The Progressive Corporation
CH ˙ SWX ˙ US7433151039
SecurityCH:PGR / The Progressive Corporation
InstitutionWelch & Forbes Llc
Latest Disclosed Ownership36,257 shares
Latest Disclosed Value $ 7,187,589
Welch & Forbes Llc reports 0.43% decrease in ownership of PGR / The Progressive Corporation

On May 1, 2026 - Welch & Forbes Llc filed a 13F-HR form disclosing ownership of 36,257 shares of The Progressive Corporation (CH:PGR) valued at $7,187,589 USD as of March 31, 2026. The entity filed a previous 13F-HR on February 10, 2026 disclosing 36,413 shares of The Progressive Corporation. This represents a change in shares of -0.43% 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)
2026-05-01 2026-03-31 13F PROGRESSIVE COM 743315103 36,257 -156 -0.43 7,188 -13.32 0.0929
2026-02-10 2025-12-31 13F PROGRESSIVE COM 743315103 36,413 -110 -0.30 8,292 -8.07 0.1005
2025-11-04 2025-09-30 13F PROGRESSIVE COM 743315103 36,523 -960 -2.56 9,019 -9.83 0.1086
2025-08-05 2025-06-30 13F PROGRESSIVE COM 743315103 37,483 -1,509 -3.87 10,003 -9.36 0.1249
2025-05-02 2025-03-31 13F PROGRESSIVE COM 743315103 38,992 -53 -0.14 11,035 17.96 0.1444
2025-02-07 2024-12-31 13F PROGRESSIVE COM 743315103 39,045 -252 -0.64 9,356 -6.19 0.1203
2024-11-04 2024-09-30 13F PROGRESSIVE COM 743315103 39,297 -2,950 -6.98 9,972 12.69 0.1269
2024-08-02 2024-06-30 13F PROGRESSIVE COM 743315103 42,247 -10 -0.02 8,850 1.26 0.1181
2024-05-03 2024-03-31 13F PROGRESSIVE COM 743315103 42,257 -1,038 -2.40 8,740 26.73 0.1200
2024-02-06 2023-12-31 13F PROGRESSIVE COM 743315103 43,295 -509 -1.16 6,896 13.03 0.1042
2023-11-03 2023-09-30 13F PROGRESSIVE COM 743315103 43,804 19 0.04 6,102 5.28 0.1009
2023-07-28 2023-06-30 13F PROGRESSIVE COM 743315103 43,785 27 0.06 5,796 -7.43 0.0914
2023-04-14 2023-03-31 13F PROGRESSIVE COM 743315103 43,758 4 0.01 6,260 10.31 0.1060
2023-02-02 2022-12-31 13F PROGRESSIVE COM 743315103 43,754 0 0.00 5,675 11.60 0.1017
2022-10-31 2022-09-30 13F PROGRESSIVE COM 743315103 43,754 -105 -0.24 5,085 -0.27 0.0993
2022-07-22 2022-06-30 13F PROGRESSIVE COM 743315103 43,859 -2,500 -5.39 5,099 -3.50 0.0933
2022-04-25 2022-03-31 13F PROGRESSIVE COM 743315103 46,359 3,337 7.76 5,284 19.66 0.0832
2022-01-19 2021-12-31 13F PROGRESSIVE COM 743315103 43,022 0 0.00 4,416 13.55 0.0661
2021-10-13 2021-09-30 13F PROGRESSIVE COM 743315103 43,022 0 0.00 3,889 -7.95 0.0646
2021-07-22 2021-06-30 13F PROGRESSIVE COM 743315103 43,022 -125 -0.29 4,225 2.42 0.0714
2021-04-14 2021-03-31 13F PROGRESSIVE COM 743315103 43,147 -200 -0.46 4,125 -3.76 0.0762
2021-01-20 2020-12-31 13F PROGRESSIVE COM 743315103 43,347 -400 -0.91 4,286 3.48 0.0838
2020-10-23 2020-09-30 13F PROGRESSIVE COM 743315103 43,747 -334 -0.76 4,142 17.27 0.0894
2020-07-15 2020-06-30 13F PROGRESSIVE CORP OHIO COM 743315103 44,081 -1,266 -2.79 3,532 5.50 0.0827
