10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||||||||||||||
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10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||
PROGRESSIVE CORP/OH/ | ||
Ticker: PGR Fiscal Year: 2009 | ||
Statement of Financial Position, Unclassified | ||
Period Ending Dec 31, 2009 10-K (Filed: Mar 1, 2010) | ||
| (In Thousands, except shares in actual) | ||
| As of | As of | |
| Dec 31, 2009 | Dec 31, 2008 | |
| Assets | ||
| Investments - Available-for-sale, at fair value: | ||
| Fixed maturities (amortized cost: $11,717.0 and $10,295.3) | $ 11,563,400 | 9,946,700 |
| Equity securities: | ||
| Nonredeemable preferred stocks (cost: $665.4 and $1,131.3) | 1,255,800 | 1,150,000 |
| Common equities (cost: $598.4 and $553.6) | 816,200 | 727,800 |
| Short-term investments (amortized cost: $1,078.0 and $1,153.6) | 1,078,000 | 1,153,600 |
| Total investments | 14,713,400 | 12,978,100 |
| Cash | 160,700 | 2,900 |
| Accrued investment income | 110,400 | 125,700 |
| Premiums receivable, net of allowance for doubtful accounts of $116.4 and $113.7 | 2,454,800 | 2,408,600 |
| Reinsurance recoverables, including $35.4 and $44.0 on paid losses and loss adjustment expenses | 564,800 | 288,500 |
| Prepaid reinsurance premiums | 69,300 | 62,400 |
| Deferred acquisition costs | 402,200 | 414,000 |
| Income taxes | 416,700 | 821,600 |
| Property and equipment, net of accumulated depreciation of $595.8 and $653.6 | 961,300 | 997,100 |
| Other assets | 195,700 | 151,600 |
| Total assets | 20,049,300 | 18,250,500 |
| Liabilities and Shareholders' Equity | ||
| Unearned premiums | 4,172,900 | 4,175,900 |
| Loss and loss adjustment expense reserves | 6,653,000 | 6,177,400 |
| Accounts payable, accrued expenses, and other liabilities | 1,297,600 [1] | 1,506,400 |
| Debt | 2,177,200 | 2,175,500 |
| Total liabilities | 14,300,700 | 14,035,200 |
| Common Shares, $1.00 par value (authorized 900.0; issued 797.8 and 797.9, including treasury shares of 125.2 and 121.4) | 672,600 | 676,500 |
| Paid-in capital | 939,700 | 892,900 |
| Retained earnings | 3,683,100 | 2,697,800 |
| Accumulated other comprehensive income (loss): | ||
| Net unrealized gains (losses) on securities | 456,300 | (76,800) |
| Portion of OTTI losses recognized in other comprehensive income | (26,100) | 0 |
| Total net unrealized gains (losses) on securities | 430,200 | (76,800) |
| Net unrealized gains on forecasted transactions | 21,600 | 24,900 |
| Foreign currency translation adjustment | 1,400 | 0 |
| Total accumulated other comprehensive income (loss) | 453,200 | (51,900) |
| Total shareholders' equity | 5,748,600 | 4,215,300 |
| Total liabilities and shareholders' equity | 20,049,300 | 18,250,500 |
| [1] See Note 12 - Litigation and Note 13 - Commitments and Contingencies for further discussion. | ||
| External Links | |
| PROGRESSIVE CORP/OH/ (PGR) Fiscal Year 2009 | |
| Statements of 10-K in Excel | https://www.sec.gov/.../Financial.xlxs |
| Complete 10-K in HTML | https://www.sec.gov/.../10-K.html |
| Complete 10-K in XBRL | https://www.sec.gov/.../10-K-xbrl.zip |