Progressive Corporation (PGR) balance sheet
NYSE · Financial Services · Insurance - Property & Casualty · 70,053 employees · CEO Susan Patricia Griffith
- Price
- $231.28 +0.48%
- Market cap
- $134B
- Enterprise value
- $143B
- Last report
- Q3 '26 filed 2026-10-14
- Next report
- 2027-01-27
At the end of Q3 '26 Progressive Corporation (PGR) held $2.13B in cash and short-term investments against $8.39B of debt incl. leases. Total assets $128B, total liabilities $93.3B, shareholders' equity $34.5B.
Balance sheet
| Balance sheet | Trend | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 | Q3 '26 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||||||
| Cash & equivalents | $85M | $155M | $90.2M | $136M | $143M | $195M | $125M | $173M | $125M | $162M | $178M | $0 | |
| Short-term investments | $62.2B | $69B | $72.4B | $8.61B | $75.9B | $11.1B | $10.7B | $10.2B | $19.7B | $2.13B | $1.98B | $2.13B | |
| Receivables | $17.1B | $19.7B | $20B | $20B | $19.1B | $21.3B | $20.6B | $20.6B | $20.1B | $17.6B | $17.1B | $17.3B | |
| Other current assets | $0 | $0 | $0 | -$12.9B | -$72.3B | $63.9B | $69.3B | $0 | $13M | $182M | $15M | $0 | |
| Current assets | $79.6B | $90.9B | $94.7B | $16B | $23.3B | $96.7B | $101B | $31.2B | $40.2B | $20.1B | $19.5B | $19.5B | |
| Property, plant & equipment (net) | $881M | $756M | $714M | $689M | $790M | $854M | $820M | $790M | $783M | $792M | $922M | $0 | |
| Long-term investments | $66B | $0 | $0 | $79.4B | $80.3B | $83.7B | $78B | $94.5B | $77.7B | $91.9B | $95.2B | $97.1B | |
| Goodwill | $228M | $0 | $0 | $0 | $228M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Intangible assets | $1.69B | $0 | $0 | $2.03B | $1.96B | $2.07B | $2.11B | $2.16B | $2.04B | $0 | $2.21B | $2.3B | |
| Deferred tax assets | $936M | $1.03B | $1B | $0 | $0 | $0 | $0 | $0 | $748M | $742M | $681M | $0 | |
| Other non-current assets | -$60.6B | $1.46B | $1.51B | -$80.8B | -$804M | -$85.7B | -$80.1B | -$7.13B | $1.64B | $1.73B | $6.39B | $8.91B | |
| Non-current assets | $9.14B | $3.25B | $3.23B | $1.29B | $82.4B | $854M | $820M | $90.3B | $82.9B | $95.1B | $105B | $108B | |
| Total assets | $88.7B | $94.1B | $97.9B | $105B | $106B | $111B | $115B | $122B | $123B | $122B | $125B | $128B | |
| Liabilities | |||||||||||||
| Accounts payable | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $9.46B | $9.18B | $10.2B | |
| Taxes payable | $312M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Deferred revenue | $0 | $22.9B | $23.7B | $24.8B | $23.9B | $26.6B | $26.3B | $26.8B | $25.2B | $27.9B | $27.4B | $27.9B | |
| Other current liabilities | $0 | $34.8B | $36.6B | $38.1B | $39.1B | $39.8B | $41.2B | $42.1B | $43.3B | $44.4B | $45.6B | $46.8B | |
| Current liabilities | $0 | $57.7B | $60.3B | $62.8B | $62.9B | $66.4B | $67.5B | $68.9B | $68.5B | $81.8B | $82.2B | $84.9B | |
| Long-term debt | $6.89B | $6.89B | $6.89B | $6.89B | $6.89B | $6.89B | $6.9B | $6.9B | $6.9B | $8.39B | $8.39B | $8.39B | |
| Other non-current liabilities | $61.5B | $7.69B | $7.38B | $8.32B | $10.3B | $9.13B | $8.49B | $10.3B | $17.3B | $0 | $0 | $0 | |
| Non-current liabilities | $68.4B | $14.6B | $14.3B | $15.2B | $17.2B | $16B | $15.4B | $17.2B | $24.2B | $8.39B | $8.39B | $8.39B | |
| Total liabilities | $68.4B | $72.3B | $74.6B | $78B | $80.2B | $82.5B | $82.9B | $86.1B | $92.7B | $90.2B | $90.6B | $93.3B | |
| Equity | |||||||||||||
| Common stock & paid-in capital | $585M | $586M | $586M | $586M | $586M | $586M | $586M | $586M | $586M | $584M | $581M | $580M | |
| Retained earnings | $18.8B | $21B | $22.4B | $24.6B | $24.3B | $26.7B | $29.9B | $32.4B | $27.3B | $29.6B | $32.3B | $0 | |
| Accumulated other comprehensive income | -$1.62B | -$1.82B | -$1.72B | -$154M | -$1.42B | -$524M | -$95M | $189M | $103M | -$471M | -$847M | $0 | |
| Shareholders' equity | $20.3B | $21.8B | $23.3B | $27.2B | $25.6B | $29B | $32.6B | $35.4B | $30.3B | $32B | $34.3B | $34.5B | |
| Debt | |||||||||||||
| Total debt (incl. leases) | $6.89B | $6.89B | $6.89B | $6.89B | $6.89B | $6.89B | $6.9B | $6.9B | $6.9B | $8.39B | $8.39B | $8.39B | |
