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Progressive Balance Sheet Statement

Assets, liabilities, and shareholders' equity

Progressive holds $122.21B in total assets. Shareholders' equity is $32.0B against $8.4B in total debt. Cash and equivalents total $162.0M. Based on the Q1 2026 filing.

Total Assets$122.21BTotal Stockholders Equity$32.0BLong Term Debt$8.4BCash And Equivalents$162.0M
Latest FilingQ1 2026
Report Date2026-05-04
Market Cap$118.02B
P/E Ratio10.21
ROE37.9%

Equity

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Accumulated other comprehensive income (loss)-$1.4B-$524M-$95M$189M$103M-$471M
AOCI - Available-for-Sale Securities, Net of Tax-$1.4B-$509M-$81M$203M$117M-$457M
AOCI - Cash Flow Hedge Adjustment-$14M-$14M-$13M-$13M-$13M-$13M
Common stock$586M$586M$586M$586M$586M$584M
Additional paid-in capital$2.1B$2.2B$2.2B$2.2B$2.3B$2.3B
Retained earnings$24.3B$26.7B$29.9B$32.4B$27.3B$29.6B
Total liabilities and stockholders' equity$105.7B$111.4B$115.5B$121.5B$123B$122.2B
Total stockholders' equity$25.6B$29B$32.6B$35.4B$30.3B$32B

Other

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
AOCI - Cash Flow Hedge Reclassification (Next 12 Months)-$14M-$14M-$13M-$13M-$13M-$13M
Available for sale investments$75.9B$79.7B$84.4B$90B$92.9B$90B

Current Assets

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Cash and cash equivalents$143M$195M$125M$173M$125M$162M
Accrued investment income$594M$584M$636M$691M$670M$685M
Premiums receivable$14.4B$16.8B$16.4B$16.5B$15.4B$17.6B
Prepaid reinsurance premiums$349M$306M$263M$215M$197M$198M
Restricted cash$11M$12M$10M$12M$13M$17M

Current Liabilities

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Liability for Claims and Claims Adjustment Expense$39.1B$39.8B$41.2B$42.1B$43.3B$44.4B
Current portion of long-term debt$0$0$0$0$0—
Dividends payable$2.7B$59M——$8B$58M
Unearned premiums$23.9B$26.6B$26.3B$26.8B$25.2B$27.9B

Non-Current Assets

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Deferred policy acquisition costs$2B$2.1B$2.1B$2.2B$2B$2.1B
Equity securities$4.3B$4B$4.2B$4.5B$4.5B$4.2B
Reinsurance recoverables$4.8B$4.4B$4.2B$4.1B$4.1B$4B
Fixed maturities (amortized cost: $82,704 and $77,126)$75.3B$77.1B$82.3B$88.5B$82.9B$87.8B
Deferred tax assets$954M$860M$633M$662M$748M$742M
Net federal deferred income taxes$954M———$748M—
Common equities (cost: $819 and $745)$3.6B$3.4B$3.7B$4B$4.1B$3.9B
Nonredeemable preferred stocks (cost: $419 and $756)$728M$584M$500M$438M$404M$240M
Investments$80.3B$83.7B$88.6B$94.5B$97.4B$94.1B
Other Assets$1.6B$1.6B$1.7B$1.7B$1.6B$1.7B
Short-term investment securities (includes restricted investments of consolidated variable interest entities: 2026, $85; 2025, $84)$615M$2.6B$2.1B$1.5B$10B$2.1B
Property and equipment, net$790M$854M$820M$790M$783M$792M
Total assets$105.7B$111.4B$115.5B$121.5B$123B$122.2B

Non-Current Liabilities

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Long-term debt$6.9B$6.9B$6.9B$6.9B$6.9B$8.4B
Accounts payable, accrued expenses, and other liabilities (includes VIE balances of $159 and $183)$7.7B$9.1B$8.5B$10.3B$9.3B$9.5B
Total liabilities$80.2B$82.5B$82.9B$86.1B$92.7B$90.2B