The Progressive Corporation
MX ˙ BMV ˙ US7433151039
SecurityMX:PGR / The Progressive Corporation
InstitutionProspector Partners Llc
Latest Disclosed Ownership21,290 shares
Latest Disclosed Value $ 4,848,159
Prospector Partners Llc reports 60.46% decrease in ownership of PGR / The Progressive Corporation

On February 13, 2026 - Prospector Partners Llc filed a 13F-HR form disclosing ownership of 21,290 shares of The Progressive Corporation (MX:PGR) valued at $4,848,159 USD as of December 31, 2025. The entity filed a previous 13F-HR on November 7, 2025 disclosing 53,841 shares of The Progressive Corporation. This represents a change in shares of -60.46% 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)
2026-02-13 2025-12-31 13F PROGRESSIVE COM 743315103 21,290 -32,551 -60.46 4,848 -63.54 10.3813
2025-11-07 2025-09-30 13F PROGRESSIVE COM 743315103 53,841 -15,060 -21.86 13,296 -27.68 1.5887
2025-08-08 2025-06-30 13F PROGRESSIVE COM 743315103 68,901 -2,916 -4.06 18,387 -9.54 2.1018
2025-05-13 2025-03-31 13F PROGRESSIVE COM 743315103 71,817 -6,333 -8.10 20,325 8.54 2.2903
2025-02-13 2024-12-31 13F PROGRESSIVE COM 743315103 78,150 -37,254 -32.28 18,726 -36.06 2.0775
2024-11-13 2024-09-30 13F PROGRESSIVE COM 743315103 115,404 509 0.44 29,285 22.71 3.0637
2024-08-13 2024-06-30 13F PROGRESSIVE COM 743315103 114,895 1,070 0.94 23,865 1.37 2.6677
2024-05-09 2024-03-31 13F PROGRESSIVE COM 743315103 113,825 2,525 2.27 23,541 32.80 2.5884
2024-02-09 2023-12-31 13F PROGRESSIVE COM 743315103 111,300 275 0.25 17,728 14.63 2.2138
2023-11-13 2023-09-30 13F PROGRESSIVE COM 743315103 111,025 26,495 31.34 15,466 38.22 2.0822
2023-08-10 2023-06-30 13F PROGRESSIVE COM 743315103 84,530 4,950 6.22 11,189 -1.71 1.5612
2023-05-08 2023-03-31 13F PROGRESSIVE COM 743315103 79,580 400 0.51 11,385 10.85 1.5836
2023-02-15 2022-12-31 13F PROGRESSIVE COM 743315103 79,180 -17,095 -17.76 10,270 -8.21 1.4045
2022-11-10 2022-09-30 13F PROGRESSIVE COM 743315103 96,275 0 0.00 11,188 -0.05 1.6657
2022-08-11 2022-06-30 13F PROGRESSIVE COM 743315103 96,275 825 0.86 11,194 2.89 1.6300
2022-05-12 2022-03-31 13F PROGRESSIVE COM 743315103 95,450 -6,550 -6.42 10,880 3.92 1.3452
2022-02-11 2021-12-31 13F PROGRESSIVE COM 743315103 102,000 -1,650 -1.59 10,470 11.75 1.2104
2021-11-10 2021-09-30 13F PROGRESSIVE COM 743315103 103,650 -2,900 -2.72 9,369 -10.46 1.2031
2021-08-11 2021-06-30 13F PROGRESSIVE COM 743315103 106,550 1,450 1.38 10,464 4.13 1.3175
2021-05-13 2021-03-31 13F PROGRESSIVE COM 743315103 105,100 -13,450 -11.35 10,049 -14.27 1.2853
2021-02-11 2020-12-31 13F PROGRESSIVE COM 743315103 118,550 -1,950 -1.62 11,722 2.75 1.4573
2020-11-13 2020-09-30 13F PROGRESSIVE COM 743315103 120,500 6,900 6.07 11,408 25.36 1.7152
2020-08-14 2020-06-30 13F PROGRESSIVE CORP OHIO COM 743315103 113,600 -20,400 -15.22 9,100 -8.03 1.5827
