The Progressive Corporation
CH ˙ SWX ˙ US7433151039
SecurityCH:PGR / The Progressive Corporation
InstitutionBrown Advisory Inc
Latest Disclosed Ownership1,549,684 shares
Latest Disclosed Value $ 307,212,978
Brown Advisory Inc reports 47.37% decrease in ownership of PGR / The Progressive Corporation

On May 15, 2026 - Brown Advisory Inc filed a 13F-HR form disclosing ownership of 1,549,684 shares of The Progressive Corporation (CH:PGR) valued at $307,212,978 USD as of March 31, 2026. The entity filed a previous 13F-HR on February 13, 2026 disclosing 2,944,493 shares of The Progressive Corporation. This represents a change in shares of -47.37% 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 1,549,684 -1,394,809 -47.37 307,213 -54.18 0.5048
2026-02-13 2025-12-31 13F PROGRESSIVE COM 743315103 2,944,493 -328,781 -10.04 670,526 -17.05 0.9355
2025-11-14 2025-09-30 13F PROGRESSIVE COM 743315103 3,273,274 -1,072,335 -24.68 808,342 -30.30 1.0523
2025-08-13 2025-06-30 13F PROGRESSIVE COM 743315103 4,345,609 -542,763 -11.10 1,159,677 -16.18 1.5266
2025-04-30 2025-03-31 13F PROGRESSIVE COM 743315103 4,888,372 -584,557 -10.68 1,383,458 5.50 1.9771
2025-02-14 2024-12-31 13F PROGRESSIVE COM 743315103 5,472,929 -323,878 -5.59 1,311,369 -10.85 1.6634
2024-11-13 2024-09-30 13F PROGRESSIVE COM 743315103 5,796,807 43,504 0.76 1,470,998 23.09 1.8470
2024-08-14 2024-06-30 13F PROGRESSIVE COM 743315103 5,753,303 457,247 8.63 1,195,019 9.10 1.5622
2024-04-24 2024-03-31 13F PROGRESSIVE COM 743315103 5,296,056 2,415,114 83.83 1,095,330 138.70 1.4643
2024-02-08 2023-12-31 13F PROGRESSIVE COM 743315103 2,880,942 -77,869 -2.63 458,876 11.33 0.6451
2023-10-25 2023-09-30 13F PROGRESSIVE COM 743315103 2,958,811 415,485 16.34 412,162 22.43 0.6765
2023-07-31 2023-06-30 13F PROGRESSIVE COM 743315103 2,543,326 1,178,878 86.40 336,660 72.47 0.5259
2023-05-08 2023-03-31 13F PROGRESSIVE COM 743315103 1,364,448 1,338,942 5,249.52 195,198 5,800.76 0.3304
2023-02-13 2022-12-31 13F PROGRESSIVE COM 743315103 25,506 -5,273 -17.13 3,308 -7.52 0.0061
2022-11-14 2022-09-30 13F PROGRESSIVE COM 743315103 30,779 -255 -0.82 3,577 -0.89 0.0070
2022-11-14 2022-06-30 13F/A-2 PROGRESSIVE COM 743315103 31,034 -806 -2.53 3,609 -0.55 0.0068
2022-09-13 2022-06-30 13F/A-1 PROGRESSIVE COM 743315103 57,813 -64,226 6,722 0.0116
2022-08-02 2022-06-30 13F PROGRESSIVE COM 743315103 177,425 -806 18,616 0.0299
2022-11-14 2022-03-31 13F/A-2 PROGRESSIVE COM 743315103 31,840 -148,504 -82.34 3,629 -80.40 0.0054
2022-09-13 2022-03-31 13F/A-1 PROGRESSIVE COM 743315103 122,039 -58,305 13,911 0.0195
2022-05-09 2022-03-31 13F PROGRESSIVE COM 743315103 178,231 -2,113 18,640 0.0253
2022-01-27 2021-12-31 13F PROGRESSIVE COM 743315103 180,344 129,716 256.21 18,512 304.55 0.0229
2021-11-12 2021-09-30 13F PROGRESSIVE COM 743315103 50,628 16,434 48.06 4,576 36.27 0.0068
