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

- Company: PROGRESSIVE CORP/OH/ (PGR)
- Period: As of 2025-12-31
- Filing: FY2025 10-K, filed 2026-03-02, accession number 0000080661-26-000086
- Page: https://plicit.ai/financials/pgr/fy2025-annual-balance-sheet
- Chart image: https://plicit.ai/charts/pgr-fy2025-annual-balance-sheet-sankey.png

## Chart details

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.