The Progressive Corporation
MX ˙ BMV ˙ US7433151039
SecurityMX:PGR / The Progressive Corporation
InstitutionJohnson Investment Counsel Inc
Latest Disclosed Ownership28,134 shares
Latest Disclosed Value $ 5,577,255
Johnson Investment Counsel Inc reports 7.07% decrease in ownership of PGR / The Progressive Corporation

On May 1, 2026 - Johnson Investment Counsel Inc filed a 13F-HR form disclosing ownership of 28,134 shares of The Progressive Corporation (MX:PGR) valued at $5,577,255 USD as of March 31, 2026. The entity filed a previous 13F-HR on February 13, 2026 disclosing 30,275 shares of The Progressive Corporation. This represents a change in shares of -7.07% 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 28,134 -2,141 -7.07 5,577 -19.10 0.0451
2026-02-13 2025-12-31 13F PROGRESSIVE COM 743315103 30,275 -215 -0.71 6,894 -8.43 0.0563
2025-11-06 2025-09-30 13F PROGRESSIVE COM 743315103 30,490 359 1.19 7,530 -6.36 0.0629
2025-07-25 2025-06-30 13F PROGRESSIVE COM 743315103 30,131 565 1.91 8,041 -3.91 0.0721
2025-04-21 2025-03-31 13F PROGRESSIVE COM 743315103 29,566 -1,076 -3.51 8,367 13.96 0.0807
2025-02-07 2024-12-31 13F PROGRESSIVE COM 743315103 30,642 319 1.05 7,342 -4.57 0.0716
2024-11-04 2024-09-30 13F PROGRESSIVE CS 743315103 30,323 9,788 47.66 7,695 80.40 0.0757
2024-08-08 2024-06-30 13F PROGRESSIVE CS 743315103 20,535 1,753 9.33 4,265 9.81 0.0449
2024-05-09 2024-03-31 13F PROGRESSIVE CS 743315103 18,782 65 0.35 3,884 30.29 0.0422
2024-02-07 2023-12-31 13F PROGRESSIVE CS 743315103 18,717 -946 -4.81 2,981 8.84 0.0350
2023-11-13 2023-09-30 13F PROGRESSIVE CS 743315103 19,663 1,342 7.32 2,739 12.95 0.0352
2023-08-10 2023-06-30 13F PROGRESSIVE COM 743315103 18,321 -453 -2.41 2,425 -9.68 0.0301
2023-05-15 2023-03-31 13F PROGRESSIVE COM 743315103 18,774 125 0.67 2,686 11.00 0.0357
2023-02-14 2022-12-31 13F PROGRESSIVE COM 743315103 18,649 0 0.00 2,419 11.63 0.0330
2022-11-14 2022-09-30 13F PROGRESSIVE COM 743315103 18,649 -131 -0.70 2,167 -0.78 0.0321
2022-08-15 2022-06-30 13F PROGRESSIVE COM 743315103 18,780 -91 -0.48 2,184 1.53 0.0310
2022-05-11 2022-03-31 13F Progressive Corporation Of Ohio COMMON EQUITY 743315103 18,871 1,727 10.07 2,151 22.22 0.0267
2022-02-15 2021-12-31 13F Progressive Corporation Of Ohio COMMON EQUITY 743315103 17,144 -265 -1.52 1,760 11.82 0.0215
2021-11-12 2021-09-30 13F Progressive Corporation Of Ohio COMMON EQUITY 743315103 17,409 -259 -1.47 1,574 -9.28 0.0211
2021-08-13 2021-06-30 13F Progressive Corporation Of Ohio COMMON EQUITY 743315103 17,668 -2 -0.01 1,735 2.72 0.0247
2021-05-14 2021-03-31 13F Progressive Corporation Of Ohio COMMON EQUITY 743315103 17,670 -1,960 -9.98 1,689 -12.98 0.0254
2021-02-12 2020-12-31 13F Progressive Corporation Of Ohio COMMON EQUITY 743315103 19,630 280 1.45 1,941 5.95 0.0323
2020-11-16 2020-09-30 13F Progressive Corporation Of Ohio COMMON EQUITY 743315103 19,350 1 0.01 1,832 18.19 0.0339
2020-08-13 2020-06-30 13F Progressive Corporation Of Ohio COMMON EQUITY 743315103 19,349 1,795 10.23 1,550 19.60 0.0313
