PROGRESSIVE CORP/OH/
For the period ended Sep 30, 2025. Filed Nov 3, 2025.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2025 · Filed Nov 3, 2025
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Item 1A. Risk Factors
There have been no material changes in the risk factors from those discussed in Item 1A, Risk Factors included in our Annual Report on Form 10-K for the year ended December 31, 2024.
(c) Share Repurchases
| ISSUER PURCHASES OF EQUITY SECURITIES | ||||
|---|---|---|---|---|
| 2025 Calendar Month | TotalNumber ofSharesPurchased | AveragePricePaidPer Share | Total Number of SharesPurchased as Part ofPublicly AnnouncedPlans or Programs | Maximum Number ofShares That May Yet bePurchased Under thePlans or Programs |
| July | 149,112 | $249.68 | 179,274 | 24,820,726 |
| August | 87 | 243.31 | 179,361 | 24,820,639 |
| September | 14,587 | 242.04 | 193,948 | 24,806,052 |
| Total | 163,786 | $248.99 | ||
Progressive’s financial policies state that we will repurchase shares to neutralize dilution from equity-based compensation in the year of issuance and as an option to effectively use under-leveraged capital.
In May 2025, the Board of Directors approved an authorization for the company to repurchase up to 25 million of its common shares. This authorization does not have an expiration date. Share repurchases under this authorization may be accomplished through open market purchases, including trading plans entered into with one or more brokerage firms in accordance with Rule 10b5-1 under the Securities Exchange Act of 1934, through privately negotiated transactions, pursuant to our equity incentive awards, or otherwise. During the third quarter 2025, all repurchases were accomplished in conjunction with our equity incentive awards or through the open market at the then-current market prices.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.