Other
Increase in allowance
Progressive Increase in allowance decreased by 17.2% to $183.00M in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 19.6%, from $153.00M to $183.00M. Over 4 years (FY 2021 to FY 2025), Increase in allowance shows an upward trend with a 20.8% CAGR. This is a positive signal — lower values indicate better performance for this metric.
Analysis
StatementIncome Statement
SectionOther
CategoryRisk
SignalLower is better
VolatilityModerate
First reportedQ1 2019
Last reportedQ1 2026May 4, 2026
How to read this metric
An increase suggests deteriorating credit quality among policyholders or a more conservative approach to risk estimation.
Detailed definition
Represents the periodic increase in the valuation allowance established against premiums receivable to account for expec...
Peer comparison
Standard credit risk metric for insurance companies and businesses with significant receivables.
Metric ID:
other_premiums_receivable_allowance_for_doubtful_account_fdcd1dHistorical Data
20 periods
| 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 | $87.40M | $107.20M | $101.70M | $93.90M | $95.80M | $130.90M | $150.50M | $116.90M | $125.30M | $157.50M | $140.30M | $107.00M | $128.00M | $167.00M | $188.00M | $153.00M | $176.00M | $211.00M | $221.00M | $183.00M |
| QoQ Change | — | +22.7% | -5.1% | -7.7% | +2.0% | +36.6% | +15.0% | -22.3% | +7.2% | +25.7% | -10.9% | -23.7% | +19.6% | +30.5% | +12.6% | -18.6% | +15.0% | +19.9% | +4.7% | -17.2% |
| YoY Change | — | — | — | — | +9.6% | +22.1% | +48.0% | +24.5% | +30.8% | +20.3% | -6.8% | -8.5% | +2.2% | +6.0% | +34.0% | +43.0% | +37.5% | +26.3% | +17.6% | +19.6% |
Range$87.40M – $221.00M
CAGR+16.8%
Avg YoY Growth+20.4%
Median YoY Growth+21.2%
Increase in allowance at Other Companies
Frequently Asked Questions
- What is Progressive's increase in allowance?
- Progressive (PGR) reported increase in allowance of $183.00M in Q1 2026.
- How has Progressive's increase in allowance changed year-over-year?
- Progressive's increase in allowance increased by 19.6% year-over-year, from $153.00M to $183.00M.
- What is the long-term trend for Progressive's increase in allowance?
- Over 4 years (2021 to 2025), Progressive's increase in allowance has grown at a 20.8% compound annual growth rate (CAGR), from $357.20M to $761.00M.
- What does increase in allowance mean?
- The amount added to the reserve for premiums that the company expects will not be collected.