The Progressive Corporation
MX ˙ BMV ˙ US7433151039
SecurityMX:PGR / The Progressive Corporation
InstitutionNational Pension Service
Latest Disclosed Ownership1,295,398 shares
Latest Disclosed Value $ 256,799,700
National Pension Service reports 2.92% decrease in ownership of PGR / The Progressive Corporation

On May 12, 2026 - National Pension Service filed a 13F-HR form disclosing ownership of 1,295,398 shares of The Progressive Corporation (MX:PGR) valued at $256,799,700 USD as of March 31, 2026. The entity filed a previous 13F-HR on February 10, 2026 disclosing 1,334,312 shares of The Progressive Corporation. This represents a change in shares of -2.92% 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)
2026-05-12 2026-03-31 13F PROGRESSIVE COM 743315103 1,295,398 -38,914 -2.92 256,800 -10.16 0.1950
2026-02-10 2025-12-31 13F PROGRESSIVE PROGRESSIVE CORP 743315103 1,334,312 -115,045 -7.94 285,836 -20.14 0.2116
2025-11-04 2025-09-30 13F PROGRESSIVE COM 743315103 1,449,357 40,586 2.88 357,919 -4.79 0.2779
2025-08-08 2025-06-30 13F PROGRESSIVE COM 743315103 1,408,771 54,701 4.04 375,945 -1.90 0.3246
2025-05-13 2025-03-31 13F PROGRESSIVE COM 743315103 1,354,070 87,898 6.94 383,215 28.69 0.3683
2025-02-05 2024-12-31 13F PROGRESSIVE COM 743315103 1,266,172 176,614 16.21 297,783 7.70 0.2818
2024-10-30 2024-09-30 13F PROGRESSIVECORP COM 743315103 1,089,558 191,817 21.37 276,486 48.27 0.2666
2024-08-13 2024-06-30 13F PROGRESSIVE COM 743315103 897,741 13,055 1.48 186,470 1.91 0.2142
2024-05-14 2024-03-31 13F PROGRESSIVE COM 743315103 884,686 -1,293 -0.15 182,971 29.66 0.2196
2024-02-07 2023-12-31 13F PROGRESSIVE COM 743315103 885,979 15,598 1.79 141,119 15.19 0.1965
2023-11-15 2023-09-30 13F PROGRESSIVE COM 743315103 870,381 8,883 1.03 122,506 7.67 0.1960
2023-08-16 2023-06-30 13F PROGRESSIVE COM 743315103 861,498 -127,279 -12.87 113,778 -19.97 0.1835
2023-05-12 2023-03-31 13F PROGRESSIVE COM 743315103 988,777 163,341 19.79 142,176 32.79 0.2589
2023-02-24 2022-12-31 13F/A-1 PROGRESSIVE COM 743315103 825,436 -1,881 -0.23 107,067 9.31 0.2106
2023-02-21 2022-12-31 13F PROGRESSIVE COM 743315103 825,436 -1,881 107 0.2106
2023-02-24 2022-09-30 13F/A-1 PROGRESSIVE COM 743315103 827,317 12,963 1.59 97,946 3.44 0.2044
2022-11-18 2022-09-30 13F PROGRESSIVE COM 743315103 827,317 12,963 97,946 0.2044
2022-08-17 2022-06-30 13F PROGRESSIVE COM 743315103 814,354 51,691 6.78 94,685 8.91 0.1952
2022-05-13 2022-03-31 13F PROGRESSIVE COM 743315103 762,663 10,303 1.37 86,936 12.57 0.1587
2022-02-15 2021-12-31 13F PROGRESSIVE COM 743315103 752,360 -3,003 -0.40 77,230 13.11 0.1347
2021-11-18 2021-09-30 13F PROGRESSIVE COM 743315103 755,363 -70,341 -8.52 68,277 -15.80 0.1300
2021-08-17 2021-06-30 13F PROGRESSIVE COM 743315103 825,704 10,535 1.29 81,092 4.05 0.1540