2020-05-20 2020-03-31 13F Progressive Corporation Of Ohio COMMON EQUITY 743315103 17,554 -3,304 -15.84 1,296 -14.17 0.0287
2020-02-13 2019-12-31 13F Progressive Corporation Of Ohio COMMON EQUITY 743315103 20,858 238 1.15 1,510 -5.21 0.0284
2019-11-14 2019-09-30 13F Progressive Corporation Of Ohio COMMON 743315103 20,620 1,996 10.72 1,593 7.06 0.0317
2019-08-14 2019-06-30 13F PROGRESSIVE CORPORATION OF OHIO Common 743315103 18,624 -384 -2.02 1,488 8.61 0.0308
2019-05-13 2019-03-31 13F PROGRESSIVE CORPORATION OF OHIO Common 743315103 19,008 -77 -0.40 1,370 19.03 0.0293
2019-02-13 2018-12-31 13F PROGRESSIVE CORPORATION OF OHIO Common 743315103 19,085 743 4.05 1,151 -11.67 0.0280
2018-11-14 2018-09-30 13F PROGRESSIVE CORPORATION OF OHIO Common 743315103 18,342 518 2.91 1,303 23.62 0.0290
2018-08-14 2018-06-30 13F PROGRESSIVE CORPORATION OF OHIO Common 743315103 17,824 6,524 57.73 1,054 53.20 0.0258
2018-05-15 2018-03-31 13F PROGRESSIVE CORPORATION OF OHIO Common 743315103 11,300 663 6.23 688 14.86 0.0176
2018-02-14 2017-12-31 13F PROGRESSIVE CORPORATION OF OHIO Common 743315103 10,637 1,200 12.72 599 31.36 0.0150
2017-11-14 2017-09-30 13F PROGRESSIVE CORPORATION OF OHIO Common 743315103 9,437 1,100 13.19 456 24.25 0.0121
2017-08-14 2017-06-30 13F PROGRESSIVE CORPORATION OF OHIO Common 743315103 8,337 400 5.04 367 18.39 0.0102
2017-05-12 2017-03-31 13F PROGRESSIVE CORPORATION OF OHIO Common 743315103 7,937 0 0.00 310 10.32 0.0090
2017-02-14 2016-12-31 13F PROGRESSIVE CORPORATION OF OHIO Common 743315103 7,937 -1,782 -18.34 281 -8.17 0.0086
2016-11-14 2016-09-30 13F PROGRESSIVE CORPORATION OF OHIO Common 743315103 9,719 -32 -0.33 306 -6.13 0.0098
2016-08-11 2016-06-30 13F PROGRESSIVE CORPORATION OF OHIO Common 743315103 9,751 0 0.00 326 -4.68 0.0107
2016-05-13 2016-03-31 13F PROGRESSIVE CORPORATION OF OHIO Common 743315103 9,751 -2,500 -20.41 342 -12.08 0.0120
2016-02-12 2015-12-31 13F PROGRESSIVE CORPORATION OF OHIO Common 743315103 12,251 167 1.38 389 5.14 0.0136
2015-11-16 2015-09-30 13F PROGRESSIVE CORPORATION OF OHIO Common 743315103 12,084 0 0.00 370 10.12 0.0136
2015-08-14 2015-06-30 13F PROGRESSIVE CORPORATION OF OHIO Common 743315103 12,084 0 0.00 336 2.44 0.0113
2015-05-14 2015-03-31 13F PROGRESSIVE CORPORATION OF OHIO Common 743315103 12,084 1,563 14.86 328 15.90 0.0110
2015-02-17 2014-12-31 13F PROGRESSIVE CORPORATION OF OHIO Common 743315103 10,521 -518 -4.69 283 1.43 0.0093
2014-11-14 2014-09-30 13F PROGRESSIVE CORPORATION OF OHIO Common 743315103 11,039 106 0.97 279 0.72 0.0093
2014-08-14 2014-06-30 13F PROGRESSIVE CORPORATION OF OHIO Common 743315103 10,933 0 0.00 277 4.92 0.0099
2014-05-15 2014-03-31 13F PROGRESSIVE CORPORATION OF OHIO Common 743315103 10,933 0 0.00 264 -11.41 0.0097
2014-02-13 2013-12-31 13F PROGRESSIVE CORPORATION OF OHIO Common 743315103 10,933 -73 -0.66 298 -0.33 0.0110
2013-11-13 2013-09-30 13F PROGRESSIVE CORPORATION OF OHIO Common 743315103 11,006 0 0.00 299 7.17 0.0119
2013-08-14 2013-06-30 13F PROGRESSIVE CORPORATION OF OHIO Common 743315103 11,006 11,006 279 0.0116
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.