 64,300,000 | 1,269,500,000 | 955,600,000 | 370,500,000 | 65,100,000 | 110,700,000 | 219,400,000 | 241,500,000 | 86,900,000 | |||||||||||||||||||||||||||||
other assets | 1,734,000,000 | 163,000,000 | 1,693,000,000 | 1,670,000,000 | 1,606,000,000 | 176,000,000 | 1,536,200,000 | 1,502,200,000 | 1,445,800,000 | 165,400,000 | 979,600,000 | 934,000,000 | 893,800,000 | 150,600,000 | 827,600,000 | 779,400,000 | 825,400,000 | 207,300,000 | 747,600,000 | 776,100,000 | 697,500,000 | 270,900,000 | 744,100,000 | 758,300,000 | 722,800,000 | 303,800,000 | 757,800,000 | 738,900,000 | 671,900,000 | 124,200,000 | 396,900,000 | 412,200,000 | 362,200,000 | 412,900,000 | 412,900,000 | 339,600,000 | 339,600,000 | 339,600,000 | 335,800,000 | 335,800,000 | 335,800,000 | 288,500,000 | 288,500,000 | 614,600,000 | 304,300,000 | 304,300,000 | 235,300,000 | 195,200,000 | 200,700,000 | 198,900,000 | 251,900,000 |
total assets | 122,209,000,000 | 45,502,000,000 | 121,535,000,000 | 115,480,000,000 | 111,409,000,000 | 35,566,000,000 | 105,202,500,000 | 97,893,000,000 | 94,127,900,000 | 28,324,000,000 | 85,652,600,000 | 82,945,200,000 | 80,407,100,000 | 22,696,600,000 | 75,524,200,000 | 73,057,200,000 | 73,929,600,000 | 23,558,900,000 | 72,618,100,000 | 69,824,300,000 | 65,413,300,000 | 25,634,200,000 | 62,890,800,000 | 59,406,100,000 | 56,265,200,000 | 20,156,500,000 | 54,008,100,000 | 51,324,200,000 | 48,850,300,000 | 17,159,600,000 | 45,543,700,000 | 43,363,500,000 | 41,330,900,000 | 38,701,200,000 | 38,701,200,000 | 33,427,500,000 | 33,427,500,000 | 33,427,500,000 | 29,819,300,000 | 29,819,300,000 | 29,819,300,000 | 25,787,600,000 | 25,787,600,000 | 24,315,400,000 | 24,408,200,000 | 24,408,200,000 | 23,429,300,000 | 22,719,000,000 | 22,269,300,000 | 21,807,600,000 | 21,150,300,000 |
liabilities and shareholders’ equity | |||||||||||||||||||||||||||||||||||||||||||||||||||
unearned premiums | 27,893,000,000 | 26,822,000,000 | 26,335,000,000 | 26,612,000,000 | 24,772,500,000 | 23,680,400,000 | 22,907,300,000 | 20,761,700,000 | 20,070,100,000 | 19,844,300,000 | 17,796,900,000 | 17,274,800,000 | 16,991,400,000 | 16,671,400,000 | 15,555,900,000 | 15,045,900,000 | 14,199,300,000 | 13,055,600,000 | 12,641,100,000 | 12,526,500,000 | 11,796,700,000 | 11,603,600,000 | 11,009,200,000 | 10,245,900,000 | 9,837,800,000 | 8,903,500,000 | 8,903,500,000 | 7,468,300,000 | 7,468,300,000 | 7,468,300,000 | 6,621,800,000 | 6,621,800,000 | 6,621,800,000 | 5,440,100,000 | 5,440,100,000 | 5,460,100,000 | 5,174,500,000 | 5,174,500,000 | 5,203,400,000 | 5,014,600,000 | 4,880,600,000 | 4,704,300,000 | 4,353,800,000 | ||||||||
loss and loss adjustment expense reserves | 44,377,000,000 | 42,105,000,000 | 41,154,000,000 | 39,822,000,000 | 38,061,500,000 | 36,605,200,000 | 34,831,000,000 | 33,577,300,000 | 32,753,300,000 | 31,026,400,000 | 30,631,800,000 | 27,812,000,000 | 26,754,200,000 | 25,926,300,000 | 23,895,600,000 | 21,063,700,000 | 19,589,200,000 | 18,512,000,000 | 18,306,500,000 | 17,370,000,000 | 16,568,600,000 | 15,876,600,000 | 14,620,800,000 | 14,070,800,000 | 13,329,000,000 | 13,086,900,000 | 13,086,900,000 | 11,368,000,000 | 11,368,000,000 | 11,368,000,000 | 10,039,000,000 | 10,039,000,000 | 10,039,000,000 | 8,857,400,000 | 8,857,400,000 | 8,592,600,000 | 8,479,700,000 | 8,479,700,000 | 7,760,200,000 | 7,573,200,000 | 7,337,400,000 | 7,142,600,000 | 7,071,000,000 | ||||||||
dividends payable on common shares | 58,000,000 | 7,972,000,000 | 2,695,000,000 | 58,500,000 | 58,500,000 | 58,500,000 | 58,500,000 | 58,500,000 | 2,694,500,000 | ||||||||||||||||||||||||||||||||||||||||||
accounts payable, accrued expenses, and other liabilities | 9,456,000,000 | 310,000,000 | 10,267,000,000 | 8,492,000,000 | 9,127,000,000 | 387,000,000 | 8,317,400,000 | 7,376,300,000 | 7,688,600,000 | 1,158,300,000 | 7,030,700,000 | 6,524,000,000 | 6,278,700,000 | 417,300,000 | 5,931,900,000 | 5,931,200,000 | 6,688,700,000 | 370,000,000 | 6,394,900,000 | 6,021,800,000 | 5,770,400,000 | 505,000,000 | 5,405,800,000 | 5,576,100,000 | 5,346,500,000 | 475,200,000 | 5,222,900,000 | 4,867,500,000 | 4,594,300,000 | 250,500,000 | 3,924,100,000 | 3,922,300,000 | 3,414,300,000 | 3,481,000,000 | 3,481,000,000 | 2,495,500,000 | 2,495,500,000 | 2,495,500,000 | 2,067,800,000 | 2,067,800,000 | 2,067,800,000 | 1,893,800,000 | 1,893,800,000 | 1,911,700,000 | 1,785,000,000 | 1,785,000,000 | 1,848,400,000 | 1,781,800,000 | 1,709,600,000 | 1,652,100,000 | 1,718,400,000 |
debt1 | 8,386,000,000 | 6,897,000,000 | 6,896,000,000 | 6,895,000,000 | 6,894,000,000 | 6,893,000,000 | 6,891,800,000 | 6,890,700,000 | 6,889,700,000 | 6,888,600,000 | 6,887,600,000 | 6,886,500,000 | 6,389,300,000 | 6,388,300,000 | 6,387,400,000 | 6,386,500,000 | 6,385,600,000 | 4,898,800,000 | 4,898,200,000 | 5,397,500,000 | 5,396,800,000 | 5,396,100,000 | 5,395,400,000 | 5,394,700,000 | 5,394,000,000 | 4,406,500,000 | 4,406,000,000 | 4,405,400,000 | 3,859,900,000 | 3,859,500,000 | 3,859,200,000 | 3,306,300,000 | 3,306,300,000 | 2,707,900,000 | 2,707,900,000 | 2,707,900,000 | 2,164,700,000 | 2,164,700,000 | 1,861,300,000 | 1,860,900,000 | 1,860,900,000 | 2,062,700,000 | 2,062,800,000 | 2,080,000,000 | 1,959,100,000 | 1,958,200,000 | |||||
