Progressive corp/oh/ (PGR)
Balance Sheet / TTM
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11Dec'10Sep'10Jun'10Mar'10Dec'09Sep'09Jun'09Mar'09Dec'08Sep'08Jun'08
Assets
Fixed maturities (amortized cost: $33,761.1, $27,574.5, and $32,643.1)

34,276

33,110

32,812

31,188

27,821

28,111

25,642

23,789

22,420

20,201

18,660

18,388

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Short-term investments (amortized cost: $2,524.2, $2,584.7, and $1,798.8)

2,524

1,798

1,467

1,360

2,584

1,795

2,809

3,231

3,052

2,869

4,311

3,729

3,040

3,572

5,876

5,166

3,826

2,172

2,132

1,669

2,267

2,149

2,671

3,118

1,872

1,272

1,146

1,558

2,321

1,990

2,394

1,679

1,520

1,551

1,699

1,343

1,128

1,090

1,815

1,648

1,389

1,078

1,227

1,137

1,293

1,153

733

513

Total available-for-sale securities

36,800

34,909

34,280

32,549

30,406

29,907

28,452

27,020

25,472

23,071

22,971

22,117

17,474

16,243

13,916

13,589

13,966

15,332

15,622

15,589

14,219

13,549

13,269

12,498

12,506

13,540

13,797

12,949

12,046

11,774

12,295

12,075

11,952

11,759

11,815

11,788

11,890

11,850

12,085

11,885

11,673

11,563

11,729

10,935

10,309

9,946

9,367

9,212

Nonredeemable preferred stocks (cost: $1,017.5, $1,021.1, and $971.3)

933

1,038

1,128

1,130

1,095

1,033

840

758

745

803

813

783

809

853

860

858

832

782

775

772

828

827

763

760

737

711

726

754

820

812

848

799

832

806

873

1,029

1,099

1,157

1,189

1,145

1,310

1,255

1,244

1,130

815

1,150

1,310

2,210

Common equities (cost: $1,113.2, $1,194.3, and $1,125.5)

2,608

3,306

3,165

3,135

3,010

2,626

3,057

3,142

3,033

3,399

3,209

3,077

2,978

2,812

2,868

2,765

2,705

2,650

2,483

2,546

2,515

2,492

2,379

2,381

2,278

2,530

2,326

2,224

2,111

1,899

1,639

2,055

2,096

1,845

1,599

1,867

1,658

1,425

1,285

1,150

1,191

816

466

408

350

727

1,322

2,039

Total investments

40,342

39,254

38,573

36,814

34,512

33,567

32,350

30,921

29,251

-

-

25,978

24,303

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total equity securities

3,541

4,345

4,293

4,265

4,105

3,660

3,898

3,900

3,779

4,203

4,023

3,860

3,787

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total investments

-

-

-

-

-

-

-

-

-

27,274

26,994

-

20,515

23,482

23,521

22,379

21,330

20,937

21,013

20,577

19,830

19,018

19,083

18,759

17,395

18,054

17,995

17,486

17,299

16,475

17,176

16,609

16,401

15,963

15,987

16,029

15,777

15,523

16,376

15,830

15,564

14,713

14,669

13,611

12,768

12,978

12,734

13,976

Cash and cash equivalents

369

226

45

91

158

69

121

154

190

265

224

161

214

211

143

134

203

224

194

263

101

108

90

126

96

75

100

96

110

179

192

165

156

155

170

149

155

158

155

153

155

160

172

160

134

2

6

9

Restricted cash

0

1

0

1

0

5

0

2

6

10

31

0

0

14

22

0

6

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Cash and cash equivalents

370

227

46

92

158

75

122

157

196

275

256

161

215

226

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accrued investment income

171

181

182

187

172

190

159

146

139

119

113

112

110

103

97

93

93

102

103

100

84

87

81

82

82

89

91

90

87

90

88

96

96

105

98

104

111

109

107

108

113

110

103

113

112

125

130

123

Premiums receivable, net of allowance for doubtful accounts of $344.7, $236.9, and $283.2

7,568

7,507

7,687

7,167

7,189

6,497

6,776

6,230

6,043

5,422

5,519

5,091

4,850

4,509

4,743

4,522

4,378

3,987

4,139

3,867

3,777

3,537

3,705

3,566

3,515

3,310

3,500

3,401

3,372

3,183

3,356

3,222

3,167

2,929

3,086

2,982

2,928

2,738

2,858

2,766

2,722

2,454

2,636

2,545

2,516

2,408

2,584

2,515

Reinsurance Recoverable for Paid and Unpaid Claims and Claims Adjustments

3,639

3,378

-

-

2,842

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Reinsurance Recoverables, Including Reinsurance Premium Paid

