Products & Services · Losses (excluding catastrophe losses)
Underwriting operations — Losses (excluding catastrophe losses)
Progressive Underwriting operations — Losses (excluding catastrophe losses) remained flat by 0.0% to $11.68B in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 9.5%, from $10.67B to $11.68B. 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
How to read this metric
A decrease relative to premiums suggests improved risk selection and pricing accuracy, while an increase may indicate deteriorating loss trends or inadequate pricing.
Detailed definition
This represents the costs incurred from standard insurance claims, excluding those arising from major, unpredictable cat...
Peer comparison
Often referred to as 'attritional losses' in the insurance industry; essential for assessing the core risk profile of the underwriting book.
Metric ID:
pgr_segment_underwriting_operations_losses_excluding_catastrophe_lossesHistorical 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 | $7.96B | $7.96B | $7.96B | $7.96B | $7.96B | $7.96B | $7.96B | $7.96B | $9.59B | $9.59B | $9.59B | $9.59B | $9.59B | $9.59B | $9.59B | $9.59B | $9.15B | $9.15B | $9.73B | $9.73B | $10.12B | $10.12B | $11.11B | $11.11B | $10.67B | $10.67B | $11.13B | $11.13B | $11.38B | $11.38B | $12.12B | $12.12B | $11.68B | $11.68B |
| QoQ Change | — | +0.0% | +0.0% | +0.0% | +0.0% | +0.0% | +0.0% | +0.0% | +20.6% | +0.0% | +0.0% | +0.0% | +0.0% | +0.0% | +0.0% | +0.0% | -4.6% | +0.0% | +6.3% | +0.0% | +4.0% | +0.0% | +9.8% | +0.0% | -4.0% | +0.0% | +4.4% | +0.0% | +2.2% | +0.0% | +6.6% | +0.0% | -3.7% | +0.0% |
| YoY Change | — | — | — | — | — | — | — | — | +20.6% | +20.6% | +20.6% | +20.6% | +20.6% | +20.6% | +20.6% | +20.6% | -4.6% | -4.6% | +1.4% | +1.4% | +5.5% | +5.5% | +15.8% | +15.8% | +16.5% | +16.5% | +14.5% | +14.5% | +12.4% | +12.4% | +9.1% | +9.1% | +9.5% | +9.5% |
Range$7.96B – $12.12B
CAGR+4.8%
Avg YoY Growth+12.5%
Median YoY Growth+14.5%
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Frequently Asked Questions
- What is Progressive's underwriting operations — losses (excluding catastrophe losses)?
- Progressive (PGR) reported underwriting operations — losses (excluding catastrophe losses) of $11.68B in Q1 2026.
- How has Progressive's underwriting operations — losses (excluding catastrophe losses) changed year-over-year?
- Progressive's underwriting operations — losses (excluding catastrophe losses) increased by 9.5% year-over-year, from $10.67B to $11.68B.
- What does underwriting operations — losses (excluding catastrophe losses) mean?
- The cost of regular insurance claims, excluding major disasters.