Company Quick10K Filing
Progressive
Price77.03 EPS5
Shares587 P/E16
MCap45,240 P/FCF9
Net Debt5,067 EBIT3,969
TEV50,307 TEV/EBIT13
TTM 2019-09-30, in MM, except price, ratios
10-Q 2020-03-31 Filed 2020-05-05
10-K 2019-12-31 Filed 2020-03-02
10-Q 2019-09-30 Filed 2019-11-06
10-Q 2019-06-30 Filed 2019-08-07
10-Q 2019-03-31 Filed 2019-05-01
10-K 2018-12-31 Filed 2019-02-27
10-Q 2018-09-30 Filed 2018-10-31
10-Q 2018-06-30 Filed 2018-07-31
10-Q 2018-03-31 Filed 2018-05-02
10-K 2017-12-31 Filed 2018-02-27
10-Q 2017-09-30 Filed 2017-11-02
10-Q 2017-06-30 Filed 2017-08-02
10-Q 2017-03-31 Filed 2017-05-03
10-K 2016-12-31 Filed 2017-03-01
10-Q 2016-09-30 Filed 2016-11-03
10-Q 2016-06-30 Filed 2016-08-03
10-Q 2016-03-31 Filed 2016-05-05
10-K 2015-12-31 Filed 2016-02-29
10-Q 2015-09-30 Filed 2015-11-05
10-Q 2015-06-30 Filed 2015-08-05
10-Q 2015-03-31 Filed 2015-05-11
10-K 2014-12-31 Filed 2015-03-02
10-Q 2014-09-30 Filed 2014-10-29
10-Q 2014-06-30 Filed 2014-07-30
10-Q 2014-03-31 Filed 2014-05-12
10-K 2013-12-31 Filed 2014-02-26
10-Q 2013-09-30 Filed 2013-11-12
10-Q 2013-06-30 Filed 2013-08-06
10-Q 2013-03-31 Filed 2013-05-02
10-K 2012-12-31 Filed 2013-02-26
10-Q 2012-09-30 Filed 2012-11-01
10-Q 2012-06-30 Filed 2012-08-02
10-Q 2012-03-31 Filed 2012-05-07
10-K 2011-12-31 Filed 2012-02-28
10-Q 2011-09-30 Filed 2011-11-07
10-Q 2011-06-30 Filed 2011-08-09
10-Q 2011-03-31 Filed 2011-05-09
10-K 2010-12-31 Filed 2011-03-01
10-Q 2010-06-30 Filed 2010-08-05
10-Q 2010-03-31 Filed 2010-05-10
10-K 2009-12-31 Filed 2010-03-01
8-K 2020-07-15 Earnings, Exhibits
8-K 2020-06-17
8-K 2020-05-20
8-K 2020-05-08
8-K 2020-04-15
8-K 2020-04-08
8-K 2020-03-26
8-K 2020-03-17
8-K 2020-03-17
8-K 2020-02-19
8-K 2020-01-29
8-K 2019-12-11
8-K 2019-11-13
8-K 2019-10-16
8-K 2019-09-13
8-K 2019-08-14
8-K 2019-07-17
8-K 2019-06-12
8-K 2019-05-15
8-K 2019-04-16
8-K 2019-03-21
8-K 2019-03-13
8-K 2019-02-13
8-K 2019-01-23
8-K 2018-12-12
8-K 2018-11-14
8-K 2018-10-18
8-K 2018-10-16
8-K 2018-09-13
8-K 2018-08-20
8-K 2018-08-15
8-K 2018-07-17
8-K 2018-06-13
8-K 2018-05-16
8-K 2018-05-11
8-K 2018-04-17
8-K 2018-03-21
8-K 2018-03-14
8-K 2018-03-09
8-K 2018-02-14
8-K 2018-02-07
8-K 2018-01-24

PGR 10Q Quarterly Report

Part I - Financial Information
Item 1. Financial Statements.
Note 4 Debt - Debt At Each of The Balance Sheet Periods Consisted Of:
Note 6 Loss and Loss Adjustment Expense Reserves - Activity in The Loss and Loss Adjustment Expense Reserves Is Summarized As Follows:
Note 13 Goodwill and Intangible Assets
Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations.
Item 3. Quantitative and Qualitative Disclosures About Market Risk.
Item 4. Controls and Procedures.
Part II - Other Information
Item 1A. Risk Factors.
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds.
Item 5. Other Information.
Item 6. Exhibits.
EX-31.1 pgr-2020331exhibit311c.htm
EX-31.2 pgr-2020331exhibit312c.htm
EX-32.1 pgr-2020331exhibit321s.htm
EX-32.2 pgr-2020331exhibit322s.htm
EX-99 pgr-2020331exhibit99sh.htm

Progressive Earnings 2020-03-31

Balance SheetIncome StatementCash Flow
554433221102012201420172020
Assets, Equity
10.05.00.0-5.0-10.0-15.02012201420172020
Rev, G Profit, Net Income
1.91.10.3-0.6-1.4-2.22012201420172020
Ops, Inv, Fin

