The Progressive Corporation (PGR) quarterly balance sheet — complete assets, liabilities & equity history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Total Assets | 122.21B | 123.04B | 121.53B | 115.48B | 111.41B | 105.75B | 105.2B | 97.89B | 94.13B | 88.69B | 85.65B | 82.95B | 80.41B | 75.47B | 75.52B | 73.06B | 73.93B | 71.13B | 72.62B | 69.82B |
| Asset Growth % | 9.69% | 16.35% | 15.52% | 17.97% | 18.36% | 19.23% | 22.82% | 18.02% | 17.06% | 17.53% | 13.41% | 13.53% | 8.76% | 6.09% | 4% | 4.63% | 13.02% | 10.97% | 15.47% | 17.54% |
| Total Investment Assets | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K |
| Long-Term Investments | 91.87B | 77.66B | 94.51B | 77.96B | 83.66B | 80.25B | 79.4B | 0 | 0 | 66B | 0 | 0 | 0 | 53.55B | 0 | 0 | 0 | 51.51B | 0 | 0 |
| Short-Term Investments | 2.13B | 19.71B | 10.18B | 10.65B | 11.08B | 75.95B | 8.61B | 72.36B | 69.04B | 62.17B | 61.87B | 59.27B | 52.81B | 49.51B | 48.41B | 47.78B | 46.85B | 44.82B | 46.13B | 44.74B |
| Total Current Assets | 20.08B | 40.16B | 31.2B | 100.92B | 96.71B | 23.32B | 16.04B | 94.66B | 90.88B | 79.56B | 82.08B | 79.5B | 71.38B | 66.26B | 66.3B | 64B | 63.12B | 59.84B | 62.36B | 59.61B |
| Cash & Equivalents | 162M | 125M | 173M | 125M | 195M | 143M | 136.1M | 90.2M | 154.5M | 85M | 123.5M | 163.9M | 273.7M | 203.5M | 350.9M | 226.1M | 272.7M | 187.1M | 270.6M | 99.5M |
| Receivables | 17.61B | 20.11B | 20.63B | 20.6B | 21.26B | 19.13B | 20.02B | 19.99B | 19.66B | 17.05B | 18.12B | 18.14B | 18.03B | 16.25B | 17.17B | 15.52B | 15.54B | 14.38B | 15.29B | 14.15B |
| Other Current Assets | 182M | 13M | 0 | 69.28B | 63.87B | -72.25B | -12.95B | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Goodwill & Intangibles | 0 | 2.04B | 2.16B | 2.11B | 2.07B | 2.19B | 2.03B | 0 | 0 | 1.92B | 302.8M | 305.7M | 308.8M | 314.2M | 319.7M | 325.1M | 555.4M | 570M | 584.6M | 599.2M |
| Goodwill | 0 | 0 | 0 | 0 | 0 | 228M | 0 | 0 | 0 | 228M | 227.9M | 227.9M | 227.9M | 227.9M | 227.9M | 227.9M | 452.7M | 452.7M | 452.7M | 452.7M |
| Intangible Assets | 0 | 2.04B | 2.16B | 2.11B | 2.07B | 1.96B | 2.03B | 0 | 0 | 1.69B | 74.9M | 77.8M | 80.9M | 86.3M | 91.8M | 97.2M | 102.7M | 117.3M | 131.9M | 146.5M |
| PP&E (Net) | 792M | 783M | 790M | 820M | 854M | 790M | 688.8M | 713.5M | 756.3M | 881M | 919.8M | 989M | 949M | 1.03B | 1.07B | 1.12B | 1.1B | 1.14B | 1.16B | 1.09B |
| Other Assets | 1.73B | 1.64B | -7.13B | -80.07B | -85.73B | -804M | -80.83B | 1.51B | 1.46B | -60.59B | 994.5M | 949.6M | 6.71B | -46.82B | 6.56B | 6.65B | 8.78B | -41.93B | 8.51B | 8.53B |
| Total Liabilities | 90.17B | 92.72B | 86.09B | 82.88B | 82.45B | 80.15B | 78.04B | 74.55B | 72.32B | 68.41B | 68.26B | 66.23B | 63.54B | 59.57B | 60.75B | 57.4B | 56.88B | 52.9B | 54.06B | 51.15B |
| Total Debt | 8.39B | 6.9B | 6.9B | 6.89B | 6.89B | 6.89B | 6.89B | 6.89B | 6.89B | 6.89B | 6.89B | 6.89B | 6.39B | 6.39B | 6.39B | 6.39B | 6.39B | 4.9B | 4.9B | 5.4B |
| Net Debt | 8.22B | 6.77B | 6.72B | 6.77B | 6.7B | 6.75B | 6.76B | 6.8B | 6.74B | 6.8B | 6.76B | 6.72B | 6.12B | 6.18B | 6.04B | 6.16B | 6.11B | 4.71B | 4.63B | 5.3B |
| Long-Term Debt | 8.39B | 6.9B | 6.9B | 6.89B | 6.89B | 6.89B | 6.89B | 6.89B | 6.89B | 6.89B | 6.89B | 6.89B | 6.39B | 6.39B | 6.39B | 6.39B | 6.39B | 4.9B | 4.9B | 4.9B |
| Short-Term Debt | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 499.9M |
