What is the 13F Pro Quality Score for PGR?

13F Pro ranks PROGRESSIVE CORP/OH/ (PGR) on the 13F Pro Quality Score, a 0–100 composite of 32 fundamental signals including return on invested capital, free cash flow consistency, balance-sheet strength, earnings quality, growth durability, and valuation discipline. The score refreshes after each 10-K and 10-Q filing on SEC EDGAR. View PGR's current score at https://13fpro.ai/company/PGR (free sign-up required for the full ranking).

Where does 13F Pro source PGR data?

All PROGRESSIVE CORP/OH/ fundamentals and ownership data come directly from SEC EDGAR. PROGRESSIVE CORP/OH/ files with the SEC under CIK 80661. 13F Pro ingests XBRL financial facts from 10-K and 10-Q filings, Form 13F-HR institutional holdings, and Form 4 insider transactions, with no third-party rewrites or estimates.

What sector is PGR in?

PROGRESSIVE CORP/OH/ (PGR) is classified in the Financials sector. 13F Pro publishes sector-level fund flow analysis and quality leaders at https://13fpro.ai/research/sector/financials.

What drives PGR's revenue?

Per PROGRESSIVE CORP/OH/'s latest 10-Q filed with the SEC on 2026-08-03, the biggest revenue drivers are: Net premiums earned ($21.6B, +6% YoY); Personal Lines ($18,880M, +8% YoY); Commercial Lines ($2,691M, -3% YoY). Figures are extracted from the filing text and machine-verified against the document. Full breakdown at https://13fpro.ai/company/PGR.

What are PGR's largest expenses?

PROGRESSIVE CORP/OH/'s latest 10-Q reports these as the largest expense items: Losses and loss adjustment expenses ($14,572M, loss/LAE ratio +0.6 pts YoY to 67.4%); Other underwriting expenses ($3,009M); Policy acquisition costs ($1,567M). Sourced directly from SEC EDGAR filing text for Q2 2026 (quarter ended June 30, 2026).

How often is PGR research updated on 13F Pro?

PGR's fundamentals refresh within hours of each new 10-K or 10-Q filing on SEC EDGAR. Institutional ownership updates after each quarterly 13F filing window. Insider transactions update after each Form 4 filing. The 13F Pro Quality Score recalculates after every fundamentals refresh.

PROGRESSIVE CORP/OH/(PGR)Stock Analysis

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SEC EDGAR: CIK 80661 PGR stock profile & AI dashboard →

13F Pro Quality Score

80.1/100

Rank #27 of 2,961 stocksTOP 1%

View Financials peers →

Rankings refresh quarterly once 80% of peers have filed (~45 days after quarter-end). Next update: ~Nov 14, 2026.

Revenue Growth

75.8/100

Profitability

69.7/100

Balance Sheet

84.8/100

Earnings Quality

62.8/100

Free Cash Flow

69.4/100

Institutional Flow

50.5/100

Revenue Scale

98.5/100

Dilution Risk

86.7/100

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Why PGR Scores 80/100

exact factor attribution · 2026-09-11

PGR's composite is driven by scale and revenue growth. Bars show each factor's exact push vs. a median company, using the same weights the ranking engine applies.

Scale

+9.7 pts

99th pct

Revenue growth

+6.9 pts

76th pct

Capital efficiency

+4.6 pts

85th pct

Profitability

+3.9 pts

70th pct

Free cash flow

+2.9 pts

69th pct

Earnings growth

+2.5 pts

87th pct

Shareholder dilution

+2.5 pts

87th pct

Earnings quality

+1.3 pts

63th pct

Institutional flow

+0.0 pts

51th pct

Latest change (2026-08-03): 84 → 78 · ↓ Revenue growth 79→60; ↓ Earnings growth 88→74

Factor percentiles are cross-sectional ranks across the ~2,800-stock scored universe, computed from SEC EDGAR filings. Not investment advice.

PGR Stock Analysis & AI Quality Score

Data updated 2026-09-11

AI stock analysis and institutional research for PROGRESSIVE CORP/OH/ (PGR), a Financials sector company. 13F Pro's AI-powered ranking engine scores PGR at 80.1/100 on a 32-signal composite quality model, placing it at rank #27 of 2,961 stocks — the top 1% of the AI-ranked universe. PGR scores in the top quartile across revenue scale (98.5), balance sheet strength (84.8), revenue growth (75.8). Based on the latest XBRL financial filings (Q2 2026), PROGRESSIVE CORP/OH/ reports quarterly revenue of $23.6B, net income of $3.3B, an operating margin of 17.8%. Top institutional holders of PGR by reported 13-F value include BlackRock, VANGUARD CAPITAL MANAGEMENT, Capital Research Global Investors, based on the most recent SEC filings. PGR trades on the NYSE exchange and files with the SEC under CIK 80661. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate PGR daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for PROGRESSIVE CORP/OH/ directly from SEC EDGAR. PROGRESSIVE CORP/OH/'s 13F Pro composite quality score has ranged between 50 and 85 since 2021, currently 80.1 — a stable long-term trajectory across 68 quarterly and live scoring snapshots.

