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Progressive PGR Deferred policy acquisition costs

Deferred policy acquisition costs at other companies

Cincinnati Financial logo
Cincinnati FinancialCINF
$1.44B+5.5%
The Travelers Companies logo
The Travelers CompaniesTRV
$3.71B+1.3%
Selective Insurance Group logo
Selective Insurance GroupSIGI
$484.59M-5.1%
Kemper logo
KemperKMPR
$675.8M+2.4%
The Hartford Financial Services Group logo
The Hartford Financial Services GroupHIG
$1.46B+7.5%
Universal Insurance Holdings logo
Universal Insurance HoldingsUVE
$135.22M+8.0%

Other financials

Income statement

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Revenue$22.2B+8.7%
Net income$3.3B+4.3%
EPS (diluted)$4.80+9.8%

Balance sheet

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Cash & equivalents$162.0M-16.9%
Total debt$8.4B+21.6%
Total equity$34.3B+5.3%
Total assets$124.93B+8.2%

Cash flow

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Operating cash flow$4.4B-15.1%
CapEx$63.0M+6.8%
Free cash flow$4.3B-15.3%

Valuation

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Market cap$123.69B-14.8%
P/E10.6×-3.3×

Profitability

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Net margin12.9%+1.8pp
FCF margin18.4%-1.7pp

Returns & leverage

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Return on equity34.9%-2.4pp
Debt / equity0.2×0.0×

Where this comes from

Reported directly by Progressive in its filing.

Tagged under the XBRL concept us-gaap:DeferredPolicyAcquisitionCosts.

The source filing: Progressive’s 8-K, filed July 15, 2026. Open the filing →

Filed
Jul 15, 2026, 9:50 AM EDT
Accession
0000080661-26-000262

FAQ

What is Progressive's deferred policy acquisition costs?
Progressive (PGR) reported deferred policy acquisition costs of $2.21B in Q2 2026.
How has Progressive's deferred policy acquisition costs changed year-over-year?
Progressive's deferred policy acquisition costs increased by 4.8% year-over-year, from $2.11B to $2.21B.
What is the long-term trend for Progressive's deferred policy acquisition costs?
Over 5 years (2020 to 2025), Progressive's deferred policy acquisition costs has grown at a 10.6% compound annual growth rate (CAGR), from $1.24B to $2.04B.
What does deferred policy acquisition costs mean?
These are the incremental costs directly related to the successful acquisition of new or renewed insurance policies, such as commissions and premium taxes. Instead of expensing these costs immediately, they are deferred and amortized over the life of the policy. This aligns the expense recognition with the period in which the related premium revenue is earned.

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