{"schema_version":"secwatch.filing_event.v1","accession":"0000080661-26-000310","form_type":"8-K","ticker":"PGR","cik":"0000080661","company_name":"PROGRESSIVE CORP/OH/","filed_at":"2026-08-10T20:45:11+00:00","discovered_at":"2026-08-10T20:46:00.311193+00:00","generated_at":"2026-08-10T20:46:09.252837+00:00","sec_items":["7.01","9.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"confidence":"high","headline":"Progressive declares $0.10 quarterly dividend; details 2026-2027 property cat reinsurance program","bullets":["Board declared quarterly dividend of $0.10/share, payable Oct 9, 2026, record date Oct 1, 2026.","Property per-occurrence XOL program (6/1/26-5/31/27): $300M retention outside FL, $75M in FL; coverage $2.19B FL first event, $1.85B outside.","Includes Bonanza Re cat bonds (Layer 4 $200M, Layer 6.A $75M) and multi-year traditional layers; Layers 1-3 have reinstatement protection.","Aggregate XOL: $237.5M coverage over $550M retention and $62.5M over $750M, effective Jan-Dec 2026.","Catastrophe modeling: gross PML $928.5M (1-in-50yr), $1.325B (1-in-100yr), $1.798B (1-in-250yr), $2.786B (1-in-1000yr)."],"urls":{"canonical":"https://secwatch.observer/filing/0000080661-26-000310","json":"https://secwatch.observer/filing/0000080661-26-000310.json","markdown":"https://secwatch.observer/filing/0000080661-26-000310.md","text":"https://secwatch.observer/filing/0000080661-26-000310.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/80661/000008066126000310/0000080661-26-000310-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/80661/000008066126000310/pgr-20260807.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-08-10T20:46:09.252837+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":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}