✦

Fun facts about PROGRESSIVE CORP/OH/

Quirks, history, and lore behind PGR — the kind of stuff that makes a stock memorable.

1
The Basics
U.S. financial services company · large-cap · listed on the NYSE · headquartered in Ohio.
2
The Numbers
Annual premiums written exceed $60 billion, making it one of the largest auto insurers in the United States — it has tens of millions of active policies.
3
The History
Founded in 1937, it pioneered the idea of insuring high-risk drivers that other carriers wouldn't touch, turning rejection into a business model.
4
The Secret
It was one of the first insurers to embrace usage-based telematics, putting a little device in your car to prove you're not the maniac your zip code suggests you are.
5
The Lore
Its Snapshot program and aggressive TV ad spending — featuring a certain perky sales rep in a white apron — turned insurance into something weirdly binge-watchable.
6
The Giveaway
Meet Flo, the cheerful spokesperson who's been selling car insurance since 2008 from a fictional white box store — this company's name literally means forward motion.

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What's Driving PGR's Business? Latest 10-Q Breakdown

✓ 27/27 datapoints verified

AI-extracted from PROGRESSIVE CORP/OH/'s 10-Q filed 2026-08-03 — Q2 2026 (quarter ended June 30, 2026). Every figure is machine-verified against the filing text on SEC EDGAR.

Total revenues rose to $23.6B and net income to $3.3B, but the companywide underwriting margin fell to 12.7% from 13.8% on higher severity and advertising.

Biggest Revenue Drivers

Net premiums earned$21.6B+6% YoY

Policies in force grew 7% year over year, surpassing 40 million, with 0.5 million added during the quarter.

Investment income$979M+12% YoY

Increase primarily reflects growth in invested assets.

Biggest Revenue Drivers

Total revenue: $23.6B

Net premiums earned$21.6B+6% YoY

Policies in force grew 7% year over year, surpassing 40 million, with 0.5 million added during the quarter.

Within Net premiums earned

Personal Lines$18,880M+8% YoY

Growth driven by personal auto policies in force, up 9% versus June 30, 2025.

Commercial Lines$2,691M-3% YoY

Shift to business market targets with lower average written premiums and more 6-month term policies.

Investment income$979M+12% YoY

Increase primarily reflects growth in invested assets.

Net realized gains on securities$604M

Driven by $588M of net holding period gains, mostly on equity securities.

Largest Expense Items

Losses and loss adjustment expenses$14,572Mloss/LAE ratio +0.6 pts YoY to 67.4%

Higher severity, partially offset by $551M of favorable prior accident years reserve development.

Other underwriting expenses$3,009M

Includes employee compensation and a $230M increase in the premiums receivable credit loss allowance.

Policy acquisition costs$1,567M

Advertising spend was $1.4 billion, 16% higher than the second quarter last year.

Interest expense$88M

Reflects $1.5 billion of senior notes issued in March 2026.

Margins: Companywide underwriting margin was 12.7%, down 1.1 points, from a 0.6 point higher loss/LAE ratio on severity and a 0.5 point higher expense ratio on advertising. Personal Lines fell to 12.4% from 14.0%; Commercial Lines rose to 14.7%.

Watch Items from the Filing

Personal auto bodily injury severity rose 7% in the quarter on higher medical costs, more large losses, and a higher rate of attorney-represented claims.
Favorable prior-year reserve development of $551M benefited the combined ratio by 2.6 points, versus 1.6 points a year ago.
Trailing 12-month personal auto policy life expectancy fell 8% and personal property 8%, attributed to increased shopping and competition.
Certified class actions in Colorado, North Carolina, and Ohio over total-loss negotiation adjustments; losses reasonably possible but not estimable, and could be material in aggregate.
Catastrophe losses were $773M, 3.6 points of the combined ratio, versus $707M and 3.5 points a year ago.

AI-extracted and verified against SEC EDGAR filing text. Not investment advice.

Read the full 10-Q on SEC EDGAR →Share on X

Revenue

Q2 2026

$23.6B

Net Income

Q2 2026

$3.3B

Free Cash Flow

Q2 2026

$3.5B

Operating Margin

Q2 2026

17.8%

ROIC

Q2 2026

39.4%

D/E Ratio

Q2 2026

0.24

Period

Revenue & Net Income

Earnings Per Share

Key Financials Over Time

Export Financial Table · Pro

Revenue

+16.3% YoY

$87.67BFY 2025

FY22 $49.61BFY23 $62.11BFY24 $75.37BFY25 $87.67B

Net Income

+33.3% YoY

$11.31BFY 2025

FY22 $722.0MFY23 $3.90BFY24 $8.48BFY25 $11.31B

EPS (Diluted)

