Other
Pretax underwriting profit (loss)
Progressive Pretax underwriting profit (loss) increased by 12.5% to $2.85B in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 5.0%, from $2.72B to $2.85B. Over 3 years (FY 2022 to FY 2025), Pretax underwriting profit (loss) shows an upward trend with a 70.6% CAGR. This is a positive signal — higher values indicate stronger performance for this metric.
Analysis
StatementIncome Statement
SectionOther
CategoryProfitability
SignalHigher is better
VolatilityModerate
First reportedQ1 2022
Last reportedQ1 2026May 4, 2026
How to read this metric
Higher values indicate superior risk selection and pricing discipline, while negative values signal underwriting losses.
Detailed definition
The profit or loss generated from insurance underwriting activities, calculated as premiums earned minus claims, losses,...
Peer comparison
Standard industry metric equivalent to underwriting gain/loss; peers often report this as the inverse of the combined ratio.
Metric ID:
other_pretax_underwriting_profit_lossHistorical 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 | $516.00M | $516.00M | $516.00M | $516.00M | $748.00M | $748.00M | $748.00M | $748.00M | $2.25B | $1.39B | $2.01B | $2.32B | $2.72B | $2.81B | $2.19B | $2.53B | $2.85B |
| QoQ Change | — | +0.0% | +0.0% | +0.0% | +45.0% | +0.0% | +0.0% | +0.0% | +200.8% | -38.4% | +44.7% | +15.6% | +17.3% | +3.3% | -22.0% | +15.7% | +12.5% |
| YoY Change | — | — | — | — | +45.0% | +45.0% | +45.0% | +45.0% | +200.8% | +85.3% | +168.0% | +209.8% | +20.8% | +102.6% | +9.2% | +9.4% | +5.0% |
Range$516.00M – $2.85B
CAGR+53.3%
Avg YoY Growth+76.2%
Median YoY Growth+45.0%
Current Streak2 quarters growth
Product Breakdown
| Segment | Q1 '25 |
|---|---|
| Underwriting operations | $2.72B |
| Total | $2.72B |
Pretax underwriting profit (loss) at Other Companies
Frequently Asked Questions
- What is Progressive's pretax underwriting profit (loss)?
- Progressive (PGR) reported pretax underwriting profit (loss) of $2.85B in Q1 2026.
- How has Progressive's pretax underwriting profit (loss) changed year-over-year?
- Progressive's pretax underwriting profit (loss) increased by 5.0% year-over-year, from $2.72B to $2.85B.
- What is the long-term trend for Progressive's pretax underwriting profit (loss)?
- Over 3 years (2022 to 2025), Progressive's pretax underwriting profit (loss) has grown at a 70.6% compound annual growth rate (CAGR), from $2.06B to $10.25B.
- What does pretax underwriting profit (loss) mean?
- The profit earned from insurance operations before accounting for investment gains or taxes.