Progressive Corp
NYSE:PGR
Balance Sheet
Balance Sheet Decomposition
Progressive Corp
Progressive Corp
Balance Sheet
Progressive Corp
| Dec-2002 | Dec-2003 | Dec-2004 | Dec-2005 | Dec-2006 | Dec-2007 | Dec-2008 | Dec-2009 | Dec-2010 | Dec-2011 | Dec-2012 | Dec-2013 | Dec-2014 | Dec-2015 | Dec-2016 | Dec-2017 | Dec-2018 | Dec-2019 | Dec-2020 | Dec-2021 | Dec-2022 | Dec-2023 | Dec-2024 | Dec-2025 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||||||||||||||||||
| Cash & Cash Equivalents |
17
|
12
|
20
|
6
|
6
|
6
|
3
|
161
|
159
|
156
|
179
|
75
|
108
|
224
|
212
|
265
|
70
|
226
|
77
|
187
|
204
|
85
|
143
|
125
|
|
| Cash |
17
|
12
|
20
|
6
|
6
|
6
|
3
|
161
|
159
|
156
|
179
|
75
|
108
|
224
|
212
|
265
|
70
|
226
|
77
|
187
|
204
|
85
|
143
|
125
|
|
| Total Receivables |
0
|
0
|
0
|
138
|
17
|
106
|
822
|
417
|
189
|
196
|
109
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
| Insurance Receivable |
1 743
|
2 080
|
2 287
|
2 501
|
2 498
|
2 395
|
2 409
|
2 455
|
2 738
|
2 930
|
3 184
|
3 311
|
3 538
|
3 988
|
4 509
|
5 423
|
6 497
|
7 507
|
8 160
|
9 400
|
10 417
|
11 958
|
14 369
|
15 362
|
|
| Deferred Policy Acquisition Cost |
364
|
412
|
432
|
445
|
441
|
426
|
414
|
402
|
417
|
434
|
435
|
448
|
457
|
564
|
651
|
781
|
952
|
1 057
|
1 237
|
1 356
|
1 544
|
1 687
|
1 961
|
2 044
|
|
| Other Current Assets |
97
|
115
|
120
|
104
|
90
|
70
|
62
|
69
|
88
|
70
|
66
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
| Total Current Assets |
97
|
115
|
120
|
242
|
106
|
176
|
884
|
486
|
277
|
266
|
176
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
| PP&E Net |
503
|
585
|
667
|
759
|
973
|
1 000
|
997
|
961
|
933
|
911
|
934
|
961
|
961
|
1 037
|
1 177
|
1 120
|
1 132
|
1 402
|
1 272
|
1 310
|
1 165
|
1 053
|
983
|
982
|
|
| PP&E Gross |
503
|
585
|
667
|
759
|
973
|
1 000
|
997
|
961
|
933
|
911
|
934
|
0
|
0
|
1 037
|
1 177
|
1 120
|
1 132
|
1 402
|
1 272
|
1 310
|
1 165
|
1 053
|
983
|
982
|
|
| Accumulated Depreciation |
392
|
476
|
562
|
562
|
557
|
606
|
654
|
596
|
564
|
574
|
625
|
0
|
0
|
778
|
846
|
941
|
1 033
|
1 138
|
1 291
|
1 407
|
1 551
|
1 655
|
1 461
|
1 460
|
|
| Intangible Assets |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
11
|
495
|
433
|
367
|
295
|
228
|
171
|
117
|
86
|
0
|
0
|
0
|
|
| Goodwill |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
2
|
448
|
449
|
453
|
453
|
453
|
453
|
453
|
228
|
228
|
228
|
0
|
|
| Long-Term Investments |
10 284
|
12 532
|
13 082
|
14 275
|
14 689
|
14 165
|
12 978
|
14 713
|
15 523
|
15 963
|
16 476
|
18 055
|
19 018
|
20 937
|
23 483
|
27 275
|
33 567
|
39 254
|
47 530
|
51 514
|
53 548
|
65 999
|
80 250
|
97 373
|
|
| Other Long-Term Assets |
219
|
82
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
15
|
10
|
49
|
1
|
0
|
15
|
1 149
|
951
|
965
|
761
|
|
| Other Assets |
338
|
464
|
577
|
672
|
768
|
675
|
566
|
871
|
1 103
|
1 186
|
1 313
|
1 559
|
1 695
|
2 574
|
2 948
|
3 462
|
4 014
|
5 235
|
5 651
|
7 234
|
7 352
|
6 958
|
7 074
|
6 392
|
|
| Total Assets |
13 564
N/A
|
16 282
+20%
|
17 184
+6%
|
18 899
+10%
|
19 482
+3%
|
18 843
-3%
|
18 251
-3%
|
20 049
+10%
|
21 150
+5%
|
21 845
+3%
|
22 695
+4%
|
24 408
+8%
|
25 788
+6%
|
29 819
+16%
|
33 428
+12%
|
38 701
+16%
|
46 575
+20%
|
54 911
+18%
|
64 098
+17%
|
71 132
+11%
|
75 465
+6%
|
88 691
+18%
|
105 745
+19%
|
123 039
+16%
|
|
| Liabilities | |||||||||||||||||||||||||
| Insurance Policy Liabilities |
7 117
|
8 471
|
9 394
|
9 995
|
10 060
|
10 153
|
10 353
|
10 826
|
11 425
|
11 825
|
12 769
|
13 654
|
14 298
|
16 661
|
18 836
|
21 990
|
26 087
|
30 494
|
33 703
|
41 780
|
47 653
|
54 523
|
62 915
|
68 529
|
|
