Other
Losses (excluding catastrophe losses)
Progressive Losses (excluding catastrophe losses) decreased by 3.7% to $11.68B in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 9.5%, from $10.67B to $11.68B. Over 3 years (FY 2022 to FY 2025), Losses (excluding catastrophe losses) shows an upward trend with a 12.5% CAGR. This is a positive signal — lower values indicate better performance for this metric.
Analysis
StatementIncome Statement
SectionOther
CategoryEfficiency
SignalLower is better
VolatilityModerate
First reportedQ1 2022
Last reportedQ1 2026May 4, 2026
How to read this metric
Lower costs relative to premiums indicate better underwriting discipline and risk selection.
Detailed definition
The total costs associated with insurance claims, excluding those classified as catastrophe-related. This metric isolate...
Peer comparison
Used by analysts to normalize underwriting performance across different reporting periods.
Metric ID:
other_policyholder_benefits_and_claims_incurred_adjusted_402038Historical Data
17 periods
| 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 | $7.96B | $7.96B | $7.96B | $7.96B | $9.59B | $9.59B | $9.59B | $9.59B | $9.15B | $9.73B | $10.12B | $11.11B | $10.67B | $11.13B | $11.38B | $12.12B | $11.68B |
| QoQ Change | — | +0.0% | +0.0% | +0.0% | +20.6% | +0.0% | +0.0% | +0.0% | -4.6% | +6.3% | +4.0% | +9.8% | -4.0% | +4.4% | +2.2% | +6.6% | -3.7% |
| YoY Change | — | — | — | — | +20.6% | +20.6% | +20.6% | +20.6% | -4.6% | +1.4% | +5.5% | +15.8% | +16.5% | +14.5% | +12.4% | +9.1% | +9.5% |
Range$7.96B – $12.12B
CAGR+10.1%
Avg YoY Growth+12.5%
Median YoY Growth+14.5%
Product Breakdown
| Segment | Q1 '25 |
|---|---|
| Underwriting operations | $10.67B |
| Total | $10.67B |
Losses (excluding catastrophe losses) at Other Companies
Frequently Asked Questions
- What is Progressive's losses (excluding catastrophe losses)?
- Progressive (PGR) reported losses (excluding catastrophe losses) of $11.68B in Q1 2026.
- How has Progressive's losses (excluding catastrophe losses) changed year-over-year?
- Progressive's losses (excluding catastrophe losses) increased by 9.5% year-over-year, from $10.67B to $11.68B.
- What is the long-term trend for Progressive's losses (excluding catastrophe losses)?
- Over 3 years (2022 to 2025), Progressive's losses (excluding catastrophe losses) has grown at a 12.5% compound annual growth rate (CAGR), from $31.83B to $45.30B.
- What does losses (excluding catastrophe losses) mean?
- Claims costs incurred from normal business operations, excluding major catastrophes.