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Employee Benefit Plans (Tables)
 12 Months Ended
Dec. 31, 2016
Amounts Charged to Income for Employees Incentive Compensation Plans
The amounts charged to income for Progressive and ARX incentive compensation plans for the years ended December 31, were:
 
2016
 
2015
 
2014
(millions)
Pretax

After Tax

 
Pretax

After Tax

 
Pretax

After Tax

Non-equity incentive plans – cash
$
386.8

$
251.4

 
$
337.7

$
219.5

 
$
266.2

$
173.0

Equity incentive plans:
 
 
 
 
 
 
 
 
     Equity awards
80.9

52.6

 
64.5

41.9

 
51.4

33.4

     Liability awards
4.3

2.8

 
1.7

1.1

 
0

0
Assets Held in Deferral Plan Irrevocable Grantor Trust Account
The Deferral Plan Irrevocable Grantor Trust account held the following assets at December 31:
 
(millions)
2016

2015

Progressive common shares1 
$
122.2

$
108.5

Other investment funds2
136.9

124.8

Total
$
259.1

$
233.3

1 Included 4.7 million and 4.4 million common shares as of December 31, 2016 and 2015, 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:
 
2016
 
2015
 
2014
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
7,725,227

$
23.37

 
9,051,564

$
21.27

 
9,918,575

$
20.13

Add (deduct):
 
 
 
 
 
 
 
 
Granted2 
1,870,660

31.54

 
2,489,976

25.20

 
3,542,984

19.32

Vested
(2,422,700
)
21.50

 
(3,682,644
)
19.53

 
(4,228,673
)
16.99

Forfeited
(221,814
)
24.64

 
(133,669
)
21.63

 
(181,322
)
20.75

End of year3,4
6,951,373

$
26.18

 
7,725,227

$
23.37

 
9,051,564

$
21.27

1 Includes restricted stock units; 2015 and 2014 also include 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 We reinvest dividend equivalents on restricted stock units. For 2016, 2015, and 2014, the number of units "granted" shown in the table above includes 165,045, 196,947, and 538,749 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, 2016, the number of shares included 1,892,924 performance-based units at their target amounts. We expect 3,186,065 units to vest based upon our current estimates of the likelihood of achieving the pre-determined performance goals applicable to each award.
4 At December 31, 2016, the total unrecognized compensation cost related to unvested equity awards was $86.4 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 2.1 years.
Director  
Summary of Restricted Stock Activity
A summary of all directors’ restricted stock activity during the years ended December 31, follows:

 
2016
 
2015
 
2014
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
89,427

$
27.23

 
81,579

$
25.45

 
93,254

$
26.19

Add (deduct):
 
 
 
 
 
 
 
 
Granted
55,839

33.24

 
89,427

27.23

 
90,649

25.44

Vested
(89,427
)
27.23

 
(81,579
)
25.45

 
(93,254
)
26.19

Forfeited
0

0

 
0

0

 
(9,070
)
25.36

End of year
55,839

$
33.24

 
89,427

$
27.23

 
81,579

$
25.45
Employee Stock Option  
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Outstanding and Exercisable [Table Text Block]
A summary of all ARX employee stock option activity since acquisition, follows:
 
2016
 
2015
Options Outstanding
Number of Shares

Weighted Average
Exercise Price

 
Number of Shares

Weighted Average
Exercise Price

Beginning of year
24,995

$
526.46

 
NA

NA

At acquisition date 4/1/2015
NA

NA

 
26,000

$
513.72

Add (deduct):
 
 
 
 
 
Exercised1
0

0

 
(1,005
)
197.01

End of year
24,995

$
526.46

 
24,995

$
526.46

Exercisable, end of year
16,995

$
438.77

 
12,995

$
386.69

NA = Not Applicable
1 At the time of exercise in 2015, the value earned by the option holders was $1.1 million.
 
2016
 
2015
Non-Vested Options Outstanding
Number of Shares

Weighted Average
Exercise Price

 
Number of Shares

Weighted Average
Exercise Price

Beginning of year
12,000

$
677.81

 
NA

NA

At acquisition date 4/1/2015
NA

NA

 
14,800

$
675.55

Add (deduct):
 
 
 
 
 
Vested
(4,000
)
607.95

 
(2,800
)
665.85

End of year1
8,000

$
712.74

 
12,000

$
677.81

NA = Not Applicable
1 At December 31, 2016 and 2015, the remaining unrecognized compensation cost related to unvested options was $1.6 million and $2.9 million, respectively, and the remaining weighted average vesting period on the unvested awards was 1.36 years and 1.72 years, respectively.