total liabilities | 90,170,000,000 | 15,179,000,000 | 86,090,000,000 | 82,876,000,000 | 82,455,000,000 | 9,975,000,000 | 78,043,200,000 | 74,552,600,000 | 72,316,600,000 | 8,046,900,000 | 68,257,300,000 | 66,233,900,000 | 63,538,700,000 | 6,805,600,000 | 60,748,000,000 | 57,404,500,000 | 56,878,400,000 | 5,327,300,000 | 54,060,000,000 | 51,148,700,000 | 47,576,800,000 | 8,595,600,000 | 44,803,600,000 | 42,735,500,000 | 41,688,100,000 | 6,257,700,000 | 39,661,900,000 | 37,773,300,000 | 36,518,400,000 | 6,123,300,000 | 33,467,500,000 | 32,144,500,000 | 30,493,500,000 | 28,912,700,000 | 28,912,700,000 | 24,986,700,000 | 24,986,700,000 | 24,986,700,000 | 22,065,000,000 | 22,065,000,000 | 22,065,000,000 | 18,859,000,000 | 18,859,000,000 | 17,876,800,000 | 18,218,700,000 | 18,218,700,000 | 16,874,700,000 | 16,432,400,000 | 16,018,900,000 | 15,458,100,000 | 15,101,400,000 |
common shares, 1.00 par value | 584,000,000 | 586,000,000 | 586,000,000 | 586,000,000 | 586,000,000 | 586,000,000 | 585,800,000 | 585,700,000 | 585,700,000 | 585,300,000 | 585,000,000 | 585,300,000 | 585,400,000 | 584,900,000 | 585,100,000 | 584,900,000 | 584,900,000 | 584,400,000 | 585,000,000 | 585,200,000 | 585,200,000 | 585,200,000 | 585,600,000 | 585,400,000 | 585,300,000 | 584,600,000 | 584,600,000 | 584,100,000 | 584,000,000 | 583,200,000 | 583,100,000 | 582,500,000 | 582,400,000 | 581,700,000 | 581,700,000 | 579,900,000 | 579,900,000 | 579,900,000 | 583,600,000 | 583,600,000 | 583,600,000 | 587,800,000 | 587,800,000 | 593,100,000 | 595,800,000 | 595,800,000 | 604,700,000 | 609,200,000 | 611,200,000 | 642,700,000 | 662,400,000 |
paid-in capital | 2,314,000,000 | 2,307,000,000 | 2,233,000,000 | 2,192,000,000 | 2,160,000,000 | 2,145,000,000 | 2,096,200,000 | 2,060,500,000 | 2,028,700,000 | 2,013,100,000 | 1,977,900,000 | 1,935,700,000 | 1,907,700,000 | 1,893,000,000 | 1,839,600,000 | 1,815,200,000 | 1,788,600,000 | 1,772,900,000 | 1,735,900,000 | 1,712,300,000 | 1,685,500,000 | 1,672,900,000 | 1,629,400,000 | 1,614,500,000 | 1,601,900,000 | 1,573,400,000 | 1,539,100,000 | 1,523,300,000 | 1,496,600,000 | 1,479,000,000 | 1,443,400,000 | 1,425,900,000 | 1,401,600,000 | 1,389,200,000 | 1,389,200,000 | 1,303,400,000 | 1,303,400,000 | 1,303,400,000 | 1,218,800,000 | 1,218,800,000 | 1,218,800,000 | 1,184,300,000 | 1,184,300,000 | 1,159,000,000 | 1,142,000,000 | 1,142,000,000 | 1,048,600,000 | 1,040,400,000 | 1,029,400,000 | 1,007,700,000 | 1,007,100,000 |
retained earnings | 29,612,000,000 | 27,327,000,000 | 32,437,000,000 | 29,921,000,000 | 26,732,000,000 | 24,283,000,000 | 24,631,700,000 | 22,410,000,000 | 21,020,500,000 | 18,800,500,000 | 17,380,900,000 | 16,350,400,000 | 16,080,100,000 | 15,721,200,000 | 14,987,500,000 | 14,967,700,000 | 15,569,600,000 | 15,339,700,000 | 15,390,000,000 | 15,401,000,000 | 14,679,600,000 | 13,354,900,000 | 14,427,700,000 | 13,001,800,000 | 11,266,200,000 | 10,679,600,000 | 10,995,200,000 | 10,276,400,000 | 9,358,100,000 | 8,386,600,000 | 9,602,100,000 | 8,720,400,000 | 8,017,900,000 | 6,031,700,000 | 6,031,700,000 | 5,140,400,000 | 5,140,400,000 | 5,140,400,000 | 4,686,600,000 | 4,686,600,000 | 4,686,600,000 | 4,133,400,000 | 4,133,400,000 | 3,735,200,000 | 3,500,000,000 | 3,500,000,000 | 3,996,200,000 | 3,794,300,000 | 3,715,000,000 | 3,835,600,000 | 3,595,700,000 |
accumulated other comprehensive income: | |||||||||||||||||||||||||||||||||||||||||||||||||||
net unrealized gains on fixed-maturity securities | -457,000,000 | 203,000,000 | -81,000,000 | -509,000,000 | -139,700,000 | -1,700,900,000 | -1,808,600,000 | -3,027,300,000 | -2,638,700,000 | -2,183,100,000 | -3,113,800,000 | -2,193,500,000 | -1,370,700,000 | 369,000,000 | 498,800,000 | 407,700,000 | 966,400,000 | 991,000,000 | 423,600,000 | 531,000,000 | 472,900,000 | 195,500,000 | |||||||||||||||||||||||||||||
net unrealized losses on forecasted transactions | -13,000,000 | -13,000,000 | -13,000,000 | -14,000,000 | -13,700,000 | -13,800,000 | -13,900,000 | -14,100,000 | -14,300,000 | -14,400,000 | -14,600,000 | -14,700,000 | -14,700,000 | -15,000,000 | -15,100,000 | -15,400,000 | -15,800,000 | -14,800,000 | -14,800,000 | -9,400,000 | -9,400,000 | -9,400,000 | -8,200,000 | -8,200,000 | |||||||||||||||||||||||||||
foreign currency translation adjustment | -1,000,000 | -1,000,000 | -1,000,000 | -1,000,000 | -1,000,000 | -1,100,000 | -1,100,000 | -1,000,000 | -1,000,000 | -1,200,000 | -1,500,000 | -800,000 | -400,000 | -700,000 | -500,000 | -1,100,000 | -1,100,000 | -1,100,000 | -1,500,000 | -1,500,000 | -1,500,000 | -300,000 | -300,000 | 600,000 | 600,000 | 600,000 | 2,100,000 | 1,700,000 | 2,300,000 | 2,200,000 | 1,700,000 | ||||||||||||||||||||
