Liability for Claims and Claims Adjustment Expense
Progressive Liability for Claims and Claims Adjustment Expense increased by 2.5% to $44.38B in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 11.4%, from $39.82B to $44.38B. Over 5 years (FY 2020 to FY 2025), Liability for Claims and Claims Adjustment Expense shows an upward trend with a 16.4% CAGR. This increase may warrant attention — for this metric, lower values are generally preferred.
Analysis
How to read this metric
Rising levels may indicate an increase in claim frequency or severity, potentially impacting short-term liquidity.
Detailed definition
This liability represents the total estimated amount required to settle claims that have been reported to the insurer bu...
Peer comparison
Standard P&C insurance metric; peers with higher ratios relative to premiums may be experiencing adverse loss development.
current_liabilities_liability_for_claims_and_claims_adju_7e9431Historical Data
| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $23.90B | $25.93B | $26.16B | $26.75B | $27.81B | $30.63B | $30.36B | $31.03B | $32.75B | $33.58B | $34.39B | $34.83B | $36.61B | $38.06B | $39.06B | $39.82B | $41.15B | $42.11B | $43.31B | $44.38B |
| QoQ Change | — | +8.5% | +0.9% | +2.3% | +4.0% | +10.1% | -0.9% | +2.2% | +5.6% | +2.5% | +2.4% | +1.3% | +5.1% | +4.0% | +2.6% | +2.0% | +3.3% | +2.3% | +2.9% | +2.5% |
| YoY Change | — | — | — | — | +16.4% | +18.1% | +16.0% | +16.0% | +17.8% | +9.6% | +13.3% | +12.3% | +11.8% | +13.4% | +13.6% | +14.3% | +12.4% | +10.6% | +10.9% | +11.4% |
Liability for Claims and Claims Adjustment Expense at Other Companies
Frequently Asked Questions
- What is Progressive's liability for claims and claims adjustment expense?
- Progressive (PGR) reported liability for claims and claims adjustment expense of $44.38B in Q1 2026.
- How has Progressive's liability for claims and claims adjustment expense changed year-over-year?
- Progressive's liability for claims and claims adjustment expense increased by 11.4% year-over-year, from $39.82B to $44.38B.
- What is the long-term trend for Progressive's liability for claims and claims adjustment expense?
- Over 5 years (2020 to 2025), Progressive's liability for claims and claims adjustment expense has grown at a 16.4% compound annual growth rate (CAGR), from $20.27B to $43.31B.
- What does liability for claims and claims adjustment expense mean?
- The total amount the company expects to pay for claims that have already been reported.