Direct premiums earned
Progressive Direct premiums earned remained flat by 0.0% to $20.71B in Q4 2025 compared to the prior quarter. Year-over-year, this metric grew by 14.8%, from $18.04B to $20.71B. Over 4 years (FY 2021 to FY 2025), Direct premiums earned shows an upward trend with a 15.8% CAGR. This decline may warrant attention — for this metric, higher values are generally preferred.
Analysis
How to read this metric
Growth in direct premiums indicates an expanding customer base and strong competitive positioning.
Detailed definition
This reflects the total premiums earned by the company on policies it directly underwrote and issued to policyholders, b...
Peer comparison
Used by analysts to assess the underlying size of the insurance portfolio before accounting for risk-sharing strategies.
other_direct_premiums_earnedHistorical Data
| FY'21 | FY'22 | FY'23 | FY'24 | FY'25 | |
|---|---|---|---|---|---|
| Value | $46.02B | $50.65B | $59.88B | $72.17B | $82.85B |
| YoY Change | — | +10.1% | +18.2% | +20.5% | +14.8% |
Product Breakdown
| Segment | FY'23 | FY'24 |
|---|---|---|
| Property Liability And Casualty Insurance | $59.88B | $72.17B |
| Total | $59.88B | $72.17B |
All segment values are derived from annual filings.
Direct premiums earned at Other Companies
Frequently Asked Questions
- What is Progressive's direct premiums earned?
- Progressive (PGR) reported direct premiums earned of $20.71B in Q4 2025.
- How has Progressive's direct premiums earned changed year-over-year?
- Progressive's direct premiums earned increased by 14.8% year-over-year, from $18.04B to $20.71B.
- What is the long-term trend for Progressive's direct premiums earned?
- Over 4 years (2021 to 2025), Progressive's direct premiums earned has grown at a 15.8% compound annual growth rate (CAGR), from $46.02B to $82.85B.
- What does direct premiums earned mean?
- The total premiums earned from policies directly underwritten by the company.