total accumulated other comprehensive income | -471,000,000 | 103,000,000 | 189,000,000 | -95,000,000 | -524,000,000 | -1,423,000,000 | -154,400,000 | -1,715,800,000 | -1,823,600,000 | -1,615,700,000 | -3,042,400,000 | -2,654,000,000 | -2,198,700,000 | -2,802,000,000 | -3,129,900,000 | -2,209,000,000 | -1,385,800,000 | 40,700,000 | 353,300,000 | 483,200,000 | 800,400,000 | 800,400,000 | 800,400,000 | 1,023,100,000 | 1,023,100,000 | 951,300,000 | 951,700,000 | 951,700,000 | 905,100,000 | 842,700,000 | 894,800,000 | 863,500,000 | 783,700,000 | ||||||||||||||||||
total shareholders’ equity | 32,039,000,000 | 30,323,000,000 | 35,445,000,000 | 32,604,000,000 | 28,954,000,000 | 25,591,000,000 | 27,159,300,000 | 23,340,400,000 | 21,811,300,000 | 20,277,100,000 | 17,395,300,000 | 16,711,300,000 | 16,868,400,000 | 15,891,000,000 | 14,776,200,000 | 15,652,700,000 | 17,051,200,000 | 18,231,600,000 | 18,558,100,000 | 18,675,600,000 | 17,836,500,000 | 17,038,600,000 | 18,087,200,000 | 16,670,600,000 | 14,351,500,000 | 13,673,200,000 | 14,123,300,000 | 13,330,800,000 | 12,110,700,000 | 10,821,800,000 | 11,858,800,000 | 11,000,800,000 | 10,323,200,000 | 9,284,800,000 | 9,284,800,000 | 7,957,100,000 | 7,957,100,000 | 7,957,100,000 | 7,289,400,000 | 7,289,400,000 | 7,289,400,000 | 6,928,600,000 | 6,928,600,000 | 6,438,600,000 | 6,189,500,000 | 6,189,500,000 | 6,554,600,000 | 6,286,600,000 | 6,250,400,000 | 6,349,500,000 | 6,048,900,000 |
total liabilities and shareholders’ equity | 122,209,000,000 | 45,502,000,000 | 121,535,000,000 | 115,480,000,000 | 111,409,000,000 | 35,566,000,000 | 105,202,500,000 | 97,893,000,000 | 94,127,900,000 | 28,324,000,000 | 85,652,600,000 | 82,945,200,000 | 80,407,100,000 | 22,696,600,000 | 75,524,200,000 | 73,057,200,000 | 73,929,600,000 | 23,558,900,000 | 72,618,100,000 | 69,824,300,000 | 24,315,400,000 | 24,408,200,000 | 24,408,200,000 | 23,429,300,000 | 22,719,000,000 | 22,269,300,000 | 21,807,600,000 | 21,150,300,000 | |||||||||||||||||||||||
investment in affiliate | 5,000,000 | 5,000,000 | 5,000,000 | 5,000,000 | 5,000,000 | 5,000,000 | 5,000,000 | 5,000,000 | |||||||||||||||||||||||||||||||||||||||||||
investment in subsidiaries | 31,821,000,000 | 28,850,000,000 | 23,409,900,000 | 17,911,800,000 | 19,512,200,000 | 18,895,900,000 | 16,186,800,000 | 13,652,200,000 | |||||||||||||||||||||||||||||||||||||||||||
receivable from investment subsidiary | 12,524,000,000 | 5,812,000,000 | 3,791,400,000 | 4,098,700,000 | 3,382,100,000 | 5,901,700,000 | 2,912,000,000 | 2,658,900,000 | |||||||||||||||||||||||||||||||||||||||||||
intercompany receivable | 899,000,000 | 641,000,000 | 886,700,000 | 466,200,000 | 387,200,000 | 473,800,000 | 678,600,000 | 651,100,000 | |||||||||||||||||||||||||||||||||||||||||||
serial preferred shares, series b, no par value | 493,900,000 | 493,900,000 | 493,900,000 | 493,900,000 | 493,900,000 | 493,900,000 | 493,900,000 | 493,900,000 | 493,900,000 | 493,900,000 | 493,900,000 | 493,900,000 | 493,900,000 | 493,900,000 | 493,900,000 | 493,900,000 | 493,900,000 | 493,900,000 | 493,900,000 | 493,900,000 | 493,900,000 | 493,900,000 | 493,900,000 | ||||||||||||||||||||||||||||
serial preferred shares | |||||||||||||||||||||||||||||||||||||||||||||||||||
serial preferred shares, series b, no par value (cumulative, liquidation preference of 1,000 per share) (authorized, issued, and outstanding 0.5)2 | 493,900,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||
goodwill | 227,900,000 | 227,900,000 | 227,900,000 | 227,900,000 | 227,900,000 | 452,700,000 | 452,700,000 | 452,700,000 | 452,700,000 | 452,700,000 | 452,700,000 | 452,700,000 | 452,700,000 | 452,700,000 | 452,700,000 | 452,700,000 | 452,700,000 | 452,700,000 | 452,700,000 | 452,700,000 | 449,400,000 | 449,400,000 | 449,400,000 | 447,600,000 | 447,600,000 | 447,600,000 | 1,600,000 | 1,600,000 | |||||||||||||||||||||||
intangible assets, net of accumulated amortization of 170.0, 153.1, and 158.6 | 74,900,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||
intangible assets, net of accumulated amortization of 167.1, 147.7, and 158.6 | 77,800,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||
intangible assets, net of accumulated amortization of 164.0, 142.2, and 158.6 | 80,900,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||
intangible assets, net of accumulated amortization of 153.1, 369.2, and 383.8 | 91,800,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||
intangible assets, net of accumulated amortization of 147.7, 354.6, and 383.8 | 97,200,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||
intangible assets, net of accumulated amortization of 142.2, 340.3, and 383.8 | 102,700,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||
total cash, cash equivalents, and restricted cash | 285,500,000 | 114,600,000 | 123,200,000 | 91,100,000 | 109,100,000 | 370,400,000 | 46,200,000 | 92,900,000 | 158,700,000 | 122,700,000 | 157,700,000 | 196,600,000 | 275,300,000 | 275,300,000 | |||||||||||||||||||||||||||||||||||||
