Current Liabilities
Unearned premiums
Progressive Unearned premiums decreased by 6.0% to $25.22B in Q4 2025 compared to the prior quarter. Year-over-year, this metric grew by 5.7%, from $23.86B to $25.22B. Over 5 years (FY 2020 to FY 2025), Unearned premiums shows an upward trend with a 13.4% CAGR. This decline may warrant attention — for this metric, higher values are generally preferred.
Analysis
StatementBalance Sheet Statement
SectionCurrent Liabilities
CategoryGrowth
SignalHigher is better
VolatilityStable
First reportedQ4 2014
Last reportedQ4 2025
How to read this metric
An increase typically signals growth in new business or policy renewals, while a decrease suggests a contraction in the active policy portfolio.
Detailed definition
This liability represents the portion of insurance premiums collected in advance that corresponds to the unexpired term...
Peer comparison
Standard across all insurance carriers; peers are compared based on the ratio of unearned premiums to total written premiums.
Metric ID:
ins_unearned_premiumsHistorical 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 | $15.56B | $16.67B | $15.62B | $16.99B | $17.27B | $17.80B | $17.29B | $19.84B | $20.07B | $20.76B | $20.13B | $22.91B | $23.68B | $24.77B | $23.86B | $26.61B | $26.34B | $26.82B | $25.22B |
| QoQ Change | — | +7.2% | -6.3% | +8.8% | +1.7% | +3.0% | -2.8% | +14.7% | +1.1% | +3.4% | -3.0% | +13.8% | +3.4% | +4.6% | -3.7% | +11.5% | -1.0% | +1.8% | -6.0% |
| YoY Change | — | — | — | — | +11.0% | +6.8% | +10.7% | +16.8% | +16.2% | +16.7% | +16.4% | +15.4% | +18.0% | +19.3% | +18.5% | +16.2% | +11.2% | +8.3% | +5.7% |
Range$15.56B – $26.82B
CAGR+11.3%
Avg YoY Growth+13.8%
Median YoY Growth+16.2%
Unearned premiums at Other Companies
Frequently Asked Questions
- What is Progressive's unearned premiums?
- Progressive (PGR) reported unearned premiums of $25.22B in Q4 2025.
- How has Progressive's unearned premiums changed year-over-year?
- Progressive's unearned premiums increased by 5.7% year-over-year, from $23.86B to $25.22B.
- What is the long-term trend for Progressive's unearned premiums?
- Over 5 years (2020 to 2025), Progressive's unearned premiums has grown at a 13.4% compound annual growth rate (CAGR), from $13.44B to $25.22B.
- What does unearned premiums mean?
- Premiums collected for insurance coverage that has not yet been provided.