Document
false--12-31Q120200000080661PROGRESSIVE CORP/OH/0.01275745000003264310000033761100000258470000017988000002524200000119430000011255000001113200000102110000097130000010175000001130.940.991064900000113810000011916000000.8710.100.101.001.001.00900000000900000000.09000000007975000007975000007975000000.01750.00500.0420.040.066250.06250.03750.02450.041250.04350.037000026560000060000031400000060000032850000000us-gaap:AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrentus-gaap:OtherAssets26.87526.8751000100010000005000000.0500000.020000000500000.020000000500000.0200000000500000.0500000.00500000.0500000.0500000.0500000.0236900000283200000000000213500000212900000212200000 0000080661 2020-01-01 2020-03-31 0000080661 2020-03-31 0000080661 2019-01-01 2019-03-31 0000080661 2019-12-31 0000080661 2019-03-31 0000080661 us-gaap:SeriesBPreferredStockMember pgr:SerialPreferredStockMember 2019-03-31 0000080661 pgr:SerialPreferredStockMember 2019-12-31 0000080661 us-gaap:SeriesBPreferredStockMember pgr:SerialPreferredStockMember 2019-12-31 0000080661 pgr:SerialPreferredStockMember 2020-03-31 0000080661 us-gaap:SeriesBPreferredStockMember pgr:SerialPreferredStockMember 2020-03-31 0000080661 pgr:SerialPreferredStockMember 2019-03-31 0000080661 us-gaap:AdditionalPaidInCapitalMember 2020-01-01 2020-03-31 0000080661 us-gaap:RetainedEarningsMember 2019-03-31 0000080661 us-gaap:AdditionalPaidInCapitalMember 2020-03-31 0000080661 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2020-01-01 2020-03-31 0000080661 us-gaap:AdditionalPaidInCapitalMember 2019-01-01 2019-03-31 0000080661 us-gaap:AdditionalPaidInCapitalMember 2019-12-31 0000080661 us-gaap:CommonStockMember 2019-12-31 0000080661 us-gaap:RetainedEarningsMember 2019-12-31 0000080661 us-gaap:CommonStockMember 2020-01-01 2020-03-31 0000080661 us-gaap:AdditionalPaidInCapitalMember 2019-03-31 0000080661 us-gaap:RetainedEarningsMember 2019-01-01 2019-03-31 0000080661 us-gaap:RetainedEarningsMember 2020-01-01 2020-03-31 0000080661 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2018-12-31 0000080661 us-gaap:CommonStockMember 2018-12-31 0000080661 us-gaap:PreferredStockMember 2019-12-31 0000080661 us-gaap:RetainedEarningsMember 2018-12-31 0000080661 us-gaap:PreferredStockMember 2019-03-31 0000080661 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2019-12-31 0000080661 us-gaap:PreferredStockMember 2020-03-31 0000080661 us-gaap:AdditionalPaidInCapitalMember 2018-12-31 0000080661 us-gaap:PreferredStockMember 2018-12-31 0000080661 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2020-03-31 0000080661 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2019-01-01 2019-03-31 0000080661 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2019-03-31 0000080661 us-gaap:CommonStockMember 2019-01-01 2019-03-31 0000080661 us-gaap:RetainedEarningsMember 2020-03-31 0000080661 us-gaap:CommonStockMember 2019-03-31 0000080661 us-gaap:CommonStockMember 2020-03-31 0000080661 pgr:VotingPreferredStockMember 2020-03-31 0000080661 pgr:VotingPreferredStockMember 2019-03-31 0000080661 us-gaap:SeriesBPreferredStockMember pgr:SerialPreferredStockMember 2019-01-01 2019-03-31 0000080661 us-gaap:SeriesBPreferredStockMember pgr:SerialPreferredStockMember 2020-01-01 2020-03-31 0000080661 2018-12-31 0000080661 pgr:ARXHoldingCorp.Member 2020-03-31 0000080661 pgr:COVID19Member 2020-01-01 2020-03-31 0000080661 pgr:ARXHoldingCorp.Member 2019-03-31 0000080661 pgr:ARXHoldingCorp.Member 2019-12-31 0000080661 us-gaap:CorporateDebtSecuritiesMember us-gaap:FixedMaturitiesMember 2019-03-31 0000080661 us-gaap:ResidentialMortgageBackedSecuritiesMember us-gaap:FixedMaturitiesMember 2019-03-31 0000080661 us-gaap:CommercialMortgageBackedSecuritiesMember us-gaap:FixedMaturitiesMember 2019-03-31 0000080661 us-gaap:USStatesAndPoliticalSubdivisionsMember us-gaap:FixedMaturitiesMember 2019-03-31 0000080661 us-gaap:USGovernmentDebtSecuritiesMember us-gaap:FixedMaturitiesMember 2019-03-31 0000080661 us-gaap:NonredeemablePreferredStockMember 2019-03-31 0000080661 us-gaap:RedeemablePreferredStockMember us-gaap:FixedMaturitiesMember 2019-03-31 0000080661 us-gaap:ShortTermInvestmentsMember 2019-03-31 0000080661 us-gaap:AssetBackedSecuritiesSecuritizedLoansAndReceivablesMember us-gaap:FixedMaturitiesMember 2019-03-31 0000080661 us-gaap:CommonStockMember 2019-03-31 0000080661 us-gaap:FixedMaturitiesMember 2019-03-31 0000080661 us-gaap:USGovernmentDebtSecuritiesMember 2019-03-31 0000080661 us-gaap:USStatesAndPoliticalSubdivisionsMember 2019-03-31 0000080661 us-gaap:CorporateDebtSecuritiesMember 2019-03-31 0000080661 us-gaap:AssetBackedSecuritiesSecuritizedLoansAndReceivablesMember 2019-03-31 0000080661 us-gaap:RedeemablePreferredStockMember 2019-03-31 0000080661 us-gaap:ResidentialMortgageBackedSecuritiesMember 2019-03-31 0000080661 us-gaap:CommercialMortgageBackedSecuritiesMember 2019-03-31 0000080661 us-gaap:AssetBackedSecuritiesSecuritizedLoansAndReceivablesMember 2019-12-31 0000080661 us-gaap:RedeemablePreferredStockMember 2019-12-31 0000080661 us-gaap:ResidentialMortgageBackedSecuritiesMember 2019-12-31 0000080661 us-gaap:CommercialMortgageBackedSecuritiesMember 2019-12-31 0000080661 us-gaap:CorporateDebtSecuritiesMember 2019-12-31 0000080661 us-gaap:USGovernmentDebtSecuritiesMember 2019-12-31 0000080661 us-gaap:USStatesAndPoliticalSubdivisionsMember 2019-12-31 0000080661 us-gaap:FixedMaturitiesMember 2020-03-31 0000080661 us-gaap:CommercialMortgageBackedSecuritiesMember us-gaap:FixedMaturitiesMember 2020-03-31 0000080661 us-gaap:CorporateDebtSecuritiesMember us-gaap:FixedMaturitiesMember 2020-03-31 0000080661 us-gaap:AssetBackedSecuritiesSecuritizedLoansAndReceivablesMember us-gaap:FixedMaturitiesMember 2020-03-31 0000080661 us-gaap:NonredeemablePreferredStockMember 2020-03-31 0000080661 us-gaap:RedeemablePreferredStockMember us-gaap:FixedMaturitiesMember 2020-03-31 0000080661 us-gaap:ResidentialMortgageBackedSecuritiesMember us-gaap:FixedMaturitiesMember 2020-03-31 0000080661 us-gaap:CommonStockMember 2020-03-31 0000080661 us-gaap:ShortTermInvestmentsMember 2020-03-31 0000080661 us-gaap:USGovernmentDebtSecuritiesMember us-gaap:FixedMaturitiesMember 2020-03-31 0000080661 us-gaap:USStatesAndPoliticalSubdivisionsMember us-gaap:FixedMaturitiesMember 2020-03-31 0000080661 us-gaap:FixedMaturitiesMember 2020-03-31 0000080661 us-gaap:AssetBackedSecuritiesSecuritizedLoansAndReceivablesMember 2020-03-31 0000080661 us-gaap:ResidentialMortgageBackedSecuritiesMember 2020-03-31 0000080661 us-gaap:USGovernmentDebtSecuritiesMember 2020-03-31 0000080661 us-gaap:CommercialMortgageBackedSecuritiesMember 2020-03-31 0000080661 us-gaap:CorporateDebtSecuritiesMember 2020-03-31 0000080661 us-gaap:USStatesAndPoliticalSubdivisionsMember 2020-03-31 0000080661 us-gaap:RedeemablePreferredStockMember 2020-03-31 0000080661 us-gaap:FixedMaturitiesMember 2019-12-31 0000080661 us-gaap:CorporateDebtSecuritiesMember us-gaap:FixedMaturitiesMember 2019-12-31 0000080661 us-gaap:CommercialMortgageBackedSecuritiesMember us-gaap:FixedMaturitiesMember 2019-12-31 0000080661 us-gaap:AssetBackedSecuritiesSecuritizedLoansAndReceivablesMember us-gaap:FixedMaturitiesMember 2019-12-31 0000080661 us-gaap:RedeemablePreferredStockMember us-gaap:FixedMaturitiesMember 2019-12-31 0000080661 us-gaap:USGovernmentDebtSecuritiesMember us-gaap:FixedMaturitiesMember 2019-12-31 0000080661 us-gaap:ResidentialMortgageBackedSecuritiesMember us-gaap:FixedMaturitiesMember 2019-12-31 0000080661 us-gaap:USStatesAndPoliticalSubdivisionsMember us-gaap:FixedMaturitiesMember 2019-12-31 0000080661 us-gaap:ShortTermInvestmentsMember 2019-12-31 0000080661 us-gaap:CommonStockMember 2019-12-31 0000080661 us-gaap:NonredeemablePreferredStockMember 2019-12-31 0000080661 us-gaap:EquitySecuritiesMember 2019-01-01 2019-03-31 0000080661 us-gaap:CorporateDebtSecuritiesMember us-gaap:FixedMaturitiesMember 2019-01-01 2019-03-31 0000080661 us-gaap:AvailableforsaleSecuritiesMember 2019-01-01 2019-03-31 0000080661 us-gaap:NonredeemablePreferredStockMember us-gaap:EquitySecuritiesMember 2020-01-01 2020-03-31 0000080661 us-gaap:EquitySecuritiesMember 2020-01-01 2020-03-31 0000080661 us-gaap:ShortTermInvestmentsMember 2019-01-01 2019-03-31 0000080661 us-gaap:CommercialMortgageBackedSecuritiesMember us-gaap:FixedMaturitiesMember 2020-01-01 2020-03-31 0000080661 us-gaap:USGovernmentDebtSecuritiesMember us-gaap:FixedMaturitiesMember 2019-01-01 2019-03-31 0000080661 us-gaap:CommercialMortgageBackedSecuritiesMember us-gaap:FixedMaturitiesMember 2019-01-01 2019-03-31 0000080661 us-gaap:CorporateDebtSecuritiesMember us-gaap:FixedMaturitiesMember 2020-01-01 2020-03-31 0000080661 us-gaap:CommonStockMember us-gaap:EquitySecuritiesMember 2019-01-01 2019-03-31 0000080661 us-gaap:ResidentialMortgageBackedSecuritiesMember us-gaap:FixedMaturitiesMember 2020-01-01 2020-03-31 0000080661 us-gaap:NonredeemablePreferredStockMember us-gaap:EquitySecuritiesMember 2019-01-01 2019-03-31 0000080661 us-gaap:RedeemablePreferredStockMember us-gaap:FixedMaturitiesMember 2019-01-01 2019-03-31 0000080661 us-gaap:USGovernmentDebtSecuritiesMember us-gaap:FixedMaturitiesMember 2020-01-01 2020-03-31 0000080661 us-gaap:ResidentialMortgageBackedSecuritiesMember us-gaap:FixedMaturitiesMember 2019-01-01 2019-03-31 0000080661 us-gaap:USStatesAndPoliticalSubdivisionsMember us-gaap:FixedMaturitiesMember 2020-01-01 2020-03-31 0000080661 us-gaap:FixedMaturitiesMember 2020-01-01 2020-03-31 0000080661 us-gaap:RedeemablePreferredStockMember us-gaap:FixedMaturitiesMember 2020-01-01 2020-03-31 0000080661 us-gaap:FixedMaturitiesMember 2019-01-01 2019-03-31 0000080661 us-gaap:AssetBackedSecuritiesSecuritizedLoansAndReceivablesMember us-gaap:FixedMaturitiesMember 2020-01-01 2020-03-31 0000080661 us-gaap:AvailableforsaleSecuritiesMember 2020-01-01 2020-03-31 0000080661 us-gaap:AssetBackedSecuritiesSecuritizedLoansAndReceivablesMember us-gaap:FixedMaturitiesMember 2019-01-01 2019-03-31 0000080661 us-gaap:CommonStockMember us-gaap:EquitySecuritiesMember 2020-01-01 2020-03-31 0000080661 us-gaap:ShortTermInvestmentsMember 2020-01-01 2020-03-31 0000080661 us-gaap:USStatesAndPoliticalSubdivisionsMember us-gaap:FixedMaturitiesMember 2019-01-01 2019-03-31 0000080661 us-gaap:CommonStockMember 2020-01-01 2020-03-31 0000080661 us-gaap:AssetBackedSecuritiesSecuritizedLoansAndReceivablesMember 2019-01-01 2019-03-31 0000080661 us-gaap:USStatesAndPoliticalSubdivisionsMember 2020-01-01 2020-03-31 0000080661 us-gaap:ResidentialMortgageBackedSecuritiesMember 2020-01-01 2020-03-31 0000080661 us-gaap:CorporateDebtSecuritiesMember 2020-01-01 2020-03-31 0000080661 us-gaap:AssetBackedSecuritiesSecuritizedLoansAndReceivablesMember 2020-01-01 2020-03-31 0000080661 us-gaap:OtherAssetsMember 2020-01-01 2020-03-31 0000080661 us-gaap:NonredeemablePreferredStockMember 2020-01-01 2020-03-31 0000080661 us-gaap:CommercialMortgageBackedSecuritiesMember 2020-01-01 2020-03-31 0000080661 us-gaap:USGovernmentDebtSecuritiesMember 2019-01-01 2019-03-31 0000080661 us-gaap:USStatesAndPoliticalSubdivisionsMember 2019-01-01 2019-03-31 0000080661 us-gaap:ResidentialMortgageBackedSecuritiesMember 2019-01-01 2019-03-31 0000080661 us-gaap:CorporateDebtSecuritiesMember 2019-01-01 2019-03-31 0000080661 us-gaap:NonredeemablePreferredStockMember 2019-01-01 2019-03-31 0000080661 us-gaap:CommonStockMember 2019-01-01 2019-03-31 0000080661 us-gaap:USGovernmentDebtSecuritiesMember 2020-01-01 2020-03-31 0000080661 us-gaap:CommercialMortgageBackedSecuritiesMember 2019-01-01 2019-03-31 0000080661 us-gaap:OtherAssetsMember 2019-01-01 2019-03-31 0000080661 us-gaap:FairValueInputsLevel3Member pgr:TotalQuantitativeLevelThreeSecuritiesMember 2020-03-31 0000080661 us-gaap:BanksTrustAndInsuranceEquitiesMember us-gaap:FairValueInputsLevel3Member us-gaap:NonredeemablePreferredStockMember pgr:InternalPricingMember 2020-01-01 2020-03-31 0000080661 us-gaap:FairValueInputsLevel3Member 2020-03-31 0000080661 us-gaap:IndustrialMiscellaneousAndAllOthersMember us-gaap:FairValueInputsLevel3Member us-gaap:NonredeemablePreferredStockMember pgr:InternalPricingMember 2020-03-31 0000080661 us-gaap:BanksTrustAndInsuranceEquitiesMember us-gaap:FairValueInputsLevel3Member us-gaap:NonredeemablePreferredStockMember pgr:InternalPricingMember 2020-03-31 0000080661 us-gaap:IndustrialMiscellaneousAndAllOthersMember us-gaap:FairValueInputsLevel3Member us-gaap:NonredeemablePreferredStockMember pgr:InternalPricingMember 2020-01-01 2020-03-31 0000080661 us-gaap:FairValueInputsLevel3Member pgr:ThirdPartyPricingExemptionSecuritiesMember 2020-03-31 0000080661 us-gaap:FairValueInputsLevel3Member 2019-12-31 0000080661 us-gaap:IndustrialMiscellaneousAndAllOthersMember us-gaap:FairValueInputsLevel3Member us-gaap:NonredeemablePreferredStockMember pgr:ThirdPartyPricingFirmMember 2019-12-31 0000080661 us-gaap:FairValueInputsLevel3Member pgr:TotalQuantitativeLevelThreeSecuritiesMember 2019-12-31 0000080661 us-gaap:IndustrialMiscellaneousAndAllOthersMember us-gaap:FairValueInputsLevel3Member us-gaap:NonredeemablePreferredStockMember pgr:InternalPricingMember 2019-01-01 2019-12-31 0000080661 us-gaap:BanksTrustAndInsuranceEquitiesMember us-gaap:FairValueInputsLevel3Member us-gaap:NonredeemablePreferredStockMember pgr:ThirdPartyPricingFirmMember 2019-12-31 0000080661 us-gaap:BanksTrustAndInsuranceEquitiesMember us-gaap:FairValueInputsLevel3Member us-gaap:NonredeemablePreferredStockMember pgr:ThirdPartyPricingFirmMember 2019-01-01 2019-12-31 0000080661 us-gaap:FairValueInputsLevel3Member pgr:ThirdPartyPricingExemptionSecuritiesMember 2019-12-31 0000080661 us-gaap:IndustrialMiscellaneousAndAllOthersMember us-gaap:FairValueInputsLevel3Member us-gaap:NonredeemablePreferredStockMember pgr:ThirdPartyPricingFirmMember 2019-01-01 2019-12-31 0000080661 us-gaap:IndustrialMiscellaneousAndAllOthersMember us-gaap:FairValueInputsLevel3Member us-gaap:NonredeemablePreferredStockMember pgr:InternalPricingMember 2019-12-31 0000080661 us-gaap:RedeemablePreferredStockMember us-gaap:CarryingReportedAmountFairValueDisclosureMember us-gaap:FixedMaturitiesMember us-gaap:AvailableforsaleSecuritiesMember 2019-12-31 0000080661 us-gaap:DebtSecuritiesMember us-gaap:FairValueInputsLevel1Member us-gaap:USStatesAndPoliticalSubdivisionsMember us-gaap:FixedMaturitiesMember us-gaap:AvailableforsaleSecuritiesMember 2019-12-31 0000080661 pgr:OtherRiskInvestmentsMember us-gaap:CommonStockMember us-gaap:CarryingReportedAmountFairValueDisclosureMember us-gaap:EquitySecuritiesMember 2019-12-31 