The Progressive Corporation
MX ˙ BMV ˙ US7433151039
SecurityMX:PGR / The Progressive Corporation
InstitutionClearbridge Investments, LLC
Latest Disclosed Ownership239,471 shares
Latest Disclosed Value $ 47,472,808
Clearbridge Investments, LLC reports 17.60% decrease in ownership of PGR / The Progressive Corporation

On May 13, 2026 - Clearbridge Investments, LLC filed a 13F-HR form disclosing ownership of 239,471 shares of The Progressive Corporation (MX:PGR) valued at $47,472,808 USD as of March 31, 2026. The entity filed a previous 13F-HR on February 11, 2026 disclosing 290,629 shares of The Progressive Corporation. This represents a change in shares of -17.60% 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)
2026-05-13 2026-03-31 13F Progressive COM 743315103 239,471 -51,158 -17.60 47,473 -28.27 0.0372
2026-02-11 2025-12-31 13F Progressive COM 743315103 290,629 7,539 2.66 66,182 -5.33 0.0530
2025-11-13 2025-09-30 13F Progressive COM 743315103 283,090 -499,431 -63.82 69,909 -66.52 0.0526
2025-08-12 2025-06-30 13F Progressive COM 743315103 782,521 -100,929 -11.42 208,824 -16.48 0.1696
2025-05-13 2025-03-31 13F Progressive COM 743315103 883,450 -31,388 -3.43 250,025 14.06 0.2184
2025-02-12 2024-12-31 13F Progressive COM 743315103 914,838 -6,739 -0.73 219,204 -6.27 0.1777
2024-11-12 2024-09-30 13F Progressive COM 743315103 921,577 -14,962 -1.60 233,859 20.22 0.1839
2024-08-27 2024-06-30 13F/A-1 Progressive COM 743315103 936,539 -269,529 -22.35 194,529 -22.01 0.1580
2024-08-14 2024-06-30 13F Progressive COM 743315103 936,539 -269,529 194,529 0.1591
2024-05-13 2024-03-31 13F Progressive COM 743315103 1,206,068 -327,070 -21.33 249,439 2.15 0.1977
2024-02-09 2023-12-31 13F Progressive COM 743315103 1,533,138 -327,319 -17.59 244,198 -5.77 0.2101
2023-11-13 2023-09-30 13F Progressive COM 743315103 1,860,457 -155,542 -7.72 259,162 -2.88 0.2493
2023-08-11 2023-06-30 13F Progressive COM 743315103 2,015,999 4,860 0.24 266,858 -7.25 0.2408
2023-05-12 2023-03-31 13F Progressive COM 743315103 2,011,139 -93,695 -4.45 287,714 5.38 0.2749
2023-02-10 2022-12-31 13F Progressive COM 743315103 2,104,834 -106,400 -4.81 273,018 6.25 0.2697
2022-11-14 2022-09-30 13F Progressive COM 743315103 2,211,234 28,875 1.32 256,967 1.27 0.2591
2022-08-11 2022-06-30 13F Progressive COM 743315103 2,182,359 279,182 14.67 253,743 16.96 0.2365
2022-05-13 2022-03-31 13F Progressive COM 743315103 1,903,177 -10,500 -0.55 216,943 10.44 0.1630
2022-02-11 2021-12-31 13F Progressive COM 743315103 1,913,677 336,240 21.32 196,439 37.77 0.1338
2021-11-12 2021-09-30 13F Progressive COM 743315103 1,577,437 115,644 7.91 142,584 -0.68 0.1017
2021-08-13 2021-06-30 13F Progressive COM 743315103 1,461,793 100,441 7.38 143,563 10.30 0.0999
2021-05-13 2021-03-31 13F Progressive COM 743315103 1,361,352 -330,563 -19.54 130,159 -22.20 0.0971
2021-02-10 2020-12-31 13F Progressive COM 743315103 1,691,915 -150,144 -8.15 167,297 -4.07 0.1292
2020-11-12 2020-09-30 13F Progressive COM 743315103 1,842,059 -9,406 -0.51 174,388 17.57 0.1499
2020-08-14 2020-06-30 13F PROGRESSIVE CORP OHIO COM 743315103 1,851,465 -276,147 -12.98 148,321 -5.59 0.1339
2020-05-22 2020-03-31 13F/A-1 PROGRESSIVE CORP OHIO COM 743315103 2,127,612 269,745 14.52 157,103 13.76 0.1703
