Operating Expenses
Policyholder Benefits And Claims Incurred Net
Progressive Policyholder Benefits And Claims Incurred Net decreased by 2.0% to $13.83B in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 8.0%, from $12.8B to $13.83B. Over 3 years (FY 2022 to FY 2025), Policyholder Benefits And Claims Incurred Net shows an upward trend with a 12.3% CAGR.
Analysis
StatementIncome Statement
SectionOperating Expenses
First reportedQ1 2022
Last reportedQ1 2026May 4, 2026
Metric ID:
operating_expenses_policyholder_benefits_and_claims_incu_84f983Historical Data
17 periods
| 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 | $9.53B | $9.53B | $9.53B | $9.53B | $10.62B | $12.17B | $11.39B | $11.47B | $10.97B | $12.6B | $12.51B | $12.98B | $12.8B | $13.61B | $13.45B | $14.11B | $13.83B |
| QoQ Change | — | +0.0% | +0.0% | +0.0% | +11.5% | +14.6% | -6.4% | +0.7% | -4.4% | +14.8% | -0.7% | +3.8% | -1.4% | +6.3% | -1.2% | +4.9% | -2.0% |
| YoY Change | — | — | — | — | +11.5% | +27.7% | +19.5% | +20.4% | +3.3% | +3.5% | +9.9% | +13.2% | +16.7% | +8.0% | +7.5% | +8.6% | +8.0% |
Range$9.53B – $14.11B
CAGR+9.7%
Avg YoY Growth+12.1%
Median YoY Growth+9.9%
Product Breakdown
| Segment | Q1 '25 |
|---|---|
| Underwriting operations | $12.8B |
| Total | $12.8B |
Policyholder Benefits And Claims Incurred Net at Other Companies
Frequently Asked Questions
- What is Progressive's policyholder benefits and claims incurred net?
- Progressive (PGR) reported policyholder benefits and claims incurred net of $13.83B in Q1 2026.
- How has Progressive's policyholder benefits and claims incurred net changed year-over-year?
- Progressive's policyholder benefits and claims incurred net increased by 8.0% year-over-year, from $12.8B to $13.83B.
- What is the long-term trend for Progressive's policyholder benefits and claims incurred net?
- Over 3 years (2022 to 2025), Progressive's policyholder benefits and claims incurred net has grown at a 12.3% compound annual growth rate (CAGR), from $38.12B to $53.96B.