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PROGRESSIVE CORP/OH/

Fire, Marine & Casualty Insurance · OH · CIK 80661

Progressive writes personal and commercial auto, residential property, and specialty vehicle insurance, plus related business insurance

red 8-K · 90d🔥 High media attention
$118.51B
Market cap
$219.86
Last close
-2.0%
1D
+6.0%
5D
3.6M
Volume
Price · last 39 sessions+10.3%
May 4L $190.40 · H $224.34Jun 29
108
Total filings
Jun 17, 2026
Last filing
12/31
Fiscal year end

Insider Activity

In the 90 days to Mar 20, 2026: 5 sold $2.4M.

DateInsiderActionSharesPriceValue
Mar 20, 2026Joyce Carl GChief Accounting OfficerSell270$206.50$56K
Mar 5, 2026Bailo KarenCommercial Lines PresidentSell3,517$212.00$746K
Mar 5, 2026Joyce Carl GChief Accounting OfficerSell141$212.00$30K
Feb 24, 2026Pumarejo MaribelChief Marketing OficerSell739$203.25$150K
Feb 23, 2026Bauer Jonathan S.Chief Investment OfficerSell2,266$203.05$460K
Jan 21, 2026Bauer Jonathan S.Chief Investment OfficerSell3,105$204.35$635K
Jan 21, 2026Quigg Andrew JChief Strategy OfficerSell1,649$204.35$337K
Dec 19, 2025Broz StevenChief Information OfficerSell1,344$224.80$302K
Nov 28, 2025Sauerland John PVP and Chief Financial OfficerSell5,000$228.48$1.1M
Nov 21, 2025Broz StevenChief Information OfficerSell1,345$228.29$307K
Nov 11, 2025Broz StevenChief Information OfficerSell1,345$220.00$296K

Open-market buys & sells (Form 4, transaction codes P/S). Source: SEC structured insider data.

What Changed

Risk factors · Mar 3, 2025Mar 2, 2026

10 added · 7 removed between the two most recent 10-Ks. The risks a company starts — or stops — disclosing are often the story.

Newly disclosed
  • Moreover, inconsistencies in requirements among the various states, or between state and federal requirements, or changes in regulatory priorities or funding, may further complicate our compliance efforts, potentially damage our reputation in the marketplace or our brand, potentially resulting in additional costs for us or impacting our ability to participate in certain government funded programs, such as the National Flood Insurance Program.
  • In addition, laws in certain jurisdictions mandate that insurance companies pay assessments in a number of circumstances, including potentially material assessments to pay claims upon the insolvency of other insurance companies or to cover losses in government-provided insurance programs for high-risk auto and homeowners’ coverages.
  • In such cases, we would be selling products or services that are new to us, while our competitors could include large, well-financed companies with significant product and marketing experience in such businesses.
  • Historically, the auto and property insurance markets have been described as cyclical, with periods of relatively strong profitability being followed by increased pricing competition among insurers.
  • Consolidations and strategic relationships in the independent agent channel in our Personal Lines business have increased competition and could continue to do so.
  • For additional discussion of statutory profit limits, see Management’s Discussion and Analysis of Financial Condition and Results of Operations – II.
  • We undertake substantial efforts and expend significant resources to protect our systems and sensitive or confidential data and information.
  • Our success depends on our ability to innovate effectively and respond to our competitors’ initiatives.
  • Intellectual property rights could affect our competitiveness and our business operations.
  • We use third-party labor to meet a portion of our staffing needs.
No longer disclosed
  • We have discussed the associated risks and impacts of COVID-19 in our SEC filings beginning with its onset in 2020.
  • Our development and use of new technology, such as generative artificial intelligence, may present additional risks, may not be successful, and could have a material adverse effect on our business .
  • Beginning with its emergence in 2020, COVID-19 increased many of the risks described above and impacted our business, operations, and financial results in several ways.
  • In such cases, we would be selling products or services that are new to us, while our competitors could include large, well-financed companies with significant product and marketing experience in such businesses. - 20 - Historically, the auto and property insurance markets have been described as cyclical, with periods of relatively strong profitability being followed by increased pricing competition among insurers.
  • Moreover, inconsistencies in requirements among the various states, or between state and federal requirements, or changes in regulatory priorities, may further complicate our compliance efforts, potentially resulting in additional costs for us. - 21 - In addition, laws in certain jurisdictions mandate that insurance companies pay assessments in a number of circumstances, including potentially material assessments to pay claims upon the insolvency of other insurance companies or to cover losses in government-provided insurance programs for high-risk auto and homeowners’ coverages.
  • Our systems are being threatened on a regular basis and our efforts may be insufficient to prevent or defend against an attack.
  • We believe that the existing risks and impacts of COVID-19 are not currently material to our business.

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