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Employee Benefit Plans (Tables)
 12 Months Ended
Dec. 31, 2014
Amounts Charged to Income for Employees Incentive Compensation Plans
The amounts charged to income for the incentive compensation plans for the years ended December 31, were:
 
 
2014
 
2013
 
2012
(millions)
Pretax

After Tax

 
Pretax

After Tax

 
Pretax

After Tax

Cash
$
266.2

$
173.0

 
$
234.5

$
152.4

 
$
207.0

$
134.6

Equity
51.4

33.4

 
64.9

42.2

 
63.4

41.2
Assets Held in Deferral Plan Irrevocable Grantor Trust Account
The Deferral Plan Irrevocable Grantor Trust account held the following assets at December 31:
 
(millions)
2014

2013

Progressive common shares1 
$
83.2

$
57.1

Other investment funds2
123.9

113.1

Total
$
207.1

$
170.2

1 Includes 3.6 million and 2.5 million common shares as of December 31, 2014 and 2013, respectively, to be distributed in common shares.
2 Amount is included in other assets on the balance sheet.
Employee  
Summary of Restricted Stock Activity
A summary of all employee restricted equity award activity during the years ended December 31, follows:
 
 
2014
 
2013
 
2012
Restricted Equity Awards
Number of Shares1

Weighted
Average
Grant
Date Fair
Value

 
Number of
Shares1 

Weighted
Average
Grant
Date Fair
Value

 
Number of
Shares1 

Weighted
Average
Grant
Date Fair
Value

Beginning of year
9,918,575

$
20.13

 
11,625,981

$
17.80

 
12,296,847

$
16.86

Add (deduct):
 
 
 
 
 
 
 
 
Granted2 
3,542,984

19.32

 
2,738,809

22.73

 
2,680,229

19.11

Vested
(4,228,673
)
16.99

 
(4,293,605
)
15.54

 
(3,188,111
)
15.23

Forfeited
(181,322
)
20.75

 
(152,610
)
18.28

 
(162,984
)
17.93

End of year3,4
9,051,564

$
21.27

 
9,918,575

$
20.13

 
11,625,981

$
17.80


1 Includes both restricted stock units and restricted stock. Upon vesting, all units will be converted on a one-for-one basis into Progressive common shares funded from existing treasury shares. All performance-based awards are included at their target amounts.
2 In 2010, we began reinvesting dividend equivalents on restricted stock units. For 2014, 2013, and 2012, the number of units "granted" shown in the table above includes 538,749, 161,077, and 440,029 of dividend equivalent units, respectively, at a weighted average grant date fair value of $0, since the dividends were factored into the grant date fair value of the original grant.
3 At December 31, 2014, the number of shares included 2,647,530 performance-based awards at their target amounts. We expect 2,208,731 of these performance-based awards to vest, based upon our current estimate of the likelihood of achieving these pre-determined performance goals.
4 At December 31, 2014, the total unrecognized compensation cost related to unvested equity awards was $70.5 million, which includes performance-based awards at their currently estimated vesting value. This compensation expense will be recognized into the income statement over the weighted average vesting period of 2.3 years.
Director  
Summary of Restricted Stock Activity
A summary of all directors’ restricted stock activity during the years ended December 31, follows:

 
2014
 
2013
 
2012
Restricted Stock
Number of
Shares

Weighted
Average
Grant
Date Fair
Value

 
Number of
Shares

Weighted
Average
Grant
Date Fair
Value

 
Number of
Shares

Weighted
Average
Grant
Date Fair
Value

Beginning of year
93,254

$
26.19

 
92,957

$
21.41

 
94,106

$
21.80

Add (deduct):
 
 
 
 
 
 
 
 
Granted
90,649

25.44

 
93,254

26.19

 
92,957

21.41

Vested
(93,254
)
26.19

 
(92,957
)
21.41

 
(94,106
)
21.80

Forfeited
(9,070
)
25.36

 
0

0

 
0

0

End of year
81,579

$
25.45

 
93,254

$
26.19

 
92,957

$
21.41