| Total Current Liabilities | 81.78B | 68.53B | 68.93B | 67.49B | 66.43B | 62.91B | 62.83B | 60.29B | 57.74B | 0 | 54.34B | 52.82B | 6.28B | 5.53B | 5.93B | 5.93B | 6.69B | 6.07B | 6.39B | 6.52B |
| Accounts Payable | 9.46B | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 6.28B | 5.53B | 5.93B | 5.93B | 6.69B | 6.07B | 6.39B | 6.02B |
| Deferred Revenue | 27.89B | 25.22B | 26.82B | 26.34B | 26.61B | 23.86B | 24.77B | 23.68B | 22.91B | 0 | 20.76B | 20.07B | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Current Liabilities | 44.44B | 43.31B | 42.1B | 41.15B | 39.82B | 39.06B | 38.06B | 36.61B | 34.83B | 0 | 33.58B | 32.75B | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Taxes | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 152.9M | 110.7M | 219.4M |
| Other Liabilities | 0 | 17.29B | 10.27B | 8.49B | 9.13B | 10.35B | 8.32B | 7.38B | 7.69B | 61.52B | 7.03B | 6.52B | 50.87B | 47.65B | 48.43B | 45.09B | 43.8B | 41.78B | 42.66B | 39.51B |
| Total Equity | 32.04B | 30.32B | 35.45B | 32.6B | 28.95B | 25.59B | 27.16B | 23.34B | 21.81B | 20.28B | 17.4B | 16.71B | 16.87B | 15.89B | 14.78B | 15.65B | 17.05B | 18.23B | 18.56B | 18.68B |
| Equity Growth % | 10.65% | 18.49% | 30.51% | 39.69% | 32.75% | 26.21% | 56.13% | 39.67% | 29.3% | 27.6% | 17.73% | 6.76% | -1.07% | -12.84% | -20.38% | -16.19% | -4.4% | 7% | 2.6% | 12.03% |
| Shareholders Equity | 32.04B | 30.32B | 35.45B | 32.6B | 28.95B | 25.59B | 27.16B | 23.34B | 21.81B | 20.28B | 17.4B | 16.71B | 16.87B | 15.89B | 14.78B | 15.65B | 17.05B | 18.23B | 18.56B | 18.68B |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Retained Earnings | 29.61B | 27.33B | 32.44B | 29.92B | 26.73B | 24.28B | 24.63B | 22.41B | 21.02B | 18.8B | 17.38B | 16.35B | 16.08B | 15.72B | 14.99B | 14.97B | 15.57B | 15.34B | 15.39B | 15.4B |
| Common Stock | 584M | 586M | 586M | 586M | 586M | 586M | 585.8M | 585.7M | 585.7M | 585M | 585M | 585.3M | 585.4M | 584.9M | 585.1M | 584.9M | 584.9M | 584.4M | 585M | 585.2M |
| Accumulated OCI | -471M | 103M | 189M | -95M | -524M | -1.42B | -154.4M | -1.72B | -1.82B | -1.62B | -3.04B | -2.65B | -2.2B | -2.8B | -3.13B | -2.21B | -1.39B | 40.7M | 353.3M | 483.2M |
| Return on Equity (ROE) | 9.04% | 8.97% | 7.69% | 10.32% | 9.41% | 8.93% | 9.24% | 6.46% | 11.08% | 10.55% | 6.58% | 2.06% | 2.73% | 5.39% | 0.82% | -3.32% | 1.78% | 5.23% | 0.64% | 4.33% |
| Return on Assets (ROA) | 2.3% | 2.41% | 2.21% | 2.8% | 2.36% | 2.23% | 2.3% | 1.52% | 2.55% | 2.28% | 1.33% | 0.42% | 0.57% | 1.09% | 0.17% | -0.74% | 0.43% | 1.34% | 0.17% | 1.17% |
| Equity / Assets | 26.22% | 24.65% | 29.16% | 28.23% | 25.99% | 24.2% | 25.82% | 23.84% | 23.17% | 22.86% | 20.31% | 20.15% | 20.98% | 21.06% | 19.56% | 21.43% | 23.06% | 25.63% | 25.56% | 26.75% |
| Debt / Equity | 0.26x | 0.23x | 0.19x | 0.21x | 0.24x | 0.27x | 0.25x | 0.30x | 0.32x | 0.34x | 0.40x | 0.41x | 0.38x | 0.40x | 0.43x | 0.41x | 0.37x | 0.27x | 0.26x | 0.29x |
| Book Value per Share | 54.59 | 51.55 | 60.26 | 55.47 | 49.27 | 43.55 | 46.22 | 39.74 | 37.14 | 34.51 | 29.61 | 28.47 | 28.74 | 27.07 | 25.17 | 26.69 | 29.08 | 31.18 | 31.61 | 31.83 |
| Tangible BV per Share | 54.59 | 48.08 | 56.58 | 51.88 | 45.75 | 39.82 | 42.76 | 39.74 | 37.14 | 31.25 | 29.09 | 27.95 | 28.21 | 26.53 | 24.62 | 26.13 | 28.14 | 30.21 | 30.61 | 30.81 |