Liability for Unpaid Claims and Claims Adjustment Expense, Incurred Claims
Progressive Liability for Unpaid Claims and Claims Adjustment Expense, Incurred Claims decreased by 2.0% to $13.83B in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 8.0%, from $12.80B to $13.83B. Over 4 years (FY 2021 to FY 2025), Liability for Unpaid Claims and Claims Adjustment Expense, Incurred Claims shows an upward trend with a 12.5% CAGR. This is a positive signal — lower values indicate better performance for this metric.
Analysis
How to read this metric
Lower incurred claims relative to earned premiums indicate superior underwriting performance.
Detailed definition
This represents the total incurred claims and loss adjustment expenses recognized during the period, encompassing both c...
Peer comparison
Standard industry metric for evaluating the total cost of insurance risk.
other_liability_for_unpaid_claims_and_claims_adjustment__8b297aHistorical 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 | $8.41B | $9.25B | $8.86B | $8.86B | $9.42B | $10.02B | $9.82B | $10.62B | $12.17B | $11.39B | $11.47B | $10.97B | $12.60B | $12.51B | $12.98B | $12.80B | $13.61B | $13.45B | $14.11B | $13.83B |
| QoQ Change | — | +10.0% | -4.2% | -0.0% | +6.4% | +6.3% | -1.9% | +8.1% | +14.6% | -6.4% | +0.7% | -4.4% | +14.8% | -0.7% | +3.8% | -1.4% | +6.3% | -1.2% | +4.9% | -2.0% |
| YoY Change | — | — | — | — | +12.1% | +8.3% | +10.9% | +19.9% | +29.2% | +13.7% | +16.8% | +3.3% | +3.5% | +9.9% | +13.2% | +16.7% | +8.0% | +7.5% | +8.6% | +8.0% |
Liability for Unpaid Claims and Claims Adjustment Expense, Incurred Claims at Other Companies
Frequently Asked Questions
- What is Progressive's liability for unpaid claims and claims adjustment expense, incurred claims?
- Progressive (PGR) reported liability for unpaid claims and claims adjustment expense, incurred claims of $13.83B in Q1 2026.
- How has Progressive's liability for unpaid claims and claims adjustment expense, incurred claims changed year-over-year?
- Progressive's liability for unpaid claims and claims adjustment expense, incurred claims increased by 8.0% year-over-year, from $12.80B to $13.83B.
- What is the long-term trend for Progressive's liability for unpaid claims and claims adjustment expense, incurred claims?
- Over 4 years (2021 to 2025), Progressive's liability for unpaid claims and claims adjustment expense, incurred claims has grown at a 12.5% compound annual growth rate (CAGR), from $33.63B to $53.96B.
- What does liability for unpaid claims and claims adjustment expense, incurred claims mean?
- The total cost of all insurance claims and related expenses incurred during the reporting period.