Current Liabilities
Unearned premiums
Progressive Unearned premiums increased by 10.6% to $27.89B in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 4.8%, from $26.61B to $27.89B. Over 5 years (FY 2020 to FY 2025), Unearned premiums shows an upward trend with a 13.4% CAGR. This is a positive signal — higher values indicate stronger performance for this metric.
Analysis
StatementBalance Sheet Statement
SectionCurrent Liabilities
CategoryGrowth
SignalHigher is better
VolatilityModerate
First reportedQ4 2014
Last reportedQ1 2026May 4, 2026
How to read this metric
An increase indicates growth in new or renewed policy volume, while a decrease may signal a contraction in the insurance book.
Detailed definition
This represents the portion of written insurance premiums that the company has collected but has not yet earned because...
Peer comparison
Highly comparable across the insurance industry as a standard measure of unearned revenue.
Metric ID:
ins_unearned_premiumsHistorical 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 | $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 | $27.89B |
| 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% | +10.6% |
| 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% | +4.8% |
Range$15.56B – $27.89B
CAGR+13.1%
Avg YoY Growth+13.3%
Median YoY Growth+15.8%
Unearned premiums at Other Companies
Frequently Asked Questions
- What is Progressive's unearned premiums?
- Progressive (PGR) reported unearned premiums of $27.89B in Q1 2026.
- How has Progressive's unearned premiums changed year-over-year?
- Progressive's unearned premiums increased by 4.8% year-over-year, from $26.61B to $27.89B.
- 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.