The Progressive Corporation
MX ˙ BMV ˙ US7433151039
SecurityMX:PGR / The Progressive Corporation
InstitutionEmpirical Finance, LLC
Latest Disclosed Ownership19,592 shares
Latest Disclosed Value $ 3,883,918
Empirical Finance, LLC reports 0.15% decrease in ownership of PGR / The Progressive Corporation

On May 14, 2026 - Empirical Finance, LLC filed a 13F-HR/A form disclosing ownership of 19,592 shares of The Progressive Corporation (MX:PGR) valued at $3,883,918 USD as of March 31, 2026. The entity filed a previous 13F-HR on February 12, 2026 disclosing 19,621 shares of The Progressive Corporation. This represents a change in shares of -0.15% 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)
2026-05-14 2026-03-31 13F/A-1 PROGRESSIVE COM 743315103 19,592 -29 -0.15 3,884 -13.09 0.1825
2026-05-14 2026-03-31 13F PROGRESSIVE COM 743315103 19,592 -29 3,884 0.1825
2026-02-12 2025-12-31 13F PROGRESSIVE COM 743315103 19,621 -872 -4.26 4,468 -11.70 0.2131
2025-11-13 2025-09-30 13F PROGRESSIVE COM 743315103 20,493 203 1.00 5,061 -6.54 0.2409
2025-08-11 2025-06-30 13F PROGRESSIVE COM 743315103 20,290 129 0.64 5,415 -5.10 0.2835
2025-05-07 2025-03-31 13F PROGRESSIVE COM 743315103 20,161 290 1.46 5,706 19.83 0.3445
2025-01-28 2024-12-31 13F PROGRESSIVE COM 743315103 19,871 -244 -1.21 4,761 -6.72 0.2755
2024-11-06 2024-09-30 13F PROGRESSIVE COM 743315103 20,115 449 2.28 5,104 24.98 0.2976
2024-07-30 2024-06-30 13F PROGRESSIVE COM 743315103 19,666 -1,278 -6.10 4,085 -5.70 0.2552
2024-05-06 2024-03-31 13F PROGRESSIVE COM 743315103 20,944 708 3.50 4,332 34.38 0.2658
2024-02-14 2023-12-31 13F PROGRESSIVE COM 743315103 20,236 -32 -0.16 3,223 14.17 0.2248
2023-11-02 2023-09-30 13F PROGRESSIVE COM 743315103 20,268 1,993 10.91 2,823 16.70 0.2074
2023-07-27 2023-06-30 13F PROGRESSIVE COM 743315103 18,275 1,863 11.35 2,419 3.07 0.1874
2023-04-05 2023-03-31 13F PROGRESSIVE COM 743315103 16,412 810 5.19 2,348 16.02 0.2199
2023-02-21 2022-12-31 13F/A-1 PROGRESSIVE COM 743315103 15,602 1,194 8.29 2,024 20.85 0.2095
2023-01-24 2022-12-31 13F PROGRESSIVE COM 743315103 15,602 1,194 2 0.2096
2022-11-04 2022-09-30 13F PROGRESSIVE COM 743315103 14,408 2,353 19.52 1,674 19.40 0.1985
2022-08-01 2022-06-30 13F PROGRESSIVE COM 743315103 12,055 633 5.54 1,402 7.68 0.1787
2022-04-21 2022-03-31 13F PROGRESSIVE COM 743315103 11,422 1,214 11.89 1,302 24.24 0.1458
2022-02-04 2021-12-31 13F PROGRESSIVE COM 743315103 10,208 2,690 35.78 1,048 54.12 0.1237
2021-11-12 2021-09-30 13F PROGRESSIVE COM 743315103 7,518 419 5.90 680 -2.44 0.1025
2021-08-10 2021-06-30 13F/A-1 PROGRESSIVE COM 743315103 7,099 1,021 16.80 697 15.97 0.1136
2021-08-04 2021-06-30 13F PROGRESSIVE COM 743315103 6,078 0 601 0.1057
2021-05-13 2021-03-31 13F PROGRESSIVE COM 743315103 6,078 0 0.00 601 0.00 0.1057
2021-02-02 2020-12-31 13F PROGRESSIVE COM 743315103 6,078 1,040 20.64 601 26.00 0.1057
2020-10-28 2020-09-30 13F/A-1 PROGRESSIVE COM 743315103 5,038 1,008 25.01 477 47.68 0.1022
2020-07-20 2020-06-30 13F/A-1 PROGRESSIVE CORP OHIO COM 743315103 4,030 479 13.49 323 23.28 0.0826
2020-04-16 2020-03-31 13F PROGRESSIVE CORP OHIO COM 743315103 3,551 3,551 262 0.0814
2017-05-11 2017-03-31 13F PROGRESSIVE CORP OHIO COM 743315103 0 -262 -100.00 0 -100.00
2017-02-13 2016-12-31 13F PROGRESSIVE CORP OHIO COM 743315103 262 262 10 0.0067
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.