2021-05-14 2021-03-31 13F PROGRESSIVE COM 743315103 815,169 -43,134 -5.03 77,938 -8.17 0.1630
2021-02-19 2020-12-31 13F PROGRESSIVE COM 743315103 858,303 16,143 1.92 84,869 7.23 0.1935
2020-11-13 2020-09-30 13F PROGRESSIVE COM 743315103 842,160 0 0.00 79,146 17.31 0.2079
2020-08-11 2020-06-30 13F PROGRESSIVE CORP OHIO COM 743315103 842,160 74,658 9.73 67,465 19.04 0.1927
2020-05-27 2020-03-31 13F PROGRESSIVE CORP OHIO COM 743315103 767,502 8,460 1.11 56,672 3.14 0.1918
2020-02-21 2019-12-31 13F PROGRESSIVE CORP OHIO COM 743315103 759,042 420 0.06 54,947 -6.24 0.1507
2019-11-15 2019-09-30 13F PROGRESSIVE CORP OHIO COM 743315103 758,622 34,463 4.76 58,604 1.25 0.1854
2019-08-14 2019-06-30 13F PROGRESSIVE CORP OHIO COM 743315103 724,159 17,090 2.42 57,882 13.55 0.1935
2019-05-15 2019-03-31 13F PROGRESSIVE CORP OHIO COM 743315103 707,069 24,239 3.55 50,973 5.57 0.1961
2019-02-15 2018-12-31 13F PROGRESSIVE CORP OHIO COM 743315103 682,830 44,505 6.97 48,283 6.47 0.1992
2018-11-15 2018-09-30 13F PROGRESSIVE CORP OHIO COM 743315103 638,325 28,769 4.72 45,347 24.97 0.1846
2018-08-14 2018-06-30 13F PROGRESSIVE CORP OHIO COM 743315103 609,556 49,417 8.82 36,287 6.32 0.1642
2018-04-13 2018-03-31 13F PROGRESSIVE CORP OHIO COM 743315103 560,139 -23,896 -4.09 34,129 3.76 0.1692
2018-01-17 2017-12-31 13F PROGRESSIVE CORP OHIO COM 743315103 584,035 -194 -0.03 32,893 17.15 0.1642
2017-10-16 2017-09-30 13F Progressive COM 743315103 584,229 23,345 4.16 28,078 13.39 0.1545
2017-07-13 2017-06-30 13F PROGRESSIVE CORP OHIO COM 743315103 560,884 70,511 14.38 24,763 27.91 0.1475
2017-04-11 2017-03-31 13F PROGRESSIVE CORP OHIO COM 743315103 490,373 11,627 2.43 19,360 13.92 0.1296
2017-01-18 2016-12-31 13F PROGRESSIVE CORP OHIO COM 743315103 478,746 27,383 6.07 16,995 19.53 0.1163
2016-10-14 2016-09-30 13F PROGRESSIVE CORP OHIO COM 743315103 451,363 35,579 8.56 14,218 2.07 0.1140
2016-08-11 2016-06-30 13F PROGRESSIVE CORP OHIO COM 743315103 415,784 30,767 7.99 13,929 2.96 0.1237
2016-05-16 2016-03-31 13F PROGRESSIVE CORP OHIO COM 743315103 385,017 15,704 4.25 13,529 15.20 0.1355
2016-02-12 2015-12-31 13F PROGRESSIVE CORP OHIO COM 743315103 369,313 22,451 6.47 11,744 10.50 0.1233
2015-10-15 2015-09-30 13F PROGRESSIVE CORP OHIO COM 743315103 346,862 73,627 26.95 10,628 39.77 0.1344
2015-07-15 2015-06-30 13F PROGRESSIVE CORP OHIO COM 743315103 273,235 42,318 18.33 7,604 21.06 0.0986
2015-04-15 2015-03-31 13F PROGRESSIVE CORP OHIO COM 743315103 230,917 33,983 17.26 6,281 18.17 0.0908
2015-01-13 2014-12-31 13F PROGRESSIVE CORP OHIO COM 743315103 196,934 -26,489 -11.86 5,315 -5.90 0.0897
2014-11-07 2014-09-30 13F PROGRESSIVE CORP OHIO COM 743315103 223,423 223,423 5,648 0.0897
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.