| Net debt (debt - cash) | $6.8B | $6.74B | $6.8B | $6.76B | $6.75B | $6.7B | $6.77B | $6.72B | $6.77B | $8.22B | $8.21B | $8.39B | |
| Balance sheet | Trend | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||||
| Cash & equivalents | $212M | $265M | $69.5M | $226M | $76.5M | $187M | $204M | $85M | $143M | $125M | |
| Short-term investments | $19.8B | $23.1B | $29.9B | $34.9B | $42B | $44.8B | $49.5B | $62.2B | $75.9B | $19.7B | |
| Receivables | $4.51B | $5.42B | $6.5B | $10.9B | $12.2B | $14.4B | $16.2B | $17.1B | $19.1B | $20.1B | |
| Other current assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$72.3B | $13M | |
| Current assets | $24.7B | $29B | $36.8B | $46.6B | $54.7B | $59.8B | $66.3B | $79.6B | $23.3B | $40.2B | |
| Property, plant & equipment (net) | $1.18B | $1.12B | $1.13B | $1.21B | $1.11B | $1.14B | $1.03B | $881M | $790M | $783M | |
| Long-term investments | -$19.8B | -$23.1B | -$29.9B | -$34.9B | -$42B | $51.5B | $53.5B | $66B | $80.3B | $77.7B | |
| Goodwill | $449M | $453M | $453M | $453M | $453M | $453M | $228M | $228M | $228M | $0 | |
| Intangible assets | $433M | $367M | $295M | $228M | $171M | $117M | $86.3M | $1.69B | $1.96B | $2.04B | |
| Deferred tax assets | $0 | $0 | $43.2M | $0 | $0 | $0 | $0 | $0 | $0 | $748M | |
| Other non-current assets | $26.5B | $30.9B | $37.8B | $41.3B | $49.7B | -$41.9B | -$45.7B | -$59.7B | -$804M | $1.64B | |
| Non-current assets | $8.72B | $9.74B | $9.79B | $8.26B | $9.44B | $11.3B | $9.2B | $9.14B | $82.4B | $82.9B | |
| Total assets | $33.4B | $38.7B | $46.6B | $54.9B | $64.1B | $71.1B | $75.5B | $88.7B | $106B | $123B | |
| Liabilities | |||||||||||
| Accounts payable | $2.5B | $3.48B | $5.05B | $4.62B | $4.96B | $6.07B | $5.53B | $0 | $0 | $0 | |
| Short-term debt | $0 | $3.27B | $499M | $499M | $0 | $0 | $0 | $0 | $0 | $0 | |
| Taxes payable | $41.2M | $23.8M | $16.8M | $224M | $164M | $0 | $10.9M | $312M | $0 | $0 | |
| Deferred revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $20.1B | $23.9B | $25.2B | |
| Other current liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $34.4B | $39.1B | $43.3B | |
| Current liabilities | $2.5B | $6.75B | $5.55B | $5.12B | $4.96B | $6.07B | $5.53B | $54.5B | $62.9B | $68.5B | |
| Long-term debt | $3.15B | $37.1M | $3.91B | $4.41B | $5.4B | $4.9B | $6.39B | $6.89B | $6.89B | $6.9B | |
| Deferred tax liabilities | $111M | $135M | $0 | $118M | $310M | $153M | $0 | $0 | $0 | $0 | |
| Other non-current liabilities | $19.7B | $22.5B | $26.3B | $31.6B | $36.4B | $41.8B | $47.7B | $7B | $10.3B | $17.3B | |
| Non-current liabilities | $23B | $22.7B | $30.2B | $36.1B | $42.1B | $46.8B | $54B | $13.9B | $17.2B | $24.2B | |
| Total liabilities | $25.5B | $29.4B | $35.8B | $41.2B | $47.1B | $52.9B | $59.6B | $68.4B | $80.2B | $92.7B | |
| Equity | |||||||||||
| Common stock & paid-in capital | $580M | $582M | $583M | $585M | $585M | $584M | $585M | $585M | $586M | $586M | |
| Retained earnings | $5.14B | $6.03B | $8.39B | $10.7B | $13.4B | $15.3B | $15.7B | $18.8B | $24.3B | $27.3B | |
| Accumulated other comprehensive income | $933M | $1.28B | -$121M | $342M | $932M | $40.7M | -$2.8B | -$1.62B | -$1.42B | $103M | |
| Shareholders' equity | $7.96B | $9.28B | $10.8B | $13.7B | $17B | $18.2B | $15.9B | $20.3B | $25.6B | $30.3B | |
| Debt | |||||||||||
| Total debt (incl. leases) | $3.15B | $3.31B | $4.4B | $4.91B | $5.4B | $4.9B | $6.39B | $6.89B | $6.89B | $6.9B | |
| Net debt (debt - cash) | $2.94B | $3.04B | $4.34B | $4.68B | $5.32B | $4.71B | $6.18B | $6.8B | $6.75B | $6.77B | |
Standardised by Financial Modeling Prep from the company's filings; outflows and costs keep the sign the provider reports. Hover a period for its end date. Amounts in USD.
Cash, investments and debt
quarter endsThe other statements
Sources
Statements, segment revenue, metrics, estimates: Financial Modeling Prep. Segment profits and every reported line: SEC EDGAR (XBRL). Filings read: 10-Q 2026-06-30, 10-Q 2026-03-31, 10-K 2025-12-31, 10-Q 2025-09-30, 10-Q 2025-06-30, 10-Q 2025-03-31, 10-K 2024-12-31, 10-Q 2024-09-30, 10-Q 2024-06-30
Data as of 2026-11-01