The Progressive Corporation bonds PGR
Who owns The Progressive Corporation's debt and what their own filings say it is worth. Bond prices and yields are fund-reported marks (SEC Form N-PORT) as of Jul 2026; they lag the market by about two months. PGR stock page.
Every bond funds hold
Each bond's latest fund-reported mark. Price per 100 of face value; yield to maturity from price, coupon and maturity; spread over the matched-maturity Treasury for US-dollar bonds.
| Bond | Coupon | Maturity | Ccy | Price | Yield | Spread | Funds | Held | As of |
|---|---|---|---|---|---|---|---|---|---|
| 743315AR4 | 2.45% fixed | 2027-01-15 | USD | 99.18 | 4.29% | 47 bp | 3 | $4.2M | Jul 2026 |
| 743315AY9 | 2.5% fixed | 2027-03-15 | USD | 98.90 | 4.31% | 42 bp | 4 | $4.4M | Jul 2026 |
| 743315AV5 | 4% fixed | 2029-03-01 | USD | 98.51 | 4.62% | 37 bp | 7 | $6.3M | Jul 2026 |
| 743315AJ2 | 6.63% fixed | 2029-03-01 | USD | 104.74 | 4.66% | 42 bp | 4 | $4.2M | Jul 2026 |
| 743315AW3 | 3.2% fixed | 2030-03-26 | USD | 94.58 | 4.84% | 55 bp | 9 | $4.1M | Jul 2026 |
| 743315BC6 | 4.6% fixed | 2031-03-26 | USD | 98.62 | 4.93% | 62 bp | 13 | $44.7M | Jul 2026 |
| 743315AZ6 | 3% fixed | 2032-03-15 | USD | 90.39 | 4.98% | 61 bp | 8 | $15.3M | Jul 2026 |
| 743315AL7 | 6.25% fixed | 2032-12-01 | USD | 106.71 | 5.00% | 58 bp | 6 | $3.9M | Jul 2026 |
| 743315BB8 | 4.95% fixed | 2033-06-15 | USD | 99.18 | 5.09% | 64 bp | 7 | $3.3M | Jul 2026 |
| 743315BD4 | 5.15% fixed | 2036-03-26 | USD | 97.90 | 5.43% | 85 bp | 17 | $71.8M | Jul 2026 |
| 743315AP8 | 4.35% fixed | 2044-04-25 | USD | 81.83 | 6.03% | 104 bp | 3 | $652K | Jul 2026 |
| 743315AQ6 | 3.7% fixed | 2045-01-26 | USD | 74.80 | 5.97% | 94 bp | 2 | $632K | Jul 2026 |
| 743315AS2 | 4.125% fixed | 2047-04-15 | USD | 77.56 | 6.04% | 93 bp | 8 | $3.6M | Jul 2026 |
| 743315AT0 | 4.2% fixed | 2048-03-15 | USD | 78.18 | 6.02% | 91 bp | 9 | $3.3M | Jul 2026 |
| 743315AX1 | 3.95% fixed | 2050-03-26 | USD | 74.11 | 6.02% | 91 bp | 5 | $1.9M | Jul 2026 |
| 743315BA0 | 3.7% fixed | 2052-03-15 | USD | 69.83 | 6.03% | 92 bp | 6 | $1.7M | Jul 2026 |
Spread history
Median spread of the US-dollar bonds over Treasuries, month-ends with complete filings. Fund-reported.
Price history
Median fund-marked price across the bonds, per 100 of face value.
By month
Funds file on staggered quarter-ends, so each month-end is marked by the funds that reported for it; the amount held moves with which funds filed, not only with buying and selling.
| Month-end | Bonds | Held | Median price | USD yield | USD spread | Most funds on one bond |
|---|---|---|---|---|---|---|
| Jul 2026 | 16 | $173.8M | 96.24 | 5.26% | 74 bp | 17 |
| Jun 2026 | 16 | $506.4M | 96.97 | 4.99% | 59 bp | 46 |
| May 2026 | 16 | $385.9M | 97.14 | 4.97% | 56 bp | 23 |
| Apr 2026 | 16 | $186.6M | 97.17 | 4.98% | 75 bp | 17 |
| Mar 2026 | 16 | $482.4M | 97.05 | 4.92% | 81 bp | 49 |
| Feb 2026 | 14 | $314.2M | 94.94 | 4.45% | 58 bp | 22 |
| Jan 2026 | 14 | $67.0M | 94.42 | 4.59% | 57 bp | 11 |
| Dec 2025 | 14 | $309.3M | 94.52 | 4.50% | 61 bp | 23 |
| Nov 2025 | 14 | $336.2M | 94.66 | 4.40% | 56 bp | 22 |
| Oct 2025 | 14 | $67.3M | 94.30 | 4.45% | 63 bp | 11 |
| Sep 2025 | 14 | $313.0M | 94.28 | 4.46% | 58 bp | 23 |
| Aug 2025 | 14 | $308.3M | 94.06 | 4.58% | 55 bp | 19 |
| Jul 2025 | 14 | $66.2M | 93.01 | 4.72% | 54 bp | 13 |
Who holds the debt
Fund series in their latest quarterly N-PORT report, largest first, with the change in face value against each fund's own previous report. Names as reported in the filings. 66 added, 40 cut, 20 new holders and 26 exits in the latest quarter.
