{"schema_version":"secwatch.filing_event.v1","accession":"0000080661-24-000002","form_type":"8-K","ticker":"PGR","cik":"0000080661","company_name":"PROGRESSIVE CORP/OH/","filed_at":"2024-01-24T23:59:59+00:00","discovered_at":"2026-05-14T18:03:26.969854+00:00","generated_at":"2026-06-06T19:38:13.600692+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"Progressive Q4 net income up 141% to $1.99B; combined ratio improves 5.2 pts to 88.7%","bullets":["Q4 net income $1,987.8M ($3.37 diluted EPS) vs $826.4M ($1.40) a year ago.","Full year net premiums written $61.55B (+20% YoY); combined ratio 94.9% vs 98.4% in 2022.","December personal auto incurred frequency lowest in 20+ years, boosting underwriting.","Board authorizes redemption of all Series B preferred shares ($500M) on Feb 22, 2024.","Q4 net premiums earned $15.77B (+22% YoY); investment income $141.7M."],"urls":{"canonical":"https://secwatch.observer/filing/0000080661-24-000002","json":"https://secwatch.observer/filing/0000080661-24-000002.json","markdown":"https://secwatch.observer/filing/0000080661-24-000002.md","text":"https://secwatch.observer/filing/0000080661-24-000002.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/80661/000008066124000002/0000080661-24-000002-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/80661/000008066124000002/pgr-20240124.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-06T19:38:13.600692+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":"aa44e208c2bfbb77ff3f315dcf11b37859b2d80c","claim":"PROGRESSIVE CORP/OH/ reported December 2023 and the fourth quarter of 2023 results: net income $ 1,987.8, EPS $ 3.37.","evidence_excerpt":"The Progressive Corporation (NYSE:PGR) today reported the following results for December 2023 and the fourth quarter of 2023: December Quarter (millions, except per share amounts and ratios; unaudited) 2023 2023 2022 Change Net premiums written $ 4,875.9 $ 15,129.8 $ 12,460.2 21 % Net premiums earned $ 5,310.4 $ 15,772.6 $ 12,891.5 22 % Net income $ 901.2 $ 1,987.8 $ 826.4 141 % Per share available to common shareholders $ 1.53 $ 3.37 $ 1.40 141 %","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/80661/000008066124000002/0000080661-24-000002-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"December 2023 and the fourth quarter of 2023"},{"label":"Net income","value":"$ 1,987.8"},{"label":"EPS","value":"$ 3.37"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"ab0b1db0940d9018815a604f6fc5ac540a8dd7b8","claim":"PROGRESSIVE CORP/OH/ reported month of, and year ended, December 2023 results: net income $ 3,902.4, EPS $ 6.58.","evidence_excerpt":"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 ended, December 2023 and selected quarterly financial results.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/80661/000008066124000002/0000080661-24-000002-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"month of, and year ended, December 2023"},{"label":"Net income","value":"$ 3,902.4"},{"label":"EPS","value":"$ 6.58"},{"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"}