2021-07-29 2021-06-30 13F PROGRESSIVE COM 743315103 34,194 -1,443 -4.05 3,358 -1.44 0.0051
2021-05-14 2021-03-31 13F PROGRESSIVE COM 743315103 35,637 3,419 10.61 3,407 6.94 0.0058
2021-02-12 2020-12-31 13F PROGRESSIVE COM 743315103 32,218 -3,454 -9.68 3,186 -5.66 0.0057
2020-11-16 2020-09-30 13F PROGRESSIVE COM 743315103 35,672 -2,488 -6.52 3,377 10.47 0.0070
2020-08-14 2020-06-30 13F PROGRESSIVE CORP OHIO COM 743315103 38,160 -2,096 -5.21 3,057 2.83 0.0071
2020-05-15 2020-03-31 13F PROGRESSIVE CORP OHIO COM 743315103 40,256 -1,157 -2.79 2,973 -0.80 0.0091
2020-02-14 2019-12-31 13F PROGRESSIVE CORP OHIO COM 743315103 41,413 976 2.41 2,997 -4.07 0.0076
2019-11-14 2019-09-30 13F PROGRESSIVE CORP OHIO COM 743315103 40,437 -25 -0.06 3,124 -3.40 0.0088
2019-08-12 2019-06-30 13F PROGRESSIVE CORP OHIO COM 743315103 40,462 -51,174 -55.84 3,234 -51.04 0.0093
2019-05-15 2019-03-31 13F PROGRESSIVE CORP OHIO COM 743315103 91,636 -2,923 -3.09 6,606 15.81 0.0187
2019-02-13 2018-12-31 13F PROGRESSIVE CORP OHIO COM 743315103 94,559 -38,075 -28.71 5,704 -39.46 0.0192
2018-11-13 2018-09-30 13F PROGRESSIVE CORP OHIO COM 743315103 132,634 -37,636 -22.10 9,422 -6.44 0.0268
2018-08-10 2018-06-30 13F PROGRESSIVE CORP OHIO COM 743315103 170,270 128,128 304.04 10,071 292.33 0.0310
2018-06-28 2018-03-31 13F/A-1 PROGRESSIVE CORP OHIO COM 743315103 42,142 -2,425 -5.44 2,567 2.27 0.0083
2018-05-14 2018-03-31 13F PROGRESSIVE CORP OHIO COM 743315103 35,635 -8,932 2,171
2018-02-12 2017-12-31 13F PROGRESSIVE CORP OHIO COM 743315103 44,567 -2,167 -4.64 2,510 10.96 0.0079
2017-11-13 2017-09-30 13F PROGRESSIVE CORP OHIO COM 743315103 46,734 3,580 8.30 2,262 18.86 0.0075
2017-08-14 2017-06-30 13F PROGRESSIVE CORP OHIO COM 743315103 43,154 -3,416 -7.34 1,903 4.27 0.0058
2017-05-15 2017-03-31 13F PROGRESSIVE CORP OHIO COM 743315103 46,570 -1,827 -3.78 1,825 6.23 0.0062
2017-02-13 2016-12-31 13F PROGRESSIVE CORP OHIO COM 743315103 48,397 -19,512 -28.73 1,718 -19.68 0.0061
2016-11-14 2016-09-30 13F PROGRESSIVE CORP OHIO COM 743315103 67,909 13,031 23.75 2,139 16.31 0.0074
2016-08-09 2016-06-30 13F PROGRESSIVE CORP OHIO COM 743315103 54,878 1,165 2.17 1,839 -2.60 0.0065
2016-05-13 2016-03-31 13F PROGRESSIVE CORP OHIO COM 743315103 53,713 -1,481 -2.68 1,888 7.58 0.0065
2016-02-08 2015-12-31 13F PROGRESSIVE CORP OHIO COM 743315103 55,194 -577 -1.03 1,755 2.69 0.0060
2015-11-13 2015-09-30 13F PROGRESSIVE CORP OHIO COM 743315103 55,771 11,683 26.50 1,709 39.28 0.0061
2015-08-11 2015-06-30 13F PROGRESSIVE CORP OHIO COM 743315103 44,088 32,421 277.89 1,227 287.07 0.0040
2015-05-14 2015-03-31 13F PROGRESSIVE CORP OHIO COM 743315103 11,667 -137 -1.16 317 -0.31 0.0010
2015-02-13 2014-12-31 13F/A-1 PROGRESSIVE CORP OHIO COM 743315103 11,804 11,804 318 0.0010
2015-02-09 2014-12-31 13F PROGRESSIVE CORP OHIO COM 743315103 11,476 306
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.