Current Assets
Premiums receivable
Progressive Premiums receivable increased by 14.7% to $17.61B in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 4.8%, from $16.81B to $17.61B. Over 5 years (FY 2020 to FY 2025), Premiums receivable shows an upward trend with a 13.5% CAGR. This increase may warrant attention — for this metric, lower values are generally preferred.
Analysis
StatementBalance Sheet Statement
SectionCurrent Assets
CategoryLiquidity
SignalLower is better
VolatilityModerate
First reportedQ4 2014
Last reportedQ1 2026May 4, 2026
How to read this metric
A rising balance relative to premiums written may suggest collection inefficiencies or a shift toward longer payment terms.
Detailed definition
This represents the amount of insurance premiums that have been billed to policyholders but have not yet been collected....
Peer comparison
Standard metric for all insurers, though levels vary based on the mix of direct versus agency billing.
Metric ID:
ins_premiums_receivableHistorical Data
20 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 | Q1 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $9.44B | $10.25B | $9.4B | $10.52B | $10.56B | $10.87B | $10.42B | $12.41B | $12.27B | $12.41B | $11.96B | $14.19B | $14.55B | $15.14B | $14.37B | $16.81B | $16.41B | $16.52B | $15.36B | $17.61B |
| QoQ Change | — | +8.6% | -8.3% | +11.9% | +0.4% | +2.9% | -4.1% | +19.1% | -1.1% | +1.1% | -3.6% | +18.7% | +2.5% | +4.1% | -5.1% | +17.0% | -2.4% | +0.7% | -7.0% | +14.7% |
| YoY Change | — | — | — | — | +11.9% | +6.1% | +10.8% | +18.0% | +16.2% | +14.2% | +14.8% | +14.4% | +18.5% | +22.0% | +20.2% | +18.4% | +12.8% | +9.1% | +6.9% | +4.8% |
Range$9.4B – $17.61B
CAGR+14.0%
Avg YoY Growth+13.7%
Median YoY Growth+14.3%
Premiums receivable at Other Companies
Frequently Asked Questions
- What is Progressive's premiums receivable?
- Progressive (PGR) reported premiums receivable of $17.61B in Q1 2026.
- How has Progressive's premiums receivable changed year-over-year?
- Progressive's premiums receivable increased by 4.8% year-over-year, from $16.81B to $17.61B.
- What is the long-term trend for Progressive's premiums receivable?
- Over 5 years (2020 to 2025), Progressive's premiums receivable has grown at a 13.5% compound annual growth rate (CAGR), from $8.16B to $15.36B.
- What does premiums receivable mean?
- Money owed to the insurance company by policyholders for coverage already provided or billed.