intangible assets, net of accumulated amortization of 369.2, 312.0, and 326.1 | 131,900,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||
liabilities | |||||||||||||||||||||||||||||||||||||||||||||||||||
shareholders’ equity | |||||||||||||||||||||||||||||||||||||||||||||||||||
intangible assets, net of accumulated amortization of 354.6, 297.8, and 326.1 | 146,500,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||
restricted cash | 300,000 | 1,000,000 | 1,100,000 | 900,000 | 300,000 | 1,000,000 | 700,000 | 800,000 | 2,900,000 | 6,500,000 | 10,300,000 | 10,300,000 | 300,000 | ||||||||||||||||||||||||||||||||||||||
intangible assets, net of accumulated amortization of 340.3, 328.5, and 326.1 | 157,200,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||
redeemable noncontrolling interest | 225,600,000 | 214,500,000 | |||||||||||||||||||||||||||||||||||||||||||||||||
accumulated other comprehensive income attributable to nci | |||||||||||||||||||||||||||||||||||||||||||||||||||
total accumulated other comprehensive income attributable to progressive | 392,300,000 | 931,700,000 | 950,600,000 | 975,000,000 | 404,200,000 | 341,700,000 | 510,500,000 | 453,100,000 | 178,100,000 | -120,900,000 | 1,282,200,000 | 1,282,200,000 | 933,400,000 | 933,400,000 | 933,400,000 | ||||||||||||||||||||||||||||||||||||
total liabilities, redeemable nci, and shareholders’ equity | 65,413,300,000 | 25,634,200,000 | 62,890,800,000 | 59,406,100,000 | 56,265,200,000 | 20,156,500,000 | 54,008,100,000 | 51,324,200,000 | 48,850,300,000 | 17,159,600,000 | 45,543,700,000 | 43,363,500,000 | 41,330,900,000 | 38,701,200,000 | 38,701,200,000 | 33,427,500,000 | 33,427,500,000 | 33,427,500,000 | 29,819,300,000 | 29,819,300,000 | 29,819,300,000 | 25,787,600,000 | 25,787,600,000 | ||||||||||||||||||||||||||||
intangible assets, net of accumulated amortization of 312.0, 299.4, and 314.0 | 185,500,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||
net deferred income taxes | 213,900,000 | 197,100,000 | 34,600,000 | 70,300,000 | 136,000,000 | 134,500,000 | 38,500,000 | 68,200,000 | 53,500,000 | 46,000,000 | 53,200,000 | 135,000,000 | 135,000,000 | 111,300,000 | 111,300,000 | 111,300,000 | 109,300,000 | 109,300,000 | 109,300,000 | 98,900,000 | 98,900,000 | 51,100,000 | 28,400,000 | 28,400,000 | |||||||||||||||||||||||||||
redeemable noncontrolling interest (nci)2 | 225,600,000 | 222,900,000 | 220,100,000 | 221,200,000 | 217,400,000 | 218,200,000 | 514,200,000 | 503,700,000 | 503,700,000 | 464,900,000 | 464,900,000 | 464,900,000 | |||||||||||||||||||||||||||||||||||||||
accumulated other comprehensive loss attributable to nci | 3,600,000 | 6,600,000 | 6,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||
intangible assets, net of accumulated amortization of 297.8, 283.6, and 314.0 | 199,700,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||
intangible assets, net of accumulated amortization of 328.5, 265.6, and 314.0 | 213,800,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||
dividend payable | 1,375,400,000 | 1,467,900,000 | |||||||||||||||||||||||||||||||||||||||||||||||||
debt | 4,407,100,000 | 4,404,900,000 | |||||||||||||||||||||||||||||||||||||||||||||||||
intangible assets, net of accumulated amortization of 299.4, 229.7, and 247.7 | 242,900,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||
intangible assets, net of accumulated amortization of 283.6, 211.7, and 247.7 | 258,700,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||
accumulated other comprehensive (income) loss attributable to nci | 2,000,000 | 2,000,000 | 4,300,000 | 4,300,000 | 4,300,000 | ||||||||||||||||||||||||||||||||||||||||||||||
intangible assets, net of accumulated amortization of 265.6, 193.7, and 247.7 | 276,700,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||
reinsurance recoverables, including 114.1, 76.4, and 103.3 on paid losses and loss adjustment expenses | 2,490,500,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||
intangible assets, net of accumulated amortization of 229.7, 157.7, and 175.7 | 312,600,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||
net unrealized gains on securities | 1,295,000,000 | 1,295,000,000 | 939,600,000 | 939,600,000 | 939,600,000 | 809,000,000 | 809,000,000 | 809,000,000 | 1,021,900,000 | 1,021,900,000 | |||||||||||||||||||||||||||||||||||||||||
reinsurance recoverables, including 117.6, 79.2, and 103.3 on paid losses and loss adjustment expenses | 2,410,700,000 | 2,273,400,000 | |||||||||||||||||||||||||||||||||||||||||||||||||
intangible assets, net of accumulated amortization of 211.7, 140.5, and 175.7 | 330,600,000 | 366,600,000 | |||||||||||||||||||||||||||||||||||||||||||||||||
reinsurance recoverables, including 102.1, 88.6, and 103.3 on paid losses and loss adjustment expenses | 2,239,100,000 | 2,273,400,000 | |||||||||||||||||||||||||||||||||||||||||||||||||
