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Progressive PGR Ceded Premiums Earned

Ceded Premiums Earned at other companies

Kemper logo
KemperKMPR
$4.33M-47.7%
Universal Insurance Holdings logo
Universal Insurance HoldingsUVE
$174.52M+10.8%
HCI Group logo
HCI GroupHCI
$101.81M-0.7%
American Coastal Insurance Corporation logo
American Coastal Insurance CorporationACIC
$75.52M-19.5%
Slide Insurance Holdings, Inc. logo
Slide Insurance Holdings, Inc.SLDE
-$125.46M-232%

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$125.19B-13.7%
P/E10.7×-3.2×

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:CededPremiumsEarned.

The source filing: Progressive’s 10-K, filed March 2, 2026.

Filed
Mar 2, 2026, 10:40 AM EST
Fiscal year
FY2025
Accession
0000080661-26-000086
Year Ended: / December 31, 2025Gross AmountCeded to Other CompaniesAssumed From Other CompaniesNet AmountPercentageof Amount Assumed to Net
Premiums earned:
Property and liability insurance$82,847$1,186$0$81,6610%
December 31, 2024
Premiums earned:
Property and liability insurance$72,169$1,370$0$70,7990%
December 31, 2023
Premiums earned:
Property and liability insurance$59,881$1,216$0$58,6650%

ITEM 15. EXHIBITS AND FINANCIAL STATEMENT SCHEDULES

FAQ

What is Progressive's ceded premiums earned?
Progressive (PGR) reported ceded premiums earned of $296.5M in Q4 2025.
How has Progressive's ceded premiums earned changed year-over-year?
Progressive's ceded premiums earned decreased by 13.4% year-over-year, from $342.5M to $296.5M.
What is the long-term trend for Progressive's ceded premiums earned?
Over 4 years (2021 to 2025), Progressive's ceded premiums earned has grown at a -7.9% compound annual growth rate (CAGR), from $1.65B to $1.19B.
What does ceded premiums earned mean?
The portion of ceded premiums that is recognized as an expense over the period of the reinsurance contract. It represents the cost of reinsurance protection actually consumed during the reporting period.

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