The Progressive Corporation
MX ˙ BMV ˙ US7433151039
SecurityMX:PGR / The Progressive Corporation
InstitutionLazard Asset Management Llc
Latest Disclosed Ownership403,180 shares
Latest Disclosed Value $ 79,926,342
Lazard Asset Management Llc reports 30.31% increase in ownership of PGR / The Progressive Corporation

On May 15, 2026 - Lazard Asset Management Llc filed a 13F-HR form disclosing ownership of 403,180 shares of The Progressive Corporation (MX:PGR) valued at $79,926,342 USD as of March 31, 2026. The entity filed a previous 13F-HR on February 17, 2026 disclosing 309,404 shares of The Progressive Corporation. This represents a change in shares of 30.31% 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)
2026-05-15 2026-03-31 13F PROGRESSIVE COM 743315103 403,180 93,776 30.31 79,926 13.44 0.1315
2026-02-17 2025-12-31 13F PROGRESSIVE COM 743315103 309,404 290,840 1,566.69 70,457 1,437.02 0.1194
2025-11-14 2025-09-30 13F PROGRESSIVE COM 743315103 18,564 -5,914 -24.16 4,584 76,300.00 0.0062
2025-08-14 2025-06-30 13F PROGRESSIVE OH Common Stock 743315103 24,478 12,998 113.22 7 100.00 0.0090
2025-05-15 2025-03-31 13F PROGRESSIVE OH Common Stock 743315103 11,480 -21,712 -65.41 3 -57.14 0.0050
2025-02-14 2024-12-31 13F PROGRESSIVE OH Common Stock 743315103 33,192 -4,281 -11.42 8 -22.22 0.0116
2024-11-14 2024-09-30 13F PROGRESSIVE OH Common Stock 743315103 37,473 24,499 188.83 10 350.00 0.0127
2024-08-14 2024-06-30 13F PROGRESSIVE OH Common Stock 743315103 12,974 2,953 29.47 3 0.00 0.0034
2024-07-09 2024-03-31 13F/A-1 PROGRESSIVE OH Common Stock 743315103 10,021 5,813 138.14 2 0.0025
2024-05-14 2024-03-31 13F PROGRESSIVE OH Common Stock 743315103 10,021 5,813 2 0.0025
2024-02-14 2023-12-31 13F PROGRESSIVE OH Common Stock 743315103 4,208 2,502 146.66 1 0.0008
2023-11-14 2023-09-30 13F PROGRESSIVE OH Common Stock 743315103 1,706 0 0.00 0 0.0003
2023-08-15 2023-06-30 13F PROGRESSIVE OH Common Stock 743315103 1,706 -5,963 -77.75 0 -100.00 0.0003
2023-05-15 2023-03-31 13F PROGRESSIVE OH Common Stock 743315103 7,669 330 4.50 1 -99.89 0.0014
2023-02-15 2022-12-31 13F PROGRESSIVE OH Common Stock 743315103 7,339 -52 -0.70 950 10.72 0.0013
2022-11-14 2022-09-30 13F PROGRESSIVE OH Common Stock 743315103 7,391 -114 -1.52 858 -1.61 0.0013
2022-08-09 2022-06-30 13F PROGRESSIVE OH Common Stock 743315103 7,505 -26,752 -78.09 872 -77.66 0.0012
2022-05-13 2022-03-31 13F PROGRESSIVE OH Common Stock 743315103 34,257 25,220 279.07 3,904 321.14 0.0045
2022-02-09 2021-12-31 13F PROGRESSIVE OH Common Stock 743315103 9,037 -4,950 -35.39 927 -26.66 0.0010
2021-11-15 2021-09-30 13F PROGRESSIVE OH Common Stock 743315103 13,987 -9,950 -41.57 1,264 -46.21 0.0014
2021-08-12 2021-06-30 13F PROGRESSIVE OH Common Stock 743315103 23,937 6,142 34.52 2,350 38.24 0.0026
2021-05-14 2021-03-31 13F PROGRESSIVE OH Common Stock 743315103 17,795 893 5.28 1,700 1.80 0.0021
2021-02-11 2020-12-31 13F PROGRESSIVE OH Common Stock 743315103 16,902 -229,805 -93.15 1,670 -92.85 0.0021
2020-11-13 2020-09-30 13F PROGRESSIVE OH Common Stock 743315103 246,707 -132,873 -35.01 23,354 -23.19 0.0328
2020-08-13 2020-06-30 13F PROGRESSIVE OH Common Stock 743315103 379,580 130,180 52.20 30,406 65.12 0.0467
2020-05-14 2020-03-31 13F PROGRESSIVE OH Common Stock 743315103 249,400 65,621 35.71 18,414 38.42 0.0337
2020-02-13 2019-12-31 13F PROGRESSIVE OH Common Stock 743315103 183,779 -143,363 -43.82 13,303 -47.36 0.0190
2019-11-14 2019-09-30 13F PROGRESSIVE OH Common Stock 743315103 327,142 159,765 95.45 25,271 88.91 0.0415
2019-08-14 2019-06-30 13F PROGRESSIVE OH Common Stock 743315103 167,377 60,610 56.77 13,377 73.82 0.0217
2019-08-28 2019-03-31 13F/A-1 PROGRESSIVE OH Common Stock 743315103 106,767 18,065 20.37 7,696 43.85 0.0126
2019-05-13 2019-03-31 13F PROGRESSIVE OH Common Stock 743315103 106,767 18,065 7,696
