Non-Current Liabilities
Long-Term Debt
Progressive Long-Term Debt increased by 21.6% to $8.39B in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 21.6%, from $6.89B to $8.39B. Over 5 years (FY 2020 to FY 2025), Long-Term Debt shows an upward trend with a 5.0% CAGR.
Analysis
StatementBalance Sheet Statement
SectionNon-Current Liabilities
CategoryLeverage
SignalContext dependent
VolatilityStable
First reportedQ4 2014
Last reportedQ1 2026May 4, 2026
How to read this metric
Higher levels increase financial leverage and interest expense, which can boost returns on equity but also increase insolvency risk.
Detailed definition
This includes all interest-bearing financial obligations with maturities extending beyond one year, such as bonds, notes...
Peer comparison
Evaluated against industry-standard debt-to-equity and interest coverage ratios.
Metric ID:
long_term_debtHistorical 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 | $5.40B | $4.90B | $4.90B | $6.39B | $6.39B | $6.39B | $6.39B | $6.39B | $6.89B | $6.89B | $6.89B | $6.89B | $6.89B | $6.89B | $6.89B | $6.89B | $6.90B | $6.90B | $6.90B | $8.39B |
| QoQ Change | — | -9.3% | +0.0% | +30.4% | +0.0% | +0.0% | +0.0% | +0.0% | +7.8% | +0.0% | +0.0% | +0.0% | +0.0% | +0.0% | +0.0% | +0.0% | +0.0% | +0.0% | +0.0% | +21.6% |
| YoY Change | — | — | — | — | +18.3% | +30.4% | +30.4% | +0.1% | +7.8% | +7.8% | +7.8% | +7.8% | +0.1% | +0.1% | +0.1% | +0.1% | +0.1% | +0.1% | +0.1% | +21.6% |
Range$4.90B – $8.39B
CAGR+9.7%
Avg YoY Growth+8.3%
Median YoY Growth+3.9%
Current Streak18 quarters growth
Long-Term Debt at Other Companies
Frequently Asked Questions
- What is Progressive's long-term debt?
- Progressive (PGR) reported long-term debt of $8.39B in Q1 2026.
- How has Progressive's long-term debt changed year-over-year?
- Progressive's long-term debt increased by 21.6% year-over-year, from $6.89B to $8.39B.
- What is the long-term trend for Progressive's long-term debt?
- Over 5 years (2020 to 2025), Progressive's long-term debt has grown at a 5.0% compound annual growth rate (CAGR), from $5.40B to $6.90B.
- What does long-term debt mean?
- Debt obligations that are due to be paid back after more than one year.