intangible assets, net of accumulated amortization of 193.7, 125.0, and 175.7 | 348,600,000 | 366,600,000 | |||||||||||||||||||||||||||||||||||||||||||||||||
investments - available-for-sale, at fair value: | |||||||||||||||||||||||||||||||||||||||||||||||||||
equity securities: | |||||||||||||||||||||||||||||||||||||||||||||||||||
cash | 211,500,000 | 211,500,000 | 211,500,000 | 224,100,000 | 224,400,000 | 224,400,000 | 108,400,000 | 108,400,000 | 96,700,000 | 75,100,000 | 75,100,000 | 192,200,000 | 165,500,000 | 156,000,000 | 149,700,000 | 158,900,000 | |||||||||||||||||||||||||||||||||||
restricted cash1 | 14,900,000 | 14,900,000 | 14,900,000 | ||||||||||||||||||||||||||||||||||||||||||||||||
reinsurance recoverables, including 76.4, 67.5, and 83.8 on paid losses and loss adjustment expenses | 1,884,800,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||
intangible assets, net of accumulated amortization of 157.7, 94.0, and 109.5 | 432,800,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||
dividends payable | 395,400,000 | 395,400,000 | 395,400,000 | 519,200,000 | 519,200,000 | 519,200,000 | 404,100,000 | 404,100,000 | 890,200,000 | 890,200,000 | |||||||||||||||||||||||||||||||||||||||||
debt2 | 3,148,200,000 | 3,148,200,000 | 3,148,200,000 | ||||||||||||||||||||||||||||||||||||||||||||||||
redeemable noncontrolling interest (nci)3 | 483,700,000 | 483,700,000 | 483,700,000 | ||||||||||||||||||||||||||||||||||||||||||||||||
reinsurance recoverables, including 79.2, 73.8, and 83.8 on paid losses and loss adjustment expenses | 1,884,800,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||
intangible assets, net of accumulated amortization of 140.5, 78.5, and 109.5 | 432,800,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||
reinsurance recoverables, including 88.6, 59.5, and 83.8 on paid losses and loss adjustment expenses | 1,884,800,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||
intangible assets, net of accumulated amortization of 125.0, 62.9, and 109.5 | 432,800,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||
shareholders' equity | |||||||||||||||||||||||||||||||||||||||||||||||||||
reinsurance recoverables, including 67.5, 46.1, and 46.1 on paid losses and loss adjustment expenses | 1,488,800,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||
intangible assets, net of accumulated amortization of 94.0, 31.8, and 47.4 | 494,900,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||
accumulated other comprehensive income, net of tax: | |||||||||||||||||||||||||||||||||||||||||||||||||||
accumulated other comprehensive (income) loss attributable to noncontrolling interest | 1,100,000 | 1,100,000 | 1,100,000 | ||||||||||||||||||||||||||||||||||||||||||||||||
reinsurance recoverables, including 73.8, 46.2, and 46.1 on paid losses and loss adjustment expenses | 1,488,800,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||
intangible assets, net of accumulated amortization of 78.5, 16.3, and 47.4 | 494,900,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||
reinsurance recoverables, including 59.5, 50.8, and 46.1 on paid losses and loss adjustment expenses | 1,488,800,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||
intangible assets, net of accumulated amortization of 62.9, 0.6, and 47.4 | 494,900,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||
net unrealized gains on forecasted transactions | -8,200,000 | 1,500,000 | 1,500,000 | 3,800,000 | 4,100,000 | 4,100,000 | 6,400,000 | 6,700,000 | 7,300,000 | 13,100,000 | 14,700,000 | ||||||||||||||||||||||||||||||||||||||||
reinsurance recoverables, including 46.1, 39.4, and 46.0 on paid losses and loss adjustment expenses | 1,231,900,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||
intangible assets, net of accumulated amortization of 31.8, 0.6, and 0.6 | 11,300,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||
reinsurance recoverables, including 46.2, 36.2, and 46.0 on paid losses and loss adjustment expenses | 1,231,900,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||
intangible assets, net of accumulated amortization of 16.3, 0.6, and 0.6 | 11,300,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||
reinsurance recoverables, including 34.5, 32.4, and 44.3 on paid losses and loss adjustment expenses | 1,111,500,000 | 1,090,200,000 | |||||||||||||||||||||||||||||||||||||||||||||||||
net non-credit related otti losses, adjusted for valuation changes | -600,000 | -2,300,000 | -2,400,000 | -4,900,000 | -1,800,000 | ||||||||||||||||||||||||||||||||||||||||||||||
other net unrealized gains on securities | 946,900,000 | 947,000,000 | 947,000,000 | 897,200,000 | 836,600,000 | 887,600,000 | 853,100,000 | 769,100,000 | |||||||||||||||||||||||||||||||||||||||||||
total net unrealized gains on securities | 946,900,000 | 947,000,000 | 947,000,000 | 896,600,000 | 834,300,000 | 885,200,000 | 848,200,000 | 767,300,000 | |||||||||||||||||||||||||||||||||||||||||||
