{"schema_version":"secwatch.filing_event.v1","accession":"0000080661-23-000019","form_type":"8-K","ticker":"PGR","cik":"0000080661","company_name":"PROGRESSIVE CORP/OH/","filed_at":"2023-04-13T23:59:59+00:00","discovered_at":"2026-05-14T18:03:42.312007+00:00","generated_at":"2026-06-17T02:51:14.914009+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Progressive reports March net loss of $151.8M on unfavorable reserve development, combined ratio 106.2","bullets":["March net loss of $151.8M ($0.26 diluted loss) vs net income of $226.5M ($0.38) in March 2022.","Combined ratio of 106.2 worsened 9.0 pts from 97.2 last year; Q1 combined ratio 99.0 vs 94.5.","Unfavorable prior accident years reserve development of 3.4 pts in March; 55% from personal auto driven by Florida legislation.","Net premiums written grew 19% to $4.72B; policies in force up 9% to 28.8M.","Book value per share $27.97; trailing 12-month ROE on net income 5.3%."],"urls":{"canonical":"https://secwatch.observer/filing/0000080661-23-000019","json":"https://secwatch.observer/filing/0000080661-23-000019.json","markdown":"https://secwatch.observer/filing/0000080661-23-000019.md","text":"https://secwatch.observer/filing/0000080661-23-000019.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/80661/000008066123000019/0000080661-23-000019-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/80661/000008066123000019/pgr-20230413.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-17T02:51:14.914009+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"d1d6e7ae489815c18e1b72f2bceead0f0213376f","claim":"PROGRESSIVE CORP/OH/ reported financial results for the month of, and year-to-date period ended, March 2023.","evidence_excerpt":"On April 13, 2023, The Progressive Corporation (“the Company”) issued a news release containing financial results for the Company and its consolidated subsidiaries for the month of, and year-to-date period ended, March 2023.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/80661/000008066123000019/0000080661-23-000019-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the month of, and year-to-date period ended, March 2023"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}