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AI brief of an SEC Form 8-K · Progressive (PGR)

Progressive releases catastrophe reinsurance report; declares $0.10 quarterly dividend

Neutral Impact 2 of 5 other Written later

Progressive released a report on its Catastrophe Reinsurance Program on August 10, 2026, describing its reinsurance practices and the program it completed placing for June 1, 2026 to May 31, 2027. The Board also declared a quarterly common share dividend of $0.10 per share, payable October 9, 2026, to shareholders of record on October 1, 2026. The filing furnishes the report under Regulation FD and does not report new financial results.

Key points

  • Quarterly dividend of $0.10 per share declared August 7, 2026; payable October 9, 2026 to holders of record on October 1, 2026
  • Property per Occurrence XOL program retention is $300 million for a first event outside Florida and $75 million for a first event in Florida
  • Coverage limits, net of retention, are $1.85 billion for a first event outside Florida and $2.19 billion for a first event in Florida
  • Program renewed June 1, 2026 and covers losses occurring June 1, 2026 through May 31, 2027

The filing

CompanyProgressive (PGR)
Form8-K, current report
Filed with the SECAug 10, 2026, 4:45 PM ET
Accession number0000080661-26-000310

Items reported: 7.01 Regulation FD Disclosure

Read the filing on SEC.gov ↗

Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 2:16 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on August 10, 2026.

Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.