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SCHEDULE III - Supplementary Insurance Information
12 Months Ended
Dec. 31, 2023
Text Block [Abstract]  
SCHEDULE III - Supplementary Insurance Information
SCHEDULE III — SUPPLEMENTARY INSURANCE INFORMATION
THE PROGRESSIVE CORPORATION AND SUBSIDIARIES
(millions)
 
Segment
Deferred
policy
acquisition costs
Future
policy
benefits,
losses,
claims,
and
loss expenses
1
Unearned premiums1
Other
policy
claims
and
benefits payable
Premium revenue
Net
investment income
1,2
Benefits,
claims,
losses, and
settlement expenses
Amortization
of deferred
policy
acquisition costs
Other
operating expenses
1
Net premiums
written
Year ended December 31, 2023:
Personal Lines$46,213.3 $35,972.4 $3,169.1 $4,928.6 $48,581.0 
Commercial Lines9,898.7 7,899.7 1,004.7 1,020.8 10,138.3 
Property2,551.4 1,776.3 491.0 281.4 2,830.6 
Other indemnity1.0 6.2 0.3 10.7 0.3 
Total$1,687.4 $34,389.2 $20,133.7 $$58,664.4 $1,865.6 $45,654.6 $4,665.1 $6,241.5 $61,550.2 
Year ended December 31, 2022:
Personal Lines$37,880.2 $29,680.8 $2,592.1 $4,668.9 $39,278.5 
Commercial Lines9,088.3 6,544.7 913.3 947.7 9,398.8 
Property2,270.0 1,891.3 411.1 235.3 2,401.7 
Other indemnity2.7 5.9 0.5 7.7 2.1 
Total$1,544.4 $30,359.3 $17,293.6 $$49,241.2 $1,236.0 $38,122.7 $3,917.0 $5,859.6 $51,081.1 
Year ended December 31, 2021:
Personal Lines$35,373.3 $27,043.1 $2,614.7 $4,656.8 $36,168.8 
Commercial Lines6,945.2 4,814.5 734.1 742.3 8,015.9 
Property2,042.5 1,764.6 362.9 253.0 2,216.2 
Other indemnity7.7 5.4 1.1 2.6 4.3 
Total$1,355.6 $26,164.1 $15,615.8 $$44,368.7 $835.4 $33,627.6 $3,712.8 $5,654.7 $46,405.2 
1 Progressive does not allocate assets, liabilities, or investment income to operating segments. Expense allocations are based on certain assumptions and estimates primarily related to revenue and volume; stated segment operating results would change if different methods were applied.
2 Excludes total net realized gains (losses) on securities.