Products & Services · Loss adjustment expenses
Underwriting operations — Loss adjustment expenses
Progressive Underwriting operations — Loss adjustment expenses remained flat by 0.0% 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. This is a positive signal — lower values indicate better performance for this metric.
Analysis
StatementSegment
CategoryEfficiency
SignalLower is better
VolatilityStable
First reportedQ1 2022
Last reportedQ1 2026
How to read this metric
An increase relative to total losses may indicate rising legal costs or operational inefficiencies in the claims handling process.
Detailed definition
These are the costs associated with investigating, settling, and defending insurance claims. This includes both internal...
Peer comparison
Commonly reported as 'LAE' across the insurance industry; a key component of the overall expense ratio.
Metric ID:
pgr_segment_underwriting_operations_loss_adjustment_expensesHistorical Data
34 periods
| Q1 '22 | Q1 '22 | Q2 '22 | Q2 '22 | Q3 '22 | Q3 '22 | Q4 '22 | Q4 '22 | Q1 '23 | Q1 '23 | Q2 '23 | Q2 '23 | Q3 '23 | Q3 '23 | Q4 '23 | Q4 '23 | Q1 '24 | Q1 '24 | Q2 '24 | Q2 '24 | Q3 '24 | Q3 '24 | Q4 '24 | Q4 '24 | Q1 '25 | Q1 '25 | Q2 '25 | Q2 '25 | Q3 '25 | Q3 '25 | Q4 '25 | Q4 '25 | Q1 '26 | Q1 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $1.16B | $1.16B | $1.16B | $1.16B | $1.16B | $1.16B | $1.16B | $1.16B | $1.37B | $1.37B | $1.37B | $1.37B | $1.37B | $1.37B | $1.37B | $1.37B | $1.47B | $1.47B | $1.60B | $1.60B | $1.66B | $1.66B | $1.70B | $1.70B | $1.68B | $1.68B | $1.76B | $1.76B | $1.85B | $1.85B | $1.89B | $1.89B | $1.88B | $1.88B |
| QoQ Change | — | +0.0% | +0.0% | +0.0% | +0.0% | +0.0% | +0.0% | +0.0% | +18.3% | +0.0% | +0.0% | +0.0% | +0.0% | +0.0% | +0.0% | +0.0% | +7.3% | +0.0% | +8.6% | +0.0% | +3.8% | +0.0% | +2.8% | +0.0% | -1.6% | +0.0% | +5.2% | +0.0% | +4.8% | +0.0% | +2.1% | +0.0% | -0.3% | +0.0% |
| YoY Change | — | — | — | — | — | — | — | — | +18.3% | +18.3% | +18.3% | +18.3% | +18.3% | +18.3% | +18.3% | +18.3% | +7.3% | +7.3% | +16.6% | +16.6% | +21.0% | +21.0% | +24.3% | +24.3% | +14.0% | +14.0% | +10.4% | +10.4% | +11.5% | +11.5% | +10.8% | +10.8% | +12.2% | +12.2% |
Range$1.16B – $1.89B
CAGR+6.1%
Avg YoY Growth+15.5%
Median YoY Growth+16.6%
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Frequently Asked Questions
- What is Progressive's underwriting operations — loss adjustment expenses?
- Progressive (PGR) reported underwriting operations — loss adjustment expenses of $1.88B in Q1 2026.
- How has Progressive's underwriting operations — loss adjustment expenses changed year-over-year?
- Progressive's underwriting operations — loss adjustment expenses increased by 12.2% year-over-year, from $1.68B to $1.88B.
- What does underwriting operations — loss adjustment expenses mean?
- The administrative and legal costs incurred to process and settle insurance claims.