| Accounts Payable |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
1 894
|
2 068
|
2 496
|
2 826
|
5 047
|
4 416
|
4 777
|
5 830
|
5 396
|
6 825
|
10 150
|
9 113
|
|
| Accrued Liabilities |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
202
|
179
|
181
|
137
|
177
|
196
|
205
|
|
| Short-Term Debt |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
| Current Portion of Long-Term Debt |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
27
|
25
|
25
|
0
|
0
|
500
|
0
|
0
|
0
|
0
|
0
|
|
| Other Current Liabilities |
1 190
|
1 290
|
1 351
|
1 511
|
1 390
|
1 581
|
1 506
|
1 298
|
1 718
|
1 771
|
1 856
|
2 675
|
404
|
519
|
395
|
655
|
0
|
1 375
|
2 695
|
59
|
0
|
0
|
0
|
7 972
|
|
| Total Current Liabilities |
1 190
|
1 290
|
1 351
|
1 511
|
1 390
|
1 581
|
1 506
|
1 298
|
1 718
|
1 771
|
1 856
|
2 675
|
2 298
|
2 614
|
2 916
|
3 506
|
5 047
|
5 992
|
8 150
|
6 069
|
5 533
|
7 002
|
10 346
|
17 290
|
|
| Long-Term Debt |
1 489
|
1 490
|
1 284
|
1 285
|
1 186
|
2 174
|
2 176
|
2 177
|
1 958
|
2 442
|
2 063
|
1 861
|
2 165
|
2 681
|
3 123
|
3 281
|
4 405
|
4 407
|
4 896
|
4 899
|
6 388
|
6 889
|
6 893
|
6 897
|
|
| Deferred Income Tax |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
28
|
99
|
109
|
111
|
135
|
0
|
118
|
310
|
153
|
0
|
0
|
0
|
0
|
|
| Minority Interest |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
465
|
484
|
504
|
215
|
226
|
0
|
0
|
0
|
0
|
0
|
0
|
|
| Total Liabilities |
9 796
N/A
|
11 251
+15%
|
12 029
+7%
|
12 791
+6%
|
12 636
-1%
|
13 908
+10%
|
14 035
+1%
|
14 301
+2%
|
15 101
+6%
|
16 038
+6%
|
16 688
+4%
|
18 219
+9%
|
18 859
+4%
|
22 530
+19%
|
25 470
+13%
|
29 416
+15%
|
35 753
+22%
|
41 237
+15%
|
47 060
+14%
|
52 901
+12%
|
59 574
+13%
|
68 414
+15%
|
80 154
+17%
|
92 716
+16%
|
|
| Equity | |||||||||||||||||||||||||
| Common Stock |
218
|
216
|
200
|
197
|
748
|
680
|
677
|
673
|
662
|
613
|
605
|
596
|
588
|
584
|
580
|
582
|
1 077
|
1 079
|
1 079
|
1 078
|
1 079
|
1 079
|
586
|
586
|
|
| Retained Earnings |
2 796
|
3 730
|
3 813
|
4 726
|
4 647
|
2 928
|
2 698
|
3 683
|
3 596
|
3 495
|
3 454
|
3 500
|
4 133
|
4 687
|
5 140
|
6 032
|
8 387
|
10 680
|
13 355
|
15 340
|
15 721
|
18 801
|
24 283
|
27 327
|
|
| Additional Paid In Capital |
585
|
688
|
743
|
848
|
847
|
835
|
893
|
940
|
1 007
|
1 006
|
1 077
|
1 142
|
1 184
|
1 219
|
1 303
|
1 389
|
1 479
|
1 573
|
1 673
|
1 773
|
1 893
|
2 013
|
2 145
|
2 307
|
|
| Unrealized Security Profit/Loss |
162
|
418
|
435
|
390
|
597
|
465
|
77
|
446
|
769
|
688
|
863
|
947
|
1 022
|
809
|
940
|
1 295
|
106
|
361
|
947
|
56
|
2 786
|
1 601
|
1 408
|
117
|
|
| Other Equity |
7
|
22
|
36
|
54
|
8
|
28
|
25
|
7
|
15
|
4
|
8
|
5
|
1
|
9
|
6
|
13
|
15
|
19
|
16
|
16
|
16
|
15
|
15
|
14
|
|
| Total Equity |
3 768
N/A
|
5 031
+34%
|
5 155
+2%
|
6 108
+18%
|
6 847
+12%
|
4 936
-28%
|
4 215
-15%
|
5 749
+36%
|
6 049
+5%
|
5 807
-4%
|
6 007
+3%
|
6 190
+3%
|
6 929
+12%
|
7 289
+5%
|
7 957
+9%
|
9 285
+17%
|
10 822
+17%
|
13 673
+26%
|
17 039
+25%
|
18 232
+7%
|
15 891
-13%
|
20 277
+28%
|
25 591
+26%
|
30 323
+18%
|
|
| Total Liabilities & Equity |
13 564
N/A
|
16 282
+20%
|
17 184
+6%
|
18 899
+10%
|
19 482
+3%
|
18 843
-3%
|
18 251
-3%
|
20 049
+10%
|
21 150
+5%
|
21 845
+3%
|
22 695
+4%
|
24 408
+8%
|
25 788
+6%
|
29 819
+16%
|
33 428
+12%
|
38 701
+16%
|
46 575
+20%
|
54 911
+18%
|
64 098
+17%
|
71 132
+11%
|
75 465
+6%
|
88 691
+18%
|
105 745
+19%
|
123 039
+16%
|
|
| Shares Outstanding | |||||||||||||||||||||||||
| Common Shares Outstanding |
872
|
866
|
802
|
789
|
748
|
680
|
677
|
673
|
662
|
613
|
605
|
596
|
586
|
584
|
580
|
582
|
583
|
585
|
585
|
584
|
585
|
585
|
586
|
586
|
|