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Consolidated Balance Sheets - USD ($)
Sep. 30, 2020
Dec. 31, 2019
Sep. 30, 2019
Assets      
Fixed maturities (amortized cost: $35,082.8, $32,134.9, and $32,643.1) $ 36,313,500,000 $ 33,110,300,000 $ 32,812,700,000
Short-term investments (amortized cost: $4,667.8, $1,467.4, and $1,798.8) 4,667,800,000 1,798,800,000 1,467,400,000
Total available-for-sale securities 40,981,300,000 34,909,100,000 34,280,100,000
Nonredeemable preferred stocks (cost: $1,302.7, $1,054.2, and $971.3) 1,323,200,000 1,038,900,000 1,128,500,000
Common equities (cost: $1,130.0, $1,210.3, and $1,125.5) 3,459,800,000 3,306,300,000 3,165,100,000
Total equity securities 4,783,000,000.0 4,345,200,000 4,293,600,000
Total investments 45,764,300,000 39,254,300,000 38,573,700,000
Cash and cash equivalents 90,100,000 226,200,000 45,900,000
Restricted cash 1,000,000.0 1,200,000 300,000
Cash and cash equivalents 91,100,000 227,400,000 46,200,000
Accrued investment income 181,500,000 181,300,000 182,500,000
Premiums receivable, net of allowance of $313.2, $258.8, and $283.2 8,574,300,000 7,507,300,000 7,687,200,000
Reinsurance recoverables 3,987,300,000 3,378,900,000 3,298,400,000
Prepaid reinsurance premiums 463,400,000 626,500,000 458,800,000
Deferred acquisition costs 1,265,000,000.0 1,056,500,000 1,093,700,000
Property and equipment, net of accumulated depreciation of $1,264.5, $1,085.3, and $1,138.1 1,181,600,000 1,213,700,000 1,214,200,000
Goodwill 452,700,000 452,700,000 452,700,000
Intangible assets, net of accumulated amortization of $312.0, $299.4, and $314.0 185,500,000 228,300,000 242,900,000
Other assets 744,100,000 768,400,000 757,800,000
Total assets 62,890,800,000 54,895,300,000 54,008,100,000
Liabilities      
Unearned premiums 14,199,300,000 12,388,800,000 12,526,500,000
Loss and loss adjustment expense reserves 19,589,200,000 18,105,400,000 17,370,000,000.0
Net deferred income taxes 213,900,000 132,500,000 136,000,000.0
Accounts payable, accrued expenses, and other liabilities 5,405,800,000 5,962,700,000 5,222,900,000
Debt [1] 5,395,400,000 4,407,100,000 4,406,500,000
Total liabilities 44,803,600,000 40,996,500,000 39,661,900,000
Redeemable noncontrolling interest (NCI) [2] 0 225,600,000 222,900,000
Shareholders’ Equity      
Serial Preferred Shares, Series B, no par value (cumulative, liquidation preference $1,000 per share) (authorized, issued, and outstanding 0.5) 493,900,000 493,900,000 493,900,000
Common shares, $1.00 par value (authorized 900.0; issued 797.5, including treasury shares of 211.9, 212.9, and 212.9) 585,600,000 584,600,000 584,600,000
Paid-in capital 1,629,400,000 1,573,400,000 1,539,100,000
Retained earnings 14,427,700,000 10,679,600,000 10,995,200,000
Accumulated other comprehensive income (loss):      
Net unrealized gains (losses) on fixed-maturity securities 966,400,000 360,800,000 531,000,000.0
Net unrealized losses on forecasted transactions (15,800,000) (16,400,000) (16,600,000)
Accumulated other comprehensive (income) loss attributable to NCI 0 (2,700,000) (3,900,000)
Total accumulated other comprehensive income (loss) attributable to Progressive 950,600,000 341,700,000 510,500,000
Total shareholders’ equity 18,087,200,000 13,673,200,000 14,123,300,000
Total liabilities, redeemable NCI, and shareholders’ equity $ 62,890,800,000 $ 54,895,300,000 $ 54,008,100,000
3.75% Senior Notes due 2021      
Debt, stated interest rate 3.75%    
Debt, face amount $ 500,000,000    
Senior Notes Three Point Two Zero Percent Due Twenty Thirty [Member]      
Debt, stated interest rate 3.20%    
[1] Consists of both short-term and long-term debt, including $500 million principal amount of 3.75% Senior Notes due August 2021. See Note 4 – Debt for further discussion.
[2] See Note 12 – Redeemable Noncontrolling Interest for further discussion.