The Progressive Corporation
MX ˙ BMV ˙ US7433151039
SecurityMX:PGR / The Progressive Corporation
InstitutionNomura Asset Management Co Ltd
Latest Disclosed Ownership1,115,765 shares
Latest Disclosed Value $ 221,189,254
Nomura Asset Management Co Ltd reports 13.04% increase in ownership of PGR / The Progressive Corporation

On May 11, 2026 - Nomura Asset Management Co Ltd filed a 13F-HR form disclosing ownership of 1,115,765 shares of The Progressive Corporation (MX:PGR) valued at $221,189,254 USD as of March 31, 2026. The entity filed a previous 13F-HR on February 10, 2026 disclosing 987,037 shares of The Progressive Corporation. This represents a change in shares of 13.04% 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)
2026-05-11 2026-03-31 13F PROGRESSIVE COM 743315103 1,115,765 128,728 13.04 221,189 -1.59 0.3570
2026-02-10 2025-12-31 13F PROGRESSIVE COM 743315103 987,037 93,516 10.47 224,768 1.86 0.5689
2025-11-12 2025-09-30 13F PROGRESSIVE COM 743315103 893,521 183,853 25.91 220,655 16.51 0.5759
2025-08-11 2025-06-30 13F PROGRESSIVE COM 743315103 709,668 64,091 9.93 189,382 3.66 0.5193
2025-05-12 2025-03-31 13F PROGRESSIVE COM 743315103 645,577 4,387 0.68 182,705 18.92 0.5592
2025-02-12 2024-12-31 13F PROGRESSIVE COM 743315103 641,190 34,462 5.68 153,636 -0.21 0.4622
2024-11-15 2024-09-30 13F PROGRESSIVE COM 743315103 606,728 -2,020 -0.33 153,963 21.76 0.4747
2024-08-14 2024-06-30 13F PROGRESSIVE COM 743315103 608,748 1,318 0.22 126,443 0.65 0.4309
2024-05-13 2024-03-31 13F PROGRESSIVE COM 743315103 607,430 220,472 56.98 125,629 103.83 0.4560
2024-02-09 2023-12-31 13F PROGRESSIVE COM 743315103 386,958 61,322 18.83 61,635 35.87 0.2547
2023-11-03 2023-09-30 13F PROGRESSIVE COM 743315103 325,636 173,594 114.18 45,361 125.40 0.2126
2023-08-14 2023-06-30 13F PROGRESSIVE COM 743315103 152,042 -25,021 -14.13 20,126 -20.55 0.0927
2025-01-10 2023-03-31 13F/A-1 PROGRESSIVE COM 743315103 177,063 2,589 1.48 25,331 11.93 0.1331
2023-05-11 2023-03-31 13F PROGRESSIVE COM 743315103 177,063 2,589 25,331 0.1331
2025-01-10 2022-12-31 13F/A-1 PROGRESSIVE COM 743315103 174,474 -5,007 -2.79 22,631 8.51 0.1315
2023-02-14 2022-12-31 13F PROGRESSIVE COM 743315103 174,474 -5,007 22,631 0.1315
2025-01-10 2022-09-30 13F/A-3 PROGRESSIVE COM 743315103 179,481 -11,158 -5.85 20,857 -5.90 0.1328
2022-11-14 2022-09-30 13F/A-2 PROGRESSIVE COM 743315103 179,481 -11,158 20,857 0.1328
2022-11-10 2022-09-30 13F/A-1 PROGRESSIVE COM 743315103 179,481 -11,158 20,857 0.1328
2022-11-10 2022-09-30 13F PROGRESSIVE COM 743315103 179,481 -11,158 20,857 0.0839
2025-01-10 2022-06-30 13F/A-1 PROGRESSIVE COM 743315103 190,639 -7,014 -3.55 22,166 -1.62 0.1384
2022-08-12 2022-06-30 13F PROGRESSIVE COM 743315103 190,639 -7,014 22,165 0.1367
2025-01-10 2022-03-31 13F/A-1 PROGRESSIVE COM 743315103 197,653 62,506 46.25 22,530 62.41 0.1226
2022-05-13 2022-03-31 13F PROGRESSIVE COM 743315103 197,653 62,506 22,531 0.1226
2025-01-10 2021-12-31 13F/A-2 PROGRESSIVE COM 743315103 135,147 -1,520 -1.11 13,873 12.30 0.0701
2022-02-01 2021-12-31 13F PROGRESSIVE COM 743315103 135,147 -1,520 13,873 0.0701
2025-01-10 2021-09-30 13F/A-2 PROGRESSIVE COM 743315103 136,667 2,565 1.91 12,353 -6.20 0.0697
2021-11-12 2021-09-30 13F PROGRESSIVE COM 743315103 136,667 2,565 12,353 0.0697
2025-01-10 2021-06-30 13F/A-2 PROGRESSIVE COM 743315103 134,102 8,278 6.58 13,170 9.48 0.0763
2021-08-06 2021-06-30 13F PROGRESSIVE COM 743315103 134,102 8,278 13,170 0.0763