-

-

3,298

3,051

-

2,696

2,490

2,410

2,239

2,273

2,701

2,027

1,939

1,884

1,901

1,669

1,568

1,488

1,415

1,402

1,257

1,231

1,165

1,135

1,111

1,090

1,031

962

947

901

880

844

818

818

798

775

767

741

685

675

666

564

335

288

284

288

290

308

Prepaid reinsurance premiums

438

626

458

338

446

309

379

289

342

203

211

212

182

170

174

178

216

199

221

233

99

85

92

89

81

74

82

79

72

66

72

71

70

69

81

86

86

88

97

74

72

69

68

62

60

62

63

63

Deferred acquisition costs

1,095

1,056

1,093

1,047

999

951

962

895

842

780

782

727

679

651

675

645

600

564

590

568

484

457

488

479

466

447

474

468

452

434

461

452

441

433

458

451

437

417

450

443

428

402

433

436

427

414

448

446

Income taxes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

298

111

7

189

164

318

177

416

490

727

766

821

724

291

Property and equipment, net of accumulated depreciation of $1,191.6, $1,064.9, and $1,138.1

1,215

1,213

1,214

1,174

1,127

1,131

1,139

1,116

1,112

1,119

1,129

1,152

1,166

1,177

1,115

1,083

1,061

1,037

1,024

1,018

957

960

954

952

950

960

955

950

935

933

918

914

916

911

910

917

927

932

932

947

956

961

974

989

997

997

1,001

1,002

Goodwill

452

452

452

452

452

452

452

452

452

452

452

452

449

449

449

449

447

447

446

472

1

1

1

1

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Intangible assets, net of accumulated amortization of $328.5, $265.6, and $314.0

213

228

242

258

276

294

312

330

348

366

384

401

417

432

448

463

479

494

510

526

11

11

11

11

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred Income Tax Assets, Net

34

0

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net deferred income taxes

-

-

0

0

-

43

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

27

67

49

109

105

127

80

196

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other assets

722

768

757

738

671

365

396

412

362

412

386

372

497

339

328

337

334

335

275

274

276

288

251

249

614

304

247

237

216

321

235

216

200

261

254

198

326

251

197

178

191

195

163

151

146

151

654

178

Total assets

56,265

54,895

54,008

51,324

48,850

46,575

45,543

43,363

41,330

38,701

38,932

36,689

34,810

33,427

33,620

31,958

30,721

29,819

29,935

29,304

26,880

25,787

25,926

25,452

24,315

24,408

24,508

23,841

23,543

22,694

23,487

22,719

22,349

21,844

22,144

21,807

21,526

21,150

22,024

21,496

21,048

20,049

20,047

19,087

18,215

18,250

18,639

18,914

Liabilities
Unearned premiums

12,641

12,388

12,526

11,796

11,603

10,686

11,009

10,245

9,837

8,903

9,005

8,407

7,945

7,468

7,792

7,470

7,140

6,621

6,971

6,641

5,854

5,440

5,777

5,582

5,460

5,174

5,477

5,323

5,207

4,930

5,203

5,014

4,880

4,579

4,830

4,704

4,587

4,353

4,711

4,572

4,452

4,172

4,493

4,379

4,290

4,175

4,499

4,403

Loss and loss adjustment expense reserves

18,306

18,105

17,370

16,568

15,876

15,400

14,620

14,070

13,329

13,086

13,353

12,060

11,628

11,368

11,228

10,674

10,286

10,039

9,827

9,701

9,001

8,857

8,728

8,639

8,592

8,479

8,310

8,086

7,948

7,838

7,760

7,573

7,337

7,245

7,256

7,142

7,073

7,071

6,953

6,885

6,724

6,653

6,352

6,198

6,077

6,177

6,146

6,000

Deferred Income Tax Liabilities, Net

0

132

-

-

38

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net deferred income taxes

-

-

136

134

-

0

53

46

53

135

201

191

168

111

156

140

113

109

85

176

97

98

57

98

51

28

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Dividends payable

-

-

-

-

-

-

-

-

-

-

-

-

-

395

0

0

0

519

0

0

0

404

0

0

0

890

0

0

0

172

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accounts payable, accrued expenses, and other liabilities

5,346

5,962

5,222

4,867

4,594

5,046

3,924

3,922

3,414

3,481

3,272

3,153

2,939

2,495

2,722

2,706

2,451

2,067

2,431

2,252

2,165

1,893

2,263

2,134

1,911

1,785

1,917

1,844

1,934

1,683

1,906

1,781

1,801

1,770

1,797

1,652

1,586

1,718

1,689

1,556

1,482

1,297

1,528

1,407

1,368

1,506

1,558

1,530

Debt

5,394

4,407

4,406

4,406

4,405

4,404

3,859

3,859

3,859

3,306

3,312

3,383

3,111

3,148

3,153

2,664

2,701

2,707

2,714

2,739

2,560

2,164

2,164

2,208

1,861

1,860

2,010

2,063

2,063

2,063

2,062

2,062

2,080

2,442

2,443

1,959

1,958

1,958

1,957

2,178

2,177

2,177

2,176

2,176

2,175

2,175

2,175

2,174

Income taxes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

Total liabilities

41,688

40,996

39,661

37,773

36,518

35,538

33,467

32,144

30,493

28,912

29,145

27,196

25,793

24,986

25,053

23,655

22,694

22,065

22,030

21,511

19,678

18,859

18,990

18,663

17,876

18,218

17,716

17,317

17,153

16,687

16,932

16,432

16,099

16,038

16,328

15,458

15,205

15,101

15,311

15,192

14,837

14,300

14,551

14,162

13,911

14,035

14,379

14,108

Redeemable noncontrolling interest (NCI)