0000080661 us-gaap:AvailableforsaleSecuritiesMember 2019-12-31 0000080661 us-gaap:CarryingReportedAmountFairValueDisclosureMember us-gaap:ShortTermInvestmentsMember us-gaap:AvailableforsaleSecuritiesMember 2019-12-31 0000080661 us-gaap:FairValueInputsLevel2Member us-gaap:EquitySecuritiesMember 2019-12-31 0000080661 us-gaap:DebtSecuritiesMember us-gaap:FairValueInputsLevel2Member us-gaap:CorporateDebtSecuritiesMember us-gaap:FixedMaturitiesMember us-gaap:AvailableforsaleSecuritiesMember 2019-12-31 0000080661 us-gaap:BanksTrustAndInsuranceEquitiesMember us-gaap:RedeemablePreferredStockMember us-gaap:FixedMaturitiesMember us-gaap:AvailableforsaleSecuritiesMember 2019-12-31 0000080661 us-gaap:FairValueInputsLevel3Member us-gaap:ShortTermInvestmentsMember us-gaap:AvailableforsaleSecuritiesMember 2019-12-31 0000080661 us-gaap:AssetBackedSecuritiesMember us-gaap:AssetBackedSecuritiesSecuritizedLoansAndReceivablesMember us-gaap:FixedMaturitiesMember us-gaap:AvailableforsaleSecuritiesMember 2019-12-31 0000080661 us-gaap:DebtSecuritiesMember us-gaap:FairValueInputsLevel2Member us-gaap:USGovernmentDebtSecuritiesMember us-gaap:FixedMaturitiesMember us-gaap:AvailableforsaleSecuritiesMember 2019-12-31 0000080661 us-gaap:AssetBackedSecuritiesMember us-gaap:ResidentialMortgageBackedSecuritiesMember us-gaap:FixedMaturitiesMember us-gaap:AvailableforsaleSecuritiesMember 2019-12-31 0000080661 us-gaap:BanksTrustAndInsuranceEquitiesMember us-gaap:RedeemablePreferredStockMember us-gaap:FairValueInputsLevel1Member us-gaap:FixedMaturitiesMember us-gaap:AvailableforsaleSecuritiesMember 2019-12-31 0000080661 pgr:OtherRiskInvestmentsMember us-gaap:CommonStockMember us-gaap:FairValueInputsLevel1Member us-gaap:EquitySecuritiesMember 2019-12-31 0000080661 us-gaap:CarryingReportedAmountFairValueDisclosureMember 2019-12-31 0000080661 us-gaap:BanksTrustAndInsuranceEquitiesMember us-gaap:NonredeemablePreferredStockMember us-gaap:FairValueInputsLevel3Member us-gaap:EquitySecuritiesMember 2019-12-31 0000080661 us-gaap:AssetBackedSecuritiesMember us-gaap:CommercialMortgageBackedSecuritiesMember us-gaap:FixedMaturitiesMember us-gaap:AvailableforsaleSecuritiesMember 2019-12-31 0000080661 us-gaap:DebtSecuritiesMember us-gaap:FixedMaturitiesMember us-gaap:AvailableforsaleSecuritiesMember 2019-12-31 0000080661 us-gaap:NonredeemablePreferredStockMember us-gaap:EquitySecuritiesMember 2019-12-31 0000080661 us-gaap:CommonStockMember us-gaap:FairValueInputsLevel2Member us-gaap:EquitySecuritiesMember 2019-12-31 0000080661 us-gaap:BanksTrustAndInsuranceEquitiesMember us-gaap:RedeemablePreferredStockMember us-gaap:FairValueInputsLevel2Member us-gaap:FixedMaturitiesMember us-gaap:AvailableforsaleSecuritiesMember 2019-12-31 0000080661 us-gaap:DebtSecuritiesMember us-gaap:CarryingReportedAmountFairValueDisclosureMember us-gaap:FixedMaturitiesMember us-gaap:AvailableforsaleSecuritiesMember 2019-12-31 0000080661 pgr:OtherRiskInvestmentsMember us-gaap:CommonStockMember us-gaap:EquitySecuritiesMember 2019-12-31 0000080661 us-gaap:DebtSecuritiesMember us-gaap:FairValueInputsLevel2Member us-gaap:USStatesAndPoliticalSubdivisionsMember us-gaap:FixedMaturitiesMember us-gaap:AvailableforsaleSecuritiesMember 2019-12-31 0000080661 us-gaap:PublicUtilityEquitiesMember us-gaap:RedeemablePreferredStockMember us-gaap:CarryingReportedAmountFairValueDisclosureMember us-gaap:FixedMaturitiesMember us-gaap:AvailableforsaleSecuritiesMember 2019-12-31 0000080661 us-gaap:PublicUtilityEquitiesMember us-gaap:NonredeemablePreferredStockMember us-gaap:CarryingReportedAmountFairValueDisclosureMember us-gaap:EquitySecuritiesMember 2019-12-31 0000080661 us-gaap:IndustrialMiscellaneousAndAllOthersMember us-gaap:RedeemablePreferredStockMember us-gaap:FixedMaturitiesMember us-gaap:AvailableforsaleSecuritiesMember 2019-12-31 0000080661 us-gaap:CommonStockMember us-gaap:EquitySecuritiesMember 2019-12-31 0000080661 us-gaap:IndustrialMiscellaneousAndAllOthersMember us-gaap:RedeemablePreferredStockMember us-gaap:FairValueInputsLevel2Member us-gaap:FixedMaturitiesMember us-gaap:AvailableforsaleSecuritiesMember 2019-12-31 0000080661 us-gaap:DebtSecuritiesMember us-gaap:CarryingReportedAmountFairValueDisclosureMember us-gaap:CorporateDebtSecuritiesMember us-gaap:FixedMaturitiesMember us-gaap:AvailableforsaleSecuritiesMember 2019-12-31 0000080661 us-gaap:PublicUtilityEquitiesMember us-gaap:NonredeemablePreferredStockMember us-gaap:FairValueInputsLevel3Member us-gaap:EquitySecuritiesMember 2019-12-31 0000080661 us-gaap:PublicUtilityEquitiesMember us-gaap:NonredeemablePreferredStockMember us-gaap:EquitySecuritiesMember 2019-12-31 0000080661 us-gaap:IndustrialMiscellaneousAndAllOthersMember us-gaap:NonredeemablePreferredStockMember us-gaap:FairValueInputsLevel3Member us-gaap:EquitySecuritiesMember 2019-12-31 0000080661 us-gaap:CarryingReportedAmountFairValueDisclosureMember us-gaap:AvailableforsaleSecuritiesMember 2019-12-31 0000080661 us-gaap:AssetBackedSecuritiesMember us-gaap:FairValueInputsLevel1Member us-gaap:ResidentialMortgageBackedSecuritiesMember us-gaap:FixedMaturitiesMember us-gaap:AvailableforsaleSecuritiesMember 2019-12-31 0000080661 us-gaap:FairValueInputsLevel1Member us-gaap:AvailableforsaleSecuritiesMember 2019-12-31 0000080661 us-gaap:CommonStockMember us-gaap:FairValueInputsLevel1Member us-gaap:EquitySecuritiesMember 2019-12-31 0000080661 us-gaap:PublicUtilityEquitiesMember us-gaap:RedeemablePreferredStockMember us-gaap:FixedMaturitiesMember us-gaap:AvailableforsaleSecuritiesMember 2019-12-31 0000080661 us-gaap:PublicUtilityEquitiesMember us-gaap:NonredeemablePreferredStockMember us-gaap:FairValueInputsLevel2Member us-gaap:EquitySecuritiesMember 2019-12-31 0000080661 us-gaap:PublicUtilityEquitiesMember us-gaap:RedeemablePreferredStockMember us-gaap:FairValueInputsLevel1Member us-gaap:FixedMaturitiesMember us-gaap:AvailableforsaleSecuritiesMember 2019-12-31 0000080661 us-gaap:DebtSecuritiesMember us-gaap:CorporateDebtSecuritiesMember us-gaap:FixedMaturitiesMember us-gaap:AvailableforsaleSecuritiesMember 2019-12-31 0000080661 us-gaap:AssetBackedSecuritiesMember us-gaap:CarryingReportedAmountFairValueDisclosureMember us-gaap:AssetBackedSecuritiesSecuritizedLoansAndReceivablesMember us-gaap:FixedMaturitiesMember us-gaap:AvailableforsaleSecuritiesMember 2019-12-31 0000080661 us-gaap:NonredeemablePreferredStockMember us-gaap:FairValueInputsLevel1Member us-gaap:EquitySecuritiesMember 2019-12-31 0000080661 us-gaap:AssetBackedSecuritiesMember us-gaap:FairValueInputsLevel2Member us-gaap:CommercialMortgageBackedSecuritiesMember us-gaap:FixedMaturitiesMember us-gaap:AvailableforsaleSecuritiesMember 2019-12-31 0000080661 us-gaap:CommonStocksByIndustryMember us-gaap:CommonStockMember us-gaap:CarryingReportedAmountFairValueDisclosureMember us-gaap:EquitySecuritiesMember 2019-12-31 0000080661 us-gaap:RedeemablePreferredStockMember us-gaap:FairValueInputsLevel3Member us-gaap:FixedMaturitiesMember us-gaap:AvailableforsaleSecuritiesMember 2019-12-31 0000080661 us-gaap:AssetBackedSecuritiesMember us-gaap:FixedMaturitiesMember us-gaap:AvailableforsaleSecuritiesMember 2019-12-31 0000080661 us-gaap:FairValueInputsLevel2Member us-gaap:ShortTermInvestmentsMember us-gaap:AvailableforsaleSecuritiesMember 2019-12-31 0000080661 us-gaap:IndustrialMiscellaneousAndAllOthersMember us-gaap:NonredeemablePreferredStockMember us-gaap:FairValueInputsLevel1Member us-gaap:EquitySecuritiesMember 2019-12-31 0000080661 us-gaap:FairValueInputsLevel1Member us-gaap:EquitySecuritiesMember 2019-12-31 0000080661 us-gaap:AssetBackedSecuritiesMember us-gaap:FairValueInputsLevel3Member us-gaap:AssetBackedSecuritiesSecuritizedLoansAndReceivablesMember us-gaap:FixedMaturitiesMember us-gaap:AvailableforsaleSecuritiesMember 2019-12-31 0000080661 us-gaap:DebtSecuritiesMember us-gaap:USStatesAndPoliticalSubdivisionsMember us-gaap:FixedMaturitiesMember us-gaap:AvailableforsaleSecuritiesMember 2019-12-31 0000080661 us-gaap:NonredeemablePreferredStockMember us-gaap:FairValueInputsLevel2Member us-gaap:EquitySecuritiesMember 2019-12-31 0000080661 us-gaap:PublicUtilityEquitiesMember us-gaap:RedeemablePreferredStockMember us-gaap:FairValueInputsLevel2Member us-gaap:FixedMaturitiesMember us-gaap:AvailableforsaleSecuritiesMember 2019-12-31 0000080661 us-gaap:DebtSecuritiesMember us-gaap:FairValueInputsLevel2Member us-gaap:FixedMaturitiesMember us-gaap:AvailableforsaleSecuritiesMember 2019-12-31 0000080661 us-gaap:PublicUtilityEquitiesMember us-gaap:RedeemablePreferredStockMember us-gaap:FairValueInputsLevel3Member us-gaap:FixedMaturitiesMember us-gaap:AvailableforsaleSecuritiesMember 2019-12-31 0000080661 us-gaap:DebtSecuritiesMember us-gaap:FairValueInputsLevel1Member us-gaap:USGovernmentDebtSecuritiesMember us-gaap:FixedMaturitiesMember us-gaap:AvailableforsaleSecuritiesMember 2019-12-31 0000080661 us-gaap:RedeemablePreferredStockMember us-gaap:FairValueInputsLevel2Member us-gaap:FixedMaturitiesMember us-gaap:AvailableforsaleSecuritiesMember 2019-12-31 0000080661 us-gaap:BanksTrustAndInsuranceEquitiesMember us-gaap:RedeemablePreferredStockMember us-gaap:FairValueInputsLevel3Member us-gaap:FixedMaturitiesMember us-gaap:AvailableforsaleSecuritiesMember 2019-12-31 0000080661 us-gaap:FixedMaturitiesMember us-gaap:AvailableforsaleSecuritiesMember 2019-12-31 0000080661 us-gaap:FairValueInputsLevel2Member us-gaap:FixedMaturitiesMember us-gaap:AvailableforsaleSecuritiesMember 2019-12-31 0000080661 us-gaap:NonredeemablePreferredStockMember us-gaap:CarryingReportedAmountFairValueDisclosureMember us-gaap:EquitySecuritiesMember 2019-12-31 0000080661 us-gaap:DebtSecuritiesMember us-gaap:FairValueInputsLevel3Member us-gaap:FixedMaturitiesMember us-gaap:AvailableforsaleSecuritiesMember 2019-12-31 0000080661 us-gaap:FairValueInputsLevel2Member us-gaap:AvailableforsaleSecuritiesMember 2019-12-31 0000080661 us-gaap:FairValueInputsLevel2Member 2019-12-31 0000080661 us-gaap:CommonStockMember us-gaap:CarryingReportedAmountFairValueDisclosureMember us-gaap:EquitySecuritiesMember 2019-12-31 0000080661 us-gaap:BanksTrustAndInsuranceEquitiesMember us-gaap:NonredeemablePreferredStockMember us-gaap:EquitySecuritiesMember 2019-12-31 0000080661 us-gaap:RedeemablePreferredStockMember us-gaap:FairValueInputsLevel1Member us-gaap:FixedMaturitiesMember us-gaap:AvailableforsaleSecuritiesMember 2019-12-31 0000080661 us-gaap:BanksTrustAndInsuranceEquitiesMember us-gaap:RedeemablePreferredStockMember us-gaap:CarryingReportedAmountFairValueDisclosureMember us-gaap:FixedMaturitiesMember us-gaap:AvailableforsaleSecuritiesMember 2019-12-31 0000080661 us-gaap:CarryingReportedAmountFairValueDisclosureMember us-gaap:EquitySecuritiesMember 2019-12-31 0000080661 us-gaap:DebtSecuritiesMember us-gaap:FairValueInputsLevel3Member us-gaap:USStatesAndPoliticalSubdivisionsMember us-gaap:FixedMaturitiesMember us-gaap:AvailableforsaleSecuritiesMember 2019-12-31 0000080661 us-gaap:IndustrialMiscellaneousAndAllOthersMember us-gaap:NonredeemablePreferredStockMember us-gaap:CarryingReportedAmountFairValueDisclosureMember us-gaap:EquitySecuritiesMember 2019-12-31 0000080661 us-gaap:DebtSecuritiesMember us-gaap:CarryingReportedAmountFairValueDisclosureMember us-gaap:USStatesAndPoliticalSubdivisionsMember us-gaap:FixedMaturitiesMember us-gaap:AvailableforsaleSecuritiesMember 2019-12-31 0000080661 us-gaap:AssetBackedSecuritiesMember us-gaap:FairValueInputsLevel1Member us-gaap:AssetBackedSecuritiesSecuritizedLoansAndReceivablesMember us-gaap:FixedMaturitiesMember us-gaap:AvailableforsaleSecuritiesMember 2019-12-31 0000080661 us-gaap:AssetBackedSecuritiesMember us-gaap:CarryingReportedAmountFairValueDisclosureMember us-gaap:ResidentialMortgageBackedSecuritiesMember us-gaap:FixedMaturitiesMember us-gaap:AvailableforsaleSecuritiesMember 2019-12-31 0000080661 us-gaap:BanksTrustAndInsuranceEquitiesMember us-gaap:NonredeemablePreferredStockMember us-gaap:FairValueInputsLevel1Member us-gaap:EquitySecuritiesMember 2019-12-31 0000080661 us-gaap:FairValueInputsLevel3Member us-gaap:EquitySecuritiesMember 2019-12-31 0000080661 us-gaap:DebtSecuritiesMember us-gaap:CarryingReportedAmountFairValueDisclosureMember us-gaap:USGovernmentDebtSecuritiesMember us-gaap:FixedMaturitiesMember us-gaap:AvailableforsaleSecuritiesMember 2019-12-31 0000080661 us-gaap:AssetBackedSecuritiesMember us-gaap:FairValueInputsLevel1Member us-gaap:FixedMaturitiesMember us-gaap:AvailableforsaleSecuritiesMember 2019-12-31 0000080661 us-gaap:AssetBackedSecuritiesMember us-gaap:FairValueInputsLevel3Member us-gaap:FixedMaturitiesMember us-gaap:AvailableforsaleSecuritiesMember 2019-12-31 0000080661 us-gaap:FairValueInputsLevel1Member 2019-12-31 0000080661 us-gaap:AssetBackedSecuritiesMember us-gaap:FairValueInputsLevel1Member us-gaap:CommercialMortgageBackedSecuritiesMember us-gaap:FixedMaturitiesMember us-gaap:AvailableforsaleSecuritiesMember 2019-12-31 0000080661 us-gaap:DebtSecuritiesMember us-gaap:FairValueInputsLevel1Member us-gaap:FixedMaturitiesMember us-gaap:AvailableforsaleSecuritiesMember 2019-12-31 0000080661 us-gaap:CommonStocksByIndustryMember us-gaap:CommonStockMember us-gaap:EquitySecuritiesMember 2019-12-31 0000080661 us-gaap:AssetBackedSecuritiesMember us-gaap:FairValueInputsLevel2Member us-gaap:FixedMaturitiesMember us-gaap:AvailableforsaleSecuritiesMember 2019-12-31 0000080661 us-gaap:CarryingReportedAmountFairValueDisclosureMember us-gaap:FixedMaturitiesMember us-gaap:AvailableforsaleSecuritiesMember 2019-12-31 0000080661 us-gaap:DebtSecuritiesMember us-gaap:FairValueInputsLevel3Member us-gaap:USGovernmentDebtSecuritiesMember us-gaap:FixedMaturitiesMember us-gaap:AvailableforsaleSecuritiesMember 2019-12-31 0000080661 us-gaap:AssetBackedSecuritiesMember us-gaap:CarryingReportedAmountFairValueDisclosureMember us-gaap:CommercialMortgageBackedSecuritiesMember us-gaap:FixedMaturitiesMember us-gaap:AvailableforsaleSecuritiesMember 2019-12-31 0000080661 us-gaap:PublicUtilityEquitiesMember us-gaap:NonredeemablePreferredStockMember us-gaap:FairValueInputsLevel1Member us-gaap:EquitySecuritiesMember 2019-12-31 0000080661 us-gaap:IndustrialMiscellaneousAndAllOthersMember us-gaap:RedeemablePreferredStockMember us-gaap:FairValueInputsLevel3Member us-gaap:FixedMaturitiesMember us-gaap:AvailableforsaleSecuritiesMember 2019-12-31 0000080661 us-gaap:NonredeemablePreferredStockMember us-gaap:FairValueInputsLevel3Member us-gaap:EquitySecuritiesMember 2019-12-31 0000080661 us-gaap:CommonStocksByIndustryMember us-gaap:CommonStockMember