Question 1

What is Progressive's benefits, losses and expenses?

Accepted Answer

Progressive (PGR) reported benefits, losses and expenses of $18.62B in Q1 2026.

Question 2

How has Progressive's benefits, losses and expenses changed year-over-year?

Accepted Answer

Progressive's benefits, losses and expenses increased by 8.4% year-over-year, from $17.17B to $18.62B.

Question 3

What is the long-term trend for Progressive's benefits, losses and expenses?

Accepted Answer

Over 4 years (2021 to 2025), Progressive's benefits, losses and expenses has grown at a 14.0% compound annual growth rate (CAGR), from $43.49B to $73.45B.

Question 4

What does benefits, losses and expenses mean?

Accepted Answer

The combined total of all operating costs, including claims, loss adjustment expenses, policy acquisition costs, and general administrative overhead. This represents the total operational burden required to run the insurance business.

Three Months Ended March 31,	2026	2025
Investment expenses	8	7
Service expenses	131	117
Interest expense	70	70
Total expenses	18,622	17,173
Net Income
Income before income taxes	3,566	3,236
Provision for income taxes	748	669
Net income	2,818	2,567

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Progressive PGR Benefits, Losses and Expenses