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Progressive PGR Increase (Decrease) in Reinsurance Recoverable

Increase (Decrease) in Reinsurance Recoverable at other companies

The Travelers Companies logo
The Travelers CompaniesTRV
$23M
Kemper logo
KemperKMPR
-$2.8M-411%
The Hartford Financial Services Group logo
The Hartford Financial Services GroupHIG
-$35M+57.3%
Universal Insurance Holdings logo
Universal Insurance HoldingsUVE
-$98.67M-197%
Allstate logo
AllstateALL
-$541M
The Hanover Insurance Group logo
The Hanover Insurance GroupTHG
$27.2M+149%

Other financials

Income statement

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Revenue$22.2B+8.7%
Net income$3.3B+4.3%
EPS (diluted)$4.80+9.8%

Balance sheet

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Cash & equivalents$162.0M-16.9%
Total debt$8.4B+21.6%
Total equity$34.3B+5.3%
Total assets$124.93B+8.2%

Cash flow

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Operating cash flow$4.4B-15.1%
CapEx$63.0M+6.8%
Free cash flow$4.3B-15.3%

Valuation

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Market cap$123.69B-14.8%
P/E10.6×-3.3×

Profitability

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Net margin12.9%+1.8pp
FCF margin18.4%-1.7pp

Returns & leverage

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Return on equity34.9%-2.4pp
Debt / equity0.2×0.0×

Where this comes from

Reported directly by Progressive in its filing.

Tagged under the XBRL concept us-gaap:IncreaseDecreaseInReinsuranceRecoverable.

The source filing: Progressive’s 10-Q, filed May 4, 2026.

Filed
May 4, 2026, 9:59 AM EDT
Fiscal quarter
Q1 FY2026
Calendar quarter
Q1 2026
Accession
0000080661-26-000177
Three Months Ended March 31,20262025
Net (gains) losses on disposition of property and equipment33
Changes in:
Premiums receivable(2,252)(2,442)
Reinsurance recoverables80316
Prepaid reinsurance premiums(1)43
Deferred acquisition costs(87)(107)
Income taxes830667
Unearned premiums2,6742,754

Item 1. Financial Statements.

FAQ

What is Progressive's increase (decrease) in reinsurance recoverable?
Progressive (PGR) reported increase (decrease) in reinsurance recoverable of -$80M in Q1 2026.
How has Progressive's increase (decrease) in reinsurance recoverable changed year-over-year?
Progressive's increase (decrease) in reinsurance recoverable increased by 74.7% year-over-year, from -$316M to -$80M.
What is the long-term trend for Progressive's increase (decrease) in reinsurance recoverable?
Over 2 years (2023 to 2025), Progressive's increase (decrease) in reinsurance recoverable has grown at a -3.9% compound annual growth rate (CAGR), from -$738M to -$682M.
What does increase (decrease) in reinsurance recoverable mean?
This represents the change in amounts expected to be recovered from reinsurers for claims already paid or incurred by the company. It is a critical indicator of the company's reliance on and success in utilizing reinsurance to mitigate risk.

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