Non-Current Assets
Reinsurance recoverables
Progressive Reinsurance recoverables decreased by 2.0% to $4.00B in Q1 2026 compared to the prior quarter. Year-over-year, this metric declined by 10.0%, from $4.45B to $4.00B. 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 2014
Last reportedQ1 2026May 4, 2026
How to read this metric
An increase often follows large loss events, indicating the company is successfully transferring risk to reinsurers.
Detailed definition
This represents the portion of insurance claims that the company expects to recover from its reinsurers. It is a critica...
Peer comparison
Standard for all insurers that utilize reinsurance to manage underwriting risk.
Metric ID:
ins_reinsurance_recoverablesHistorical 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 | $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 | $4.00B |
| QoQ Change | — | +7.1% | -1.3% | +0.9% | -1.3% | +27.1% | -7.5% | -3.7% | -1.8% | -3.4% | -4.4% | -1.8% | -2.4% | +0.0% | -2.4% | -6.6% | -5.7% | -2.1% | -0.6% | -2.0% |
| 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% | -10.0% |
Range$4.00B – $6.31B
CAGR-3.4%
Avg YoY Growth-3.8%
Median YoY Growth-10.5%
Current Streak6 quarters decline
Reinsurance recoverables at Other Companies
Frequently Asked Questions
- What is Progressive's reinsurance recoverables?
- Progressive (PGR) reported reinsurance recoverables of $4.00B in Q1 2026.
- How has Progressive's reinsurance recoverables changed year-over-year?
- Progressive's reinsurance recoverables decreased by 10.0% year-over-year, from $4.45B to $4.00B.
- 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 company expects to receive from its reinsurance partners to cover paid or reserved claims.