2020-05-13 2020-03-31 13F PROGRESSIVE CORP OHIO COM 743315103 134,000 800 0.60 9,895 2.62 1.8691
2020-02-13 2019-12-31 13F PROGRESSIVE CORP OHIO COM 743315103 133,200 1,800 1.37 9,642 -5.01 1.3536
2019-11-13 2019-09-30 13F PROGRESSIVE CORP OHIO COM 743315103 131,400 -8,100 -5.81 10,151 -8.96 1.4836
2019-08-14 2019-06-30 13F PROGRESSIVE CORP OHIO COM 743315103 139,500 400 0.29 11,150 11.19 1.5292
2019-05-15 2019-03-31 13F PROGRESSIVE CORP OHIO COM 743315103 139,100 1,000 0.72 10,028 20.36 1.5203
2019-02-13 2018-12-31 13F PROGRESSIVE CORP OHIO COM 743315103 138,100 500 0.36 8,332 -14.76 1.2982
2018-11-13 2018-09-30 13F PROGRESSIVE CORP OHIO COM 743315103 137,600 2,700 2.00 9,775 22.51 1.3495
2018-08-13 2018-06-30 13F PROGRESSIVE CORP OHIO COM 743315103 134,900 -1,300 -0.95 7,979 -3.86 1.1127
2018-05-14 2018-03-31 13F PROGRESSIVE CORP OHIO COM 743315103 136,200 -3,500 -2.51 8,299 5.48 1.2125
2018-02-13 2017-12-31 13F PROGRESSIVE CORP OHIO COM 743315103 139,700 -6,100 -4.18 7,868 11.44 1.1470
2017-11-14 2017-09-30 13F PROGRESSIVE CORP OHIO COM 743315103 145,800 -49,600 -25.38 7,060 -18.05 1.0704
2017-08-11 2017-06-30 13F PROGRESSIVE CORP OHIO COM 743315103 195,400 -7,100 -3.51 8,615 8.58 1.3523
2017-05-12 2017-03-31 13F PROGRESSIVE CORP OHIO COM 743315103 202,500 -700 -0.34 7,934 9.98 1.2125
2017-02-14 2016-12-31 13F PROGRESSIVE CORP OHIO COM 743315103 203,200 28,100 16.05 7,214 30.78 1.0700
2016-11-14 2016-09-30 13F PROGRESSIVE CORP OHIO COM 743315103 175,100 5,900 3.49 5,516 -2.68 0.8793
2016-08-12 2016-06-30 13F PROGRESSIVE CORP OHIO COM 743315103 169,200 500 0.30 5,668 -4.39 0.9612
2016-05-16 2016-03-31 13F PROGRESSIVE CORP OHIO COM 743315103 168,700 -2,600 -1.52 5,928 8.83 1.0226
2016-02-16 2015-12-31 13F PROGRESSIVE CORP OHIO COM 743315103 171,300 -15,800 -8.44 5,447 -4.99 0.9704
2015-11-16 2015-09-30 13F PROGRESSIVE CORP OHIO COM 743315103 187,100 -54,200 -22.46 5,733 -14.62 0.8260
2015-08-14 2015-06-30 13F PROGRESSIVE CORP OHIO COM 743315103 241,300 45,400 23.18 6,715 26.03 0.7943
2015-05-15 2015-03-31 13F PROGRESSIVE CORP OHIO COM 743315103 195,900 0 0.00 5,328 0.78 0.4010
2015-02-13 2014-12-31 13F PROGRESSIVE CORP OHIO COM 743315103 195,900 -54,000 -21.61 5,287 -16.31 0.4011
2014-11-14 2014-09-30 13F PROGRESSIVE CORP OHIO COM 743315103 249,900 0 0.00 6,317 -0.32 0.3461
2014-08-14 2014-06-30 13F PROGRESSIVE CORP OHIO COM 743315103 249,900 -114,100 -31.35 6,337 -28.12 0.3035
2014-05-15 2014-03-31 13F PROGRESSIVE CORP OHIO COM 743315103 364,000 -14,400 -3.81 8,816 -14.57 0.4200
2014-02-14 2013-12-31 13F PROGRESSIVE CORP OHIO COM 743315103 378,400 0 0.00 10,319 0.15 0.4591
2013-11-14 2013-09-30 13F PROGRESSIVE CORP OHIO COM 743315103 378,400 0 0.00 10,304 7.12 0.4683
2013-08-12 2013-06-30 13F PROGRESSIVE CORP OHIO COM 743315103 378,400 378,400 9,619 0.4741
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.