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: 2010 | ||
Consolidated Balance Sheets | ||
Period Ending Dec 31, 2010 10-K (Filed: Mar 1, 2011) | ||
| (In Thousands, except shares in actual) | ||
| As of | As of | |
| Dec 31, 2010 | Dec 31, 2009 | |
| Assets | ||
| Investments - Available-for-sale, at fair value: | ||
| Fixed maturities (amortized cost: $11,630.8 and $11,717.0) | $ 11,850,000 | 11,563,400 |
| Equity securities: | ||
| Nonredeemable preferred stocks (cost: $601.3 and $665.4) | 1,157,600 | 1,255,800 |
| Common equities (cost: $1,021.7 and $598.4) | 1,425,000 | 816,200 |
| Short-term investments (amortized cost: $1,090.8 and $1,078.0) | 1,090,800 | 1,078,000 |
| Total investments | 15,523,400 | 14,713,400 |
| Cash | 158,900 | 160,700 |
| Accrued investment income | 109,300 | 110,400 |
| Premiums receivable, net of allowance for doubtful accounts of $114.9 and $116.4 | 2,738,400 | 2,454,800 |
| Reinsurance recoverables, including $37.4 and $35.4 on paid losses and loss adjustment expenses | 741,500 | 564,800 |
| Prepaid reinsurance premiums | 88,100 | 69,300 |
| Deferred acquisition costs | 417,200 | 402,200 |
| Income taxes | 189,000 | 416,700 |
| Property and equipment, net of accumulated depreciation of $564.3 and $595.8 | 932,600 | 961,300 |
| Other assets | 251,900 | 195,700 |
| Total assets | 21,150,300 | 20,049,300 |
| Liabilities and Shareholders' Equity | ||
| Unearned premiums | 4,353,800 | 4,172,900 |
| Loss and loss adjustment expense reserves | 7,071,000 | 6,653,000 |
| Accounts payable, accrued expenses, and other liabilities | 1,718,400 [1] | 1,297,600 |
| Debt | 1,958,200 | 2,177,200 |
| Total liabilities | 15,101,400 | 14,300,700 |
| Common Shares, $1.00 par value (authorized 900.0; issued 797.7 and 797.8, including treasury shares of 135.3 and 125.2) | 662,400 | 672,600 |
| Paid-in capital | 1,007,100 | 939,700 |
| Retained earnings | 3,595,700 | 3,683,100 |
| Accumulated other comprehensive income (loss), net of tax: | ||
| Net non-credit related OTTI losses, adjusted for valuation changes | (1,800) | (15,700) |
| Other net unrealized gains (losses) on securities | 769,100 | 445,900 |
| Total net unrealized gains (losses) on securities | 767,300 | 430,200 |
| Net unrealized gains on forecasted transactions | 14,700 | 21,600 |
| Foreign currency translation adjustment | 1,700 | 1,400 |
| Total accumulated other comprehensive income (loss) | 783,700 | 453,200 |
| Total shareholders' equity | 6,048,900 | 5,748,600 |
| Total Liabilities and Shareholders' Equity | 21,150,300 | 20,049,300 |
| [1] See Note 12 - Litigation and Note 13 - Commitments and Contingencies for further discussion. | ||
| External Links | |
| PROGRESSIVE CORP/OH/ (PGR) Fiscal Year 2010 | |
| 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 |