us-gaap:FairValueInputsLevel3Member us-gaap:EquitySecuritiesMember 2019-12-31 0000080661 us-gaap:AssetBackedSecuritiesMember us-gaap:FairValueInputsLevel3Member us-gaap:ResidentialMortgageBackedSecuritiesMember us-gaap:FixedMaturitiesMember us-gaap:AvailableforsaleSecuritiesMember 2019-12-31 0000080661 us-gaap:AssetBackedSecuritiesMember us-gaap:CarryingReportedAmountFairValueDisclosureMember us-gaap:FixedMaturitiesMember us-gaap:AvailableforsaleSecuritiesMember 2019-12-31 0000080661 us-gaap:ShortTermInvestmentsMember us-gaap:AvailableforsaleSecuritiesMember 2019-12-31 0000080661 us-gaap:FairValueInputsLevel3Member us-gaap:AvailableforsaleSecuritiesMember 2019-12-31 0000080661 us-gaap:CommonStocksByIndustryMember us-gaap:CommonStockMember us-gaap:FairValueInputsLevel1Member us-gaap:EquitySecuritiesMember 2019-12-31 0000080661 us-gaap:AssetBackedSecuritiesMember us-gaap:FairValueInputsLevel2Member us-gaap:ResidentialMortgageBackedSecuritiesMember us-gaap:FixedMaturitiesMember us-gaap:AvailableforsaleSecuritiesMember 2019-12-31 0000080661 us-gaap:BanksTrustAndInsuranceEquitiesMember us-gaap:NonredeemablePreferredStockMember us-gaap:CarryingReportedAmountFairValueDisclosureMember us-gaap:EquitySecuritiesMember 2019-12-31 0000080661 pgr:OtherRiskInvestmentsMember us-gaap:CommonStockMember us-gaap:FairValueInputsLevel3Member us-gaap:EquitySecuritiesMember 2019-12-31 0000080661 us-gaap:DebtSecuritiesMember us-gaap:FairValueInputsLevel3Member us-gaap:CorporateDebtSecuritiesMember us-gaap:FixedMaturitiesMember us-gaap:AvailableforsaleSecuritiesMember 2019-12-31 0000080661 us-gaap:AssetBackedSecuritiesMember us-gaap:FairValueInputsLevel2Member us-gaap:AssetBackedSecuritiesSecuritizedLoansAndReceivablesMember us-gaap:FixedMaturitiesMember us-gaap:AvailableforsaleSecuritiesMember 2019-12-31 0000080661 us-gaap:FairValueInputsLevel3Member us-gaap:FixedMaturitiesMember us-gaap:AvailableforsaleSecuritiesMember 2019-12-31 0000080661 us-gaap:IndustrialMiscellaneousAndAllOthersMember us-gaap:RedeemablePreferredStockMember us-gaap:FairValueInputsLevel1Member us-gaap:FixedMaturitiesMember us-gaap:AvailableforsaleSecuritiesMember 2019-12-31 0000080661 us-gaap:CommonStockMember us-gaap:FairValueInputsLevel3Member us-gaap:EquitySecuritiesMember 2019-12-31 0000080661 us-gaap:IndustrialMiscellaneousAndAllOthersMember us-gaap:NonredeemablePreferredStockMember us-gaap:EquitySecuritiesMember 2019-12-31 0000080661 us-gaap:AssetBackedSecuritiesMember us-gaap:FairValueInputsLevel3Member us-gaap:CommercialMortgageBackedSecuritiesMember us-gaap:FixedMaturitiesMember us-gaap:AvailableforsaleSecuritiesMember 2019-12-31 0000080661 us-gaap:CommonStocksByIndustryMember us-gaap:CommonStockMember us-gaap:FairValueInputsLevel2Member us-gaap:EquitySecuritiesMember 2019-12-31 0000080661 us-gaap:DebtSecuritiesMember us-gaap:USGovernmentDebtSecuritiesMember us-gaap:FixedMaturitiesMember us-gaap:AvailableforsaleSecuritiesMember 2019-12-31 0000080661 pgr:OtherRiskInvestmentsMember us-gaap:CommonStockMember us-gaap:FairValueInputsLevel2Member us-gaap:EquitySecuritiesMember 2019-12-31 0000080661 us-gaap:FairValueInputsLevel1Member us-gaap:FixedMaturitiesMember us-gaap:AvailableforsaleSecuritiesMember 2019-12-31 0000080661 us-gaap:DebtSecuritiesMember us-gaap:FairValueInputsLevel1Member us-gaap:CorporateDebtSecuritiesMember us-gaap:FixedMaturitiesMember us-gaap:AvailableforsaleSecuritiesMember 2019-12-31 0000080661 us-gaap:IndustrialMiscellaneousAndAllOthersMember us-gaap:NonredeemablePreferredStockMember us-gaap:FairValueInputsLevel2Member us-gaap:EquitySecuritiesMember 2019-12-31 0000080661 us-gaap:BanksTrustAndInsuranceEquitiesMember us-gaap:NonredeemablePreferredStockMember us-gaap:FairValueInputsLevel2Member us-gaap:EquitySecuritiesMember 2019-12-31 0000080661 us-gaap:IndustrialMiscellaneousAndAllOthersMember us-gaap:RedeemablePreferredStockMember us-gaap:CarryingReportedAmountFairValueDisclosureMember us-gaap:FixedMaturitiesMember us-gaap:AvailableforsaleSecuritiesMember 2019-12-31 0000080661 us-gaap:FairValueInputsLevel1Member us-gaap:ShortTermInvestmentsMember us-gaap:AvailableforsaleSecuritiesMember 2019-12-31 0000080661 us-gaap:RedeemablePreferredStockMember us-gaap:FixedMaturitiesMember us-gaap:AvailableforsaleSecuritiesMember 2019-12-31 0000080661 us-gaap:EquitySecuritiesMember 2019-12-31 0000080661 us-gaap:BanksTrustAndInsuranceEquitiesMember us-gaap:NonredeemablePreferredStockMember us-gaap:EquitySecuritiesMember 2019-12-31 0000080661 us-gaap:BanksTrustAndInsuranceEquitiesMember us-gaap:NonredeemablePreferredStockMember us-gaap:EquitySecuritiesMember 2020-01-01 2020-03-31 0000080661 us-gaap:IndustrialMiscellaneousAndAllOthersMember us-gaap:NonredeemablePreferredStockMember us-gaap:EquitySecuritiesMember 2019-12-31 0000080661 us-gaap:IndustrialMiscellaneousAndAllOthersMember us-gaap:NonredeemablePreferredStockMember us-gaap:EquitySecuritiesMember 2020-01-01 2020-03-31 0000080661 pgr:OtherRiskInvestmentsMember us-gaap:CommonStockMember us-gaap:EquitySecuritiesMember 2020-01-01 2020-03-31 0000080661 pgr:OtherRiskInvestmentsMember us-gaap:CommonStockMember us-gaap:EquitySecuritiesMember 2019-12-31 0000080661 pgr:OtherRiskInvestmentsMember us-gaap:CommonStockMember us-gaap:EquitySecuritiesMember 2020-03-31 0000080661 us-gaap:IndustrialMiscellaneousAndAllOthersMember us-gaap:NonredeemablePreferredStockMember us-gaap:EquitySecuritiesMember 2020-03-31 0000080661 us-gaap:BanksTrustAndInsuranceEquitiesMember us-gaap:NonredeemablePreferredStockMember us-gaap:EquitySecuritiesMember 2020-03-31 0000080661 us-gaap:FairValueInputsLevel1Member 2020-03-31 0000080661 us-gaap:FairValueInputsLevel3Member us-gaap:CommonStockMember pgr:InternalPricingMember 2020-03-31 0000080661 us-gaap:FairValueInputsLevel3Member us-gaap:NonredeemablePreferredStockMember pgr:InternalPricingMember 2019-03-31 0000080661 us-gaap:FairValueInputsLevel3Member us-gaap:NonredeemablePreferredStockMember pgr:InternalPricingMember 2020-03-31 0000080661 us-gaap:FairValueInputsLevel2Member 2020-03-31 0000080661 us-gaap:FairValueInputsLevel2Member 2019-03-31 0000080661 us-gaap:FairValueInputsLevel3Member us-gaap:FixedMaturitiesMember 2020-03-31 0000080661 us-gaap:FairValueInputsLevel1Member 2019-03-31 0000080661 us-gaap:BanksTrustAndInsuranceEquitiesMember us-gaap:RedeemablePreferredStockMember us-gaap:FairValueInputsLevel2Member us-gaap:FixedMaturitiesMember us-gaap:AvailableforsaleSecuritiesMember 2020-03-31 0000080661 us-gaap:BanksTrustAndInsuranceEquitiesMember us-gaap:RedeemablePreferredStockMember us-gaap:CarryingReportedAmountFairValueDisclosureMember us-gaap:FixedMaturitiesMember us-gaap:AvailableforsaleSecuritiesMember 2020-03-31 0000080661 us-gaap:BanksTrustAndInsuranceEquitiesMember us-gaap:NonredeemablePreferredStockMember us-gaap:FairValueInputsLevel3Member us-gaap:EquitySecuritiesMember 2020-03-31 0000080661 pgr:OtherRiskInvestmentsMember us-gaap:CommonStockMember us-gaap:FairValueInputsLevel1Member us-gaap:EquitySecuritiesMember 2020-03-31 0000080661 us-gaap:IndustrialMiscellaneousAndAllOthersMember us-gaap:NonredeemablePreferredStockMember us-gaap:FairValueInputsLevel2Member us-gaap:EquitySecuritiesMember 2020-03-31 0000080661 us-gaap:FairValueInputsLevel1Member us-gaap:ShortTermInvestmentsMember us-gaap:AvailableforsaleSecuritiesMember 2020-03-31 0000080661 us-gaap:DebtSecuritiesMember us-gaap:FairValueInputsLevel2Member us-gaap:CorporateDebtSecuritiesMember us-gaap:FixedMaturitiesMember us-gaap:AvailableforsaleSecuritiesMember 2020-03-31 0000080661 us-gaap:PublicUtilityEquitiesMember us-gaap:RedeemablePreferredStockMember us-gaap:FixedMaturitiesMember us-gaap:AvailableforsaleSecuritiesMember 2020-03-31 0000080661 us-gaap:AssetBackedSecuritiesMember us-gaap:FairValueInputsLevel2Member us-gaap:AssetBackedSecuritiesSecuritizedLoansAndReceivablesMember us-gaap:FixedMaturitiesMember us-gaap:AvailableforsaleSecuritiesMember 2020-03-31 0000080661 us-gaap:AssetBackedSecuritiesMember us-gaap:FairValueInputsLevel1Member us-gaap:FixedMaturitiesMember us-gaap:AvailableforsaleSecuritiesMember 2020-03-31 0000080661 us-gaap:DebtSecuritiesMember us-gaap:FairValueInputsLevel2Member us-gaap:FixedMaturitiesMember us-gaap:AvailableforsaleSecuritiesMember 2020-03-31 0000080661 us-gaap:BanksTrustAndInsuranceEquitiesMember us-gaap:NonredeemablePreferredStockMember us-gaap:CarryingReportedAmountFairValueDisclosureMember us-gaap:EquitySecuritiesMember 2020-03-31 0000080661 us-gaap:CarryingReportedAmountFairValueDisclosureMember 2020-03-31 0000080661 us-gaap:DebtSecuritiesMember us-gaap:USGovernmentDebtSecuritiesMember us-gaap:FixedMaturitiesMember us-gaap:AvailableforsaleSecuritiesMember 2020-03-31 0000080661 us-gaap:DebtSecuritiesMember us-gaap:CarryingReportedAmountFairValueDisclosureMember us-gaap:CorporateDebtSecuritiesMember us-gaap:FixedMaturitiesMember us-gaap:AvailableforsaleSecuritiesMember 2020-03-31 0000080661 us-gaap:AssetBackedSecuritiesMember us-gaap:FairValueInputsLevel2Member us-gaap:FixedMaturitiesMember us-gaap:AvailableforsaleSecuritiesMember 2020-03-31 0000080661 us-gaap:IndustrialMiscellaneousAndAllOthersMember us-gaap:NonredeemablePreferredStockMember us-gaap:FairValueInputsLevel1Member us-gaap:EquitySecuritiesMember 2020-03-31 0000080661 us-gaap:DebtSecuritiesMember us-gaap:FairValueInputsLevel3Member us-gaap:USGovernmentDebtSecuritiesMember us-gaap:FixedMaturitiesMember us-gaap:AvailableforsaleSecuritiesMember 2020-03-31 0000080661 us-gaap:CommonStocksByIndustryMember us-gaap:CommonStockMember us-gaap:CarryingReportedAmountFairValueDisclosureMember us-gaap:EquitySecuritiesMember 2020-03-31 0000080661 us-gaap:PublicUtilityEquitiesMember us-gaap:NonredeemablePreferredStockMember us-gaap:EquitySecuritiesMember 2020-03-31 0000080661 us-gaap:DebtSecuritiesMember us-gaap:FairValueInputsLevel3Member us-gaap:CorporateDebtSecuritiesMember us-gaap:FixedMaturitiesMember us-gaap:AvailableforsaleSecuritiesMember 2020-03-31 0000080661 us-gaap:IndustrialMiscellaneousAndAllOthersMember us-gaap:RedeemablePreferredStockMember us-gaap:FixedMaturitiesMember us-gaap:AvailableforsaleSecuritiesMember 2020-03-31 0000080661 us-gaap:AssetBackedSecuritiesMember us-gaap:FixedMaturitiesMember us-gaap:AvailableforsaleSecuritiesMember 2020-03-31 0000080661 us-gaap:RedeemablePreferredStockMember us-gaap:FixedMaturitiesMember us-gaap:AvailableforsaleSecuritiesMember 2020-03-31 0000080661 us-gaap:PublicUtilityEquitiesMember us-gaap:NonredeemablePreferredStockMember us-gaap:FairValueInputsLevel2Member us-gaap:EquitySecuritiesMember 2020-03-31 0000080661 us-gaap:RedeemablePreferredStockMember us-gaap:FairValueInputsLevel2Member us-gaap:FixedMaturitiesMember us-gaap:AvailableforsaleSecuritiesMember 2020-03-31 0000080661 us-gaap:BanksTrustAndInsuranceEquitiesMember us-gaap:NonredeemablePreferredStockMember us-gaap:FairValueInputsLevel2Member us-gaap:EquitySecuritiesMember 2020-03-31 0000080661 us-gaap:CommonStocksByIndustryMember us-gaap:CommonStockMember us-gaap:FairValueInputsLevel1Member us-gaap:EquitySecuritiesMember 2020-03-31 0000080661 us-gaap:DebtSecuritiesMember us-gaap:FairValueInputsLevel3Member us-gaap:FixedMaturitiesMember us-gaap:AvailableforsaleSecuritiesMember 2020-03-31 0000080661 pgr:OtherRiskInvestmentsMember us-gaap:CommonStockMember us-gaap:CarryingReportedAmountFairValueDisclosureMember us-gaap:EquitySecuritiesMember 2020-03-31 0000080661 us-gaap:IndustrialMiscellaneousAndAllOthersMember us-gaap:NonredeemablePreferredStockMember us-gaap:FairValueInputsLevel3Member us-gaap:EquitySecuritiesMember 2020-03-31 0000080661 us-gaap:EquitySecuritiesMember 2020-03-31 0000080661 us-gaap:DebtSecuritiesMember us-gaap:FairValueInputsLevel1Member us-gaap:CorporateDebtSecuritiesMember us-gaap:FixedMaturitiesMember us-gaap:AvailableforsaleSecuritiesMember 2020-03-31 0000080661 us-gaap:AssetBackedSecuritiesMember us-gaap:FairValueInputsLevel1Member us-gaap:ResidentialMortgageBackedSecuritiesMember us-gaap:FixedMaturitiesMember us-gaap:AvailableforsaleSecuritiesMember 2020-03-31 0000080661 pgr:OtherRiskInvestmentsMember us-gaap:CommonStockMember us-gaap:EquitySecuritiesMember 2020-03-31 0000080661 us-gaap:FairValueInputsLevel2Member us-gaap:ShortTermInvestmentsMember us-gaap:AvailableforsaleSecuritiesMember 2020-03-31 0000080661 us-gaap:CommonStocksByIndustryMember us-gaap:CommonStockMember us-gaap:FairValueInputsLevel3Member us-gaap:EquitySecuritiesMember 2020-03-31 0000080661 us-gaap:AssetBackedSecuritiesMember us-gaap:FairValueInputsLevel3Member us-gaap:FixedMaturitiesMember us-gaap:AvailableforsaleSecuritiesMember 2020-03-31 0000080661 us-gaap:CommonStockMember us-gaap:CarryingReportedAmountFairValueDisclosureMember us-gaap:EquitySecuritiesMember 2020-03-31 0000080661 us-gaap:AssetBackedSecuritiesMember us-gaap:ResidentialMortgageBackedSecuritiesMember us-gaap:FixedMaturitiesMember us-gaap:AvailableforsaleSecuritiesMember 2020-03-31 0000080661 us-gaap:NonredeemablePreferredStockMember us-gaap:FairValueInputsLevel3Member us-gaap:EquitySecuritiesMember 2020-03-31 0000080661 us-gaap:IndustrialMiscellaneousAndAllOthersMember us-gaap:RedeemablePreferredStockMember us-gaap:FairValueInputsLevel2Member us-gaap:FixedMaturitiesMember us-gaap:AvailableforsaleSecuritiesMember 2020-03-31 0000080661 us-gaap:AssetBackedSecuritiesMember us-gaap:FairValueInputsLevel2Member us-gaap:CommercialMortgageBackedSecuritiesMember us-gaap:FixedMaturitiesMember us-gaap:AvailableforsaleSecuritiesMember 2020-03-31 0000080661 pgr:OtherRiskInvestmentsMember us-gaap:CommonStockMember us-gaap:FairValueInputsLevel3Member us-gaap:EquitySecuritiesMember 2020-03-31 0000080661 us-gaap:PublicUtilityEquitiesMember us-gaap:RedeemablePreferredStockMember us-gaap:CarryingReportedAmountFairValueDisclosureMember us-gaap:FixedMaturitiesMember us-gaap:AvailableforsaleSecuritiesMember 2020-03-31 0000080661 us-gaap:IndustrialMiscellaneousAndAllOthersMember us-gaap:RedeemablePreferredStockMember us-gaap:FairValueInputsLevel1Member us-gaap:FixedMaturitiesMember us-gaap:AvailableforsaleSecuritiesMember 2020-03-31 0000080661 us-gaap:CommonStocksByIndustryMember us-gaap:CommonStockMember us-gaap:FairValueInputsLevel2Member us-gaap:EquitySecuritiesMember 2020-03-31 0000080661 us-gaap:AssetBackedSecuritiesMember us-gaap:CarryingReportedAmountFairValueDisclosureMember us-gaap:CommercialMortgageBackedSecuritiesMember us-gaap:FixedMaturitiesMember us-gaap:AvailableforsaleSecuritiesMember 2020-03-31 0000080661 us-gaap:AssetBackedSecuritiesMember us-gaap:CarryingReportedAmountFairValueDisclosureMember