Other
Loss adjustment expenses
Progressive Loss adjustment expenses decreased by 0.3% to $1.88B in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 12.2%, from $1.68B to $1.88B. Over 3 years (FY 2022 to FY 2025), Loss adjustment expenses shows an upward trend with a 15.7% CAGR. This is a positive signal — lower values indicate better performance for this metric.
Analysis
StatementIncome Statement
SectionOther
CategoryEfficiency
SignalLower is better
VolatilityStable
First reportedQ1 2022
Last reportedQ1 2026May 4, 2026
How to read this metric
Lower expenses relative to total claims indicate higher operational efficiency in the claims department.
Detailed definition
The costs incurred by the company to investigate, process, and settle insurance claims. This includes internal administr...
Peer comparison
A standard operational efficiency metric for all insurance companies.
Metric ID:
other_policyholder_benefits_and_claims_incurred_loss_adj_d253afHistorical 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 | $1.16B | $1.16B | $1.16B | $1.16B | $1.37B | $1.37B | $1.37B | $1.37B | $1.47B | $1.60B | $1.66B | $1.70B | $1.68B | $1.76B | $1.85B | $1.89B | $1.88B |
| QoQ Change | — | +0.0% | +0.0% | +0.0% | +18.3% | +0.0% | +0.0% | +0.0% | +7.3% | +8.6% | +3.8% | +2.8% | -1.6% | +5.2% | +4.8% | +2.1% | -0.3% |
| YoY Change | — | — | — | — | +18.3% | +18.3% | +18.3% | +18.3% | +7.3% | +16.6% | +21.0% | +24.3% | +14.0% | +10.4% | +11.5% | +10.8% | +12.2% |
Range$1.16B – $1.89B
CAGR+12.9%
Avg YoY Growth+15.5%
Median YoY Growth+16.6%
Product Breakdown
| Segment | Q1 '25 |
|---|---|
| Underwriting operations | $1.68B |
| Total | $1.68B |
Loss adjustment expenses at Other Companies
Frequently Asked Questions
- What is Progressive's loss adjustment expenses?
- Progressive (PGR) reported loss adjustment expenses of $1.88B in Q1 2026.
- How has Progressive's loss adjustment expenses changed year-over-year?
- Progressive's loss adjustment expenses increased by 12.2% year-over-year, from $1.68B to $1.88B.
- What is the long-term trend for Progressive's loss adjustment expenses?
- Over 3 years (2022 to 2025), Progressive's loss adjustment expenses has grown at a 15.7% compound annual growth rate (CAGR), from $4.63B to $7.18B.
- What does loss adjustment expenses mean?
- The administrative and operational costs required to manage and settle insurance claims.