Revenue

Net premiums earned

Progressive Net premiums earned remained flat by 0.0% to $20.97B in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 8.0%, from $19.41B to $20.97B. This decline may warrant attention — for this metric, higher values are generally preferred.

Analysis

StatementIncome Statement
SectionRevenue
CategoryGrowth
SignalHigher is better
VolatilityStable
First reportedQ1 2013
Last reportedQ1 2026

How to read this metric

An increase indicates growth in the member base or higher premium pricing, while a decrease may signal market share loss or competitive pricing pressure.

Detailed definition

Represents the total revenue generated from insurance premiums after accounting for reinsurance cessions. This is the pr...

Peer comparison

Standard across all health insurance peers; comparable to gross written premiums adjusted for reinsurance.

Metric ID: net_premiums_earned

Historical Data

34 periods
 Q1 '22Q1 '22Q2 '22Q2 '22Q3 '22Q3 '22Q4 '22Q4 '22Q1 '23Q1 '23Q2 '23Q2 '23Q3 '23Q3 '23Q4 '23Q4 '23Q1 '24Q1 '24Q2 '24Q2 '24Q3 '24Q3 '24Q4 '24Q4 '24Q1 '25Q1 '25Q2 '25Q2 '25Q3 '25Q3 '25Q4 '25Q4 '25Q1 '26Q1 '26
Value$12.31B$12.31B$12.31B$12.31B$12.31B$12.31B$12.31B$12.31B$14.67B$14.67B$14.67B$14.67B$14.67B$14.67B$14.67B$14.67B$16.15B$16.15B$17.21B$17.21B$18.30B$18.30B$19.14B$19.14B$19.41B$19.41B$20.31B$20.31B$20.85B$20.85B$21.09B$21.09B$20.97B$20.97B
QoQ Change+0.0%+0.0%+0.0%+0.0%+0.0%+0.0%+0.0%+19.1%+0.0%+0.0%+0.0%+0.0%+0.0%+0.0%+0.0%+10.1%+0.0%+6.6%+0.0%+6.3%+0.0%+4.6%+0.0%+1.4%+0.0%+4.6%+0.0%+2.7%+0.0%+1.2%+0.0%-0.6%+0.0%
YoY Change+19.1%+19.1%+19.1%+19.1%+19.1%+19.1%+19.1%+19.1%+10.1%+10.1%+17.3%+17.3%+24.8%+24.8%+30.5%+30.5%+20.2%+20.2%+18.0%+18.0%+13.9%+13.9%+10.2%+10.2%+8.0%+8.0%
Range$12.31B$21.09B
CAGR+6.7%
Avg YoY Growth+17.7%
Median YoY Growth+19.1%

Frequently Asked Questions

What is Progressive's net premiums earned?
Progressive (PGR) reported net premiums earned of $20.97B in Q1 2026.
How has Progressive's net premiums earned changed year-over-year?
Progressive's net premiums earned increased by 8.0% year-over-year, from $19.41B to $20.97B.
What does net premiums earned mean?
The total money collected from insurance premiums after paying for reinsurance.