---
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"
generated_at: "2026-08-10T20:46:09.252837+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Progressive declares $0.10 quarterly dividend; details 2026-2027 property cat reinsurance program

## Summary
- 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).

## SEC filing metadata
- 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
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 7.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000080661-26-000310
- JSON: https://secwatch.observer/filing/0000080661-26-000310.json
- Plain text: https://secwatch.observer/filing/0000080661-26-000310.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.