# PROGRESSIVE CORP/OH/ (PGR) FY2026 Q1 Balance Sheet

- Company: PROGRESSIVE CORP/OH/ (PGR)
- Period: As of 2026-03-31
- Filing: Q1 FY2026 10-Q, filed 2026-05-04, accession number 0000080661-26-000177
- Page: https://plicit.ai/financials/pgr/fy2026-q1-balance-sheet
- Chart image: https://plicit.ai/charts/pgr-fy2026-q1-balance-sheet-sankey.png

## Chart details

Balance sheet as of 2026-03-31. The chart shows assets, liabilities and equity at that date.

- **Assets**: 122,209,000,000 US dollars
- **Liabilities**: 90,170,000,000 US dollars
- **Equity**: 32,039,000,000 US dollars
- **Fixed maturities (amortized cost: $88,408, $77,754, and $82,704)**: 87,832,000,000 US dollars
- **Premiums receivable, net of allowance for credit losses of $528, $473, and $552**: 17,614,000,000 US dollars
- **Reinsurance recoverables**: 4,003,000,000 US dollars
- **Common equities (cost: $839, $774, and $819)**: 3,933,000,000 US dollars
- **Deferred acquisition costs**: 2,131,000,000 US dollars
- **Short-term investments (amortized cost: $2,126, $2,595, and $10,005)**: 2,126,000,000 US dollars
- **Other assets**: 1,734,000,000 US dollars
- **Property and equipment, net of accumulated depreciation of $1,416, $1,490, and $1,460**: 792,000,000 US dollars
- **Net federal deferred income taxes**: 742,000,000 US dollars
- **Accrued investment income**: 685,000,000 US dollars
- **Nonredeemable preferred stocks (cost: $259, $608, and $419)**: 240,000,000 US dollars
- **Prepaid reinsurance premiums**: 198,000,000 US dollars
- **Cash and cash equivalents**: 162,000,000 US dollars
- **Restricted cash and cash equivalents**: 17,000,000 US dollars
- **Loss and loss adjustment expense reserves**: 44,377,000,000 US dollars
- **Unearned premiums**: 27,893,000,000 US dollars
- **Accounts payable, accrued expenses, and other liabilities**: 9,456,000,000 US dollars
- **Debt**: 8,386,000,000 US dollars
- **Dividends payable on common shares**: 58,000,000 US dollars
- **Retained earnings**: 29,612,000,000 US dollars
- **Paid-in capital**: 2,314,000,000 US dollars
- **Common shares, $1.00 par value (authorized 900; issued 798, including treasury shares of 214, 212, and 212)**: 584,000,000 US dollars
- **Net unrealized gains (losses) on fixed-maturity securities**: negative 457,000,000 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)**: 32,510,000,000 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.