The Progressive Corporation
MX ˙ BMV ˙ US7433151039
SecurityMX:PGR / The Progressive Corporation
InstitutionCibc World Markets Corp
Latest Disclosed Ownership82,848 shares
Latest Disclosed Value $ 18,866,147
Cibc World Markets Corp reports 12.31% increase in ownership of PGR / The Progressive Corporation

On February 12, 2026 - Cibc World Markets Corp filed a 13F-HR form disclosing ownership of 82,848 shares of The Progressive Corporation (MX:PGR) valued at $18,866,147 USD as of December 31, 2025. The entity filed a previous 13F-HR on August 14, 2025 disclosing 73,770 shares of The Progressive Corporation. This represents a change in shares of 12.31% 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)
2026-02-12 2025-12-31 13F PROGRESSIVE COM 743315103 82,848 9,078 12.31 18,866 -4.17 0.0908
2025-08-14 2025-06-30 13F PROGRESSIVE CORP OHIO COM COM 743315103 73,770 3,109 4.40 19,686 -1.56 0.1235
2025-05-13 2025-03-31 13F PROGRESSIVE CORP OHIO COM COM 743315103 70,661 -21,736 -23.52 19,998 -9.68 0.1573
2025-02-10 2024-12-31 13F PROGRESSIVE CORP OHIO COM COM 743315103 92,397 -51,056 -35.59 22,139 -39.18 0.1296
2024-11-13 2024-09-30 13F PROGRESSIVE CORP OHIO COM COM 743315103 143,453 -83,794 -36.87 36,403 -22.88 0.2625
2024-08-12 2024-06-30 13F PROGRESSIVE CORP OHIO COM COM 743315103 227,247 -6,291 -2.69 47,201 -2.28 0.3091
2024-05-13 2024-03-31 13F PROGRESSIVE CORP OHIO COM COM 743315103 233,538 97,847 72.11 48,300 123.49 0.3167
2024-02-13 2023-12-31 13F PROGRESSIVE CORP COM COM 743315103 135,691 41,682 44.34 21,613 65.04 0.1178
2023-11-13 2023-09-30 13F PROGRESSIVE CORP OHIO COM COM 743315103 94,009 -136,371 -59.19 13,095 -57.06 0.1283
2023-08-04 2023-06-30 13F PROGRESSIVE CORP OHIO COM COM 743315103 230,380 153,546 199.84 30,495 177.45 0.2476
2023-05-11 2023-03-31 13F PROGRESSIVE CORP OHIO COM COM 743315103 76,834 -116,677 -60.29 10,992 -56.21 0.1794
2023-02-09 2022-12-31 13F PROGRESSIVE CORP OHIO COM COM 743315103 193,511 96,918 100.34 25,100 123.61 0.1690
2022-11-14 2022-09-30 13F PROGRESSIVE CORP OHIO COM COM 743315103 96,593 -35,110 -26.66 11,225 -26.70 0.1560
2022-08-12 2022-06-30 13F PROGRESSIVE CORP OHIO COM COM 743315103 131,703 -5,412 -3.95 15,313 -2.03 0.1439
2022-05-13 2022-03-31 13F PROGRESSIVE CORP OHIO COM COM 743315103 137,115 11,043 8.76 15,630 20.78 0.1221
2022-02-11 2021-12-31 13F PROGRESSIVE CORP OHIO COM COM 743315103 126,072 -28,516 -18.45 12,941 -7.39 0.0688
2021-11-12 2021-09-30 13F PROGRESSIVE CORP OHIO COM COM 743315103 154,588 5,533 3.71 13,973 -4.55 0.0950
2021-08-10 2021-06-30 13F PROGRESSIVE CORP OHIO COM COM 743315103 149,055 -18,862 -11.23 14,639 -8.82 0.1019
2021-05-07 2021-03-31 13F PROGRESSIVE CORP OHIO COM COM 743315103 167,917 -67,424 -28.65 16,055 -31.01 0.1001
2021-02-12 2020-12-31 13F PROGRESSIVE CORP OHIO COM COM 743315103 235,341 29,708 14.45 23,271 19.54 0.1171
2020-11-12 2020-09-30 13F PROGRESSIVE CORP OHIO COM COM 743315103 205,633 20,057 10.81 19,467 30.95 0.1896
2020-08-12 2020-06-30 13F PROGRESSIVE CORP OHIO COM COM 743315103 185,576 23,533 14.52 14,866 24.25 0.1595
2020-05-12 2020-03-31 13F PROGRESSIVE CORP OHIO COM COM 743315103 162,043 92,907 134.38 11,965 139.06 0.1529
2020-02-13 2019-12-31 13F PROGRESSIVE CORP OHIO COM COM 743315103 69,136 522 0.76 5,005 -5.57 0.0324
2019-11-12 2019-09-30 13F PROGRESSIVE CORP OHIO COM COM 743315103 68,614 -41,581 -37.73 5,300 -39.83 0.0494
2019-08-13 2019-06-30 13F PROGRESSIVE CORP OHIO COM COM 743315103 110,195 31,089 39.30 8,808 54.45 0.0679
2019-05-14 2019-03-31 13F PROGRESSIVE CORP OHIO COM COM 743315103 79,106 -2,304 -2.83 5,703 16.13 0.0466
2019-02-13 2018-12-31 13F/A-1 PROGRESSIVE CORP OHIO COM COM 743315103 81,410 4,564 5.94 4,911 -10.04 0.0457
2019-02-13 2018-12-31 13F PROGRESSIVE CORP OHIO COM COM 743315103 81,410 4,564 4,911
2018-11-13 2018-09-30 13F PROGRESSIVE CORP OHIO COM COM 743315103 76,846 -5,419 -6.59 5,459 12.19 0.0465
2018-08-13 2018-06-30 13F PROGRESSIVE CORP OHIO COM COM 743315103 82,265 6,780 8.98 4,866 5.81 0.0420
2018-05-11 2018-03-31 13F PROGRESSIVE CORP OHIO COM COM 743315103 75,485 -42,145 -35.83 4,599 -30.58 0.0489
2018-02-13 2017-12-31 13F PROGRESSIVE CORP OHIO COM COM 743315103 117,630 32,879 38.79 6,625 61.43 0.0476
2017-11-14 2017-09-30 13F PROGRESSIVE CORP OHIO COM COM 743315103 84,751 -437,436 -83.77 4,104 -82.17 0.0394
2017-08-11 2017-06-30 13F PROGRESSIVE CORP OHIO COM COM 743315103 522,187 -238,448 -31.35 23,023 -22.75 0.2436
2017-05-10 2017-03-31 13F PROGRESSIVE CORP OHIO COM COM 743315103 760,635 20,841 2.82 29,802 13.48 0.2422
2017-02-13 2016-12-31 13F PROGRESSIVE CORP OHIO COM COM 743315103 739,794 739,794 26,263 0.2688
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.