The Progressive Corporation filings document formal disclosures for an Ohio-based insurance holding company with common shares listed on the New York Stock Exchange. Its 8-K reports regularly furnish monthly and year-to-date operating results for the company and its consolidated subsidiaries, including net premiums written, net premiums earned, net income, per-share results, combined ratio, realized securities gains or losses, and policies in force by line of business.
The filing record also includes capital-structure disclosures tied to senior notes and material agreements, proxy materials covering board governance, shareholder voting matters, executive compensation, and equity awards, and officer-transition disclosures under current-report requirements.
Bleser Philip reported acquisition or exercise transactions in this Form 4 filing.
Progressive Corp director Philip Bleser received a grant of 1,145 shares of common stock as part of his board compensation. The shares are restricted stock issued at no cash cost to him and will vest on April 9, 2027, under The Progressive Corporation Amended and Restated 2017 Directors Equity Incentive Plan.
For the 2026-2027 board term, Bleser chose to take 60% of his compensation in restricted stock and 40% in cash. After this award, he directly holds 1,145 common shares reported in this filing.
The Progressive Corporation delivered strong first-quarter 2026 results, combining profitable underwriting with investment income growth. Total revenues reached $22.2 billion, up from $20.4 billion a year earlier, and net income rose to $2.8 billion, or $4.80 diluted earnings per share.
The insurance operations were highly profitable, with a companywide underwriting margin of 13.6%, far above the 4% calendar-year goal. Personal Lines generated a 14.0% underwriting margin and Commercial Lines 11.0%, helped by lower catastrophe losses and favorable reserve development, particularly in personal auto.
Net premiums written grew to $23.6 billion, 6% above the prior year, and policies in force increased 9%. Progressive also returned substantial capital, including a $13.50 annual-variable dividend paid in January 2026 and a $0.10 quarterly dividend, while issuing $1.5 billion of new senior notes and repurchasing 2.3 million shares for $478 million.
Vanguard Capital Management reported beneficial ownership of 44,078,585 shares of Progressive Corp/The common stock, representing 7.53% of the class. The filing states Vanguard has sole dispositive power over 44,078,585 shares and sole voting power for 5,980,226 shares. The disclosure attributes holdings to Vanguard Capital Management and specified affiliates under SEC Release No. 34-39538.
Progressive Corporation director Devin C. Johnson reported an open-market sale of 980 shares of Progressive common stock on April 16, 2026, at a price of $203.10 per share. Following this transaction, Johnson directly owns 8,621 Progressive common shares.
The Progressive Corporation reported solid March and first-quarter 2026 growth with strong underwriting profitability. For March, net premiums written rose to $9.9 billion, up 10% year over year, while net income increased to $712 million, a 36% gain. Diluted earnings per share for the month were $1.21, up 37%, and the combined ratio improved to 88.8 from 90.9, showing better underwriting performance.
For the year-to-date period ended March 31, 2026, net premiums written reached $23.6 billion (up 6%), net premiums earned were $21.0 billion (up 8%), and net income was $2.8 billion, 10% higher than a year earlier. Year-to-date diluted earnings per share were $4.80, also up 10%, with a companywide combined ratio of 86.4. Despite strong earnings, March total comprehensive income was a $313 million loss, driven mainly by a $1.0 billion decline in net unrealized gains on fixed-maturity securities as interest-rate-sensitive investments moved lower. The company also repurchased about 768,000 shares in March at an average cost of $204.48, ending the month with book value per share of $54.82 and a trailing 12‑month return on equity of 35.0%.
WITALEC DANIEL J reported acquisition or exercise transactions in this Form 4 filing.
Progressive Corp (PGR) Chief Strategy Officer Daniel J. Witalec reported two awards of Restricted Stock Units (RSUs). On April 13, 2026, he received 1,481 RSUs, each representing one common share, bringing his RSU holdings to 5,969.026 units. A smaller 2.281-unit award on April 10, 2026 came from reinvested dividend equivalents and increased his RSU balance at that time to 4,488.026 units. The 1,481-unit grant will vest in three equal annual installments on January 16, 2029, January 15, 2030, and January 21, 2031, subject to earlier vesting or forfeiture under the plan.
Progressive Corp (PGR) director Barbara R. Snyder received a small phantom stock unit award linked to dividend reinvestment. On April 10, 2026, she acquired 11.3892 Phantom Stock Units, each corresponding on a 1-for-1 basis to one share of Progressive common stock and payable in cash under the company plan.
Following this grant, Snyder directly holds 22,409.4257 Phantom Stock Units. These units were acquired through the reinvestment of dividend equivalents and will be settled in cash at a time she has elected or as otherwise provided by the plan, rather than through delivery of actual shares.
Progressive Corporation director Lawton W. Fitt reported routine compensation-related changes in holdings. Fitt disposed of 1,986 Common Shares back to the issuer and, in a non-cash exchange, received an equal number of Phantom Stock Units under a deferred compensation plan.
Footnotes explain this reflects an election to defer previously granted restricted Common Shares, with a 1-for-1 conversion into units. Additional 74.1771 Phantom Stock Units were acquired through reinvested dividend equivalents. After these transactions, Fitt holds 145,950.9365 Phantom Stock Units and 9,389 Common Shares directly.
Progressive Corp director Roger N. Farah reported compensation-related equity adjustments, not open-market trading. He disposed of 1,301 Common Shares back to the issuer and simultaneously received 1,301 Phantom Stock Units on a 1-for-1 basis under a deferred compensation plan.
Farah also acquired 79.091 additional Phantom Stock Units through reinvestment of dividend equivalents. These units will be settled later, either in an equal number of Common Shares or in cash, at the time he elected or as otherwise provided under the plan. Following these awards, his direct phantom unit balance increased to 155,619.4537 units.