The Progressive Corporation
CH ˙ SWX ˙ US7433151039
SecurityCH:PGR / The Progressive Corporation
InstitutionJanus Henderson Group Plc
Latest Disclosed Ownership4,731,581 shares
Latest Disclosed Value $ 937,960,023
Janus Henderson Group Plc reports 13.14% decrease in ownership of PGR / The Progressive Corporation

On May 18, 2026 - Janus Henderson Group Plc filed a 13F-HR/A form disclosing ownership of 4,731,581 shares of The Progressive Corporation (CH:PGR) valued at $937,960,023 USD as of March 31, 2026. The entity filed a previous 13F-HR on February 17, 2026 disclosing 5,447,267 shares of The Progressive Corporation. This represents a change in shares of -13.14% during the quarter.

Institutional Ownership: 13F and NPORT Filings

The Security and Class in the table below are shown exactly as filed by the investor. We do our best to track continuity of investments through acquisitions, and this will be reflected in the table as changes in names. In addition to descriptive data, performance of the investment is shown over time. To calculate quarterly performance, we first calculate cost basis of the shares purchased during the quarter, then use that to calculate gross profit. Quarterly return is Gross Profit / Starting Portfolio value.

Note that cost basis is calculated and stored in thousands, so small quarterly changes in shares frequently result in a cost basis of zero.

