# PROGRESSIVE CORP/OH/ (PGR) FY2025 Q1 Balance Sheet

- Company: PROGRESSIVE CORP/OH/ (PGR)
- Period: As of 2025-03-31
- Filing: Q1 FY2025 10-Q, filed 2025-05-05, accession number 0000080661-25-000023
- Page: https://plicit.ai/financials/pgr/fy2025-q1-balance-sheet
- Chart image: https://plicit.ai/charts/pgr-fy2025-q1-balance-sheet-sankey.png

## Chart details

Balance sheet as of 2025-03-31. The chart shows assets, liabilities and equity at that date.

- **Assets**: 111,409,000,000 US dollars
- **Liabilities**: 82,455,000,000 US dollars
- **Equity**: 28,954,000,000 US dollars
- **Fixed maturities (amortized cost: $77,754, $65,949, and $77,126)**: 77,101,000,000 US dollars
- **Premiums receivable, net of allowance for credit losses of $473, $328, and $460**: 16,811,000,000 US dollars
- **Reinsurance recoverables**: 4,449,000,000 US dollars
- **Common equities (cost: $774, $708, and $745)**: 3,384,000,000 US dollars
- **Short-term investments (amortized cost: $2,595, $1,327, and $615)**: 2,595,000,000 US dollars
- **Deferred acquisition costs**: 2,068,000,000 US dollars
- **Other assets**: 1,606,000,000 US dollars
- **Net federal deferred income taxes**: 860,000,000 US dollars
- **Property and equipment, net of accumulated depreciation of $1,490, $1,580, and $1,461**: 854,000,000 US dollars
- **Nonredeemable preferred stocks (cost: $608, $931, and $756)**: 584,000,000 US dollars
- **Accrued investment income**: 584,000,000 US dollars
- **Prepaid reinsurance premiums**: 306,000,000 US dollars
- **Cash and cash equivalents**: 195,000,000 US dollars
- **Restricted cash and cash equivalents**: 12,000,000 US dollars
- **Loss and loss adjustment expense reserves**: 39,822,000,000 US dollars
- **Unearned premiums**: 26,612,000,000 US dollars
- **Accounts payable, accrued expenses, and other liabilities**: 9,127,000,000 US dollars
- **Debt**: 6,894,000,000 US dollars
- **Retained earnings**: 26,732,000,000 US dollars
- **Paid-in capital**: 2,160,000,000 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**: negative 509,000,000 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)**: 29,478,000,000 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.