us-gaap:FixedMaturitiesMember us-gaap:AvailableforsaleSecuritiesMember 2020-03-31 0000080661 us-gaap:NonredeemablePreferredStockMember us-gaap:CarryingReportedAmountFairValueDisclosureMember us-gaap:EquitySecuritiesMember 2020-03-31 0000080661 us-gaap:AssetBackedSecuritiesMember us-gaap:CarryingReportedAmountFairValueDisclosureMember us-gaap:AssetBackedSecuritiesSecuritizedLoansAndReceivablesMember us-gaap:FixedMaturitiesMember us-gaap:AvailableforsaleSecuritiesMember 2020-03-31 0000080661 us-gaap:CommonStocksByIndustryMember us-gaap:CommonStockMember us-gaap:EquitySecuritiesMember 2020-03-31 0000080661 us-gaap:PublicUtilityEquitiesMember us-gaap:RedeemablePreferredStockMember us-gaap:FairValueInputsLevel2Member us-gaap:FixedMaturitiesMember us-gaap:AvailableforsaleSecuritiesMember 2020-03-31 0000080661 us-gaap:FairValueInputsLevel2Member us-gaap:EquitySecuritiesMember 2020-03-31 0000080661 us-gaap:RedeemablePreferredStockMember us-gaap:FairValueInputsLevel3Member us-gaap:FixedMaturitiesMember us-gaap:AvailableforsaleSecuritiesMember 2020-03-31 0000080661 us-gaap:FairValueInputsLevel1Member us-gaap:AvailableforsaleSecuritiesMember 2020-03-31 0000080661 us-gaap:DebtSecuritiesMember us-gaap:FairValueInputsLevel2Member us-gaap:USGovernmentDebtSecuritiesMember us-gaap:FixedMaturitiesMember us-gaap:AvailableforsaleSecuritiesMember 2020-03-31 0000080661 us-gaap:DebtSecuritiesMember us-gaap:CarryingReportedAmountFairValueDisclosureMember us-gaap:USStatesAndPoliticalSubdivisionsMember us-gaap:FixedMaturitiesMember us-gaap:AvailableforsaleSecuritiesMember 2020-03-31 0000080661 us-gaap:AssetBackedSecuritiesMember us-gaap:FairValueInputsLevel3Member us-gaap:ResidentialMortgageBackedSecuritiesMember us-gaap:FixedMaturitiesMember us-gaap:AvailableforsaleSecuritiesMember 2020-03-31 0000080661 us-gaap:BanksTrustAndInsuranceEquitiesMember us-gaap:NonredeemablePreferredStockMember us-gaap:FairValueInputsLevel1Member us-gaap:EquitySecuritiesMember 2020-03-31 0000080661 us-gaap:IndustrialMiscellaneousAndAllOthersMember us-gaap:RedeemablePreferredStockMember us-gaap:FairValueInputsLevel3Member us-gaap:FixedMaturitiesMember us-gaap:AvailableforsaleSecuritiesMember 2020-03-31 0000080661 us-gaap:RedeemablePreferredStockMember us-gaap:CarryingReportedAmountFairValueDisclosureMember us-gaap:FixedMaturitiesMember us-gaap:AvailableforsaleSecuritiesMember 2020-03-31 0000080661 us-gaap:AssetBackedSecuritiesMember us-gaap:AssetBackedSecuritiesSecuritizedLoansAndReceivablesMember us-gaap:FixedMaturitiesMember us-gaap:AvailableforsaleSecuritiesMember 2020-03-31 0000080661 us-gaap:FairValueInputsLevel1Member us-gaap:EquitySecuritiesMember 2020-03-31 0000080661 us-gaap:DebtSecuritiesMember us-gaap:FairValueInputsLevel1Member us-gaap:FixedMaturitiesMember us-gaap:AvailableforsaleSecuritiesMember 2020-03-31 0000080661 us-gaap:CommonStockMember us-gaap:FairValueInputsLevel3Member us-gaap:EquitySecuritiesMember 2020-03-31 0000080661 us-gaap:PublicUtilityEquitiesMember us-gaap:NonredeemablePreferredStockMember us-gaap:FairValueInputsLevel1Member us-gaap:EquitySecuritiesMember 2020-03-31 0000080661 us-gaap:CommonStockMember us-gaap:FairValueInputsLevel2Member us-gaap:EquitySecuritiesMember 2020-03-31 0000080661 us-gaap:IndustrialMiscellaneousAndAllOthersMember us-gaap:NonredeemablePreferredStockMember us-gaap:CarryingReportedAmountFairValueDisclosureMember us-gaap:EquitySecuritiesMember 2020-03-31 0000080661 us-gaap:FairValueInputsLevel2Member us-gaap:AvailableforsaleSecuritiesMember 2020-03-31 0000080661 us-gaap:FairValueInputsLevel2Member us-gaap:FixedMaturitiesMember us-gaap:AvailableforsaleSecuritiesMember 2020-03-31 0000080661 us-gaap:DebtSecuritiesMember us-gaap:CarryingReportedAmountFairValueDisclosureMember us-gaap:FixedMaturitiesMember us-gaap:AvailableforsaleSecuritiesMember 2020-03-31 0000080661 us-gaap:NonredeemablePreferredStockMember us-gaap:EquitySecuritiesMember 2020-03-31 0000080661 us-gaap:CarryingReportedAmountFairValueDisclosureMember us-gaap:EquitySecuritiesMember 2020-03-31 0000080661 us-gaap:NonredeemablePreferredStockMember us-gaap:FairValueInputsLevel2Member us-gaap:EquitySecuritiesMember 2020-03-31 0000080661 us-gaap:AssetBackedSecuritiesMember us-gaap:FairValueInputsLevel3Member us-gaap:AssetBackedSecuritiesSecuritizedLoansAndReceivablesMember us-gaap:FixedMaturitiesMember us-gaap:AvailableforsaleSecuritiesMember 2020-03-31 0000080661 us-gaap:BanksTrustAndInsuranceEquitiesMember us-gaap:RedeemablePreferredStockMember us-gaap:FixedMaturitiesMember us-gaap:AvailableforsaleSecuritiesMember 2020-03-31 0000080661 us-gaap:CommonStockMember us-gaap:EquitySecuritiesMember 2020-03-31 0000080661 us-gaap:NonredeemablePreferredStockMember us-gaap:FairValueInputsLevel1Member us-gaap:EquitySecuritiesMember 2020-03-31 0000080661 us-gaap:BanksTrustAndInsuranceEquitiesMember us-gaap:RedeemablePreferredStockMember us-gaap:FairValueInputsLevel1Member us-gaap:FixedMaturitiesMember us-gaap:AvailableforsaleSecuritiesMember 2020-03-31 0000080661 us-gaap:DebtSecuritiesMember us-gaap:CarryingReportedAmountFairValueDisclosureMember us-gaap:USGovernmentDebtSecuritiesMember us-gaap:FixedMaturitiesMember us-gaap:AvailableforsaleSecuritiesMember 2020-03-31 0000080661 us-gaap:PublicUtilityEquitiesMember us-gaap:RedeemablePreferredStockMember us-gaap:FairValueInputsLevel3Member us-gaap:FixedMaturitiesMember us-gaap:AvailableforsaleSecuritiesMember 2020-03-31 0000080661 us-gaap:AssetBackedSecuritiesMember us-gaap:FairValueInputsLevel3Member us-gaap:CommercialMortgageBackedSecuritiesMember us-gaap:FixedMaturitiesMember us-gaap:AvailableforsaleSecuritiesMember 2020-03-31 0000080661 us-gaap:AssetBackedSecuritiesMember us-gaap:CommercialMortgageBackedSecuritiesMember us-gaap:FixedMaturitiesMember us-gaap:AvailableforsaleSecuritiesMember 2020-03-31 0000080661 us-gaap:FairValueInputsLevel3Member us-gaap:FixedMaturitiesMember us-gaap:AvailableforsaleSecuritiesMember 2020-03-31 0000080661 us-gaap:DebtSecuritiesMember us-gaap:FairValueInputsLevel1Member us-gaap:USStatesAndPoliticalSubdivisionsMember us-gaap:FixedMaturitiesMember us-gaap:AvailableforsaleSecuritiesMember 2020-03-31 0000080661 us-gaap:DebtSecuritiesMember us-gaap:FairValueInputsLevel1Member us-gaap:USGovernmentDebtSecuritiesMember us-gaap:FixedMaturitiesMember us-gaap:AvailableforsaleSecuritiesMember 2020-03-31 0000080661 us-gaap:AssetBackedSecuritiesMember us-gaap:FairValueInputsLevel1Member us-gaap:AssetBackedSecuritiesSecuritizedLoansAndReceivablesMember us-gaap:FixedMaturitiesMember us-gaap:AvailableforsaleSecuritiesMember 2020-03-31 0000080661 us-gaap:FairValueInputsLevel1Member us-gaap:FixedMaturitiesMember us-gaap:AvailableforsaleSecuritiesMember 2020-03-31 0000080661 us-gaap:IndustrialMiscellaneousAndAllOthersMember us-gaap:NonredeemablePreferredStockMember us-gaap:EquitySecuritiesMember 2020-03-31 0000080661 us-gaap:DebtSecuritiesMember us-gaap:USStatesAndPoliticalSubdivisionsMember us-gaap:FixedMaturitiesMember us-gaap:AvailableforsaleSecuritiesMember 2020-03-31 0000080661 us-gaap:IndustrialMiscellaneousAndAllOthersMember us-gaap:RedeemablePreferredStockMember us-gaap:CarryingReportedAmountFairValueDisclosureMember us-gaap:FixedMaturitiesMember us-gaap:AvailableforsaleSecuritiesMember 2020-03-31 0000080661 us-gaap:PublicUtilityEquitiesMember us-gaap:NonredeemablePreferredStockMember us-gaap:FairValueInputsLevel3Member us-gaap:EquitySecuritiesMember 2020-03-31 0000080661 us-gaap:AssetBackedSecuritiesMember us-gaap:FairValueInputsLevel2Member us-gaap:ResidentialMortgageBackedSecuritiesMember us-gaap:FixedMaturitiesMember us-gaap:AvailableforsaleSecuritiesMember 2020-03-31 0000080661 us-gaap:RedeemablePreferredStockMember us-gaap:FairValueInputsLevel1Member us-gaap:FixedMaturitiesMember us-gaap:AvailableforsaleSecuritiesMember 2020-03-31 0000080661 us-gaap:FairValueInputsLevel3Member us-gaap:AvailableforsaleSecuritiesMember 2020-03-31 0000080661 us-gaap:DebtSecuritiesMember us-gaap:FairValueInputsLevel2Member us-gaap:USStatesAndPoliticalSubdivisionsMember us-gaap:FixedMaturitiesMember us-gaap:AvailableforsaleSecuritiesMember 2020-03-31 0000080661 us-gaap:AssetBackedSecuritiesMember us-gaap:CarryingReportedAmountFairValueDisclosureMember us-gaap:ResidentialMortgageBackedSecuritiesMember us-gaap:FixedMaturitiesMember us-gaap:AvailableforsaleSecuritiesMember 2020-03-31 0000080661 us-gaap:DebtSecuritiesMember us-gaap:CorporateDebtSecuritiesMember us-gaap:FixedMaturitiesMember us-gaap:AvailableforsaleSecuritiesMember 2020-03-31 0000080661 us-gaap:FixedMaturitiesMember us-gaap:AvailableforsaleSecuritiesMember 2020-03-31 0000080661 us-gaap:AvailableforsaleSecuritiesMember 2020-03-31 0000080661 us-gaap:PublicUtilityEquitiesMember us-gaap:RedeemablePreferredStockMember us-gaap:FairValueInputsLevel1Member us-gaap:FixedMaturitiesMember us-gaap:AvailableforsaleSecuritiesMember 2020-03-31 0000080661 us-gaap:DebtSecuritiesMember us-gaap:FairValueInputsLevel3Member us-gaap:USStatesAndPoliticalSubdivisionsMember us-gaap:FixedMaturitiesMember us-gaap:AvailableforsaleSecuritiesMember 2020-03-31 0000080661 us-gaap:ShortTermInvestmentsMember us-gaap:AvailableforsaleSecuritiesMember 2020-03-31 0000080661 us-gaap:FairValueInputsLevel3Member us-gaap:EquitySecuritiesMember 2020-03-31 0000080661 us-gaap:DebtSecuritiesMember us-gaap:FixedMaturitiesMember us-gaap:AvailableforsaleSecuritiesMember 2020-03-31 0000080661 us-gaap:CarryingReportedAmountFairValueDisclosureMember us-gaap:AvailableforsaleSecuritiesMember 2020-03-31 0000080661 us-gaap:CommonStockMember us-gaap:FairValueInputsLevel1Member us-gaap:EquitySecuritiesMember 2020-03-31 0000080661 us-gaap:BanksTrustAndInsuranceEquitiesMember us-gaap:NonredeemablePreferredStockMember us-gaap:EquitySecuritiesMember 2020-03-31 0000080661 us-gaap:AssetBackedSecuritiesMember us-gaap:FairValueInputsLevel1Member us-gaap:CommercialMortgageBackedSecuritiesMember us-gaap:FixedMaturitiesMember us-gaap:AvailableforsaleSecuritiesMember 2020-03-31 0000080661 us-gaap:PublicUtilityEquitiesMember us-gaap:NonredeemablePreferredStockMember us-gaap:CarryingReportedAmountFairValueDisclosureMember us-gaap:EquitySecuritiesMember 2020-03-31 0000080661 us-gaap:CarryingReportedAmountFairValueDisclosureMember us-gaap:FixedMaturitiesMember us-gaap:AvailableforsaleSecuritiesMember 2020-03-31 0000080661 us-gaap:CarryingReportedAmountFairValueDisclosureMember us-gaap:ShortTermInvestmentsMember us-gaap:AvailableforsaleSecuritiesMember 2020-03-31 0000080661 us-gaap:FairValueInputsLevel3Member us-gaap:ShortTermInvestmentsMember us-gaap:AvailableforsaleSecuritiesMember 2020-03-31 0000080661 us-gaap:BanksTrustAndInsuranceEquitiesMember us-gaap:RedeemablePreferredStockMember us-gaap:FairValueInputsLevel3Member us-gaap:FixedMaturitiesMember us-gaap:AvailableforsaleSecuritiesMember 2020-03-31 0000080661 pgr:OtherRiskInvestmentsMember us-gaap:CommonStockMember us-gaap:FairValueInputsLevel2Member us-gaap:EquitySecuritiesMember 2020-03-31 0000080661 us-gaap:IndustrialMiscellaneousAndAllOthersMember us-gaap:NonredeemablePreferredStockMember us-gaap:EquitySecuritiesMember 2018-12-31 0000080661 us-gaap:IndustrialMiscellaneousAndAllOthersMember us-gaap:NonredeemablePreferredStockMember us-gaap:EquitySecuritiesMember 2019-01-01 2019-03-31 0000080661 pgr:OtherRiskInvestmentsMember us-gaap:CommonStockMember us-gaap:EquitySecuritiesMember 2019-01-01 2019-03-31 0000080661 us-gaap:BanksTrustAndInsuranceEquitiesMember us-gaap:NonredeemablePreferredStockMember us-gaap:EquitySecuritiesMember 2019-01-01 2019-03-31 0000080661 us-gaap:IndustrialMiscellaneousAndAllOthersMember us-gaap:NonredeemablePreferredStockMember us-gaap:EquitySecuritiesMember 2019-03-31 0000080661 pgr:OtherRiskInvestmentsMember us-gaap:CommonStockMember us-gaap:EquitySecuritiesMember 2019-03-31 0000080661 us-gaap:BanksTrustAndInsuranceEquitiesMember us-gaap:NonredeemablePreferredStockMember us-gaap:EquitySecuritiesMember 2019-03-31 0000080661 pgr:OtherRiskInvestmentsMember us-gaap:CommonStockMember us-gaap:EquitySecuritiesMember 2018-12-31 0000080661 us-gaap:BanksTrustAndInsuranceEquitiesMember us-gaap:NonredeemablePreferredStockMember us-gaap:EquitySecuritiesMember 2018-12-31 0000080661 us-gaap:BanksTrustAndInsuranceEquitiesMember us-gaap:RedeemablePreferredStockMember us-gaap:FairValueInputsLevel2Member us-gaap:FixedMaturitiesMember us-gaap:AvailableforsaleSecuritiesMember 2019-03-31 0000080661 us-gaap:DebtSecuritiesMember us-gaap:FairValueInputsLevel3Member us-gaap:CorporateDebtSecuritiesMember us-gaap:FixedMaturitiesMember us-gaap:AvailableforsaleSecuritiesMember 2019-03-31 0000080661 us-gaap:CommonStocksByIndustryMember us-gaap:CommonStockMember us-gaap:EquitySecuritiesMember 2019-03-31 0000080661 us-gaap:NonredeemablePreferredStockMember us-gaap:FairValueInputsLevel1Member us-gaap:EquitySecuritiesMember 2019-03-31 0000080661 us-gaap:AssetBackedSecuritiesMember us-gaap:CarryingReportedAmountFairValueDisclosureMember us-gaap:AssetBackedSecuritiesSecuritizedLoansAndReceivablesMember us-gaap:FixedMaturitiesMember us-gaap:AvailableforsaleSecuritiesMember 2019-03-31 0000080661 us-gaap:PublicUtilityEquitiesMember us-gaap:RedeemablePreferredStockMember us-gaap:FairValueInputsLevel2Member us-gaap:FixedMaturitiesMember us-gaap:AvailableforsaleSecuritiesMember 2019-03-31 0000080661 us-gaap:FairValueInputsLevel1Member us-gaap:FixedMaturitiesMember us-gaap:AvailableforsaleSecuritiesMember 2019-03-31 0000080661 us-gaap:AssetBackedSecuritiesMember us-gaap:CommercialMortgageBackedSecuritiesMember us-gaap:FixedMaturitiesMember us-gaap:AvailableforsaleSecuritiesMember 2019-03-31 0000080661 us-gaap:FairValueInputsLevel1Member us-gaap:ShortTermInvestmentsMember us-gaap:AvailableforsaleSecuritiesMember 2019-03-31 0000080661 us-gaap:AssetBackedSecuritiesMember us-gaap:ResidentialMortgageBackedSecuritiesMember us-gaap:FixedMaturitiesMember us-gaap:AvailableforsaleSecuritiesMember 2019-03-31 0000080661 us-gaap:FairValueInputsLevel3Member us-gaap:FixedMaturitiesMember us-gaap:AvailableforsaleSecuritiesMember 2019-03-31 0000080661 us-gaap:DebtSecuritiesMember us-gaap:CarryingReportedAmountFairValueDisclosureMember us-gaap:USStatesAndPoliticalSubdivisionsMember us-gaap:FixedMaturitiesMember us-gaap:AvailableforsaleSecuritiesMember 2019-03-31 0000080661 us-gaap:FairValueInputsLevel2Member us-gaap:AvailableforsaleSecuritiesMember 2019-03-31 0000080661 us-gaap:CommonStockMember us-gaap:FairValueInputsLevel2Member us-gaap:EquitySecuritiesMember 