Non-Current Assets
Deferred policy acquisition costs
Progressive Deferred policy acquisition costs decreased by 5.5% to $2.04B in Q4 2025 compared to the prior quarter. Year-over-year, this metric grew by 4.2%, from $1.96B to $2.04B. Over 5 years (FY 2020 to FY 2025), Deferred policy acquisition costs shows an upward trend with a 10.6% CAGR.
Analysis
StatementBalance Sheet Statement
SectionNon-Current Assets
CategoryEfficiency
SignalContext dependent
VolatilityStable
First reportedQ4 2014
Last reportedQ4 2025
How to read this metric
An increase suggests strong new business production, while a decrease may indicate a slowdown in new policy acquisition.
Detailed definition
These are the incremental costs directly related to acquiring new insurance contracts, such as commissions and underwrit...
Peer comparison
Standard across the insurance industry, though amortization periods vary by product type.
Metric ID:
ins_deferred_policy_acquisition_costsHistorical Data
19 periods
| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $1.36B | $1.43B | $1.36B | $1.41B | $1.50B | $1.59B | $1.54B | $1.63B | $1.69B | $1.73B | $1.69B | $1.82B | $1.94B | $2.03B | $1.96B | $2.07B | $2.11B | $2.16B | $2.04B |
| QoQ Change | — | +5.2% | -5.2% | +3.8% | +6.4% | +5.8% | -2.6% | +5.3% | +3.6% | +2.8% | -2.6% | +7.8% | +6.6% | +4.8% | -3.5% | +5.5% | +2.0% | +2.6% | -5.5% |
| YoY Change | — | — | — | — | +10.1% | +10.8% | +13.9% | +15.6% | +12.5% | +9.3% | +9.3% | +11.8% | +15.0% | +17.3% | +16.2% | +13.7% | +8.9% | +6.5% | +4.2% |
Range$1.36B – $2.16B
CAGR+9.5%
Avg YoY Growth+11.7%
Median YoY Growth+11.8%
Deferred policy acquisition costs at Other Companies
Frequently Asked Questions
- What is Progressive's deferred policy acquisition costs?
- Progressive (PGR) reported deferred policy acquisition costs of $2.04B in Q4 2025.
- How has Progressive's deferred policy acquisition costs changed year-over-year?
- Progressive's deferred policy acquisition costs increased by 4.2% year-over-year, from $1.96B to $2.04B.
- 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?
- Upfront costs of selling insurance policies that are spread out over the life of the policy rather than expensed immediately.