Annual Reports

The collection’s signature annual commission

Each year, Progressive commissions an artist or group of artists to interpret the annual report theme determined by our CEO. This theme and its unique visual presentation assert a companywide focal point for the coming year. Past themes include transparency, diversity, loyalty, and service. Visit our Investor Relations site for more information.

The Progressive Corporation 2025 Annual Report cover

2025 Annual Report: “Hope”

To convey our ongoing commitment to the well-being of others and our confidence in the future, we chose “hope” as the theme for this year’s annual report. We commissioned multidisciplinary artist Greg Ito, best known for his themes of time, love, hope, and loss to create artwork for this report. His cinematic paintings depict portals to dream-like worlds where scenes of beauty, calm, resilience, and longevity seem to flourish from the aftermath of a devastating event. Through vivid palettes of purples, pinks, and blues, as well as a lexicon of symbolic imagery — burning candles, keyholes, windows, winding roads, poppy fields, birds, butterflies, and the leaves of the ancient Ginkgo biloba tree — Ito explores the changing states between upheaval, hope, and metamorphosis. He visually offers light in times of darkness.

Read the full report

“Progressive's annual reports are quite literally the art of business. Like art, they give no excuses and hold nothing back. They are honest and uncompromising. There is no gray. You like them or you don't. They are philosophy and controversy rolled into one message, and that message is risk. And risk—for Progressive—smells like success.”

Mark Schwartz

Founder and CEO of Nesnadny + Schwartz, Designer of The Annual Report from 1983 – 2013

View our past annual reports

View or download a copy of our past annual reports