2020-05-15 2020-03-31 13F PROGRESSIVE CORP OHIO COM 743315103 2,127,612 269,745 157,103 170,304.0596
2020-02-14 2019-12-31 13F PROGRESSIVE CORP OHIO COM 743315103 1,857,867 -6,415 -0.34 138,095 -4.11 0.1144
2019-11-14 2019-09-30 13F PROGRESSIVE CORP OHIO COM 743315103 1,864,282 -16,968 -0.90 144,016 -4.22 0.1257
2019-08-14 2019-06-30 13F PROGRESSIVE CORP OHIO COM 743315103 1,881,250 -287,371 -13.25 150,368 -3.82 0.1303
2019-05-15 2019-03-31 13F PROGRESSIVE CORP OHIO COM 743315103 2,168,621 -146,291 -6.32 156,336 11.94 0.1381
2019-02-14 2018-12-31 13F PROGRESSIVE CORP OHIO COM 743315103 2,314,912 -47,416 -2.01 139,659 -16.78 0.1413
2018-11-28 2018-09-30 13F/A-1 PROGRESSIVE CORP OHIO COM 743315103 2,362,328 -152,982 -6.08 167,820 12.80 0.1444
2018-11-14 2018-09-30 13F PROGRESSIVE CORP OHIO COM 743315103 2,362,328 -152,982 167,820
2018-08-14 2018-06-30 13F PROGRESSIVE CORP OHIO COM 743315103 2,515,310 -327,633 -11.52 148,781 -14.11 0.1218
2018-05-15 2018-03-31 13F PROGRESSIVE CORP OHIO COM 743315103 2,842,943 -69,316 -2.38 173,221 5.61 0.1635
2018-02-14 2017-12-31 13F PROGRESSIVE CORP OHIO COM 743315103 2,912,259 749,142 34.63 164,018 56.60 0.1515
2017-11-14 2017-09-30 13F PROGRESSIVE CORP OHIO COM 743315103 2,163,117 665,939 44.48 104,738 58.67 0.1007
2017-08-14 2017-06-30 13F PROGRESSIVE CORP OHIO COM 743315103 1,497,178 -2,806 -0.19 66,011 12.32 0.0649
2017-06-07 2017-03-31 13F/A-1 PROGRESSIVE CORP OHIO COM 743315103 1,499,984 -42,115 -2.73 58,769 7.35 0.0591
2017-05-15 2017-03-31 13F PROGRESSIVE CORP OHIO COM 743315103 1,499,984 58,769
2017-02-14 2016-12-31 13F PROGRESSIVE CORP OHIO COM 743315103 1,542,099 411,052 36.34 54,745 53.66 0.0602
2016-11-14 2016-09-30 13F PROGRESSIVE CORP OHIO COM 743315103 1,131,047 2,448 0.22 35,628 -5.77 0.0401
2016-08-15 2016-06-30 13F PROGRESSIVE CORP OHIO COM 743315103 1,128,599 46,783 4.32 37,808 -0.54 0.0447
2016-05-16 2016-03-31 13F PROGRESSIVE CORP OHIO COM 743315103 1,081,816 -16,447 -1.50 38,015 8.85 0.0454
2016-02-16 2015-12-31 13F PROGRESSIVE CORP OHIO COM 743315103 1,098,263 -2,077 -0.19 34,925 3.59 0.0404
2015-11-16 2015-09-30 13F PROGRESSIVE CORP OHIO COM 743315103 1,100,340 -9,371 -0.84 33,714 9.17 0.0404
2015-08-17 2015-06-30 13F/A-1 PROGRESSIVE CORP OHIO COM 743315103 1,109,711 -74,382 -6.28 30,883 -4.11 0.0327
2015-08-14 2015-06-30 13F PROGRESSIVE CORP OHIO COM 743315103 1,109,711 30,883
2015-05-15 2015-03-31 13F PROGRESSIVE CORP OHIO COM 743315103 1,184,093 -28,381 -2.34 32,207 -1.58 0.0334
2015-02-17 2014-12-31 13F PROGRESSIVE CORP OHIO COM 743315103 1,212,474 27,212 2.30 32,725 9.22 0.0344
2014-11-14 2014-09-30 13F PROGRESSIVE CORP OHIO COM 743315103 1,185,262 -47,877 -3.88 29,963 -4.19 0.0330
2014-08-14 2014-06-30 13F PROGRESSIVE CORP OHIO COM 743315103 1,233,139 -109,074 -8.13 31,272 -3.80 0.0352
2014-05-15 2014-03-31 13F PROGRESSIVE CORP OHIO COM 743315103 1,342,213 -24,480 -1.79 32,508 -12.78 0.0386
2014-02-14 2013-12-31 13F PROGRESSIVE CORP OHIO COM 743315103 1,366,693 -128,143 -8.57 37,270 -8.44 0.0465
2013-11-14 2013-09-30 13F PROGRESSIVE CORP OHIO COM 743315103 1,494,836 120,305 8.75 40,704 16.49 0.0568
2013-08-14 2013-06-30 13F PROGRESSIVE CORP OHIO COM 743315103 1,374,531 1,374,531 34,941 0.0533
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.