# PROGRESSIVE CORP/OH/ (PGR) FY2024 Q3 Balance Sheet

- Company: PROGRESSIVE CORP/OH/ (PGR)
- Period: As of 2024-09-30
- Filing: Q3 FY2024 10-Q, filed 2024-11-04, accession number 0000080661-24-000045
- Page: https://plicit.ai/financials/pgr/fy2024-q3-balance-sheet
- Chart image: https://plicit.ai/charts/pgr-fy2024-q3-balance-sheet-sankey.png

## Chart details

Balance sheet as of 2024-09-30. The chart shows assets, liabilities and equity at that date.

- **Assets**: 105,202,500,000 US dollars
- **Liabilities**: 78,043,200,000 US dollars
- **Equity**: 27,159,300,000 US dollars
- **Fixed maturities (amortized cost: $74,595.2, $60,490.6, and $62,441.9)**: 74,411,200,000 US dollars
- **Premiums receivable, net of allowance for credit losses of $388.0, $361.2, and $369.1**: 15,135,400,000 US dollars
- **Reinsurance recoverables**: 4,881,500,000 US dollars
- **Common equities (cost: $733.5, $662.6, and $706.0)**: 3,497,000,000 US dollars
- **Deferred acquisition costs**: 2,031,600,000 US dollars
- **Other assets**: 1,536,200,000 US dollars
- **Short-term investments (amortized cost: $756.5, $1,795.2, and $1,789.9)**: 756,500,000 US dollars
- **Nonredeemable preferred stocks (cost: $759.7, $976.9, and $977.1)**: 735,000,000 US dollars
- **Property and equipment, net of accumulated depreciation of $1,589.7, $1,596.9, and $1,655.1**: 688,800,000 US dollars
- **Net federal deferred income taxes**: 598,000,000 US dollars
- **Accrued investment income**: 560,300,000 US dollars
- **Prepaid reinsurance premiums**: 224,000,000 US dollars
- **Cash and cash equivalents**: 136,100,000 US dollars
- **Restricted cash and cash equivalents**: 10,900,000 US dollars
- **Loss and loss adjustment expense reserves**: 38,061,500,000 US dollars
- **Unearned premiums**: 24,772,500,000 US dollars
- **Accounts payable, accrued expenses, and other liabilities**: 8,317,400,000 US dollars
- **Debt**: 6,891,800,000 US dollars
- **Retained earnings**: 24,631,700,000 US dollars
- **Paid-in capital**: 2,096,200,000 US dollars
- **Common shares, $1.00 par value (authorized 900.0; issued 797.6, including treasury shares of 211.8, 212.6, and 212.3)**: 585,800,000 US dollars
- **Serial Preferred Shares, Series B, no par value (cumulative, liquidation preference $1,000 per share) (authorized, issued, and outstanding of $0, $0.5, and $0.5)**: 0 US dollars
- **Net unrealized gains (losses) on fixed-maturity securities**: negative 139,700,000 US dollars
- **Net unrealized losses on forecasted transactions**: negative 13,700,000 US dollars
- **Foreign currency translation adjustment**: negative 1,000,000 US dollars
- **Gross equity (calculated)**: 27,313,700,000 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.