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Disclosed Equity Positions (from 13F/NPORT Filings)
File
Date		 Effective
Date		Form Security Class ID Avg Price
Paid (Est)		 Reported
Shares		 ΔShares ΔShares
(%)		 Reported
Value
(x1000)		 ΔValue
(%)		 Alloc
(%)		 ΔAlloc ΔAlloc (%) Cost Basis
(x1000)		 Unrealized
Gain/Loss
(x1000)
2026-05-18 2026-03-31 13F/A-1 PROGRESSIVE COM 743315103 4,731,581 -715,686 -13.14 937,960 -24.38 0.1581
2026-05-15 2026-03-31 13F PROGRESSIVE COM 743315103 4,731,581 -715,686 -13.14 937,960 -24.38 0.1740
2026-02-17 2025-12-31 13F PROGRESSIVE COM 743315103 5,447,267 403,240 7.99 1,240,376 -0.42 0.5555
2025-11-14 2025-09-30 13F PROGRESSIVE COM 743315103 5,044,027 884,080 21.25 1,245,597 12.20 0.5687
2025-08-14 2025-06-30 13F PROGRESSIVE COM 743315103 4,159,947 -2,135,476 -33.92 1,110,119 -36.77 0.5441
2025-05-15 2025-03-31 13F PROGRESSIVE COM 743315103 6,295,423 -718,400 -10.24 1,755,705 4.46 0.9624
2025-02-14 2024-12-31 13F PROGRESSIVE COM 743315103 7,013,823 -158,850 -2.21 1,680,776 -7.65 0.8543
2024-11-14 2024-09-30 13F PROGRESSIVE COM 743315103 7,172,673 -667,261 -8.51 1,820,095 11.76 0.9316
2024-08-14 2024-06-30 13F PROGRESSIVE COM 743315103 7,839,934 -912,632 -10.43 1,628,599 -10.03 0.8721
2024-05-15 2024-03-31 13F PROGRESSIVE COM 743315103 8,752,566 -196,664 -2.20 1,810,141 26.98 0.9874
2024-02-14 2023-12-31 13F PROGRESSIVE COM 743315103 8,949,230 -47,992 -0.53 1,425,516 13.74 0.8502
2023-11-14 2023-09-30 13F PROGRESSIVE COM 743315103 8,997,222 -52,043 -0.58 1,253,329 4.63 0.8208
2023-08-14 2023-06-30 13F PROGRESSIVE COM 743315103 9,049,265 3,244,062 55.88 1,197,857 44.24 0.7450
2023-05-15 2023-03-31 13F PROGRESSIVE COM 743315103 5,805,203 118,566 2.08 830,453 12.58 0.5476
2023-02-14 2022-12-31 13F PROGRESSIVE COM 743315103 5,686,637 325,700 6.08 737,641 18.38 0.5269
2023-01-13 2022-09-30 13F/A-1 PROGRESSIVE COM 743315103 5,360,937 -300,023 -5.30 623,097 -5.34 0.4668
2022-11-14 2022-09-30 13F PROGRESSIVE COM 743315103 5,360,937 -300,023 623,097 0.4665
2022-08-15 2022-06-30 13F PROGRESSIVE COM 743315103 5,660,960 -1,453,198 -20.43 658,259 -18.83 0.4539
2022-05-16 2022-03-31 13F PROGRESSIVE COM 743315103 7,114,158 -352,946 -4.73 810,972 5.80 0.3916
2022-02-14 2021-12-31 13F PROGRESSIVE COM 743315103 7,467,104 -586,403 -7.28 766,523 5.30 0.3197
2021-11-16 2021-09-30 13F PROGRESSIVE COM 743315103 8,053,507 -667,376 -7.65 727,936 -15.01 0.3184
2021-08-16 2021-06-30 13F PROGRESSIVE COM 743315103 8,720,883 -630,347 -6.74 856,474 -4.21 0.3666
2021-05-17 2021-03-31 13F PROGRESSIVE COM 743315103 9,351,230 -2,459,390 -20.82 894,075 -23.44 0.4082
2021-02-16 2020-12-31 13F PROGRESSIVE COM 743315103 11,810,620 483,708 4.27 1,167,790 8.90 0.5426
2020-11-16 2020-09-30 13F PROGRESSIVE COM 743315103 11,326,912 82,668 0.74 1,072,315 19.05 0.5591
2020-08-14 2020-06-30 13F PROGRESSIVE CORP OHIO COM 743315103 11,244,244 799,843 7.66 900,749 16.79 0.5056
2020-05-14 2020-03-31 13F PROGRESSIVE CORP OHIO COM 743315103 10,444,401 -1,657,742 -13.70 771,241 -11.97 0.5308
2020-02-18 2019-12-31 13F PROGRESSIVE CORP OHIO COM 743315103 12,102,143 -35,257 -0.29 876,063 -6.57 0.4485
2019-11-14 2019-09-30 13F PROGRESSIVE CORP OHIO COM 743315103 12,137,400 1,129,798 10.26 937,618 6.57 0.5079
2019-07-31 2019-06-30 13F PROGRESSIVE CORP OHIO COM 743315103 11,007,602 -2,139,454 -16.27 879,851 -7.17 0.4791
2019-04-30 2019-03-31 13F PROGRESSIVE CORP OHIO COM 743315103 13,147,056 374,526 2.93 947,787 23.00 0.5253
2019-02-06 2018-12-31 13F PROGRESSIVE CORP OHIO COM 743315103 12,772,530 315,147 2.53 770,570 -12.93 0.4914
2018-11-09 2018-09-30 13F PROGRESSIVE CORP OHIO COM 743315103 12,457,383 361,810 2.99 884,970 23.69 0.4729