225

225

222

220

221

214

217

218

514

503

498

501

494

483

472

466

467

464

442

433

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Shareholders’ Equity
Serial Preferred Shares, Series B, no par value (cumulative, liquidation preference $1,000 per share) (authorized, issued, and outstanding 0.5)

493

493

493

493

493

493

493

493

493

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Common shares, $1.00 par value (authorized 900.0; issued 797.5, including treasury shares of 212.2, 213.5, and 212.9)

585

584

584

584

584

583

583

582

582

581

581

581

580

579

580

581

583

583

584

585

587

587

589

591

593

595

600

600

603

604

604

609

611

613

620

642

655

662

663

667

670

672

676

680

680

676

675

675

Paid-in capital

1,601

1,573

1,539

1,523

1,496

1,479

1,443

1,425

1,401

1,389

1,365

1,351

1,331

1,303

1,284

1,264

1,231

1,218

1,197

1,177

1,196

1,184

1,169

1,169

1,159

1,142

1,123

1,109

1,096

1,077

1,048

1,040

1,029

1,006

986

1,007

1,013

1,007

977

964

949

939

922

914

901

892

874

863

Retained earnings

11,266

10,679

10,995

10,276

9,358

8,386

9,602

8,720

8,017

6,031

6,116

5,908

5,543

5,140

5,183

5,031

4,877

4,686

4,910

4,694

4,368

4,133

4,203

3,989

3,735

3,500

4,198

4,000

3,720

3,454

3,996

3,794

3,715

3,495

3,632

3,835

3,839

3,595

4,273

4,097

3,942

3,683

3,561

3,353

2,925

2,697

2,540

3,224

Accumulated other comprehensive income (loss):
Net non-credit related OTTI losses, adjusted for valuation changes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

0

-0

-0

-0

-2

-2

-5

-6

-4

-2

-1

-3

-6

-14

-15

-13

-19

-

-

-

-

Other net unrealized gains (losses) on securities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

946

947

865

807

962

863

897

836

887

688

572

853

799

769

785

560

640

445

327

-26

-

-

-

-

Portion of OTTI losses recognized in other comprehensive income

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

0

Net unrealized gains (losses) on fixed-maturity securities

423

360

531

472

195

-105

-249

-210

-160

1,295

1,240

1,164

1,072

939

1,057

970

878

809

777

907

1,057

1,021

970

1,035

946

947

865

807

961

862

896

834

885

682

565

848

796

767

782

554

626

430

313

-46

-227

-76

143

15

Net unrealized losses on forecasted transactions

-16

-16

-16

-16

-17

-17

-17

-17

-17

-14

-15

-15

-7

-9

-9

-8

-8

-8

-7

-7

-7

1

1

2

3

4

4

5

5

6

6

6

7

7

8

13

13

14

15

20

20

21

23

23

24

24

25

26

Foreign currency translation adjustment

-

-

-

-

-

-

-

-

-

-

-0

-0

-0

-1

-0

-1

-1

-1

-1

-0

-0

-0

0

1

0

0

1

1

2

2

2

1

2

1

2

2

1

1

1

0

1

1

0

0

0

0

-

-

Accumulated other comprehensive (income) loss attributable to NCI

-3

-2

-3

-3

-0

1

3

6

6

2

1

2

3

4

-1

-2

-1

1

1

2

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total accumulated other comprehensive income (loss) attributable to Progressive

404

341

510

453

178

-120

-263

-221

-172

1,282

1,226

1,150

1,067

933

1,046

957

868

800

769

902

1,049

1,023

972

1,038

951

951

870

814

969

871

905

842

894

692

576

863

812

783

799

574

648

453

336

-22

-203

-51

-

-

Total shareholders’ equity

14,351

13,673

14,123

13,330

12,110

10,821

11,858

11,000

10,323

9,284

9,289

8,991

8,522

7,957

8,094

7,835

7,559

7,289

7,462

7,359

7,201

6,928

6,935

6,789

6,438

6,189

6,792

6,523

6,389

6,007

6,554

6,286

6,250

5,806

5,816

6,349

6,320

6,048

6,713

6,304

6,211

5,748

5,496

4,925

4,303

4,215

4,260

4,805

Total liabilities, redeemable NCI, and shareholders’ equity

56,265

54,895

54,008

51,324

48,850

46,575

45,543

43,363

41,330

38,701

38,932

36,689

34,810

33,427

33,620

31,958

30,721

29,819

29,935

29,304

26,880

25,787

25,926

25,452

24,315

24,408

24,508

23,841

23,543

22,694

23,487

22,719

22,349

21,844

22,144

21,807

21,526

21,150

22,024

21,496

21,048

20,049

20,047

19,087

18,215

18,250

18,639

18,914