# PROGRESSIVE CORP/OH/ (PGR) FY2024 Annual Balance Sheet

- Company: PROGRESSIVE CORP/OH/ (PGR)
- Period: As of 2024-12-31
- Filing: FY2024 10-K, filed 2025-03-03, accession number 0000080661-25-000007
- Page: https://plicit.ai/financials/pgr/fy2024-annual-balance-sheet
- Chart image: https://plicit.ai/charts/pgr-fy2024-annual-balance-sheet-sankey.png

## Chart details

Balance sheet as of 2024-12-31. The chart shows assets, liabilities and equity at that date.

- **Assets**: 105,745,000,000 US dollars
- **Liabilities**: 80,154,000,000 US dollars
- **Equity**: 25,591,000,000 US dollars
- **Fixed maturities (amortized cost: $77,126 and $62,442)**: 75,332,000,000 US dollars
- **Premiums receivable, net of allowance for credit losses of $460 and $369**: 14,369,000,000 US dollars
- **Reinsurance recoverables**: 4,765,000,000 US dollars
- **Common equities (cost: $745 and $706)**: 3,575,000,000 US dollars
- **Deferred acquisition costs**: 1,961,000,000 US dollars
- **Other assets**: 1,559,000,000 US dollars
- **Net federal deferred income taxes**: 954,000,000 US dollars
- **Property and equipment, net of accumulated depreciation of $1,461 and $1,655**: 790,000,000 US dollars
- **Nonredeemable preferred stocks (cost: $756 and $977)**: 728,000,000 US dollars
- **Short-term investments (amortized cost: $615 and $1,790)**: 615,000,000 US dollars
- **Accrued investment income**: 594,000,000 US dollars
- **Prepaid reinsurance premiums**: 349,000,000 US dollars
- **Cash and cash equivalents**: 143,000,000 US dollars
- **Restricted cash and cash equivalents**: 11,000,000 US dollars
- **Loss and loss adjustment expense reserves**: 39,057,000,000 US dollars
- **Unearned premiums**: 23,858,000,000 US dollars
- **Accounts payable, accrued expenses, and other liabilities**: 10,346,000,000 US dollars
- **Debt**: 6,893,000,000 US dollars
- **Retained earnings**: 24,283,000,000 US dollars
- **Paid-in capital**: 2,145,000,000 US dollars
- **Common shares, $1.00 par value (authorized 900; issued 798, including treasury shares of 212 and 213)**: 586,000,000 US dollars
- **Serial Preferred Shares, Series B, no par value (cumulative, liquidation preference of $1,000 per share) (authorized, issued, and outstanding 0 and 0.5)**: 0 US dollars
- **Net unrealized gains (losses) on fixed-maturity securities**: negative 1,408,000,000 US dollars
- **Net unrealized losses on forecasted transactions**: negative 14,000,000 US dollars
- **Foreign currency translation adjustment**: negative 1,000,000 US dollars
- **Gross equity (calculated)**: 27,014,000,000 US dollars. Net equity plus the magnitudes of its negative contributions equals gross positive equity. The negative contributions enter this reconciliation as add-backs; their filed signs stay negative.

### Chart connections

- Assets equal liabilities plus consolidated equity. Consolidated equity includes noncontrolling interests when reported.
- Treasury shares and other negative equity contributions reduce equity.