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.
The Progressive Corporation reported solid January 2026 results, showing continued growth and profitability. Net premiums written were $6,735 million, up 4% from $6,481 million a year earlier, while net premiums earned rose 5% to $6,921 million.
Net income increased 4% to $1,163 million, with diluted earnings per common share of $1.98, compared with $1.90 in January 2025. The company maintained strong underwriting performance, posting a combined ratio of 84.4, slightly higher than 84.1 a year ago but still indicating healthy underwriting profitability.
Total policies in force reached 38,875 thousand at January 31, 2026, up 10% from 35,327 thousand, driven mainly by growth in Personal Lines auto and Direct channels. Progressive also reported shareholders’ equity of $31,191 million, book value per share of $53.24, and a trailing 12‑month return on average common shareholders’ equity of 35.1%.
The Progressive Corporation filed an 8-K describing two main updates. First, it furnished a news release with financial results for the month and year ended December 31, 2025, along with selected quarterly results, as an exhibit to this report.
The company also announced that Chief Financial Officer John P. Sauerland intends to retire on July 3, 2026. Andrew J. Quigg, currently Chief Strategy Officer, is expected to be appointed as CFO upon Mr. Sauerland’s retirement, indicating a planned internal leadership transition.
Progressive Corp Chief Strategy Officer Andrew J. Quigg reported selling 1,649 shares of common stock on January 21, 2026 at a price of $204.35 per share. After this transaction, he beneficially owned 39,626.185 Progressive shares in direct form. The sale was executed under a pre-arranged Rule 10b5-1 trading plan that Quigg adopted on January 30, 2025, which is designed to allow insiders to trade on a scheduled basis.
Progressive Corp. Chief Investment Officer Jonathan S. Bauer reported a sale of 3,105 shares of common stock on January 21, 2026 at $204.35 per share. After this transaction, he held 26,248.8 common shares directly and 122.557 common shares indirectly through a 401(k) plan.
The filing states that this sale was made under a Rule 10b5-1 trading plan adopted by Bauer on August 21, 2025, which is designed to meet the affirmative defense conditions of Rule 10b5-1(c).
Progressive Corp (PGR) executive David M. Stringer, Vice President, Secretary and Chief Legal Officer, reported equity transactions dated January 20, 2026. Restricted stock units covering 1,435.527 Common Shares vested and were converted into the same number of Common Shares at an exercise price of $0.
To cover tax obligations, 469 Common Shares were disposed of at a price of $201.32 per share under transaction code "F". After these transactions, Stringer beneficially owned 4,739.373 Common Shares directly, 81.961 Common Shares indirectly through a 401(k) plan, and 6,218.066 Restricted Stock Units directly.
Progressive Corp (PGR) VP and Chief Financial Officer John P. Sauerland reported routine equity compensation activity. On January 20, 2026, restricted stock units covering 6,776.345 Common Shares vested and were converted into the same number of Common Shares at an exercise price of $0 per share. To cover tax obligations on this vesting, 2,339 Common Shares were disposed of at a price of $201.32 per share. Following these transactions, Sauerland directly owned 227,461.773 Common Shares and indirectly held 14,451.434 Common Shares through a 401(k) Plan, as reported in the filing.
Progressive Corp. Chief Strategy Officer Andrew J. Quigg reported equity award activity involving restricted stock units and common shares. On January 20, 2026, restricted stock units covering 4,756.815 units were converted at $0 per unit into the same number of Progressive common shares, as the units vested on that date. On the same day, there was a disposition of 1,459 common shares at a price of $201.32 per share. After these transactions, Quigg directly held 41,275.185 Progressive common shares and 9,225.01 restricted stock units, each representing a contingent right to receive one common share.
Progressive Corp. Chief Marketing Officer Maribel Pumarejo reported routine equity compensation activity. On January 20, 2026, 1,111.684 restricted stock units vested and were converted into the same number of Common Shares at an exercise price of $0. To cover tax withholding obligations, 373 Common Shares were disposed of at $201.32 per share, leaving 738.684 Common Shares held directly after the transactions.
Following the vesting, Pumarejo also continued to hold 5,082.705 restricted stock units directly, each representing the right to receive one Common Share. In addition, 1,048.544 Common Shares were held indirectly through a 401(k) Plan. The filing reflects compensation-related vesting and associated tax share withholding rather than an open-market discretionary stock sale.
The Progressive Corporation CRM President Lori A. Niederst reported equity award activity and a related share sale. On January 20, 2026, 5,111.734 restricted stock units vested and were converted into an equal number of Progressive common shares at an exercise price of $0. To cover tax obligations on this vesting, 1,586 common shares were disposed of at a price of $201.32 per share.
After these transactions, Niederst directly owned 42,566.231 common shares of Progressive and held 9,669.326 restricted stock units representing additional contingent rights to receive common shares. She also was reported as having 209.399 common shares held indirectly through her husband's 401(k) plan.
Progressive Corp. Claims President John Jo Murphy reported equity award activity involving restricted stock units and common shares of Progressive Corp. (PGR). On January 20, 2026, 5,423.114 restricted stock units were converted into the same number of common shares at an exercise price of $0, reflecting the vesting of prior equity awards. That same day, a separate transaction coded F involved the disposition of 1,723 common shares at $201.32 per share.
After these transactions, Murphy directly beneficially owned 47,205.925 common shares and indirectly held 15,175.024 common shares through a 401(k) plan. Following the vesting, Murphy held 10,532.506 restricted stock units directly, each representing a contingent right to receive one common share.