secwatch.observer — SEC 8-K summary
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Issuer:     PROGRESSIVE CORP/OH/ (PGR)
CIK:        0000080661
Form:       8-K
Filed at:   2023-09-15T23:59:59+00:00
Accession:  0000080661-23-000045
Event type: other_material
Sentiment:  neutral
Materiality: 0.65
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Progressive August 2023: Net premiums written up 16% to $4.74B; combined ratio worsens to 97.2
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- Net premiums written $4.74B (+16% YoY); net premiums earned $4.60B (+20%).
- Combined ratio 97.2, up 3.6 pts from 93.6, driven by catastrophe losses including Hurricane Idalia.
- Net income $147.6M ($0.25 diluted EPS), up 23% from $119.7M; YTD net income $1.55B, +167%.
- Companywide policies in force 29.57M, up 11% YoY; personal auto policies up 13%.
- YTD combined ratio 98.1; book value per share $28.93; trailing ROE 10.4%.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/80661/000008066123000045/0000080661-23-000045-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/80661/000008066123000045/pgr-20230915.htm
  HTML page:      https://secwatch.observer/filing/0000080661-23-000045

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer