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Progressive PGR Reinsurance recoverables

Reinsurance recoverables at other companies

The Travelers Companies logo
The Travelers CompaniesTRV
$8.01B-0.6%
Selective Insurance Group logo
Selective Insurance GroupSIGI
$952.25M+8.0%
The Hartford Financial Services Group logo
The Hartford Financial Services GroupHIG
$7.04B-0.9%
Universal Insurance Holdings logo
Universal Insurance HoldingsUVE
$176.89M-53.7%
The Hanover Insurance Group logo
The Hanover Insurance GroupTHG
$2.05B+0.9%
American Coastal Insurance Corporation logo
American Coastal Insurance CorporationACIC
$112.06M-44.6%

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$124.32B-12.0%
P/E10.6×-2.9×

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:ReinsuranceRecoverables.

The official record: Progressive’s 8-K, filed July 15, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Progressive's reinsurance recoverables?
Progressive (PGR) reported reinsurance recoverables of $3.92B in Q2 2026.
How has Progressive's reinsurance recoverables changed year-over-year?
Progressive's reinsurance recoverables decreased by 6.6% year-over-year, from $4.2B to $3.92B.
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?
This represents the portion of insurance claims that the company expects to recover from its reinsurers. It is a critical asset that mitigates the company's net exposure to large losses or catastrophic events. The quality of this asset depends on the financial strength and creditworthiness of the reinsurers involved.