+33.5% YoY

$19.23FY 2025

FY22 $1.18FY23 $6.58FY24 $14.40FY25 $19.23

Total Assets

+16.4% YoY

$123.04BFY 2025

FY22 $75.47BFY23 $88.69BFY24 $105.75BFY25 $123.04B

Total Debt

+0.1% YoY

$6.90BFY 2025

FY22 $6.39BFY23 $6.89BFY24 $6.89BFY25 $6.90B

Op. Cash Flow

+16.1% YoY

$17.55BFY 2025

FY22 $6.85BFY23 $10.64BFY24 $15.12BFY25 $17.55B

Free Cash Flow

+15.9% YoY

$17.20BFY 2025

FY22 $6.56BFY23 $10.39BFY24 $14.83BFY25 $17.20B

Metric	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Revenue	$87.67B +16.3%	$75.37B +21.4%	$62.11B +25.2%	$49.61B +4.0%	$47.70B +11.8%	$42.66B
Net Income	$11.31B +33.3%	$8.48B +117.3%	$3.90B +440.6%	$722.0M -78.5%	$3.35B -41.3%	$5.70B
EPS (Diluted)	$19.23 +33.5%	$14.40 +118.8%	$6.58 +457.6%	$1.18 -79.2%	$5.66 -41.4%	$9.66
Total Assets	$123.04B +16.4%	$105.75B +19.2%	$88.69B +17.5%	$75.47B +6.1%	$71.13B +11.0%	$64.10B
Total Debt	$6.90B +0.1%	$6.89B +0.1%	$6.89B +7.8%	$6.39B +30.4%	$4.90B -9.2%	$5.40B
Operating Cash Flow	$17.55B +16.1%	$15.12B +42.1%	$10.64B +55.4%	$6.85B -11.8%	$7.76B +12.4%	$6.91B
Free Cash Flow	$17.20B +15.9%	$14.83B +42.8%	$10.39B +58.5%	$6.56B -12.8%	$7.52B +12.5%	$6.68B

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Available Research

13F Pro tracks comprehensive data for PROGRESSIVE CORP/OH/ including:

SEC EDGAR filings (10-K, 10-Q, 8-K)

XBRL financial facts (revenue, EPS, margins)

Insider transactions (Form 4)

Institutional 13F holdings

Quality rankings (32 signals)

AI analyst debates & daily meetings

Historical financial trends

Peer comparison & sector analysis

Top Institutional Holders of PGR

BlackRock, Inc.
$10.5B48,048,848 sh
VANGUARD CAPITAL MANAGEMENT LLC
$8.3B38,148,192 sh
Capital Research Global Investors
$5.8B26,549,107 sh
STATE STREET CORP
$5.8B26,526,959 sh
GEODE CAPITAL MANAGEMENT, LLC
$3.7B17,009,978 sh
Capital World Investors
$2.7B12,490,946 sh
BANK OF AMERICA CORP /DE/
$2.7B12,278,975 sh
VANGUARD PORTFOLIO MANAGEMENT LLC
$2.6B11,686,468 sh
FMR LLC
$2.4B11,213,445 sh
JPMORGAN CHASE & CO
$2.3B10,295,927 sh

Fund	Value	Shares
BlackRock, Inc.	$10.5B	48,048,848
VANGUARD CAPITAL MANAGEMENT LLC	$8.3B	38,148,192
Capital Research Global Investors	$5.8B	26,549,107
STATE STREET CORP	$5.8B	26,526,959
GEODE CAPITAL MANAGEMENT, LLC	$3.7B	17,009,978
Capital World Investors	$2.7B	12,490,946
BANK OF AMERICA CORP /DE/	$2.7B	12,278,975
VANGUARD PORTFOLIO MANAGEMENT LLC	$2.6B	11,686,468
FMR LLC	$2.4B	11,213,445
JPMORGAN CHASE & CO	$2.3B	10,295,927

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Is PGR a good stock to buy?

13F Pro's AI-powered analysis of PROGRESSIVE CORP/OH/ (PGR) draws on SEC EDGAR-sourced fundamentals, institutional 13F holdings, and insider Form 4 transactions in the Financials sector (listed on NYSE). The 32-signal AI Quality Score, current rank, and full bull/bear verdict for PGR are available on the PGR stock profile dashboard — with the same data, AI insights, ratios, and institutional activity refreshed after every 10-K, 10-Q, 13F, and Form 4 filing. PGR is classified as a large company.

Which hedge funds own PGR?

Institutional investors are required to disclose their holdings quarterly via SEC Form 13F. 13F Pro aggregates these filings to show which hedge funds, mutual funds, and asset managers are buying or selling PGR. Combined with insider transaction data from Form 4 filings and AI-powered analysis from 10 specialized research agents, 13F Pro provides a comprehensive view of PROGRESSIVE CORP/OH/'s investment landscape.