PROGRESSIVE CORP

Ticker: PGR CUSIP: 743315103 Class: COM

STATE OF MICHIGAN RETIREMENT SYSTEM's Holding History (CIK: 0000762152)

Note: Option positions (PUT/CALL) are excluded.

Q4 2025

Shares 159,088 Value ($000) $36,228 Avg Close $212.34 Range $187.96 - $233.25

Q3 2025

Shares 158,588 Value ($000) $39,163 Avg Close $231.70 Range $222.52 - $250.85

Q2 2025

Shares 159,388 Value ($000) $42,534 Avg Close $257.53 Range $232.98 - $272.43

Q1 2025

Shares 158,888 Value ($000) $44,967 Avg Close $245.29 Range $214.64 - $275.18

Q4 2024

Shares 158,988 Value ($000) $38,095 Avg Close $231.96 Range $218.29 - $249.37

Q3 2024

Shares 159,488 Value ($000) $40,472 Avg Close $214.15 Range $191.02 - $239.91

Q2 2024

Shares 160,388 Value ($000) $33,314 Avg Close $192.70 Range $185.37 - $200.49

Q1 2024

Shares 160,388 Value ($000) $33,171 Avg Close $170.60 Range $145.89 - $191.58

Q4 2023

Shares 160,188 Value ($000) $25,515 Avg Close $143.35 Range $125.89 - $151.60

Q3 2023

Shares 160,488 Value ($000) $22,356 Avg Close $120.35 Range $101.94 - $132.04

Q2 2023

Shares 160,988 Value ($000) $21,310 Avg Close $122.56 Range $110.38 - $137.02

Q1 2023

Shares 160,588 Value ($000) $22,974 Avg Close $125.97 Range $114.49 - $133.85

Q4 2022

Shares 158,988 Value ($000) $20,622 Avg Close $115.68 Range $100.46 - $122.79

Q3 2022

Shares 158,288 Value ($000) $18,395 Avg Close $109.84 Range $99.81 - $118.37

Q2 2022

Shares 157,788 Value ($000) $18,346 Avg Close $103.34 Range $96.93 - $110.61

Q1 2022

Shares 183,532 Value ($000) $20,921 Avg Close $98.48 Range $91.80 - $107.07

Q4 2021

Shares 183,419 Value ($000) $18,828 Avg Close $85.78 Range $80.10 - $95.21

Q3 2021

Shares 166,975 Value ($000) $15,093 Avg Close $85.34 Range $80.24 - $90.78

Q2 2021

Shares 167,075 Value ($000) $16,408 Avg Close $88.49 Range $80.71 - $96.25

Q1 2021

Shares 162,875 Value ($000) $15,572 Avg Close $81.00 Range $75.86 - $86.82

Q4 2020

Shares 163,175 Value ($000) $16,135 Avg Close $80.60 Range $73.46 - $86.95

Q3 2020

Shares 164,575 Value ($000) $15,580 Avg Close $76.50 Range $64.83 - $83.25

Q2 2020

Shares 149,475 Value ($000) $11,974 Avg Close $66.35 Range $60.04 - $71.26

Q1 2020

Shares 133,981 Value ($000) $9,893 Avg Close $65.34 Range $52.79 - $71.48

Q4 2019

Shares 141,381 Value ($000) $10,235 Avg Close $59.30 Range $55.06 - $63.94

Q3 2019

Shares 140,581 Value ($000) $10,860 Avg Close $64.62 Range $58.47 - $69.80

Q2 2019

Shares 139,781 Value ($000) $11,173 Avg Close $63.47 Range $58.58 - $69.17

Q1 2019

Shares 168,281 Value ($000) $12,131 Avg Close $55.48 Range $45.83 - $60.46

Q4 2018

Shares 166,981 Value ($000) $10,074 Avg Close $52.48 Range $44.73 - $58.13

Q3 2018

Shares 173,781 Value ($000) $12,345 Avg Close $50.74 Range $45.99 - $56.49

Q2 2018

Shares 172,381 Value ($000) $10,196 Avg Close $48.29 Range $45.84 - $51.09

Q1 2018

Shares 171,481 Value ($000) $10,448 Avg Close $44.72 Range $40.06 - $49.49

Q4 2017

Shares 170,481 Value ($000) $9,601 Avg Close $39.96 Range $36.99 - $44.17

Q3 2017

Shares 176,581 Value ($000) $8,550 Avg Close $36.13 Range $33.67 - $37.85

Q2 2017

Shares 190,881 Value ($000) $8,416 Avg Close $32.08 Range $29.82 - $34.78

Q1 2017

Shares 190,781 Value ($000) $7,475 Avg Close $29.31 Range $26.72 - $31.47

Q4 2016

Shares 212,781 Value ($000) $7,554 Avg Close $25.08 Range $23.23 - $27.26

Q3 2016

Shares 226,045 Value ($000) $7,120 Avg Close $24.69 Range $23.16 - $26.00

Q2 2016

Shares 307,745 Value ($000) $10,309 Avg Close $25.09 Range $23.61 - $26.95