2019-03-31 0000080661 us-gaap:NonredeemablePreferredStockMember us-gaap:FairValueInputsLevel2Member us-gaap:EquitySecuritiesMember 2019-03-31 0000080661 us-gaap:AssetBackedSecuritiesMember us-gaap:AssetBackedSecuritiesSecuritizedLoansAndReceivablesMember us-gaap:FixedMaturitiesMember us-gaap:AvailableforsaleSecuritiesMember 2019-03-31 0000080661 us-gaap:FairValueInputsLevel3Member us-gaap:ShortTermInvestmentsMember us-gaap:AvailableforsaleSecuritiesMember 2019-03-31 0000080661 pgr:OtherRiskInvestmentsMember us-gaap:CommonStockMember us-gaap:FairValueInputsLevel3Member us-gaap:EquitySecuritiesMember 2019-03-31 0000080661 us-gaap:AssetBackedSecuritiesMember us-gaap:FairValueInputsLevel1Member us-gaap:AssetBackedSecuritiesSecuritizedLoansAndReceivablesMember us-gaap:FixedMaturitiesMember us-gaap:AvailableforsaleSecuritiesMember 2019-03-31 0000080661 us-gaap:CarryingReportedAmountFairValueDisclosureMember us-gaap:EquitySecuritiesMember 2019-03-31 0000080661 us-gaap:AssetBackedSecuritiesMember us-gaap:FairValueInputsLevel3Member us-gaap:AssetBackedSecuritiesSecuritizedLoansAndReceivablesMember us-gaap:FixedMaturitiesMember us-gaap:AvailableforsaleSecuritiesMember 2019-03-31 0000080661 us-gaap:AssetBackedSecuritiesMember us-gaap:FairValueInputsLevel1Member us-gaap:ResidentialMortgageBackedSecuritiesMember us-gaap:FixedMaturitiesMember us-gaap:AvailableforsaleSecuritiesMember 2019-03-31 0000080661 us-gaap:BanksTrustAndInsuranceEquitiesMember us-gaap:NonredeemablePreferredStockMember us-gaap:FairValueInputsLevel1Member us-gaap:EquitySecuritiesMember 2019-03-31 0000080661 us-gaap:IndustrialMiscellaneousAndAllOthersMember us-gaap:NonredeemablePreferredStockMember us-gaap:EquitySecuritiesMember 2019-03-31 0000080661 us-gaap:CommonStockMember us-gaap:FairValueInputsLevel1Member us-gaap:EquitySecuritiesMember 2019-03-31 0000080661 us-gaap:IndustrialMiscellaneousAndAllOthersMember us-gaap:NonredeemablePreferredStockMember us-gaap:FairValueInputsLevel3Member us-gaap:EquitySecuritiesMember 2019-03-31 0000080661 us-gaap:DebtSecuritiesMember us-gaap:CarryingReportedAmountFairValueDisclosureMember us-gaap:FixedMaturitiesMember us-gaap:AvailableforsaleSecuritiesMember 2019-03-31 0000080661 us-gaap:NonredeemablePreferredStockMember us-gaap:CarryingReportedAmountFairValueDisclosureMember us-gaap:EquitySecuritiesMember 2019-03-31 0000080661 us-gaap:PublicUtilityEquitiesMember us-gaap:NonredeemablePreferredStockMember us-gaap:CarryingReportedAmountFairValueDisclosureMember us-gaap:EquitySecuritiesMember 2019-03-31 0000080661 us-gaap:IndustrialMiscellaneousAndAllOthersMember us-gaap:RedeemablePreferredStockMember us-gaap:FixedMaturitiesMember us-gaap:AvailableforsaleSecuritiesMember 2019-03-31 0000080661 us-gaap:DebtSecuritiesMember us-gaap:CarryingReportedAmountFairValueDisclosureMember us-gaap:CorporateDebtSecuritiesMember us-gaap:FixedMaturitiesMember us-gaap:AvailableforsaleSecuritiesMember 2019-03-31 0000080661 us-gaap:PublicUtilityEquitiesMember us-gaap:NonredeemablePreferredStockMember us-gaap:FairValueInputsLevel1Member us-gaap:EquitySecuritiesMember 2019-03-31 0000080661 us-gaap:CarryingReportedAmountFairValueDisclosureMember us-gaap:AvailableforsaleSecuritiesMember 2019-03-31 0000080661 us-gaap:FairValueInputsLevel3Member 2019-03-31 0000080661 us-gaap:BanksTrustAndInsuranceEquitiesMember us-gaap:RedeemablePreferredStockMember us-gaap:FairValueInputsLevel1Member us-gaap:FixedMaturitiesMember us-gaap:AvailableforsaleSecuritiesMember 2019-03-31 0000080661 us-gaap:CarryingReportedAmountFairValueDisclosureMember 2019-03-31 0000080661 us-gaap:CommonStocksByIndustryMember us-gaap:CommonStockMember us-gaap:FairValueInputsLevel2Member us-gaap:EquitySecuritiesMember 2019-03-31 0000080661 us-gaap:FairValueInputsLevel1Member us-gaap:EquitySecuritiesMember 2019-03-31 0000080661 us-gaap:DebtSecuritiesMember us-gaap:FairValueInputsLevel2Member us-gaap:FixedMaturitiesMember us-gaap:AvailableforsaleSecuritiesMember 2019-03-31 0000080661 us-gaap:AssetBackedSecuritiesMember us-gaap:CarryingReportedAmountFairValueDisclosureMember us-gaap:ResidentialMortgageBackedSecuritiesMember us-gaap:FixedMaturitiesMember us-gaap:AvailableforsaleSecuritiesMember 2019-03-31 0000080661 us-gaap:DebtSecuritiesMember us-gaap:USStatesAndPoliticalSubdivisionsMember us-gaap:FixedMaturitiesMember us-gaap:AvailableforsaleSecuritiesMember 2019-03-31 0000080661 us-gaap:NonredeemablePreferredStockMember us-gaap:FairValueInputsLevel3Member us-gaap:EquitySecuritiesMember 2019-03-31 0000080661 us-gaap:FairValueInputsLevel2Member us-gaap:ShortTermInvestmentsMember us-gaap:AvailableforsaleSecuritiesMember 2019-03-31 0000080661 us-gaap:BanksTrustAndInsuranceEquitiesMember us-gaap:NonredeemablePreferredStockMember us-gaap:FairValueInputsLevel3Member us-gaap:EquitySecuritiesMember 2019-03-31 0000080661 us-gaap:AssetBackedSecuritiesMember us-gaap:FairValueInputsLevel2Member us-gaap:FixedMaturitiesMember us-gaap:AvailableforsaleSecuritiesMember 2019-03-31 0000080661 us-gaap:PublicUtilityEquitiesMember us-gaap:NonredeemablePreferredStockMember us-gaap:EquitySecuritiesMember 2019-03-31 0000080661 us-gaap:PublicUtilityEquitiesMember us-gaap:RedeemablePreferredStockMember us-gaap:FairValueInputsLevel1Member us-gaap:FixedMaturitiesMember us-gaap:AvailableforsaleSecuritiesMember 2019-03-31 0000080661 us-gaap:RedeemablePreferredStockMember us-gaap:CarryingReportedAmountFairValueDisclosureMember us-gaap:FixedMaturitiesMember us-gaap:AvailableforsaleSecuritiesMember 2019-03-31 0000080661 pgr:OtherRiskInvestmentsMember us-gaap:CommonStockMember us-gaap:FairValueInputsLevel1Member us-gaap:EquitySecuritiesMember 2019-03-31 0000080661 us-gaap:RedeemablePreferredStockMember us-gaap:FairValueInputsLevel2Member us-gaap:FixedMaturitiesMember us-gaap:AvailableforsaleSecuritiesMember 2019-03-31 0000080661 us-gaap:AvailableforsaleSecuritiesMember 2019-03-31 0000080661 us-gaap:CommonStockMember us-gaap:EquitySecuritiesMember 2019-03-31 0000080661 us-gaap:BanksTrustAndInsuranceEquitiesMember us-gaap:NonredeemablePreferredStockMember us-gaap:EquitySecuritiesMember 2019-03-31 0000080661 us-gaap:PublicUtilityEquitiesMember us-gaap:RedeemablePreferredStockMember us-gaap:FairValueInputsLevel3Member us-gaap:FixedMaturitiesMember us-gaap:AvailableforsaleSecuritiesMember 2019-03-31 0000080661 us-gaap:FairValueInputsLevel1Member us-gaap:AvailableforsaleSecuritiesMember 2019-03-31 0000080661 us-gaap:CommonStocksByIndustryMember us-gaap:CommonStockMember us-gaap:CarryingReportedAmountFairValueDisclosureMember us-gaap:EquitySecuritiesMember 2019-03-31 0000080661 us-gaap:IndustrialMiscellaneousAndAllOthersMember us-gaap:RedeemablePreferredStockMember us-gaap:FairValueInputsLevel1Member us-gaap:FixedMaturitiesMember us-gaap:AvailableforsaleSecuritiesMember 2019-03-31 0000080661 us-gaap:DebtSecuritiesMember us-gaap:FairValueInputsLevel3Member us-gaap:USGovernmentDebtSecuritiesMember us-gaap:FixedMaturitiesMember us-gaap:AvailableforsaleSecuritiesMember 2019-03-31 0000080661 us-gaap:BanksTrustAndInsuranceEquitiesMember us-gaap:NonredeemablePreferredStockMember us-gaap:FairValueInputsLevel2Member us-gaap:EquitySecuritiesMember 2019-03-31 0000080661 us-gaap:FixedMaturitiesMember us-gaap:AvailableforsaleSecuritiesMember 2019-03-31 0000080661 us-gaap:AssetBackedSecuritiesMember us-gaap:CarryingReportedAmountFairValueDisclosureMember us-gaap:CommercialMortgageBackedSecuritiesMember us-gaap:FixedMaturitiesMember us-gaap:AvailableforsaleSecuritiesMember 2019-03-31 0000080661 us-gaap:AssetBackedSecuritiesMember us-gaap:FairValueInputsLevel3Member us-gaap:CommercialMortgageBackedSecuritiesMember us-gaap:FixedMaturitiesMember us-gaap:AvailableforsaleSecuritiesMember 2019-03-31 0000080661 us-gaap:BanksTrustAndInsuranceEquitiesMember us-gaap:RedeemablePreferredStockMember us-gaap:FairValueInputsLevel3Member us-gaap:FixedMaturitiesMember us-gaap:AvailableforsaleSecuritiesMember 2019-03-31 0000080661 us-gaap:DebtSecuritiesMember us-gaap:FairValueInputsLevel1Member us-gaap:CorporateDebtSecuritiesMember us-gaap:FixedMaturitiesMember us-gaap:AvailableforsaleSecuritiesMember 2019-03-31 0000080661 us-gaap:DebtSecuritiesMember us-gaap:USGovernmentDebtSecuritiesMember us-gaap:FixedMaturitiesMember us-gaap:AvailableforsaleSecuritiesMember 2019-03-31 0000080661 us-gaap:FairValueInputsLevel3Member us-gaap:AvailableforsaleSecuritiesMember 2019-03-31 0000080661 us-gaap:AssetBackedSecuritiesMember us-gaap:FairValueInputsLevel2Member us-gaap:CommercialMortgageBackedSecuritiesMember us-gaap:FixedMaturitiesMember us-gaap:AvailableforsaleSecuritiesMember 2019-03-31 0000080661 pgr:OtherRiskInvestmentsMember us-gaap:CommonStockMember us-gaap:CarryingReportedAmountFairValueDisclosureMember us-gaap:EquitySecuritiesMember 2019-03-31 0000080661 us-gaap:AssetBackedSecuritiesMember us-gaap:CarryingReportedAmountFairValueDisclosureMember us-gaap:FixedMaturitiesMember us-gaap:AvailableforsaleSecuritiesMember 2019-03-31 0000080661 us-gaap:EquitySecuritiesMember 2019-03-31 0000080661 pgr:OtherRiskInvestmentsMember us-gaap:CommonStockMember us-gaap:EquitySecuritiesMember 2019-03-31 0000080661 us-gaap:CommonStockMember us-gaap:FairValueInputsLevel3Member us-gaap:EquitySecuritiesMember 2019-03-31 0000080661 us-gaap:IndustrialMiscellaneousAndAllOthersMember us-gaap:RedeemablePreferredStockMember us-gaap:FairValueInputsLevel2Member us-gaap:FixedMaturitiesMember us-gaap:AvailableforsaleSecuritiesMember 2019-03-31 0000080661 us-gaap:CommonStockMember us-gaap:CarryingReportedAmountFairValueDisclosureMember us-gaap:EquitySecuritiesMember 2019-03-31 0000080661 us-gaap:AssetBackedSecuritiesMember us-gaap:FixedMaturitiesMember us-gaap:AvailableforsaleSecuritiesMember 2019-03-31 0000080661 us-gaap:RedeemablePreferredStockMember us-gaap:FairValueInputsLevel1Member us-gaap:FixedMaturitiesMember us-gaap:AvailableforsaleSecuritiesMember 2019-03-31 0000080661 us-gaap:DebtSecuritiesMember us-gaap:FairValueInputsLevel2Member us-gaap:USGovernmentDebtSecuritiesMember us-gaap:FixedMaturitiesMember us-gaap:AvailableforsaleSecuritiesMember 2019-03-31 0000080661 us-gaap:DebtSecuritiesMember us-gaap:FairValueInputsLevel1Member us-gaap:USGovernmentDebtSecuritiesMember us-gaap:FixedMaturitiesMember us-gaap:AvailableforsaleSecuritiesMember 2019-03-31 0000080661 us-gaap:DebtSecuritiesMember us-gaap:FairValueInputsLevel2Member us-gaap:CorporateDebtSecuritiesMember us-gaap:FixedMaturitiesMember us-gaap:AvailableforsaleSecuritiesMember 2019-03-31 0000080661 us-gaap:BanksTrustAndInsuranceEquitiesMember us-gaap:NonredeemablePreferredStockMember us-gaap:CarryingReportedAmountFairValueDisclosureMember us-gaap:EquitySecuritiesMember 2019-03-31 0000080661 us-gaap:CommonStocksByIndustryMember us-gaap:CommonStockMember us-gaap:FairValueInputsLevel3Member us-gaap:EquitySecuritiesMember 2019-03-31 0000080661 us-gaap:BanksTrustAndInsuranceEquitiesMember us-gaap:RedeemablePreferredStockMember us-gaap:FixedMaturitiesMember us-gaap:AvailableforsaleSecuritiesMember 2019-03-31 0000080661 us-gaap:AssetBackedSecuritiesMember us-gaap:FairValueInputsLevel3Member us-gaap:ResidentialMortgageBackedSecuritiesMember us-gaap:FixedMaturitiesMember us-gaap:AvailableforsaleSecuritiesMember 2019-03-31 0000080661 us-gaap:NonredeemablePreferredStockMember us-gaap:EquitySecuritiesMember 2019-03-31 0000080661 us-gaap:AssetBackedSecuritiesMember us-gaap:FairValueInputsLevel1Member us-gaap:FixedMaturitiesMember us-gaap:AvailableforsaleSecuritiesMember 2019-03-31 0000080661 us-gaap:DebtSecuritiesMember us-gaap:FixedMaturitiesMember us-gaap:AvailableforsaleSecuritiesMember 2019-03-31 0000080661 us-gaap:PublicUtilityEquitiesMember us-gaap:NonredeemablePreferredStockMember us-gaap:FairValueInputsLevel2Member us-gaap:EquitySecuritiesMember 2019-03-31 0000080661 us-gaap:DebtSecuritiesMember us-gaap:FairValueInputsLevel2Member us-gaap:USStatesAndPoliticalSubdivisionsMember us-gaap:FixedMaturitiesMember us-gaap:AvailableforsaleSecuritiesMember 2019-03-31 0000080661 us-gaap:DebtSecuritiesMember us-gaap:FairValueInputsLevel3Member us-gaap:USStatesAndPoliticalSubdivisionsMember us-gaap:FixedMaturitiesMember us-gaap:AvailableforsaleSecuritiesMember 2019-03-31 0000080661 us-gaap:DebtSecuritiesMember us-gaap:FairValueInputsLevel1Member us-gaap:FixedMaturitiesMember us-gaap:AvailableforsaleSecuritiesMember 2019-03-31 0000080661 us-gaap:CarryingReportedAmountFairValueDisclosureMember us-gaap:FixedMaturitiesMember us-gaap:AvailableforsaleSecuritiesMember 2019-03-31 0000080661 us-gaap:PublicUtilityEquitiesMember us-gaap:RedeemablePreferredStockMember us-gaap:FixedMaturitiesMember us-gaap:AvailableforsaleSecuritiesMember 2019-03-31 0000080661 us-gaap:IndustrialMiscellaneousAndAllOthersMember us-gaap:RedeemablePreferredStockMember us-gaap:CarryingReportedAmountFairValueDisclosureMember us-gaap:FixedMaturitiesMember us-gaap:AvailableforsaleSecuritiesMember 2019-03-31 0000080661 us-gaap:AssetBackedSecuritiesMember us-gaap:FairValueInputsLevel1Member us-gaap:CommercialMortgageBackedSecuritiesMember us-gaap:FixedMaturitiesMember us-gaap:AvailableforsaleSecuritiesMember 2019-03-31 0000080661 us-gaap:CommonStocksByIndustryMember us-gaap:CommonStockMember us-gaap:FairValueInputsLevel1Member us-gaap:EquitySecuritiesMember 2019-03-31 0000080661 us-gaap:PublicUtilityEquitiesMember us-gaap:RedeemablePreferredStockMember us-gaap:CarryingReportedAmountFairValueDisclosureMember us-gaap:FixedMaturitiesMember us-gaap:AvailableforsaleSecuritiesMember 2019-03-31 0000080661 us-gaap:IndustrialMiscellaneousAndAllOthersMember us-gaap:NonredeemablePreferredStockMember us-gaap:FairValueInputsLevel1Member us-gaap:EquitySecuritiesMember 2019-03-31 0000080661 us-gaap:DebtSecuritiesMember us-gaap:FairValueInputsLevel3Member us-gaap:FixedMaturitiesMember us-gaap:AvailableforsaleSecuritiesMember 2019-03-31 0000080661 us-gaap:AssetBackedSecuritiesMember us-gaap:FairValueInputsLevel2Member us-gaap:AssetBackedSecuritiesSecuritizedLoansAndReceivablesMember us-gaap:FixedMaturitiesMember us-gaap:AvailableforsaleSecuritiesMember 2019-03-31 0000080661 us-gaap:PublicUtilityEquitiesMember us-gaap:NonredeemablePreferredStockMember us-gaap:FairValueInputsLevel3Member us-gaap:EquitySecuritiesMember 2019-03-31 0000080661 us-gaap:FairValueInputsLevel3Member us-gaap:EquitySecuritiesMember 2019-03-31 0000080661 us-gaap:ShortTermInvestmentsMember us-gaap:AvailableforsaleSecuritiesMember 2019-03-31 0000080661 us-gaap:IndustrialMiscellaneousAndAllOthersMember us-gaap:NonredeemablePreferredStockMember