PGR: Progressive Declares $13.50 2026 Dividend

Published: December 17, 2025

PROGRESSIVE CORP/OH/

Direct News

Board declared a $13.50 annual dividend for 2026 (announcement date: 2025-12-17).
Board indicated no change in dividend policy or frequency in the announcement.
Ticker: PGR (NYSE).

Historical Context

The dividend declaration arrives after a year of notable operational results and select one-time items. Earlier in 2025, Progressive recorded a material $950 million policyholder credit that affected Q3 results (2025-10-15). Separately, filings in mid-2025 reflected a significant increase in revenue and earnings (2025-09-17). 2025 filings also reported common dividends at $13.90 per share as part of the year's financial highlights. Today's declaration of a $13.50 annual dividend for 2026 should be viewed alongside those 2025 metrics and events when assessing forward income expectations.

Dividend and capital context

Progressive's board set the 2026 annual dividend at $13.50 per share in a 2025-12-17 declaration. Filings for 2025 show robust statutory results and capital metrics that provide context for the payout: statutory net income of $10,643 million, statutory surplus of $28,370 million and total capital of $37.2 billion with debt-to-total capital of 18.5%. The company reported strong underwriting performance in 2025—an underwriting profit margin of 12.6% (approximately $10.2 billion pretax underwriting profit) and net premiums written of $83.2 billion. Policies in force rose to 38.6 million. These operational results and capital levels help explain management's ability to support a sizable annual dividend while continuing limited share repurchases (0.7 million shares repurchased at an average price of $237.44 in 2025 filings).

Investor implications and risk considerations

For income-focused investors, the declared $13.50 annual dividend underscores Progressive's commitment to returning capital. Investors should weigh the yield against the company's capital position and growth profile: Progressive reported high premiums growth and a 26% return on equity (five-year context cited in filings). Risks that could influence future dividend decisions include exposure to regulated reinsurance programs (notably MCCA and other mandatory programs), interest-rate sensitivity in a fixed-maturity portfolio (over $70 billion fair value reported), investment volatility and catastrophe exposure in property lines. Filings also note $1,614 million of net admitted unrealized gains on securities within statutory surplus, which can affect admitted capital under regulatory rules.

Investor FAQ

The most effective approach is to maintain a factual perspective. Keep a close watch on further developments at PROGRESSIVE CORP/OH/ as they unfold. Use primary source data to validate your investment thesis rather than relying on delayed secondary reports.

You can set up an automated tracker on Portrak. Our system monitors official SEC filings in real-time, delivering the most critical insights to your phone or inbox seconds after publication—frequently before the information reaches major financial news platforms.

We believe quality intelligence should be accessible. Our business model is supported by professional investors with large, complex portfolios who utilize Portrak Pro. These users pay to automate the monitoring of extensive watchlists, saving hundreds of hours in research time, which allows us to keep the standard service free for individual investors tracking their core positions.

Setting up your automated intelligence pipeline is a simple 3-step process:

Create Your Free Account

Select Your Focus

Use the search bar to find companies like PROGRESSIVE CORP/OH/. Choose between monitoring specific events or receiving general market-moving intelligence. Our AI automatically determines what’s critical based on real-time market data and the company’s current profile.

Receive Real-Time Intelligence

Once activated, all official filings are analyzed instantly. Insights are delivered directly to your email or as a push notification if you use the Portrak mobile app.

Also available as a mobile app for iOS & Android—search for "Portrak"

More Strategic Insights

PGR

Jun 17, 2026

Direct News

Historical Context

Dividend and capital context

Investor implications and risk considerations

Investor FAQ

More Strategic Insights

PGR: Progressive Announces Leadership Changes

PGR: Progressive Names CFO Andrew Quigg

PGR: Progressive Reports Modest January 2026 Gains

Progressive Reports Strong YTD Growth (PGR)