Cost of Revenue
Medical costs
Progressive Medical costs increased by 4.9% to $14.11B in Q4 2025 compared to the prior quarter. Year-over-year, this metric grew by 8.6%, from $12.98B to $14.11B. Over 2 years (FY 2022 to FY 2025), Medical costs shows an upward trend with a 19.0% CAGR. This is a positive signal — lower values indicate better performance for this metric.
Analysis
StatementIncome Statement
SectionCost of Revenue
CategoryProfitability
SignalLower is better
VolatilityStable
First reportedQ1 2013
Last reportedQ4 2025
How to read this metric
A lower ratio of medical costs to premiums (Medical Loss Ratio) generally indicates better underwriting profitability.
Detailed definition
Expenses related to the provision of healthcare services and the settlement of medical claims for insurance policyholder...
Peer comparison
Specific to health insurance providers; not applicable to traditional banking institutions.
Metric ID:
is_unh_medical_costsHistorical Data
14 periods
| Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q2 '23 | Q3 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $9.53B | $9.53B | $9.53B | $9.53B | $12.17B | $11.39B | $10.97B | $12.60B | $12.51B | $12.98B | $12.80B | $13.61B | $13.45B | $14.11B |
| QoQ Change | — | +0.0% | +0.0% | +0.0% | +27.7% | -6.4% | -3.7% | +14.8% | -0.7% | +3.8% | -1.4% | +6.3% | -1.2% | +4.9% |
| YoY Change | — | — | — | — | +27.7% | +19.5% | — | +3.5% | +9.9% | — | +16.7% | +8.0% | +7.5% | +8.6% |
Range$9.53B – $14.11B
CAGR+12.8%
Avg YoY Growth+12.7%
Median YoY Growth+9.3%
Product Breakdown
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Medical costs at Other Companies
Frequently Asked Questions
- What is Progressive's medical costs?
- Progressive (PGR) reported medical costs of $14.11B in Q4 2025.
- How has Progressive's medical costs changed year-over-year?
- Progressive's medical costs increased by 8.6% year-over-year, from $12.98B to $14.11B.
- What is the long-term trend for Progressive's medical costs?
- Over 2 years (2022 to 2025), Progressive's medical costs has grown at a 19.0% compound annual growth rate (CAGR), from $38.12B to $53.96B.
- What does medical costs mean?
- The cost of paying for medical services and claims for insurance members.