Benefits, claims, losses, and settlement expenses
Progressive Benefits, claims, losses, and settlement expenses remained flat by 0.0% to $13.49B in Q4 2025 compared to the prior quarter. Year-over-year, this metric grew by 10.0%, from $12.27B to $13.49B. Over 4 years (FY 2021 to FY 2025), Benefits, claims, losses, and settlement expenses shows an upward trend with a 12.5% CAGR. This is a positive signal — lower values indicate better performance for this metric.
Analysis
How to read this metric
An increase relative to premiums suggests deteriorating underwriting performance or higher-than-expected loss severity, while a decrease indicates improved underwriting efficiency.
Detailed definition
The total costs incurred for insurance claims, policy benefits, and the associated expenses to settle those claims. This...
Peer comparison
Standard metric for all insurance companies, often used to calculate the loss ratio.
other_supplementary_insurance_information_benefits_claim_4693deHistorical Data
| FY'21 | FY'22 | FY'23 | FY'24 | FY'25 | |
|---|---|---|---|---|---|
| Value | $33.63B | $38.12B | $45.66B | $49.06B | $53.96B |
| YoY Change | — | +13.4% | +19.8% | +7.5% | +10.0% |
Business Segments
| Segment | FY'21 | FY'22 | FY'23 | FY'24 | FY'25 |
|---|---|---|---|---|---|
| Personal Lines Segment | $27.04B | $31.57B | $37.75B | $41.44B | $46.66B |
| Other Indemnity | $5.40M | $6.00M | $6.00M | $7.00M | $1.00M |
| Property Segment | $1.76B | — | — | — | — |
| Total | $33.63B | $38.12B | $45.66B | $49.06B | $53.96B |
All segment values are derived from annual filings.
Property Segment was previously reported and has since been discontinued or reclassified. Only currently active segments are shown in the chart.
Benefits, claims, losses, and settlement expenses at Other Companies
Frequently Asked Questions
- What is Progressive's benefits, claims, losses, and settlement expenses?
- Progressive (PGR) reported benefits, claims, losses, and settlement expenses of $13.49B in Q4 2025.
- How has Progressive's benefits, claims, losses, and settlement expenses changed year-over-year?
- Progressive's benefits, claims, losses, and settlement expenses increased by 10.0% year-over-year, from $12.27B to $13.49B.
- What is the long-term trend for Progressive's benefits, claims, losses, and settlement expenses?
- Over 4 years (2021 to 2025), Progressive's benefits, claims, losses, and settlement expenses has grown at a 12.5% compound annual growth rate (CAGR), from $33.63B to $53.96B.
- What does benefits, claims, losses, and settlement expenses mean?
- The total cost of paying out insurance claims and related settlement expenses.