| Fund series | Report | Face value | Value | Change in face value |
|---|---|---|---|---|
| VANGUARD TOTAL BOND MARKET INDEX FUND VANGUARD BOND INDEX FUNDS | 2026-06-30 | $95.2M | $84.4M | $4.0M |
| VANGUARD TOTAL BOND MARKET II INDEX FUND VANGUARD BOND INDEX FUNDS | 2026-06-30 | $90.9M | $81.2M | $14.0M |
| VANGUARD WELLINGTON FUND | 2026-05-31 | $79.2M | $79.7M | $24.8M |
| VANGUARD WELLESLEY INCOME FUND | 2026-06-30 | $72.1M | $72.5M | $0 |
| VANGUARD INTERMEDIATE-TERM CORPORATE BOND INDEX FUND VANGUARD SCOTTSDALE FUNDS | 2026-05-31 | $49.6M | $47.2M | -$2.7M |
| VANGUARD INTERMEDIATE-TERM INVESTMENT-GRADE FUND VANGUARD FIXED INCOME SECURITIES FUNDS | 2026-07-31 | $40.2M | $39.4M | $0 |
| American Balanced Fund | 2026-06-30 | $38.5M | $38.5M | $0 |
| VANGUARD SHORT-TERM CORPORATE BOND INDEX FUND VANGUARD SCOTTSDALE FUNDS | 2026-05-31 | $35.5M | $34.9M | $319K |
| iShares Core U.S. Aggregate Bond ETF iShares Trust | 2026-05-31 | $33.9M | $30.6M | -$1.7M |
| VANGUARD SHORT-TERM INVESTMENT-GRADE FUND VANGUARD FIXED INCOME SECURITIES FUNDS | 2026-07-31 | $30.2M | $29.8M | -$8.8M |
| Bond Fund of America | 2026-06-30 | $29.2M | $29.2M | $3.4M |
| Fidelity U.S. Bond Index Fund Fidelity Salem Street Trust | 2026-05-31 | $27.0M | $25.0M | -$2.3M |
| VANGUARD INSTITUTIONAL INTERMEDIATE-TERM BOND FUND VANGUARD MALVERN FUNDS | 2026-06-30 | $18.6M | $18.2M | $0 |
| VANGUARD CORE BOND FUND VANGUARD MALVERN FUNDS | 2026-06-30 | $18.1M | $18.1M | -$1.7M |
| VANGUARD INTERMEDIATE-TERM BOND INDEX FUND VANGUARD BOND INDEX FUNDS | 2026-06-30 | $17.3M | $17.2M | $8.7M |
| Capital Group Central Corporate Bond Fund Capital Group Central Fund Series II | 2026-05-31 | $15.8M | $15.8M | new |
| iShares 5-10 Year Investment Grade Corporate Bond ETF iShares Trust | 2026-05-31 | $14.0M | $13.9M | $3.5M |
| Income Fund of America | 2026-07-31 | $14.0M | $13.7M | $0 |
| Fidelity Series Bond Index Fund Fidelity Salem Street Trust | 2026-05-31 | $13.7M | $12.9M | $5.5M |
| Schwab 5-10 Year Corporate Bond ETF SCHWAB STRATEGIC TRUST | 2026-06-30 | $12.8M | $12.8M | $6.1M |
| iShares iBoxx $ Investment Grade Corporate Bond ETF iShares Trust | 2026-05-31 | $12.9M | $11.9M | $10.4M |
| DFA Investment Grade Portfolio DFA INVESTMENT DIMENSIONS GROUP INC | 2026-07-31 | $13.1M | $11.8M | $0 |
| iShares 1-5 Year Investment Grade Corporate Bond ETF iShares Trust | 2026-05-31 | $11.4M | $11.4M | $2.2M |
| iShares Broad USD Investment Grade Corporate Bond ETF iShares Trust | 2026-05-31 | $12.7M | $11.4M | -$398K |
| MFS Corporate Bond Fund MFS Series Trust IX | 2026-07-31 | $10.9M | $10.7M | $0 |
Largest exits in the latest quarter (fund held the bonds in its previous report, none now): PGIM Short-Term Corporate Bond Fund ($9.0M), NVIT Loomis Core Bond Fund ($4.9M), NVIT Loomis Short Term Bond Fund ($4.4M), Select Bond Portfolio ($2.0M), Variable Portfolio - Partners Core Bond Fund ($1.3M), BlackRock Low Duration Bond Portfolio ($1.3M), Strategic Bond Fund ($830K), SIMT Core Fixed Income Fund ($724K), BlackRock Managed Income Fund ($680K), First American Multi-Manager Fixed-Income Fund ($445K).
