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Progressive PGR Distribution expenses

Distribution expenses at other companies

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International PaperIP
$523M+1.4%
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Ameriprise FinancialAMP
$2.12B+32.6%
Lifetime Brands logo
Lifetime BrandsLCUT
$20.1M+16.1%
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Lifetime BrandsLCUT
$20.1M+16.1%
United Natural Foods logo
United Natural FoodsUNFI
$0
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United Natural FoodsUNFI
$217M-11.8%

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 pgr:DistributionExpenses.

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
(millions) / Three Months Ended March 31, 2026Personal LinesCommercial LinesOther1Companywide
Loss adjustment expenses1,59328901,882
Total losses and loss adjustment expenses12,0751,751113,827
Underwriting expenses:
Distribution expenses22,66430022,966
Other underwriting expenses31,34626861,620
Total underwriting expenses4,01056884,586
Pretax underwriting profit (loss)$2,575$284$(7)2,852
Investment profit (loss)4789

Item 1. Financial Statements.

FAQ

What is Progressive's distribution expenses?
Progressive (PGR) reported distribution expenses of $2.97B in Q1 2026.
How has Progressive's distribution expenses changed year-over-year?
Progressive's distribution expenses increased by 12.6% year-over-year, from $2.63B to $2.97B.
What is the long-term trend for Progressive's distribution expenses?
Over 3 years (2022 to 2025), Progressive's distribution expenses has grown at a 24.3% compound annual growth rate (CAGR), from $5.7B to $10.95B.
What does distribution expenses mean?
Costs incurred to acquire and maintain insurance policies through various distribution channels, including commissions paid to agents and brokers. This metric reflects the efficiency of the company's sales force and channel strategy in generating new business.

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