2020-04-17 2020-03-31 13F PROGRESSIVE CORP OHIO COM 743315103 45,347 -700 -1.52 3,348 0.45 0.0935
2020-01-17 2019-12-31 13F PROGRESSIVE CORP OHIO COM 743315103 46,047 -2,000 -4.16 3,333 -10.21 0.0742
2019-10-11 2019-09-30 13F PROGRESSIVE CORP OHIO COM 743315103 48,047 -200 -0.41 3,712 -3.73 0.0886
2019-07-12 2019-06-30 13F PROGRESSIVE CORP OHIO COM 743315103 48,247 0 0.00 3,856 10.87 0.0939
2019-04-29 2019-03-31 13F PROGRESSIVE CORP OHIO COM 743315103 48,247 -900 -1.83 3,478 17.30 0.0873
2019-02-05 2018-12-31 13F PROGRESSIVE CORP OHIO COM 743315103 49,147 -1,625 -3.20 2,965 -17.80 0.0836
2018-10-17 2018-09-30 13F PROGRESSIVE CORP OHIO COM 743315103 50,772 -2,090 -3.95 3,607 15.39 0.0860
2018-07-16 2018-06-30 13F PROGRESSIVE CORP OHIO COM 743315103 52,862 -1,257 -2.32 3,126 -5.19 0.0808
2018-04-12 2018-03-31 13F PROGRESSIVE CORP OHIO COM 743315103 54,119 322 0.60 3,297 8.81 0.0850
2018-01-26 2017-12-31 13F PROGRESSIVE CORP OHIO COM 743315103 53,797 0 0.00 3,030 16.31 0.0809
2017-11-13 2017-09-30 13F PROGRESSIVE CORP OHIO COM 743315103 53,797 0 0.00 2,605 9.82 0.0686
2017-07-31 2017-06-30 13F PROGRESSIVE CORP OHIO COM 743315103 53,797 -1,150 -2.09 2,372 10.17 0.0663
2017-07-31 2017-03-31 13F/A-1 PROGRESSIVE CORP OHIO COM 743315103 54,947 17 0.03 2,153 10.41 0.0616
2017-04-27 2017-03-31 13F PROGRESSIVE CORP OHIO COM 743315103 54,947 2,153
2017-02-07 2016-12-31 13F PROGRESSIVE CORP OHIO COM 743315103 54,930 0 0.00 1,950 12.72 0.0584
2016-11-02 2016-09-30 13F PROGRESSIVE CORP OHIO COM 743315103 54,930 -1,500 -2.66 1,730 -8.47 0.0598
2016-08-02 2016-06-30 13F PROGRESSIVE CORP OHIO COM 743315103 56,430 -1,610 -2.77 1,890 -7.35 0.0576
2016-05-05 2016-03-31 13F PROGRESSIVE CORP OHIO COM 743315103 58,040 -1,000 -1.69 2,040 8.68 0.0635
2016-01-27 2015-12-31 13F PROGRESSIVE CORP OHIO COM 743315103 59,040 620 1.06 1,877 4.86 0.0602
2015-11-05 2015-09-30 13F PROGRESSIVE CORP OHIO COM 743315103 58,420 -4,700 -7.45 1,790 1.88 0.0598
2015-08-11 2015-06-30 13F PROGRESSIVE CORP OHIO COM 743315103 63,120 0 0.00 1,757 2.33 0.0547
2015-04-30 2015-03-31 13F PROGRESSIVE CORP OHIO COM 743315103 63,120 63,120 0.00 1,717 0.0516
2015-01-27 2014-12-31 13F PROGRESSIVE CORP OHIO COM 743315103 0 -68,684 -100.00 0 -100.00
2014-10-27 2014-09-30 13F PROGRESSIVE CORP OHIO COM 743315103 68,684 464 0.68 1,736 0.35 0.0530
2014-07-31 2014-06-30 13F PROGRESSIVE CORP OHIO COM 743315103 68,220 2,118 3.20 1,730 8.06 0.0546
2014-05-01 2014-03-31 13F PROGRESSIVE CORP OHIO COM 743315103 66,102 -9,200 -12.22 1,601 -22.02 0.0507
2014-01-17 2013-12-31 13F PROGRESSIVE CORP OHIO COM 743315103 75,302 0 0.00 2,053 0.15 0.0650
2013-10-31 2013-09-30 13F PROGRESSIVE CORP OHIO COM 743315103 75,302 -300 -0.40 2,050 6.66 0.0690
2013-08-08 2013-06-30 13F PROGRESSIVE CORP OHIO COM 743315103 75,602 75,602 1,922 0.0687
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.