Products & Services · Losses and loss adjustment expenses
Underwriting operations — Losses and loss adjustment expenses
Progressive Underwriting operations — Losses and loss adjustment expenses remained flat by 0.0% to $13.83B in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 8.0%, from $12.80B to $13.83B. This is a positive signal — lower values indicate better performance for this metric.
Analysis
StatementSegment
CategoryEfficiency
SignalLower is better
VolatilityModerate
First reportedQ1 2022
Last reportedQ1 2026
Rolls up toMedical costs
How to read this metric
A lower ratio of these costs to earned premiums indicates superior underwriting and claims management, whereas a higher ratio suggests poor profitability.
Detailed definition
This is the total cost of claims incurred plus the expenses required to manage those claims. It represents the primary c...
Peer comparison
Standard industry metric for total claims-related costs; essential for calculating the loss ratio.
Metric ID:
pgr_segment_underwriting_operations_losses_and_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 | $9.53B | $9.53B | $9.53B | $9.53B | $9.53B | $9.53B | $9.53B | $9.53B | $11.41B | $11.41B | $11.41B | $11.41B | $11.41B | $11.41B | $11.41B | $11.41B | $10.97B | $10.97B | $12.60B | $12.60B | $12.51B | $12.51B | $12.98B | $12.98B | $12.80B | $12.80B | $13.61B | $13.61B | $13.45B | $13.45B | $14.11B | $14.11B | $13.83B | $13.83B |
| QoQ Change | — | +0.0% | +0.0% | +0.0% | +0.0% | +0.0% | +0.0% | +0.0% | +19.8% | +0.0% | +0.0% | +0.0% | +0.0% | +0.0% | +0.0% | +0.0% | -3.9% | +0.0% | +14.8% | +0.0% | -0.7% | +0.0% | +3.8% | +0.0% | -1.4% | +0.0% | +6.3% | +0.0% | -1.2% | +0.0% | +4.9% | +0.0% | -2.0% | +0.0% |
| YoY Change | — | — | — | — | — | — | — | — | +19.8% | +19.8% | +19.8% | +19.8% | +19.8% | +19.8% | +19.8% | +19.8% | -3.9% | -3.9% | +10.3% | +10.3% | +9.6% | +9.6% | +13.7% | +13.7% | +16.7% | +16.7% | +8.0% | +8.0% | +7.5% | +7.5% | +8.6% | +8.6% | +8.0% | +8.0% |
Range$9.53B – $14.11B
CAGR+4.6%
Avg YoY Growth+12.1%
Median YoY Growth+10.3%
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Frequently Asked Questions
- What is Progressive's underwriting operations — losses and loss adjustment expenses?
- Progressive (PGR) reported underwriting operations — losses and loss adjustment expenses of $13.83B in Q1 2026.
- How has Progressive's underwriting operations — losses and loss adjustment expenses changed year-over-year?
- Progressive's underwriting operations — losses and loss adjustment expenses increased by 8.0% year-over-year, from $12.80B to $13.83B.
- What does underwriting operations — losses and loss adjustment expenses mean?
- The combined cost of paying claims and the expenses to manage them.