10-K.Info (Beta Test)
Courtesy of Short Sands, LLC
10-K.Info (Beta Test)
Courtesy of Short Sands, LLC

PROGRESSIVE CORP/OH/

Ticker: PGR   Fiscal Year: 2013

Consolidated Balance Sheets

Period Ending Dec 31, 2013 10-K (Filed: Feb 26, 2014)

(In Thousands, except shares in actual)
 As ofAs of
 Dec 31, 2013Dec 31, 2012
Assets
Investments - Available-for-sale, at fair value:
Fixed maturities (amortized cost: $13,415.3 and $11,373.9)
$
13,540,400
11,774,100
Equity securities:
Nonredeemable preferred stocks (cost: $445.7 and $404.0)711,200812,400
Common equities (cost: $1,451.1 and $1,370.3)2,530,5001,899,000
Short-term investments (amortized cost: $1,272.6 and $1,990.0)1,272,6001,990,000
Total investments at fair value18,054,70016,475,500
 
Cash75,100179,100
Accrued investment income89,80090,000
Premiums receivable, net of allowance for doubtful accounts of $142.4 and $138.63,310,7003,183,700
Reinsurance recoverables, including $44.3 and $38.9 on paid losses and loss adjustment expenses1,090,200901,000
Prepaid reinsurance premiums74,90066,300
Deferred acquisition costs447,600434,500
Property and equipment, net of accumulated depreciation of $680.4 and $625.0960,900933,700
Net deferred income taxes0109,400
Other assets304,300321,500
Total assets24,408,20022,694,700
 
Liabilities and Shareholders' Equity
Unearned premiums5,174,5004,930,700
Loss and loss adjustment expense reserves8,479,7007,838,400
Net deferred income taxes28,4000
Dividends Payable890,200172,000
Accounts payable, accrued expenses, and other liabilities1,785,0001,683,500 [1]
Debt1,860,9002,063,100 [2]
Total liabilities18,218,70016,687,700
 
Common shares, $1.00 par value (authorized 900.0; issued 797.6 and 797.7, including treasury shares of 201.8 and 193.1)595,800604,600
Paid-in capital1,142,0001,077,000
Retained earnings3,500,0003,454,400
Accumulated other comprehensive income, net of tax:
Net non-credit related OTTI losses, adjusted for valuation changes0(300)
Other net unrealized gains (losses) on securities947,000863,000
Total net unrealized gains (losses) on securities947,000862,700
 
Net unrealized gains on forecasted transactions4,1006,100
Foreign currency translation adjustment6002,200
Total accumulated other comprehensive income951,700871,000
 
Total shareholders' equity6,189,5006,007,000
 
Total liabilities and shareholders' equity24,408,20022,694,700
 
[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 2013
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