PROGRESSIVE CORP/OH/ (PGR) FY2025 Annual Balance Sheet

PROGRESSIVE CORP/OH/ (PGR) FY2025 Annual Balance Sheet

Balance sheet as of 2025-12-31. The chart shows assets, liabilities and equity at that date.

Assets

123,039,000,000 US dollars

Liabilities

92,716,000,000 US dollars

Equity

30,323,000,000 US dollars

Fixed maturities (amortized cost: $82,704 and $77,126)

82,866,000,000 US dollars

Premiums receivable, net of allowance for credit losses of $552 and $460

15,362,000,000 US dollars

Short-term investments (amortized cost: $10,005 and $615)

10,005,000,000 US dollars

Common equities (cost: $819 and $745)

4,098,000,000 US dollars

Reinsurance recoverables

4,083,000,000 US dollars

Deferred acquisition costs

2,044,000,000 US dollars

Other assets

1,641,000,000 US dollars

Property and equipment, net of accumulated depreciation of $1,460 and $1,461

783,000,000 US dollars

Net federal deferred income taxes

748,000,000 US dollars

Accrued investment income

670,000,000 US dollars

Nonredeemable preferred stocks (cost: $419 and $756)

404,000,000 US dollars

Prepaid reinsurance premiums

197,000,000 US dollars

Cash and cash equivalents

125,000,000 US dollars

Restricted cash and cash equivalents

13,000,000 US dollars

Loss and loss adjustment expense reserves

43,310,000,000 US dollars

Unearned premiums

25,219,000,000 US dollars

Accounts payable, accrued expenses, and other liabilities

9,318,000,000 US dollars

Dividends payable on common shares

7,972,000,000 US dollars

Debt

6,897,000,000 US dollars

Retained earnings

27,327,000,000 US dollars

Paid-in capital

2,307,000,000 US dollars

Common shares, $1.00 par value (authorized 900; issued 798, including treasury shares of 212)

586,000,000 US dollars

Net unrealized gains (losses) on fixed-maturity securities

117,000,000 US dollars

Net unrealized losses on forecasted transactions

negative 13,000,000 US dollars

Foreign currency translation adjustment

negative 1,000,000 US dollars

Gross equity (calculated)

30,337,000,000 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.