Progressive (PGR) Stock Buybacks: 34.1% of Shares Retired Since 2001

Name: Progressive (PGR) shares outstanding since 1999, split adjusted
Creator: Buyback Radar
License: https://creativecommons.org/licenses/by/4.0/

Shares outstanding, 1999 to todaysplit adjusted, from SEC filings

1999, 875,924,6642026-07-02, 581,371,770

A share bought in 1999

1.5× more of Progressive today, without buying another share. It was one of 875,924,664 shares then. It is one of 581,371,770 now.

Every filing we read26 fiscal years, split adjusted

Fiscal year	Date	Shares outstanding	Filing
1999	2000-02-29	875,924,664	10-K	cover page
2001	2002-02-28	882,558,024	10-K405	cover page
2002	2003-02-28	872,860,044	10-K	cover page
2003	2004-01-31	867,778,860	10-K	cover page
2004	2005-01-31	800,382,356	10-K	cover page
2005	2006-01-31	786,849,100	10-K	cover page
2006	2007-01-31	744,477,835	10-K	cover page
2007	2008-01-31	678,367,604	10-K	cover page
2008	2009-01-31	676,728,335	10-K	cover page
2009	2010-01-31	671,559,722	10-K
2010	2011-01-31	660,034,992	10-K
2011	2012-01-31	611,506,847	10-K
2012	2013-01-31	603,919,706	10-K
2013	2014-01-31	595,282,483	10-K
2014	2015-01-30	588,932,479	10-K
2015	2016-01-31	584,328,057	10-K
2016	2017-01-31	580,803,030	10-K
2017	2018-01-31	582,275,989	10-K
2018	2019-01-31	583,896,232	10-K
2019	2020-01-31	585,253,659	10-K
2020	2021-01-31	585,747,728	10-K
2021	2022-01-31	584,848,536	10-K
2022	2023-01-31	585,340,036	10-K
2023	2024-01-31	585,677,464	10-K
2024	2025-01-31	586,207,679	10-K
2025	2026-01-31	585,906,353	10-K

Source: all 10-K filings of Progressive on EDGAR. Download this series as CSV. Licence CC BY 4.0, credit Buyback Radar.

Progressive buybacks, answered

Is Progressive buying back its stock?

Yes. Progressive has 0.9% fewer shares outstanding than twelve months ago, 581,371,770 as of July 2, 2026. Over five years the share count is down 0.6%.

How many shares has Progressive bought back?

Net of every new share it issued, Progressive has 301.2 million fewer shares than at its 2001 peak. That is 34.1% of the company.

How many shares does Progressive have outstanding?

581,371,770 shares, as of July 2, 2026, from the cover page of its latest 10-Q. At the 2001 peak it had 882,558,024.

What do Progressive's buybacks mean for a shareholder?

Each share is a bigger slice of the company. Someone who held Progressive stock in 2001 owns 1.5 times as much of the business today without buying another share. Whether that was a good use of cash depends on the price paid.

How does Progressive compare with other cannibal stocks?

Progressive ranks No. 153 of 251 companies on Buyback Radar by share of the company retired since its peak. Close to it on the list: EMCOR (34.1%), Aptiv (34.1%), Cummins (33.9%), Adobe (33.9%).

Every answer is computed from Progressive's own SEC filings and rebuilt every Monday. Latest count: 10-Q on EDGAR.

Superinvestors who own it

Tom GaynerMarkel Group753,750 shares, $164.7M, Q2 2026

Tweedy BrowneTweedy, Browne13,711 shares, $3.0M, Q2 2026

Glenn GreenbergBrave Warrior Advisors1,789 shares, $391K, Q2 2026

Francois RochonGiverny Capital542,292 shares, $118.5M, Q2 2026

David RolfeWedgewood Partners106,261 shares, $23.2M, Q2 2026

Bruce BerkowitzFairholme Capital Management72,200 shares, $15.8M, Q2 2026

From the latest 13F filings. All superinvestors.

Insider buying, last 12 months

No open-market purchases reported in the last 12 months.

The story

The numbers say what happened. The story says whether it can continue. We cover companies like Progressive in depth on Cannibal Stocks.

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