Sentences and paragraphs of PGR's Risk Factors and MD&A, 10-K 2026-03-02 against 10-K 2025-03-03.
Each links to the text at sec.gov.
Quiet changes are sentences kept from last year with one to four words changed, at least one of them a hedge, a modal or a qualifier
(may, could, will, not, significant, material…). A year or date rolling forward is not counted.
The full word list
adverse, adversely, all, although, anticipate, anticipates, any, approximately, believe, believes, can, cannot, certain, could, expect, expects, generally, however, if, intend, intends, largely, likely, many, material, materially, may, might, most, must, never, no, not, possible, primarily, probable, should, significant, significantly, some, substantial, substantially, unlikely, will, wouldAddedRisk Factors
competition in the industry. If we fail to respond appropriately in a timely manner to those innovations and also to the evolving customer preferences, our competitive position and results may be materially adversely affected.
Read it in 10-K 2026-03-02 at sec.gov ↗
AddedRisk Factors
products. Often, detailed information on our competitors becomes available on a delayed basis, and the nature of the market becomes apparent only in retrospect. Our ability to predict future competitive conditions is also constrained as a result.
Read it in 10-K 2026-03-02 at sec.gov ↗
RemovedRisk Factors
several factors, including industry losses, changes in legal and regulatory guidelines, and the occurrence of significant reinsured events, such as weather-related catastrophes, among other things. Depending on the impact of any of these factors, we may not be able to obtain reinsurance coverage in the future at all or with commercially reasonable rates, terms, and conditions. The unavailability and/or increased cost of reinsurance could adversely affect our business volume, profitability, or financial condition.
Read it in 10-K 2025-03-03 at sec.gov ↗
RemovedRisk Factors
securities. Our personal property business has caused, and is likely to continue to cause, additional volatility in our consolidated results.
Read it in 10-K 2025-03-03 at sec.gov ↗
RewordedRisk Factors
Moreover, inconsistencies in requirements among the various states, or between state and federal requirements, or changes in regulatory priorities, priorities or funding, may further complicate our compliance efforts, potentially damage our reputation in the marketplace or our brand, potentially resulting in additional costs for us. us or impacting our ability to participate in certain government funded programs, such as the National Flood Insurance Program.
Read it in 10-K 2026-03-02 at sec.gov ↗
RewordedRisk Factors
In such an event, unless and until additional sources of capital are secured, we may be limited in our ability, or unable, to service our debt obligations, pay dividends, grow our business, pay our other obligations when due, or engage in other corporate transactions.
Read it in 10-K 2026-03-02 at sec.gov ↗
RewordedRisk Factors
The negative impacts of these or other events may be aggravated as consumers, regulators, and other stakeholders increase or change their expectations, or adopt conflicting expectations, regarding the conduct of large public companies, environmental, social, and governance (ESG) standards, and sustainability and corporate responsibility efforts, programs, and initiatives. initiatives, and corporate governance and Sustainability standards.
Read it in 10-K 2026-03-02 at sec.gov ↗
RewordedRisk Factors
Furthermore, our competitors or other third parties may be able to replace legacy systems, incorporate GenAI Advanced AI into their products and operations, or optimize or redesign their processes more quickly, or more successfully, than us.
Read it in 10-K 2026-03-02 at sec.gov ↗
Show the other 8
RewordedRisk Factors
Any future An epidemic, pandemic, or other widespread health risk, including a new variation of the COVID-19 virus, risk could exacerbate the impacts of many of the other risk factors described above and adversely affect our business.
Read it in 10-K 2026-03-02 at sec.gov ↗
RewordedRisk Factors
Our ability to do so may be impaired as a result of litigation against us, other judicial decisions, legislation or regulations, or other factors in the employment marketplace, as well as our failure to recognize and respond to changing trends and other circumstances that affect our employees or our culture, including any impact arising from a decrease in virtual and hybrid workers relative to recent market trends.
Read it in 10-K 2026-03-02 at sec.gov ↗
RewordedRisk Factors
Our loss of certain executives and key employees, or the failure to attract or retain talented executives, managers, and employees with varied and appropriate backgrounds, experiences, knowledge, perspectives, and skills, knowledge, and experiences, could have a material adverse effect on our business.
Read it in 10-K 2026-03-02 at sec.gov ↗
RewordedRisk Factors
Our brand and reputation also could be adversely affected by situations that reflect negatively on us, whether due to our business practices, adverse financial developments, perceptions of our corporate governance, perceptions of our purpose-driven brand, how we address employee matters and concerns, our approach to environmental, social, sustainability environmental and social (Sustainability) and corporate responsibility matters, investments in our portfolio, the conduct of our officers, directors, or employees, or other causes.
Read it in 10-K 2026-03-02 at sec.gov ↗
RewordedRisk Factors
Insurance laws and regulations may, among other things, limit an insurer’s ability to underwrite and price risks accurately, prevent the insurer from obtaining timely rate changes to respond to increased or decreased costs, delay or restrict the ability to discontinue or exit unprofitable businesses or jurisdictions, limit the profit an insurer may earn, impose marketing restrictions or requirements related to the use of artificial intelligence and third-party data, prevent insurers from terminating policies under certain circumstances, dictate or limit the types of investments that an insurance company may hold, and impose specific requirements relating to information technology systems and related cybersecurity risks.
Read it in 10-K 2026-03-02 at sec.gov ↗
RewordedRisk Factors
Our workplace policies or perceptions of those policies by current and potential employees, including policies with respect to virtual, hybrid, and in-person work protocols, could impact our ability to attract, onboard, and retain talent with needed skills, desired experiences, knowledge, perspectives, and experiences. skills.
Read it in 10-K 2026-03-02 at sec.gov ↗
RewordedRisk Factors
This information should be considered carefully together with the other information contained in this report and in the other reports and materials filed by us with the SEC, Securities and Exchange Commission (SEC), as well as news releases and other information we publicly disseminate from time to time.
Read it in 10-K 2026-03-02 at sec.gov ↗
RewordedRisk Factors
We are seeing various Various insurance regulations, legislative and regulatory challenges, political initiatives, and other societal pressures that seek to limit or prohibit the use of specific rating factors in insurance policy pricing, such as credit, education, and occupation.
Read it in 10-K 2026-03-02 at sec.gov ↗