2018-08-10 2018-06-30 13F PROGRESSIVE CORP OHIO COM 743315103 12,095,573 1,122,013 10.22 715,456 7.01 0.4078
2018-05-14 2018-03-31 13F PROGRESSIVE CORP OHIO COM 743315103 10,973,560 936,852 9.33 668,610 18.28 0.3940
2018-03-12 2017-12-31 13F/A-1 PROGRESSIVE CORP OHIO COM 743315103 10,036,708 975,409 10.76 565,270 28.84 0.3481
2018-02-09 2017-12-31 13F PROGRESSIVE CORP OHIO COM 743315103 10,036,708 975,409 565,270
2017-11-14 2017-09-30 13F PROGRESSIVE CORP OHIO COM 743315103 9,061,299 2,588,522 39.99 438,742 53.74 0.2812
2017-08-17 2017-06-30 13F/A-1 PROGRESSIVE CORP OHIO COM 743315103 6,472,777 6,401,640 8,999.03 285,384 10,143.50 0.1945
2017-08-14 2017-06-30 13F PROGRESSIVE CORP OHIO COM 743315103 6,472,777 6,401,640 285,384
2017-05-03 2017-03-31 13F PROGRESSIVE CORP OHIO COM 743315103 71,137 -2,960 -3.99 2,786 5.85 0.0196
2017-01-30 2016-12-31 13F PROGRESSIVE CORP OHIO COM 743315103 74,097 7,800 11.77 2,632 26.05 0.0194
2016-10-24 2016-09-30 13F PROGRESSIVE CORP OHIO COM 743315103 66,297 0 0.00 2,088 -5.99 0.0154
2016-07-29 2016-06-30 13F PROGRESSIVE CORP OHIO COM 743315103 66,297 -22,659 -25.47 2,221 -28.93 0.0185
2016-05-12 2016-03-31 13F PROGRESSIVE CORP OHIO COM 743315103 88,956 26,977 43.53 3,125 58.55 0.0253
2016-02-03 2015-12-31 13F PROGRESSIVE CORP OHIO COM 743315103 61,979 0 0.00 1,971 3.79 0.0158
2015-11-16 2015-09-30 13F PROGRESSIVE CORP OHIO COM 743315103 61,979 0 0.00 1,899 10.09 0.0167
2015-08-17 2015-06-30 13F PROGRESSIVE CORP OHIO COM 743315103 61,979 0 0.00 1,725 2.31 0.0136
2015-06-02 2015-03-31 13F/A-1 PROGRESSIVE CORP OHIO COM 743315103 61,979 -21,253 -25.53 1,686 -24.90 0.0130
2015-05-15 2015-03-31 13F PROGRESSIVE CORP OHIO COM 743315103 61,979 1,686
2015-02-12 2014-12-31 13F PROGRESSIVE CORP OHIO COM 743315103 83,232 -14,050 -14.44 2,245 -8.74 0.0162
2014-11-12 2014-09-30 13F PROGRESSIVE CORP OHIO COM 743315103 97,282 0 0.00 2,460 -0.28 0.0231
2014-08-13 2014-06-30 13F PROGRESSIVE CORP OHIO COM 743315103 97,282 0 0.00 2,467 4.67 0.0230
2014-05-08 2014-03-31 13F PROGRESSIVE CORP OHIO COM 743315103 97,282 20,950 27.45 2,357 13.26 0.0229
2014-01-14 2013-12-31 13F PROGRESSIVE CORP OHIO COM 743315103 76,332 0 0.00 2,081 0.05 0.0210
2013-11-12 2013-09-30 13F PROGRESSIVE CORP OHIO COM 743315103 76,332 1,252 1.67 2,080 8.28 0.0229
2013-08-15 2013-06-30 13F PROGRESSIVE CORP OHIO COM 743315103 75,080 75,080 1,921 0.0225
Legend
Shares
The total number of shares held by the institution at the end of the reporting period (the effective date). This is provided in the filing.
Value
The total value of the shares as of the effective date. This is provided in the filing.
Avg. Share Price
The weighted average share price of the shares held by the institution. We use FIFO accounting to determine this price
Class
This is the security class as indicated by the filer. There are a variety of values for this field. Common values include "EC" = equity common, "EP" - equity preferred
Allocation (%)
The percent of the institution's portfolio that this position represents. This is provided in NPORT filings. For 13F filings, we calculate it.
Change in Allocation
The change in allocation from the prior reporting period. This is calculated as current allocation - prior allocation.
Change in Allocation (%)
The percent change in allocation from the prior reporting period. This is calculated as (current allocation - prior allocation) / prior allocation.
Cost Basis
The total cost of the shares held. This is calculated as reported shares * avg. share price
Unrealized Gain/Loss
This is the market value of the position as of the effective date minus the cost basis.