us-gaap:CarryingReportedAmountFairValueDisclosureMember us-gaap:EquitySecuritiesMember 2019-03-31 0000080661 us-gaap:DebtSecuritiesMember us-gaap:CarryingReportedAmountFairValueDisclosureMember us-gaap:USGovernmentDebtSecuritiesMember us-gaap:FixedMaturitiesMember us-gaap:AvailableforsaleSecuritiesMember 2019-03-31 0000080661 us-gaap:FairValueInputsLevel2Member us-gaap:FixedMaturitiesMember us-gaap:AvailableforsaleSecuritiesMember 2019-03-31 0000080661 us-gaap:DebtSecuritiesMember us-gaap:FairValueInputsLevel1Member us-gaap:USStatesAndPoliticalSubdivisionsMember us-gaap:FixedMaturitiesMember us-gaap:AvailableforsaleSecuritiesMember 2019-03-31 0000080661 us-gaap:RedeemablePreferredStockMember us-gaap:FixedMaturitiesMember us-gaap:AvailableforsaleSecuritiesMember 2019-03-31 0000080661 us-gaap:IndustrialMiscellaneousAndAllOthersMember us-gaap:NonredeemablePreferredStockMember us-gaap:FairValueInputsLevel2Member us-gaap:EquitySecuritiesMember 2019-03-31 0000080661 us-gaap:IndustrialMiscellaneousAndAllOthersMember us-gaap:RedeemablePreferredStockMember us-gaap:FairValueInputsLevel3Member us-gaap:FixedMaturitiesMember us-gaap:AvailableforsaleSecuritiesMember 2019-03-31 0000080661 us-gaap:BanksTrustAndInsuranceEquitiesMember us-gaap:RedeemablePreferredStockMember us-gaap:CarryingReportedAmountFairValueDisclosureMember us-gaap:FixedMaturitiesMember us-gaap:AvailableforsaleSecuritiesMember 2019-03-31 0000080661 us-gaap:RedeemablePreferredStockMember us-gaap:FairValueInputsLevel3Member us-gaap:FixedMaturitiesMember us-gaap:AvailableforsaleSecuritiesMember 2019-03-31 0000080661 us-gaap:AssetBackedSecuritiesMember us-gaap:FairValueInputsLevel3Member us-gaap:FixedMaturitiesMember us-gaap:AvailableforsaleSecuritiesMember 2019-03-31 0000080661 us-gaap:FairValueInputsLevel2Member us-gaap:EquitySecuritiesMember 2019-03-31 0000080661 us-gaap:CarryingReportedAmountFairValueDisclosureMember us-gaap:ShortTermInvestmentsMember us-gaap:AvailableforsaleSecuritiesMember 2019-03-31 0000080661 us-gaap:DebtSecuritiesMember us-gaap:CorporateDebtSecuritiesMember us-gaap:FixedMaturitiesMember us-gaap:AvailableforsaleSecuritiesMember 2019-03-31 0000080661 us-gaap:AssetBackedSecuritiesMember us-gaap:FairValueInputsLevel2Member us-gaap:ResidentialMortgageBackedSecuritiesMember us-gaap:FixedMaturitiesMember us-gaap:AvailableforsaleSecuritiesMember 2019-03-31 0000080661 pgr:OtherRiskInvestmentsMember us-gaap:CommonStockMember us-gaap:FairValueInputsLevel2Member us-gaap:EquitySecuritiesMember 2019-03-31 0000080661 us-gaap:FairValueInputsLevel3Member pgr:TotalQuantitativeLevelThreeSecuritiesMember 2019-03-31 0000080661 us-gaap:BanksTrustAndInsuranceEquitiesMember us-gaap:FairValueInputsLevel3Member us-gaap:NonredeemablePreferredStockMember pgr:InternalPricingMember 2019-01-01 2019-03-31 0000080661 us-gaap:IndustrialMiscellaneousAndAllOthersMember us-gaap:FairValueInputsLevel3Member us-gaap:NonredeemablePreferredStockMember pgr:InternalPricingMember 2019-01-01 2019-03-31 0000080661 us-gaap:BanksTrustAndInsuranceEquitiesMember us-gaap:FairValueInputsLevel3Member us-gaap:NonredeemablePreferredStockMember pgr:InternalPricingMember 2019-03-31 0000080661 us-gaap:IndustrialMiscellaneousAndAllOthersMember us-gaap:FairValueInputsLevel3Member us-gaap:NonredeemablePreferredStockMember pgr:InternalPricingMember 2019-03-31 0000080661 us-gaap:FairValueInputsLevel3Member pgr:ThirdPartyPricingExemptionSecuritiesMember 2019-03-31 0000080661 us-gaap:FairValueInputsLevel3Member us-gaap:CommonStockMember pgr:InternalPricingMember 2019-12-31 0000080661 us-gaap:FairValueInputsLevel3Member us-gaap:NonredeemablePreferredStockMember pgr:InternalPricingMember 2019-12-31 0000080661 us-gaap:FairValueInputsLevel3Member us-gaap:FixedMaturitiesMember 2019-03-31 0000080661 us-gaap:FairValueInputsLevel3Member us-gaap:FixedMaturitiesMember 2019-12-31 0000080661 us-gaap:FairValueInputsLevel3Member us-gaap:CommonStockMember pgr:InternalPricingMember 2019-03-31 0000080661 pgr:SeniorNotesfourpointonetwofivepercentduetwentyfortysevenMember 2019-12-31 0000080661 pgr:SeniorNotesfourpointthreefivepercentdue2044Member 2019-03-31 0000080661 pgr:SeniorNotesThreePointSevenFivePercentDueTwentyTwentyOneMember 2019-03-31 0000080661 pgr:SeniorNotesSixPointSixTwoFivePercentDueTwentyTwentyNineMember 2020-03-31 0000080661 pgr:SeniorNotesfourpointthreefivepercentdue2044Member 2020-03-31 0000080661 pgr:SeniorNotesFourPointZeroZeroPercentDueTwentyTwentyNineMember 2019-03-31 0000080661 pgr:SeniorNotesTwoPointFourFivePercentDueTwentyTwentySevenMember 2019-12-31 0000080661 pgr:SeniorNotesfourpointonetwofivepercentduetwentyfortysevenMember 2019-03-31 0000080661 pgr:SeniorNotesThreePointTwoZeroPercentDueTwentyThirtyMember 2019-12-31 0000080661 pgr:SeniorNotesthreepointsevenzeropercentduetwentyfortyfiveMember 2020-03-31 0000080661 pgr:SeniorNotesthreepointsevenzeropercentduetwentyfortyfiveMember 2019-03-31 0000080661 pgr:SeniorNotesSixPointTwoFivePercentDueTwentyThirtyTwoMember 2020-03-31 0000080661 pgr:SeniorNotesFourPointTwoZeroPercentDueTwentyFortyEightMember 2019-12-31 0000080661 pgr:SeniorNotesFourPointTwoZeroPercentDueTwentyFortyEightMember 2020-03-31 0000080661 pgr:SeniorNotesfourpointonetwofivepercentduetwentyfortysevenMember 2020-03-31 0000080661 pgr:SeniorNotesThreePointSevenFivePercentDueTwentyTwentyOneMember 2020-03-31 0000080661 pgr:SeniorNotesSixPointTwoFivePercentDueTwentyThirtyTwoMember 2019-12-31 0000080661 pgr:SeniorNotesthreepointsevenzeropercentduetwentyfortyfiveMember 2019-12-31 0000080661 pgr:SeniorNotesTwoPointFourFivePercentDueTwentyTwentySevenMember 2019-03-31 0000080661 pgr:SeniorNotesTwoPointFourFivePercentDueTwentyTwentySevenMember 2020-03-31 0000080661 pgr:SeniorNotesFourPointZeroZeroPercentDueTwentyTwentyNineMember 2020-03-31 0000080661 pgr:SeniorNotesfourpointthreefivepercentdue2044Member 2019-12-31 0000080661 pgr:SeniorNotesFourPointTwoZeroPercentDueTwentyFortyEightMember 2019-03-31 0000080661 pgr:SeniorNotesSixPointTwoFivePercentDueTwentyThirtyTwoMember 2019-03-31 0000080661 pgr:SeniorNotesThreePointSevenFivePercentDueTwentyTwentyOneMember 2019-12-31 0000080661 pgr:SeniorNotesFourPointZeroZeroPercentDueTwentyTwentyNineMember 2019-12-31 0000080661 pgr:SeniorNotesThreePointNineFivePercentDueTwentyFiftyMember 2019-03-31 0000080661 pgr:SeniorNotesSixPointSixTwoFivePercentDueTwentyTwentyNineMember 2019-12-31 0000080661 pgr:SeniorNotesThreePointNineFivePercentDueTwentyFiftyMember 2020-03-31 0000080661 pgr:SeniorNotesThreePointTwoZeroPercentDueTwentyThirtyMember 2019-03-31 0000080661 pgr:SeniorNotesSixPointSixTwoFivePercentDueTwentyTwentyNineMember 2019-03-31 0000080661 pgr:SeniorNotesThreePointTwoZeroPercentDueTwentyThirtyMember 2020-03-31 0000080661 pgr:SeniorNotesThreePointNineFivePercentDueTwentyFiftyMember 2019-12-31 0000080661 pgr:DiscretionaryLineofCreditMember 2020-01-01 2020-03-31 0000080661 pgr:DiscretionaryLineofCreditMember 2020-03-31 0000080661 2020-03-01 2020-03-31 0000080661 pgr:DiscretionaryLineofCreditMember 2019-01-01 2019-12-31 0000080661 pgr:DiscretionaryLineofCreditMember us-gaap:SubsequentEventMember pgr:FederalFundsRateMember 2020-04-30 2020-04-30 0000080661 pgr:DiscretionaryLineofCreditMember pgr:FederalFundsRateMember 2020-01-01 2020-03-31 0000080661 pgr:CommercialLinesSegmentMember 2019-01-01 2019-03-31 0000080661 pgr:PersonalAutoMember pgr:PersonalLinesSegmentMember 2020-01-01 2020-03-31 0000080661 pgr:SpecialLinesMember pgr:PersonalLinesSegmentMember 2020-01-01 2020-03-31 0000080661 pgr:SpecialLinesMember pgr:PersonalLinesSegmentMember 2019-01-01 2019-03-31 0000080661 pgr:CommercialLinesSegmentMember 2020-01-01 2020-03-31 0000080661 us-gaap:ShortDurationInsuranceContractsAccidentYear2018Member 2020-03-31 0000080661 us-gaap:ShortDurationInsuranceContractsAccidentYear2017Member 2019-03-31 0000080661 pgr:PersonalAutoMember pgr:PersonalLinesSegmentMember 2019-01-01 2019-03-31 0000080661 us-gaap:ShortDurationInsuranceContractAccidentYear2019Member 2020-03-31 0000080661 us-gaap:ShortDurationInsuranceContractsAccidentYear2018Member 2019-03-31 0000080661 us-gaap:CashAndCashEquivalentsMember pgr:ARXHoldingCorp.Member 2019-12-31 0000080661 pgr:QuarterlydividendMember us-gaap:CommonStockMember 2020-03-31 0000080661 us-gaap:CashAndCashEquivalentsMember pgr:ARXHoldingCorp.Member 2020-03-31 0000080661 us-gaap:CashAndCashEquivalentsMember pgr:ARXHoldingCorp.Member 2019-03-31 0000080661 us-gaap:OperatingSegmentsMember pgr:UnderwritingOperationsMember pgr:PropertySegmentMember 2020-01-01 2020-03-31 0000080661 us-gaap:OperatingSegmentsMember pgr:UnderwritingOperationsMember pgr:PropertySegmentMember 2019-01-01 2019-03-31 0000080661 us-gaap:OperatingSegmentsMember pgr:UnderwritingOperationsMember pgr:PersonalLinesSegmentMember 2020-01-01 2020-03-31 0000080661 us-gaap:OperatingSegmentsMember pgr:UnderwritingOperationsMember 2020-01-01 2020-03-31 0000080661 pgr:UnderwritingOperationsMember pgr:PersonalLinesSegmentMember pgr:DirectChannelMember 2020-01-01 2020-03-31 0000080661 us-gaap:OperatingSegmentsMember pgr:UnderwritingOperationsMember 2019-01-01 2019-03-31 0000080661 us-gaap:OperatingSegmentsMember pgr:UnderwritingOperationsMember pgr:CommercialLinesSegmentMember 2020-01-01 2020-03-31 0000080661 pgr:UnderwritingOperationsMember pgr:PersonalLinesSegmentMember pgr:DirectChannelMember 2019-01-01 2019-03-31 0000080661 us-gaap:OperatingSegmentsMember pgr:UnderwritingOperationsMember pgr:PersonalLinesSegmentMember 2019-01-01 2019-03-31 0000080661 pgr:UnderwritingOperationsMember pgr:PersonalLinesSegmentMember pgr:AgencyChannelMember 2019-01-01 2019-03-31 0000080661 us-gaap:OperatingSegmentsMember pgr:UnderwritingOperationsMember pgr:CommercialLinesSegmentMember 2019-01-01 2019-03-31 0000080661 pgr:UnderwritingOperationsMember pgr:PersonalLinesSegmentMember pgr:AgencyChannelMember 2020-01-01 2020-03-31 0000080661 us-gaap:MaterialReconcilingItemsMember us-gaap:InvestmentIncomeMember 2019-01-01 2019-03-31 0000080661 us-gaap:MaterialReconcilingItemsMember pgr:NonInsuranceServiceBusinessMember 2019-01-01 2019-03-31 0000080661 us-gaap:MaterialReconcilingItemsMember us-gaap:InterestExpenseMember 2019-01-01 2019-03-31 0000080661 us-gaap:MaterialReconcilingItemsMember pgr:NonInsuranceServiceBusinessMember 2020-01-01 2020-03-31 0000080661 us-gaap:MaterialReconcilingItemsMember us-gaap:InvestmentIncomeMember 2020-01-01 2020-03-31 0000080661 us-gaap:MaterialReconcilingItemsMember pgr:FeesAndOtherRevenuesMember 2019-01-01 2019-03-31 0000080661 us-gaap:MaterialReconcilingItemsMember us-gaap:InterestExpenseMember 2020-01-01 2020-03-31 0000080661 us-gaap:MaterialReconcilingItemsMember pgr:FeesAndOtherRevenuesMember 2020-01-01 2020-03-31 0000080661 pgr:AnnualvariabledividendMember 2019-02-01 2019-02-28 0000080661 pgr:QuarterlydividendMember 2020-02-01 2020-02-29 0000080661 pgr:QuarterlydividendMember 2020-01-01 2020-01-31 0000080661 pgr:QuarterlydividendMember us-gaap:CommonStockMember 2019-03-31 0000080661 us-gaap:SeriesBPreferredStockMember 2020-02-29 0000080661 us-gaap:SeriesBPreferredStockMember 2020-01-01 2020-03-31 0000080661 pgr:AnnualvariabledividendMember us-gaap:CommonStockMember 2018-12-31 0000080661 pgr:QuarterlydividendMember 2019-04-01 2019-04-30 0000080661 pgr:AnnualvariabledividendMember 2020-01-01 2020-01-31 0000080661 us-gaap:SeriesBPreferredStockMember 2019-03-01 2019-03-31 0000080661 us-gaap:SeriesBPreferredStockMember 2019-02-28 0000080661 pgr:QuarterlydividendMember us-gaap:CommonStockMember 2019-12-31 0000080661 pgr:AnnualvariabledividendMember us-gaap:CommonStockMember 2019-12-31 0000080661 us-gaap:AccumulatedGainLossNetCashFlowHedgeParentMember 2020-01-01 2020-03-31 0000080661 us-gaap:NoncontrollingInterestMember 2019-12-31 0000080661 us-gaap:AccumulatedGainLossNetCashFlowHedgeParentMember 2019-12-31 0000080661 us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember 2019-12-31 0000080661 us-gaap:NoncontrollingInterestMember 2020-01-01 2020-03-31 0000080661 us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember 2020-01-01 2020-03-31 0000080661 us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember 2020-03-31 0000080661 us-gaap:NoncontrollingInterestMember 2020-03-31 0000080661 us-gaap:AccumulatedGainLossNetCashFlowHedgeParentMember 2020-03-31 0000080661 us-gaap:NoncontrollingInterestMember 2019-01-01 2019-03-31 0000080661 us-gaap:NoncontrollingInterestMember 2019-03-31 0000080661 us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember 2019-01-01 2019-03-31 0000080661 us-gaap:AccumulatedGainLossNetCashFlowHedgeParentMember 2019-01-01 2019-03-31 0000080661 us-gaap:AccumulatedGainLossNetCashFlowHedgeParentMember 2018-12-31 0000080661 us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember 2019-03-31 0000080661 us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember 2018-12-31 0000080661 us-gaap:NoncontrollingInterestMember 2018-12-31 0000080661 us-gaap:AccumulatedGainLossNetCashFlowHedgeParentMember 2019-03-31 0000080661 2019-01-01 2019-12-31 0000080661 us-gaap:ComputerSoftwareIntangibleAssetMember 2020-03-31 0000080661 pgr:FullyAmortizedMember us-gaap:ComputerSoftwareIntangibleAssetMember 2020-03-31 0000080661 us-gaap:LicensingAgreementsMember 2020-03-31 0000080661 us-gaap:FiniteLivedIntangibleAssetsMember 2020-03-31 0000080661 us-gaap:FiniteLivedIntangibleAssetsMember 2019-03-31 0000080661 us-gaap:FiniteLivedIntangibleAssetsMember 2019-12-31 0000080661 pgr:PoliciesinForceMember 2020-03-31 0000080661 pgr:AgencyRelationshipsMember 2019-12-31 0000080661 pgr:AgencyRelationshipsMember 2019-03-31 0000080661 pgr:AgencyRelationshipsMember 2020-03-31 0000080661 us-gaap:TradeNamesMember 2019-12-31 0000080661 pgr:PoliciesinForceMember 2019-12-31 0000080661 us-gaap:ComputerSoftwareIntangibleAssetMember 2019-12-31 0000080661 us-gaap:TradeNamesMember 2019-03-31 0000080661 pgr:PoliciesinForceMember 2019-03-31 0000080661 us-gaap:TradeNamesMember 2020-03-31 0000080661 us-gaap:ComputerSoftwareIntangibleAssetMember 2019-03-31 0000080661 us-gaap:LicensingAgreementsMember 2019-03-31 0000080661 us-gaap:LicensingAgreementsMember 2019-12-31 0000080661 us-gaap:SoftwareAndSoftwareDevelopmentCostsMember 2020-03-31 0000080661 us-gaap:SubsequentEventMember 2020-04-01 2020-05-31 0000080661 pgr:ARXHoldingCorp.Member us-gaap:SubsequentEventMember 2020-04-01 0000080661 pgr:ARXHoldingCorp.Member us-gaap:SubsequentEventMember 2020-04-01 2020-04-30 iso4217:USD iso4217:USD xbrli:shares pgr:security xbrli:shares xbrli:pure pgr:intangible_asset


