Other
Catastrophe losses
Progressive Catastrophe losses increased by 188.2% to $268.00M in Q1 2026 compared to the prior quarter. Year-over-year, this metric declined by 41.6%, from $459.00M to $268.00M. Over 3 years (FY 2022 to FY 2025), Catastrophe losses shows a downward trend with a -3.8% CAGR. This increase may warrant attention — for this metric, lower values are generally preferred.
Analysis
StatementIncome Statement
SectionOther
CategoryRisk
SignalLower is better
VolatilityVolatile
First reportedQ1 2022
Last reportedQ1 2026May 4, 2026
How to read this metric
Lower catastrophe losses indicate better geographic diversification or effective reinsurance coverage.
Detailed definition
The financial impact of large-scale, infrequent events such as hurricanes, wildfires, or other natural disasters on the...
Peer comparison
A critical metric for property insurers to assess the impact of climate and environmental volatility.
Metric ID:
other_policyholder_benefits_and_claims_incurred_catastro_61d315Historical 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 | $415.00M | $415.00M | $415.00M | $415.00M | $448.50M | $448.50M | $448.50M | $448.50M | $347.00M | $1.27B | $732.00M | $166.00M | $459.00M | $707.00M | $219.00M | $93.00M | $268.00M |
| QoQ Change | — | +0.0% | +0.0% | +0.0% | +8.1% | +0.0% | +0.0% | +0.0% | -22.6% | +265.7% | -42.3% | -77.3% | +176.5% | +54.0% | -69.0% | -57.5% | +188.2% |
| YoY Change | — | — | — | — | +8.1% | +8.1% | +8.1% | +8.1% | -22.6% | +182.9% | +63.2% | -63.0% | +32.3% | -44.3% | -70.1% | -44.0% | -41.6% |
Range$93.00M – $1.27B
CAGR-10.4%
Avg YoY Growth+1.9%
Median YoY Growth+8.1%
Product Breakdown
| Segment | Q1 '25 |
|---|---|
| Underwriting operations | $459.00M |
| Total | $459.00M |
Catastrophe losses at Other Companies
Frequently Asked Questions
- What is Progressive's catastrophe losses?
- Progressive (PGR) reported catastrophe losses of $268.00M in Q1 2026.
- How has Progressive's catastrophe losses changed year-over-year?
- Progressive's catastrophe losses decreased by 41.6% year-over-year, from $459.00M to $268.00M.
- What is the long-term trend for Progressive's catastrophe losses?
- Over 3 years (2022 to 2025), Progressive's catastrophe losses has grown at a -3.8% compound annual growth rate (CAGR), from $1.66B to $1.48B.
- What does catastrophe losses mean?
- Claims expenses resulting specifically from major natural disasters or catastrophic events.