reinsurance recoverables, including 39.4, 36.4, and 44.3 on paid losses and loss adjustment expenses | 1,090,200,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||
investments—available-for-sale, at fair value: | |||||||||||||||||||||||||||||||||||||||||||||||||||
reinsurance recoverables, including 32.5, 36.5, and 32.3 on paid losses and loss adjustment expenses | 880,500,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||
income taxes | 47,400,000 | 147,800,000 | 11,300,000 | 111,400,000 | 189,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||
reinsurance recoverables, including 30.4, 34.3, and 32.3 on paid losses and loss adjustment expenses | 844,700,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||
reinsurance recoverables, including 41.6, 34.9, and 32.3 on paid losses and loss adjustment expenses | 818,500,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||
reinsurance recoverables, including 34.3, 35.7, and 37.4 on paid losses and loss adjustment expenses | 775,700,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||
reinsurance recoverables, including 34.9, 40.4, and 37.4 on paid losses and loss adjustment expenses | 741,500,000 |
Cashflow Statements:
Quarterly
Annual
| Unit: USD | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-12-31 | 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 | 2,818,000,000 | 2,951,000,000 | 2,615,000,000 | 3,175,000,000 | 2,567,000,000 | 2,356,500,000 | 2,333,400,000 | 1,458,700,000 | 2,331,400,000 | 1,987,800,000 | 1,121,300,000 | 345,400,000 | 447,900,000 | 597,400,000 | 667,000,000 | -856,800,000 | 313,900,000 | 962,300,000 | 1,598,500,000 | -689,900,000 | 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 | 75,000,000 | 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 of fixed-income securities | -47,000,000 | -26,000,000 | -34,000,000 | -21,000,000 | -3,400,000 | -12,600,000 | -7,500,000 | -2,100,000 | -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 | ||||||||||
amortization of equity-based compensation | 16,000,000 | -87,000,000 | 42,000,000 | 32,000,000 | 16,000,000 | -81,800,000 | 37,300,000 | 31,700,000 | 16,800,000 | -83,400,000 | 42,900,000 | 27,900,000 | 15,900,000 | -22,800,000 | -400,000 | 9,100,000 | 17,300,000 | -65,600,000 | 41,800,000 | 11,100,000 | 15,800,000 | -13,800,000 | -5,200,000 | -1,400,000 | 23,300,000 | -15,700,000 | -27,400,000 | 26,400,000 | 19,600,000 | -50,900,000 | 15,800,000 | 20,300,000 | 17,200,000 |
net realized losses on securities | 120,000,000 | -295,000,000 | -387,000,000 | 212,000,000 | -287,400,000 | 126,300,000 | -155,600,000 | 149,000,000 | 216,400,000 | -461,800,000 | -585,300,000 | 553,600,000 | -32,800,000 | 48,200,000 | |||||||||||||||||||
net losses on disposition of property and equipment | 3,000,000 | 1,000,000 | -2,000,000 | 3,000,000 | -800,000 | 600,000 | -1,700,000 | 16,800,000 | 3,300,000 | 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 | -2,252,000,000 | -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 | 80,000,000 | 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 | -1,000,000 | 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 | -87,000,000 | -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 | 830,000,000 | 139,000,000 | 35,000,000 | -840,000,000 | 667,000,000 | 48,800,000 | -25,600,000 | -950,700,000 | 609,500,000 | 227,600,000 | 234,700,000 | -267,700,000 | 106,600,000 | 620,500,000 | -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 | 2,674,000,000 | 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 | 1,067,000,000 | 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 | -788,000,000 | -2,165,000,000 | 1,529,000,000 | 216,000,000 | 334,000,000 | -1,574,300,000 | 542,600,000 | 599,900,000 | 457,800,000 | -1,076,600,000 | 329,100,000 | 194,500,000 | 565,500,000 | -568,000,000 | 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 | -141,000,000 | 239,000,000 | -196,000,000 | 88,000,000 | -34,000,000 | 253,100,000 | 12,800,000 | -172,100,000 | -65,800,000 | 225,400,000 | -74,500,000 | -59,100,000 | -82,200,000 | 44,900,000 | 14,800,000 | -236,000,000 | 236,400,000 | -20,500,000 | 79,300,000 | 15,500,000 | -15,300,000 | 29,600,000 | 4,300,000 | -27,700,000 | 34,200,000 | -186,100,000 | 45,800,000 | 24,200,000 | |||||
net cash from operating activities | 4,367,000,000 | -4,535,000,000 | 5,195,000,000 | 4,040,000,000 | 5,143,000,000 | -8,592,700,000 | 4,610,500,000 | 3,265,800,000 | 4,235,400,000 | -7,969,800,000 | 3,419,500,000 | 2,337,000,000 | 2,449,500,000 | -5,531,000,000 | 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 |
