PROGRESSIVE CORP/OH/ — Form 8-K
Filed August 10, 2026 · analyzed by the 8-K Agent
8-K
— Neutral
significance 28/100
What the filing says
Progressive completed placement of its 2026-2027 Property Catastrophe Reinsurance program effective June 1, 2026. The per-occurrence program provides $2.19B coverage for Florida events and $1.85B for non-Florida events, with $300M retention outside Florida and $75M in Florida. Additional aggregate XOL coverage of $300M and special lines coverage total approximately $4.04B in reinsurance protection against hurricane, severe weather, and other catastrophic perils.
Why this rating
Routine annual reinsurance program renewal. Coverage amounts (~$4B) are modest relative to $156B market cap (2.6%). Standard risk management practice; no material change in strategy or outcomes disclosed.
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