Q1 2016

Shares 201,145 Value ($000) $7,068 Avg Close $24.04 Range $21.60 - $26.75

Q4 2015

Shares 199,945 Value ($000) $6,358 Avg Close $23.41 Range $22.17 - $25.01

Q3 2015

Shares 210,445 Value ($000) $6,448 Avg Close $22.26 Range $20.06 - $23.36

Q2 2015

Shares 207,045 Value ($000) $5,762 Avg Close $20.09 Range $19.48 - $21.00

Q1 2015

Shares 206,745 Value ($000) $5,623 Avg Close $19.50 Range $18.59 - $20.56

Q4 2014

Shares 220,345 Value ($000) $5,947 Avg Close $18.92 Range $17.33 - $19.74

Q3 2014

Shares 220,645 Value ($000) $5,578 Avg Close $17.67 Range $16.64 - $18.38

Q2 2014

Shares 223,145 Value ($000) $5,659 Avg Close $17.77 Range $16.79 - $18.67

Q1 2014

Shares 223,545 Value ($000) $5,414 Avg Close $17.14 Range $16.16 - $18.40

Q4 2013

Shares 224,445 Value ($000) $6,121 Avg Close $18.18 Range $17.40 - $19.24

Q3 2013

Shares 224,945 Value ($000) $6,125 Avg Close $17.48 Range $16.76 - $18.57

Q2 2013

Shares 225,045 Value ($000) $5,721 Avg Close $17.04 Range $16.17 - $17.79

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	159,088	$36,228	$212.34	$187.96 - $233.25
Q3 2025	158,588	$39,163	$231.70	$222.52 - $250.85
Q2 2025	159,388	$42,534	$257.53	$232.98 - $272.43
Q1 2025	158,888	$44,967	$245.29	$214.64 - $275.18
Q4 2024	158,988	$38,095	$231.96	$218.29 - $249.37
Q3 2024	159,488	$40,472	$214.15	$191.02 - $239.91
Q2 2024	160,388	$33,314	$192.70	$185.37 - $200.49
Q1 2024	160,388	$33,171	$170.60	$145.89 - $191.58
Q4 2023	160,188	$25,515	$143.35	$125.89 - $151.60
Q3 2023	160,488	$22,356	$120.35	$101.94 - $132.04
Q2 2023	160,988	$21,310	$122.56	$110.38 - $137.02
Q1 2023	160,588	$22,974	$125.97	$114.49 - $133.85
Q4 2022	158,988	$20,622	$115.68	$100.46 - $122.79
Q3 2022	158,288	$18,395	$109.84	$99.81 - $118.37
Q2 2022	157,788	$18,346	$103.34	$96.93 - $110.61
Q1 2022	183,532	$20,921	$98.48	$91.80 - $107.07
Q4 2021	183,419	$18,828	$85.78	$80.10 - $95.21
Q3 2021	166,975	$15,093	$85.34	$80.24 - $90.78
Q2 2021	167,075	$16,408	$88.49	$80.71 - $96.25
Q1 2021	162,875	$15,572	$81.00	$75.86 - $86.82
Q4 2020	163,175	$16,135	$80.60	$73.46 - $86.95
Q3 2020	164,575	$15,580	$76.50	$64.83 - $83.25
Q2 2020	149,475	$11,974	$66.35	$60.04 - $71.26
Q1 2020	133,981	$9,893	$65.34	$52.79 - $71.48
Q4 2019	141,381	$10,235	$59.30	$55.06 - $63.94
Q3 2019	140,581	$10,860	$64.62	$58.47 - $69.80
Q2 2019	139,781	$11,173	$63.47	$58.58 - $69.17
Q1 2019	168,281	$12,131	$55.48	$45.83 - $60.46
Q4 2018	166,981	$10,074	$52.48	$44.73 - $58.13
Q3 2018	173,781	$12,345	$50.74	$45.99 - $56.49
Q2 2018	172,381	$10,196	$48.29	$45.84 - $51.09
Q1 2018	171,481	$10,448	$44.72	$40.06 - $49.49
Q4 2017	170,481	$9,601	$39.96	$36.99 - $44.17
Q3 2017	176,581	$8,550	$36.13	$33.67 - $37.85
Q2 2017	190,881	$8,416	$32.08	$29.82 - $34.78
Q1 2017	190,781	$7,475	$29.31	$26.72 - $31.47
Q4 2016	212,781	$7,554	$25.08	$23.23 - $27.26
Q3 2016	226,045	$7,120	$24.69	$23.16 - $26.00
Q2 2016	307,745	$10,309	$25.09	$23.61 - $26.95
Q1 2016	201,145	$7,068	$24.04	$21.60 - $26.75
Q4 2015	199,945	$6,358	$23.41	$22.17 - $25.01
Q3 2015	210,445	$6,448	$22.26	$20.06 - $23.36
Q2 2015	207,045	$5,762	$20.09	$19.48 - $21.00
Q1 2015	206,745	$5,623	$19.50	$18.59 - $20.56
Q4 2014	220,345	$5,947	$18.92	$17.33 - $19.74
Q3 2014	220,645	$5,578	$17.67	$16.64 - $18.38
Q2 2014	223,145	$5,659	$17.77	$16.79 - $18.67
Q1 2014	223,545	$5,414	$17.14	$16.16 - $18.40
Q4 2013	224,445	$6,121	$18.18	$17.40 - $19.24
Q3 2013	224,945	$6,125	$17.48	$16.76 - $18.57
Q2 2013	225,045	$5,721	$17.04	$16.17 - $17.79