capital expenditures | -63,000,000 | 0 | -66,000,000 | -102,000,000 | -59,000,000 | 0 | -56,700,000 | -67,900,000 | -50,200,000 | 0 | -36,300,000 | -90,400,000 | -43,200,000 | 0 | -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 | 4,304,000,000 | -4,535,000,000 | 5,129,000,000 | 3,938,000,000 | 5,084,000,000 | -8,592,700,000 | 4,553,800,000 | 3,197,900,000 | 4,185,200,000 | -7,969,800,000 | 3,383,200,000 | 2,246,600,000 | 2,406,300,000 | -5,531,000,000 | 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 | -19,291,000,000 | -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 | -57,000,000 | -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 | 7,919,000,000 | 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 | 243,000,000 | 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 | -63,000,000 | -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 | 14,000,000 | 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 | 2,637,000,000 | 4,622,000,000 | -5,047,000,000 | -4,040,000,000 | -2,341,000,000 | 8,604,600,000 | -4,420,800,000 | -3,262,500,000 | -3,124,300,000 | 8,182,100,000 | -3,352,100,000 | -2,867,000,000 | -2,277,200,000 | 5,446,700,000 | -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 | -7,972,000,000 | -59,000,000 | -58,000,000 | -59,000,000 | -2,695,000,000 | -58,900,000 | -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 | -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 | -43,000,000 | -37,000,000 | -1,000,000 | -54,000,000 | -82,800,000 | ||||||||||||||||||||||||||||
acquisition of treasury shares acquired in open market | -435,000,000 | -59,000,000 | -3,000,000 | 100,000 | -3,000,000 | -18,200,000 | -20,400,000 | -19,900,000 | -55,500,000 | -35,300,000 | -10,200,000 | -54,800,000 | -35,400,000 | ||||||||||||||||||||
net proceeds from debt issuances | 1,487,000,000 | 0 | 0 | 0 | 1,486,000,000 | 0 | 0 | 986,300,000 | |||||||||||||||||||||||||
net cash from financing activities | -6,963,000,000 | -118,000,000 | -98,000,000 | -72,000,000 | -2,749,000,000 | -59,300,000 | -144,400,000 | -69,500,000 | -1,042,800,000 | -129,800,000 | -108,500,000 | 420,900,000 | -104,600,000 | -78,900,000 | -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 | 41,000,000 | 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 | 138,000,000 | 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 – march 31 | 179,000,000 | 207,000,000 | 167,900,000 | 288,600,000 | 287,300,000 | ||||||||||||||||||||||||||||
allowance for credit losses, beginning of period | 552,000,000 | 28,000,000 | 13,000,000 | 460,000,000 | 200,000 | -41,400,000 | 369,100,000 | 3,000,000 | |||||||||||||||||||||||||
increase in allowance1 | 183,000,000 | 35,000,000 | 23,000,000 | 153,000,000 | 39,600,000 | 21,200,000 | 106,800,000 | 32,200,000 | |||||||||||||||||||||||||
write-offs2 | -207,000,000 | -48,000,000 | -8,000,000 | -140,000,000 | 20,300,000 | 20,400,000 | -148,200,000 | -17,900,000 | |||||||||||||||||||||||||
allowance for credit losses, end of period | 528,000,000 | 15,000,000 | 28,000,000 | 473,000,000 | 60,100,000 | 200,000 | 327,700,000 | 17,300,000 | |||||||||||||||||||||||||
undistributed income from subsidiaries | |||||||||||||||||||||||||||||||||
intercompany receivable | |||||||||||||||||||||||||||||||||
additional investments in equity securities of consolidated subsidiaries | |||||||||||||||||||||||||||||||||
received from (paid to) investment subsidiary | |||||||||||||||||||||||||||||||||
acquisition of treasury shares for restricted stock tax liabilities | -37,100,000 | -42,700,000 | -19,300,000 | -300,000 | -32,700,000 | -500,000 | -46,700,000 | -800,000 | -28,700,000 | -300,000 | -36,500,000 | -400,000 | -30,000,000 | -1,700,000 | |||||||||||||||||||
redemption of preferred shares | |||||||||||||||||||||||||||||||||
dividends paid to preferred shareholders | -200,000 | 0 | 0 | -7,800,000 | -10,400,000 | -10,300,000 | -9,500,000 | -13,400,000 | 0 | -13,400,000 | 0 | -13,400,000 | 0 | -13,400,000 | 0 | -13,400,000 | 0 | ||||||||||||||||
net proceeds from debt issuance | 0 | 589,500,000 | |||||||||||||||||||||||||||||||
change in cash | |||||||||||||||||||||||||||||||||
cash – beginning of year | |||||||||||||||||||||||||||||||||
cash – end of year | |||||||||||||||||||||||||||||||||
cash, cash equivalents, restricted cash, and restricted cash equivalents – september 30 | |||||||||||||||||||||||||||||||||
cash, cash equivalents, restricted cash, and restricted cash equivalents – june 30 | |||||||||||||||||||||||||||||||||
cash flows from operating activities: | |||||||||||||||||||||||||||||||||
cash flows from investing activities: | |||||||||||||||||||||||||||||||||
cash flows from financing activities: | |||||||||||||||||||||||||||||||||
cash - beginning of year | |||||||||||||||||||||||||||||||||
cash - end of year | |||||||||||||||||||||||||||||||||
redemption of serial preferred shares, series b | 0 | 0 | -500,000,000 | ||||||||||||||||||||||||||||||
acquisition of protective insurance corporation | |||||||||||||||||||||||||||||||||
payments of debt | 0 | ||||||||||||||||||||||||||||||||
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 | ||||||||||||||||||||||||||||||||
net amortization (accretion) of fixed-income securities | -5,000,000 | ||||||||||||||||||||||||||||||||