ETFs holding these bonds
From each ETF's own latest N-PORT report: the issuer's bonds as a share of the ETF's net assets. A holdings list, not a recommendation.
| ETF | Report | Bonds | Face value | Value | % of net assets |
|---|---|---|---|---|---|
| BND VANGUARD TOTAL BOND MARKET INDEX FUND | 2026-06-30 | 12 | $95.2M | $84.4M | 0.02% |
| VCIT VANGUARD INTERMEDIATE-TERM CORPORATE BOND INDEX FUND | 2026-05-31 | 3 | $49.6M | $47.2M | 0.07% |
| VCSH VANGUARD SHORT-TERM CORPORATE BOND INDEX FUND | 2026-05-31 | 3 | $35.5M | $34.9M | 0.07% |
| AGG iShares Core U.S. Aggregate Bond ETF | 2026-05-31 | 14 | $33.9M | $30.6M | 0.02% |
| BIV VANGUARD INTERMEDIATE-TERM BOND INDEX FUND | 2026-06-30 | 4 | $17.3M | $17.2M | 0.03% |
| IGIB iShares 5-10 Year Investment Grade Corporate Bond ETF | 2026-05-31 | 4 | $14.0M | $13.9M | 0.08% |
| SCHI Schwab 5-10 Year Corporate Bond ETF | 2026-06-30 | 4 | $12.8M | $12.8M | 0.11% |
| LQD iShares iBoxx $ Investment Grade Corporate Bond ETF | 2026-05-31 | 2 | $12.9M | $11.9M | 0.04% |
| IGSB iShares 1-5 Year Investment Grade Corporate Bond ETF | 2026-05-31 | 4 | $11.4M | $11.4M | 0.05% |
| USIG iShares Broad USD Investment Grade Corporate Bond ETF | 2026-05-31 | 14 | $12.7M | $11.4M | 0.07% |
| BSCR Invesco BulletShares 2027 Corporate Bond ETF | 2026-05-31 | 2 | $10.1M | $10.0M | 0.22% |
| VCLT VANGUARD LONG-TERM CORPORATE BOND INDEX FUND | 2026-05-31 | 5 | $13.0M | $9.9M | 0.11% |
| IUSB iShares Core Universal USD Bond ETF | 2026-07-31 | 14 | $10.4M | $9.3M | 0.02% |
| SPIB State Street(R) SPDR(R) Portfolio Intermediate Term Corporate Bond ETF | 2026-06-30 | 7 | $8.6M | $8.8M | 0.08% |
| AVIG Avantis Core Fixed Income ETF | 2026-05-31 | 3 | $8.5M | $8.7M | 0.47% |
Default risk, three ways
Stock market: distance-to-default
Not computed: financial company (banks, insurers, BDCs and REITs carry leverage as their business, which the model misreads).
Bond market: priced-in odds
A 74 bp spread prices in about 1.2% a year of default odds (spread ÷ (1 − 40% recovery)). Fund-reported marks as of Jul 2026; the spread also pays for liquidity and risk premium, so this overstates actual defaults.
Accounts: Altman Z
Not available.
The stock side: 13F filings
What institutions report holding in PGR's stock and options. Options are reported at the value of the underlying shares, not the premium paid; 13F lists long positions only, lags 45 days after quarter-end, and does not show whether puts hedge a stock position.
| Quarter-end | Stock holders | Stock value | Put managers | Puts (underlying value) | Call managers | Calls (underlying value) | Convertible holders |
|---|---|---|---|---|---|---|---|
| 2026-09-30 filings still arriving | 267 | $1.40B | 0 | — | 0 | — | 0 |
| 2026-06-30 | 1,815 | $108.68B | 30 | $399.9M | 27 | $486.0M | 0 |
| 2026-03-31 | 1,756 | $86.76B | 27 | $248.8M | 26 | $376.7M | 0 |
| 2025-12-31 | 1,820 | $112.49B | 29 | $494.7M | 34 | $515.6M | 1 |
| 2025-09-30 | 1,789 | $120.80B | 31 | $415.5M | 35 | $510.3M | 0 |
| 2025-06-30 | 1,891 | $132.40B | 34 | $427.0M | 38 | $618.8M | 0 |
Sources: fund holdings and fund-reported marks from SEC Form N-PORT (published about 60 days after each month-end); 13F filings; House and Senate periodic transaction reports and OGE Form 278-T; Treasury yields from FRED. Findings from filings, not advice. How each number is computed.