1 unchanged sentence
Market Information
−Removed: Progressive’s Common Shares, $1.00 par value, are traded on the New York Stock Exchange (NYSE) under the symbol PGR.
+Added: The Progressive Corporation’s Common Shares, $1.00 par value, are traded on the New York Stock Exchange (NYSE) under the symbol PGR.
We had 1,614 shareholders of record on January 31, 2025.
18 unchanged sentences
Total 325 $ 255.41
+Added: Progressive’s financial policies state that we will repurchase shares to neutralize dilution from equity-based compensation in the year of issuance and as an option to effectively use under-leveraged capital.
+Added: See Note 9 – Employee Benefit Plans “Incentive Compensation Plans - Employees” and “Incentive Compensation Plans - Directors” in our Annual Report, for a summary of our restricted equity grants.
In May 2024, the Board of Directors approved an authorization for the company to repurchase up to 25 million of its common shares.
1 unchanged sentence
Share repurchases under this authorization may be accomplished through open market purchases, including trading plans entered into with one or more brokerage firms in accordance with Rule 10b5-1 under the Securities Exchange Act of 1934, through privately negotiated transactions, pursuant to our equity incentive awards, or otherwise.
−Removed: During the fourth quarter 2023, all repurchases were accomplished in conjunction with our equity incentive awards or through the open market at the then-current market prices.
−Removed: Progressive’s financial policies state that we will repurchase shares to neutralize dilution from equity-based compensation in the year of issuance and as an option to effectively use under-leveraged capital.
−Removed: See Note 9 – Employee Benefit Plans , “Incentive Compensation Plans” in our Annual Report, for a summary of our restricted equity grants.
−Removed: SELECTED FINANCIAL DATA [Reserved]
+Added: During the fourth quarter 2024, all repurchases were accomplished in conjunction with our equity incentive awards at the then-current market prices;
+Added: there were no open market purchases during the quarter.
MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS
7 unchanged sentences
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.