net realized (gains) losses on securities | -71,800,000 | 445,300,000 | |||||||||||||||||||||||||||||||
net (gains) losses on disposition of property and equipment | 16,500,000 | 3,300,000 | |||||||||||||||||||||||||||||||
(paid to) received from investment subsidiary | |||||||||||||||||||||||||||||||||
acquisition of additional shares of arx holding corp. | |||||||||||||||||||||||||||||||||
serial preferred shares, no par value | |||||||||||||||||||||||||||||||||
balance, beginning of period | 0 | 0 | 493,900,000 | 0 | 0 | 493,900,000 | 493,900,000 | 0 | 0 | 581,700,000 | |||||||||||||||||||||||
balance, end of period | 0 | 0 | 493,900,000 | 0 | 0 | 493,900,000 | 493,900,000 | 0 | 0 | 493,900,000 | |||||||||||||||||||||||
common shares, 1.00 par value | |||||||||||||||||||||||||||||||||
treasury shares purchased | -300,000 | 700,000 | -900,000 | ||||||||||||||||||||||||||||||
net restricted equity awards issued/vested | -700,000 | 900,000 | 500,000 | -800,000 | 1,000,000 | 1,200,000 | 1,300,000 | 100,000 | 1,400,000 | ||||||||||||||||||||||||
paid-in capital | |||||||||||||||||||||||||||||||||
reinvested dividends on restricted stock units | 0 | 0 | 400,000 | 0 | 100,000 | 300,000 | 300,000 | 0 | 300,000 | 500,000 | |||||||||||||||||||||||
retained earnings | |||||||||||||||||||||||||||||||||
cash dividends declared on common shares | 0 | 0 | -58,400,000 | ||||||||||||||||||||||||||||||
cash dividends declared on serial preferred shares, series b | |||||||||||||||||||||||||||||||||
accumulated other comprehensive income | |||||||||||||||||||||||||||||||||
other comprehensive income | -97,700,000 | 630,300,000 | -539,400,000 | -592,000,000 | 504,600,000 | 63,000,000 | 301,300,000 | ||||||||||||||||||||||||||
total shareholders’ equity | -876,500,000 | 839,100,000 | 17,836,500,000 | 1,416,600,000 | 2,319,100,000 | 14,351,500,000 | 12,110,700,000 | 858,000,000 | 677,600,000 | 10,323,200,000 | |||||||||||||||||||||||
nine months ended september 30, | |||||||||||||||||||||||||||||||||
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 | |||||||||||||||||||||||||||||||||
six months ended june 30, | |||||||||||||||||||||||||||||||||
acquisition of protective insurance corporation, net of cash, cash equivalents, and restricted cash acquired | |||||||||||||||||||||||||||||||||
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 | 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 | |||||||||||||||||||||||
adjustment to carrying amount of redeemable noncontrolling interest | 6,900,000 | 4,600,000 | |||||||||||||||||||||||||||||||
attributable to noncontrolling interest | -3,000,000 | 600,000 | 4,000,000 | ||||||||||||||||||||||||||||||
increase in cash, cash equivalents, and restricted cash | -8,600,000 | 46,700,000 | 143,000,000 | -65,800,000 | 83,700,000 | ||||||||||||||||||||||||||||
net income attributable to progressive | 1,480,000,000 | 4,173,800,000 | -259,600,000 | 1,097,700,000 | 692,700,000 | 3,128,600,000 | 1,078,400,000 | 264,700,000 | 928,400,000 | 704,200,000 | 718,000,000 | ||||||||||||||||||||||
accumulated other comprehensive income attributable to progressive | |||||||||||||||||||||||||||||||||
three months ended march 31, | 2,021,000,000 | 2,020,000,000 | 2,019,000,000 | 2,018,000,000 | |||||||||||||||||||||||||||||
cash, cash equivalents, and restricted cash – march 31 | 123,200,000 | 370,400,000 | 158,700,000 | ||||||||||||||||||||||||||||||
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 | |||||||||||||||||||||||||||||||||
issuance of serial preferred shares, series b | 0 | 0 | 493,900,000 | ||||||||||||||||||||||||||||||
cumulative effect of change in accounting principle | |||||||||||||||||||||||||||||||||
reclassification of disproportionate tax effects | |||||||||||||||||||||||||||||||||
net proceeds from issuance of serial preferred shares, series b | 0 | 0 | 493,900,000 | ||||||||||||||||||||||||||||||
net sales (purchases) of short-term investments | |||||||||||||||||||||||||||||||||
undistributed loss from subsidiaries | |||||||||||||||||||||||||||||||||
losses on extinguishment of debt | |||||||||||||||||||||||||||||||||
loan to arx holding corp.1 | |||||||||||||||||||||||||||||||||
tax benefit from vesting of equity-based compensation | |||||||||||||||||||||||||||||||||
cumulative effect of change in accounting principle1 | 0 | 0 | 1,300,200,000 | ||||||||||||||||||||||||||||||
reclassification of disproportionate tax effects1 | 0 | 0 | 4,300,000 | ||||||||||||||||||||||||||||||
other losses | |||||||||||||||||||||||||||||||||
acquisition of an insurance company, net of cash acquired | |||||||||||||||||||||||||||||||||
redemption/reacquisition of subordinated debt | |||||||||||||||||||||||||||||||||
effect of exchange rate changes on cash | |||||||||||||||||||||||||||||||||
collateral on derivative positions | |||||||||||||||||||||||||||||||||
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 |
