Discontinued — last reported Q4 '23
Non-Current Assets
Reinsurance recoverables
Progressive Reinsurance recoverables decreased by 0.6% to $4.08B in Q4 2025 compared to the prior quarter. Year-over-year, this metric declined by 14.3%, from $4.77B to $4.08B. Over 5 years (FY 2020 to FY 2025), Reinsurance recoverables shows relatively stable performance with a 0.3% CAGR.
Analysis
StatementBalance Sheet Statement
SectionNon-Current Assets
CategoryRisk
SignalContext dependent
VolatilityModerate
First reportedQ4 2019
Last reportedQ4 2023
How to read this metric
An increase indicates higher reliance on reinsurance for risk mitigation, while a decrease may reflect lower ceded risk or successful collection.
Detailed definition
This represents the portion of insurance claims that the company expects to recover from its reinsurers. It reflects the...
Peer comparison
Larger global insurers typically carry higher recoverables due to extensive use of reinsurance treaties.
Metric ID:
ins_reinsurance_recoverablesHistorical 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 | $4.71B | $5.04B | $4.98B | $5.03B | $4.96B | $6.31B | $5.83B | $5.62B | $5.52B | $5.33B | $5.09B | $5.00B | $4.88B | $4.88B | $4.77B | $4.45B | $4.20B | $4.11B | $4.08B |
| QoQ Change | — | +7.1% | -1.3% | +0.9% | -1.3% | +27.1% | -7.5% | -3.7% | -1.8% | -3.4% | -4.5% | -1.8% | -2.4% | +0.0% | -2.4% | -6.6% | -5.7% | -2.1% | -0.6% |
| YoY Change | — | — | — | — | +5.4% | +25.0% | +17.1% | +11.8% | +11.2% | -15.5% | -12.7% | -10.9% | -11.5% | -8.4% | -6.5% | -11.1% | -14.0% | -15.9% | -14.3% |
Range$4.08B – $6.31B
CAGR-3.1%
Avg YoY Growth-3.4%
Median YoY Growth-10.9%
Current Streak5 quarters decline
Reinsurance recoverables at Other Companies
Frequently Asked Questions
- What is Progressive's reinsurance recoverables?
- Progressive (PGR) reported reinsurance recoverables of $4.08B in Q4 2025.
- How has Progressive's reinsurance recoverables changed year-over-year?
- Progressive's reinsurance recoverables decreased by 14.3% year-over-year, from $4.77B to $4.08B.
- What is the long-term trend for Progressive's reinsurance recoverables?
- Over 5 years (2020 to 2025), Progressive's reinsurance recoverables has grown at a 0.3% compound annual growth rate (CAGR), from $4.02B to $4.08B.
- What does reinsurance recoverables mean?
- The amount of money the insurance company expects to collect from reinsurers for claims that have already been paid or reserved.