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: 2012 | ||
Consolidated Balance Sheets | ||
Period Ending Dec 31, 2012 10-K (Filed: Feb 26, 2013) | ||
| (In Thousands, except shares in actual) | ||
| As of | As of | |
| Dec 31, 2012 | Dec 31, 2011 | |
| Assets | ||
| Investments - Available-for-sale, at fair value: | ||
| Fixed maturities (amortized cost: $11,373.9 and $11,455.7) | $ 11,774,100 | 11,759,300 |
| Equity securities: | ||
| Nonredeemable preferred stocks (cost: $404.0 and $473.7) | 812,400 | 806,300 |
| Common equities (cost: $1,370.3 and $1,431.0) | 1,899,000 | 1,845,600 |
| Short-term investments (amortized cost: $1,990.0 and $1,551.8) | 1,990,000 | 1,551,800 |
| Total investments at fair value | 16,475,500 | 15,963,000 |
| Cash | 179,100 | 155,700 |
| Accrued investment income | 90,000 | 105,700 |
| Premiums receivable, net of allowance for doubtful accounts of $138.6 and $124.2 | 3,183,700 | 2,929,800 |
| Reinsurance recoverables, including $38.9 and $32.3 on paid losses and loss adjustment expenses | 901,000 | 818,000 |
| Prepaid reinsurance premiums | 66,300 | 69,800 |
| Deferred acquisition costs | 434,500 | 433,600 |
| Net deferred income taxes | 109,400 | 196,000 |
| Property and equipment, net of accumulated depreciation of $625.0 and $573.8 | 933,700 | 911,300 |
| Other assets | 321,500 | 261,900 |
| Total assets | 22,694,700 | 21,844,800 |
| Liabilities and Shareholders' Equity | ||
| Unearned premiums | 4,930,700 | 4,579,400 |
| Loss and loss adjustment expense reserves | 7,838,400 | 7,245,800 |
| Accounts payable, accrued expenses, and other liabilities | 1,855,500 [1] | 1,770,800 |
| Debt | 2,063,100 [2] | 2,442,100 |
| Total liabilities | 16,687,700 | 16,038,100 |
| Common Shares, $1.00 par value (authorized 900.0; issued 797.7, including treasury shares of 193.1 and 184.7) | 604,600 | 613,000 |
| Paid-in capital | 1,077,000 | 1,006,200 |
| Retained earnings | 3,454,400 | 3,495,000 |
| Accumulated other comprehensive income, net of tax: | ||
| Net non-credit related OTTI losses, adjusted for valuation changes | (300) | (5,400) |
| Other net unrealized gains (losses) on securities | 863,000 | 688,200 |
| Total net unrealized gains (losses) on securities | 862,700 | 682,800 |
| Net unrealized gains on forecasted transactions | 6,100 | 7,900 |
| Foreign currency translation adjustment | 2,200 | 1,800 |
| Total accumulated other comprehensive income | 871,000 | 692,500 |
| Total shareholders' equity | 6,007,000 | 5,806,700 |
| Total liabilities and shareholders' equity | 22,694,700 | 21,844,800 |
| [1] See Note 12 - Litigation and Note 13 - Commitments and Contingencies for further discussion. | ||
| [2] Consists of both short- and long-term debt. See Note 4 - Debt for further discussion. | ||
| External Links | |
| PROGRESSIVE CORP/OH/ (PGR) Fiscal Year 2012 | |
| 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 |