2019-08-28 2018-12-31 13F/A-1 PROGRESSIVE OH Common Stock 743315103 88,702 -23,396 -20.87 5,350 -32.81 0.0098
2019-02-13 2018-12-31 13F PROGRESSIVE OH Common Stock 743315103 88,702 -23,396 5,350
2019-08-30 2018-09-30 13F/A-1 PROGRESSIVE OH Common Stock 743315103 112,098 54 0.05 7,963 20.16 0.0129
2018-11-13 2018-09-30 13F PROGRESSIVE OH Common Stock 743315103 112,098 54 7,963
2019-08-30 2018-06-30 13F/A-1 PROGRESSIVE OH Common Stock 743315103 112,044 0 0.00 6,627 -2.92 0.0115
2018-08-13 2018-06-30 13F PROGRESSIVE OH Common Stock 743315103 112,044 0 6,627
2019-08-28 2018-03-31 13F/A-1 PROGRESSIVE OH Common Stock 743315103 112,044 23,565 26.63 6,826 37.01 0.0116
2018-05-14 2018-03-31 13F PROGRESSIVE OH Common Stock 743315103 112,044 23,565 6,826
2019-08-28 2017-12-31 13F/A-1 PROGRESSIVE OH Common Stock 743315103 88,479 86,784 5,120.00 4,982 5,975.61 0.0085
2018-02-13 2017-12-31 13F PROGRESSIVE OH Common Stock 743315103 88,479 86,784 4,982
2019-08-19 2017-09-30 13F/A-1 PROGRESSIVE OH Common Stock 743315103 1,695 0 0.00 82 10.81 0.0001
2017-11-13 2017-09-30 13F PROGRESSIVE OH Common Stock 743315103 1,695 0 82
2019-08-19 2017-06-30 13F/A-1 PROGRESSIVE OH Common Stock 743315103 1,695 0 0.00 74 12.12 0.0001
2017-08-11 2017-06-30 13F PROGRESSIVE OH Common Stock 743315103 1,695 0 74
2019-08-13 2017-03-31 13F/A-1 PROGRESSIVE OH Common Stock 743315103 1,695 0 0.00 66 10.00 0.0001
2017-05-12 2017-03-31 13F PROGRESSIVE OH Common Stock 743315103 1,695 0 66
2019-07-30 2016-12-31 13F/A-1 PROGRESSIVE OH Common Stock 743315103 1,695 0 0.00 60 13.21 0.0001
2017-02-13 2016-12-31 13F PROGRESSIVE OH Common Stock 743315103 1,695 0 60
2019-08-07 2016-09-30 13F/A-1 PROGRESSIVE OH Common Stock 743315103 1,695 0 0.00 53 -5.36 0.0001
2016-11-14 2016-09-30 13F PROGRESSIVE OH Common Stock 743315103 1,695 0 53
2019-07-29 2016-06-30 13F/A-1 PROGRESSIVE OH Common Stock 743315103 1,695 0 0.00 56 -5.08 0.0001
2016-08-15 2016-06-30 13F PROGRESSIVE OH Common Stock 743315103 1,695 0 56
2019-07-25 2016-03-31 13F/A-1 PROGRESSIVE OH Common Stock 743315103 1,695 0 0.00 59 11.32 0.0001
2016-05-12 2016-03-31 13F PROGRESSIVE OH Common Stock 743315103 1,695 0 59
2019-07-24 2015-12-31 13F/A-1 PROGRESSIVE OH Common Stock 743315103 1,695 0 0.00 53 3.92 0.0001
2016-02-12 2015-12-31 13F PROGRESSIVE OH Common Stock 743315103 1,695 0 53
2019-07-15 2015-09-30 13F/A-1 PROGRESSIVE OH Common Stock 743315103 1,695 0 0.00 51 8.51 0.0001
2015-11-13 2015-09-30 13F PROGRESSIVE OH Common Stock 743315103 1,695 0 51
2019-07-08 2015-06-30 13F/A-1 PROGRESSIVE OH Common Stock 743315103 1,695 0 0.00 47 2.17 0.0001
2015-08-13 2015-06-30 13F PROGRESSIVE OH Common Stock 743315103 1,695 0 47
2015-06-09 2015-03-31 13F/A-1 PROGRESSIVE OH Common Stock 743315103 1,695 0 0.00 46 2.22 0.0001
2015-05-15 2015-03-31 13F PROGRESSIVE OH Common Stock 743315103 1,695 46
2019-08-29 2014-12-31 13F/A-3 PROGRESSIVE OH Common Stock 743315103 1,695 0 0.00 45 7.14 0.0001
2015-05-20 2014-12-31 13F/A-1 PROGRESSIVE OH Common Stock 743315103 1,695 0 45 0.0001
2015-06-09 2014-12-31 13F/A-2 PROGRESSIVE OH Common Stock 743315103 1,695 0 45 0.0001
2015-02-12 2014-12-31 13F PROGRESSIVE OH Common Stock 743315103 1,695 45
2014-11-07 2014-09-30 13F PROGRESSIVE OH Common Stock 743315103 1,695 0 0.00 42 0.00 0.0001
2014-08-12 2014-06-30 13F PROGRESSIVE OH Common Stock 743315103 1,695 0 0.00 42 2.44 0.0001
2014-05-12 2014-03-31 13F PROGRESSIVE OH Common Stock 743315103 1,695 0 0.00 41 -10.87 0.0001
2014-02-14 2013-12-31 13F PROGRESSIVE OH Common Stock 743315103 1,695 0 0.00 46 0.00 0.0001
2014-01-13 2013-09-30 13F/A-1 PROGRESSIVE OH Common Stock 743315103 1,695 0 0.00 46 6.98 0.0001
2013-11-13 2013-09-30 13F PROGRESSIVE OH Common Stock 743315103 1,695 46
2013-08-13 2013-06-30 13F PROGRESSIVE OH Common Stock 743315103 1,695 1,695 43 0.0001
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.