The Progressive Corporation
MX ˙ BMV ˙ US7433151039
SecurityMX:PGR / The Progressive Corporation
InstitutionVarma Mutual Pension Insurance Co
Latest Disclosed Ownership110,044 shares
Latest Disclosed Value $ 21,815,123
Varma Mutual Pension Insurance Co ownership in PGR / The Progressive Corporation

On May 5, 2026 - Varma Mutual Pension Insurance Co filed a 13F-HR form disclosing ownership of 110,044 shares of The Progressive Corporation (MX:PGR) valued at $21,815,123 USD as of March 31, 2026. The entity filed a previous 13F-HR on February 2, 2026 disclosing 110,044 shares of The Progressive Corporation. This represents a change in shares of 0.00% 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)
2026-05-05 2026-03-31 13F PROGRESSIVE COM 743315103 110,044 0 0.00 21,815 -12.95 0.1285
2026-02-02 2025-12-31 13F PROGRESSIVE COM 743315103 110,044 11,600 11.78 25,059 3.08 0.1515
2025-11-06 2025-09-30 13F PROGRESSIVE COM 743315103 98,444 17,800 22.07 24,311 12.96 0.1559
2025-08-07 2025-06-30 13F PROGRESSIVE COM 743315103 80,644 0 0.00 21,521 -5.71 0.1586
2025-05-13 2025-03-31 13F PROGRESSIVE COM 743315103 80,644 -8,400 -9.43 22,823 6.97 0.1963
2025-02-07 2024-12-31 13F PROGRESSIVE COM 743315103 89,044 -29,000 -24.57 21,336 -25.57 0.1621
2024-11-12 2024-09-30 13F PROGRESSIVE COM 743315103 118,044 -5,600 -4.53 28,665 11.61 0.2270
2024-08-06 2024-06-30 13F PROGRESSIVE COM 743315103 123,644 -9,756 -7.31 25,682 -6.91 0.2065
2024-05-13 2024-03-31 13F PROGRESSIVE CORP OH COM COM 743315103 133,400 110,500 482.53 27,590 656.48 0.2390
2024-02-13 2023-12-31 13F PROGRESSIVE COM 743315103 22,900 22,900 3,648 0.0410
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.