2025-01-10 2021-03-31 13F/A-2 PROGRESSIVE COM 743315103 125,824 -44,975 -26.33 12,030 -28.77 0.0767
2021-05-14 2021-03-31 13F PROGRESSIVE COM 743315103 125,824 -44,975 12,030 0.0767
2025-01-10 2020-12-31 13F/A-2 PROGRESSIVE COM 743315103 170,799 1,101 0.65 16,889 5.12 0.1136
2021-02-12 2020-12-31 13F PROGRESSIVE COM 743315103 170,799 1,101 16,888 0.1136
2020-11-12 2020-09-30 13F PROGRESSIVE COM 743315103 169,698 -1,339 -0.78 16,066 17.26 0.1233
2020-08-13 2020-06-30 13F PROGRESSIVE CORP OHIO COM 743315103 171,037 4,448 2.67 13,701 11.38 0.1159
2020-05-14 2020-03-31 13F PROGRESSIVE CORP OHIO COM 743315103 166,589 5,427 3.37 12,301 5.43 0.1271
2020-02-13 2019-12-31 13F PROGRESSIVE CORP OHIO COM 743315103 161,162 2,835 1.79 11,667 -4.60 0.1045
2019-11-13 2019-09-30 13F PROGRESSIVE CORP OHIO COM 743315103 158,327 4,567 2.97 12,230 -0.49 0.1168
2019-08-13 2019-06-30 13F PROGRESSIVE CORP OHIO COM 743315103 153,760 -9,796 -5.99 12,290 4.23 0.1214
2019-05-10 2019-03-31 13F/A-1 PROGRESSIVE CORP OHIO COM 743315103 163,556 19,430 13.48 11,791 35.61 0.1159
2019-05-10 2019-03-31 13F PROGRESSIVE CORP OHIO COM 743315103 163,556 19,430 11,791
2019-02-12 2018-12-31 13F PROGRESSIVE CORP OHIO COM 743315103 144,126 41,417 40.32 8,695 19.17 0.0972
2018-11-07 2018-09-30 13F PROGRESSIVE CORP OHIO COM 743315103 102,709 2,125 2.11 7,296 22.64 0.0708
2018-08-03 2018-06-30 13F PROGRESSIVE CORP OHIO COM 743315103 100,584 13,340 15.29 5,949 11.91 0.0618
2018-05-14 2018-03-31 13F PROGRESSIVE CORP OHIO COM 743315103 87,244 2,893 3.43 5,316 11.89 0.0581
2018-02-14 2017-12-31 13F PROGRESSIVE CORP OHIO COM 743315103 84,351 3,470 4.29 4,751 21.32 0.0550
2017-11-13 2017-09-30 13F PROGRESSIVE CORP OHIO COM 743315103 80,881 3,860 5.01 3,916 15.31 0.0506
2017-08-14 2017-06-30 13F PROGRESSIVE CORP OHIO COM 743315103 77,021 -81 -0.11 3,396 12.41 0.0457
2017-06-28 2017-03-31 13F/A-1 PROGRESSIVE CORP OHIO COM 743315103 77,102 2,432 3.26 3,021 13.96 0.0425
2017-05-12 2017-03-31 13F PROGRESSIVE CORP OHIO COM 743315103 77,102 3,021
2017-02-14 2016-12-31 13F PROGRESSIVE CORP OHIO COM 743315103 74,670 1,200 1.63 2,651 14.56 0.0478
2016-11-10 2016-09-30 13F PROGRESSIVE CORP OHIO COM 743315103 73,470 0 0.00 2,314 -5.97 0.0415
2016-08-12 2016-06-30 13F PROGRESSIVE CORP OHIO COM 743315103 73,470 0 0.00 2,461 -4.69 0.0460
2016-05-13 2016-03-31 13F PROGRESSIVE CORP OHIO COM 743315103 73,470 -310 -0.42 2,582 10.06 0.0492
2016-02-12 2015-12-31 13F PROGRESSIVE CORP OHIO COM 743315103 73,780 -800 -1.07 2,346 2.67 0.0454
2015-11-13 2015-09-30 13F PROGRESSIVE CORP OHIO COM 743315103 74,580 2,800 3.90 2,285 14.36 0.0458
2015-08-14 2015-06-30 13F PROGRESSIVE CORP OHIO COM 743315103 71,780 1,900 2.72 1,998 5.10 0.0370
2015-05-13 2015-03-31 13F PROGRESSIVE CORP OHIO COM 743315103 69,880 -460 -0.65 1,901 -0.63 0.0339
2015-02-13 2014-12-31 13F PROGRESSIVE CORP OHIO COM 743315103 70,340 -4,700 -6.26 1,913 0.84 0.0334
2014-11-14 2014-09-30 13F PROGRESSIVE CORP OHIO COM 743315103 75,040 -300 -0.40 1,897 -0.73 0.0335
2014-08-14 2014-06-30 13F PROGRESSIVE CORP OHIO COM 743315103 75,340 -900 -1.18 1,911 3.47 0.0353
2014-05-14 2014-03-31 13F PROGRESSIVE CORP OHIO COM 743315103 76,240 -3,580 -4.49 1,847 -15.16 0.0338
2014-02-14 2013-12-31 13F PROGRESSIVE CORP OHIO COM 743315103 79,820 -5,150 -6.06 2,177 -5.92 0.0391
2013-11-13 2013-09-30 13F PROGRESSIVE CORP OHIO COM 743315103 84,970 -35,793 -29.64 2,314 -24.63 0.0438
2013-08-13 2013-06-30 13F PROGRESSIVE CORP OHIO COM 743315103 120,763 120,763 3,070 0.0608
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.