 
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
 
FORM 10-Q
 
 
(Mark One)
Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
For the quarterly period ended March 31, 2020
or
Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
For the transition period from                     to                     
Commission File Number: 001-09518
 
 
THE PROGRESSIVE CORPORATION
(Exact name of registrant as specified in its charter)
 
Ohio
 
34-0963169
(State or other jurisdiction of
incorporation or organization)
 
(I.R.S. Employer
Identification No.)
 
 
 
 
 
6300 Wilson Mills Road,
Mayfield Village,
Ohio
 
44143
(Address of principal executive offices)
 
(Zip Code)
(440) 461-5000
(Registrant’s telephone number, including area code)

Not Applicable
(Former name, former address and former fiscal year, if changed since last report)
 
 
 
Securities registered pursuant to Section 12(b) of the Act:
Title of each class
Trading Symbol(s)
Name of each exchange on which registered
Common Shares, $1.00 Par Value
PGR
New York Stock Exchange

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.    Yes      No  
Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files).    Yes      No  
Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act.
Large accelerated filer
 
  
Accelerated filer
 
Non-accelerated filer
 
  
Smaller reporting company
 
 
 
 
 
Emerging growth company
 
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.
Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).    Yes      No  
Indicate the number of shares outstanding of each of the issuer’s classes of common stock, as of the latest practicable date.
Common Shares, $1.00 par value: 585,298,466 outstanding at March 31, 2020
 

1



PART I—FINANCIAL INFORMATION
Item 1. Financial Statements.
The Progressive Corporation and Subsidiaries
Consolidated Statements of Comprehensive Income
(unaudited)
Three Months Ended March 31,
2020

 
2019

(millions — except per share amounts)
 
 
 
Revenues
 
 
 
Net premiums earned
$
9,430.7

 
$
8,459.8

Investment income
241.2

 
252.9

Net realized gains (losses) on securities:
 
 
 
Net realized gains (losses) on security sales
315.2

 
46.1

Net holding period gains (losses) on securities
(868.8
)
 
392.7

Net impairment losses recognized in earnings
0

 
(24.3
)
Total net realized gains (losses) on securities
(553.6
)
 
414.5

Fees and other revenues
153.5

 
130.2

Service revenues
51.6

 
42.6

Total revenues
9,323.4

 
9,300.0

Expenses
 
 
 
Losses and loss adjustment expenses
6,155.2

 
5,759.0

Policy acquisition costs
782.8

 
710.6

Other underwriting expenses
1,409.9

 
1,171.2

Investment expenses
5.3

 
6.2

Service expenses
47.5

 
38.1

Interest expense
48.0

 
47.4

Total expenses
8,448.7

 
7,732.5

Net Income
 
 
 
Income before income taxes
874.7

 
1,567.5

Provision for income taxes
175.6

 
484.7

Net income
699.1

 
1,082.8

Net (income) loss attributable to noncontrolling interest (NCI)
(6.4
)
 
(4.4
)
Net income attributable to Progressive
692.7

 
1,078.4

Other Comprehensive Income (Loss)
 
 
 
Changes in:
 
 
 
Total net unrealized gains (losses) on fixed-maturity securities
62.8

 
301.1

Net unrealized losses on forecasted transactions
0.2

 
0.2

Other comprehensive income (loss)
63.0

 
301.3

Other comprehensive (income) loss attributable to NCI
(0.5
)
 
(2.3
)
Comprehensive income attributable to Progressive
$
755.2

 
$
1,377.4

Computation of Earnings Per Common Share
 
 
 
Net income attributable to Progressive
$
692.7

 
$
1,078.4

Less: Preferred share dividends
6.7

 
6.7

Net income available to common shareholders
$
686.0

 
$
1,071.7

Average common shares outstanding - Basic
584.7

 
583.5

Net effect of dilutive stock-based compensation
2.2

 
3.1

Total average equivalent common shares - Diluted
586.9

 
586.6

Basic: Earnings per common share
$
1.17

 
$
1.84

Diluted: Earnings per common share
$
1.17

 
$
1.83



See notes to consolidated financial statements.

2



The Progressive Corporation and Subsidiaries
Consolidated Balance Sheets
(unaudited)
 
March 31,
 
December 31,
(millions — except per share amount)
2020

 
2019

 
2019

Assets
 
 
 
 
 
Available-for-sale securities, at fair value:
 
 
 
 
 
Fixed maturities (amortized cost: $33,761.1, $27,574.5, and $32,643.1)
$
34,276.6

 
$
27,821.9

 
$
33,110.3

Short-term investments (amortized cost: $2,524.2, $2,584.7, and $1,798.8)
2,524.2

 
2,584.7

 
1,798.8

Total available-for-sale securities
36,800.8

 
30,406.6

 
34,909.1

Equity securities, at fair value:
 
 
 
 
 
Nonredeemable preferred stocks (cost: $1,017.5, $1,021.1, and $971.3)
933.4

 
1,095.4

 
1,038.9

Common equities (cost: $1,113.2, $1,194.3, and $1,125.5)
2,608.1

 
3,010.5

 
3,306.3

Total equity securities
3,541.5

 
4,105.9

 
4,345.2

Total investments
40,342.3

 
34,512.5

 
39,254.3

Cash and cash equivalents
369.5

 
158.0

 
226.2

Restricted cash
0.9

 
0.7

 
1.2

Total cash, cash equivalents, and restricted cash
370.4

 
158.7

 
227.4

Accrued investment income
171.6

 
172.1

 
181.3

Premiums receivable, net of allowance for doubtful accounts of $344.7, $236.9, and $283.2
7,568.3

 
7,189.8

 
7,507.3

Reinsurance recoverables
3,639.6

 
2,842.8

 
3,378.9

Prepaid reinsurance premiums
438.2

 
446.7

 
626.5

Deferred acquisition costs
1,095.8

 
999.1

 
1,056.5

Property and equipment, net of accumulated depreciation of $1,191.6, $1,064.9, and $1,138.1
1,215.1

 
1,127.3

 
1,213.7

Goodwill
452.7

 
452.7

 
452.7

Intangible assets, net of accumulated amortization of $328.5, $265.6, and $314.0
213.8

 
276.7

 
228.3

Net deferred income taxes
34.6

 
0

 
0

Other assets
722.8

 
671.9

 
768.4

Total assets
$
56,265.2

 
$
48,850.3

 
$
54,895.3

Liabilities
 
 
 
 
 
Unearned premiums
$
12,641.1

 
$
11,603.6

 
$
12,388.8

Loss and loss adjustment expense reserves
18,306.5

 
15,876.6

 
18,105.4

Net deferred income taxes
0

 
38.5

 
132.5

Accounts payable, accrued expenses, and other liabilities
5,346.5

 
4,594.3

 
5,962.7

Debt1
5,394.0

 
4,405.4

 
4,407.1

Total liabilities
41,688.1

 
36,518.4

 
40,996.5

Redeemable noncontrolling interest (NCI)2
225.6

 
221.2

 
225.6

Shareholders Equity
 
 
 
 
 
Serial Preferred Shares (authorized 20.0)
 
 
 
 
 
Serial Preferred Shares, Series B, no par value (cumulative, liquidation preference $1,000 per share) (authorized, issued, and outstanding 0.5)
493.9

 
493.9

 
493.9

Common shares, $1.00 par value (authorized 900.0; issued 797.5, including treasury shares of 212.2, 213.5, and 212.9)
585.3


584.0


584.6

Paid-in capital
1,601.9


1,496.6


1,573.4

Retained earnings
11,266.2


9,358.1


10,679.6

Accumulated other comprehensive income (loss):





Net unrealized gains (losses) on fixed-maturity securities
423.6

 
195.5

 
360.8

Net unrealized losses on forecasted transactions
(16.2
)
 
(17.0
)
 
(16.4
)
Accumulated other comprehensive (income) loss attributable to NCI
(3.2
)
 
(0.4
)
 
(2.7
)
Total accumulated other comprehensive income (loss) attributable to Progressive
404.2

 
178.1

 
341.7

Total shareholders’ equity
14,351.5

 
12,110.7

 
13,673.2

Total liabilities, redeemable NCI, and shareholders’ equity
$
56,265.2

 
$
48,850.3

 
$
54,895.3


1 Consists of long-term debt. See Note 4 – Debt for further discussion.
2 See Note 12 – Redeemable Noncontrolling Interest for further discussion.

See notes to consolidated financial statements.

3



The Progressive Corporation and Subsidiaries
Consolidated Statements of Changes in Shareholders’ Equity
(unaudited)
 
Three Months Ended March 31,
2020

 
2019

(millions — except per share amounts)
 
 
 
Serial Preferred Shares, No Par Value
 
 
 
Balance, beginning of period
$
493.9

 
$
493.9

Balance, end of period
493.9

 
493.9

Common Shares, $1.00 Par Value
 
 
 
Balance, beginning of period
584.6

 
583.2