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Progressive PGR Unearned premiums

Unearned premiums at other companies

HCI Group logo
HCI GroupHCI
$61.52M+14.1%
American Coastal Insurance Corporation logo
American Coastal Insurance CorporationACIC
$8.26M-78.9%
The Travelers Companies logo
The Travelers CompaniesTRV

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-13.4%
P/E10.7×-3.1×

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:IncreaseDecreaseInUnearnedPremiums.

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
Prepaid reinsurance premiums(1)43
Deferred acquisition costs(87)(107)
Income taxes830667
Unearned premiums2,6742,754
Loss and loss adjustment expense reserves1,067765
Accounts payable, accrued expenses, and other liabilities(788)334
Other, net(141)(34)
Net cash provided by operating activities4,3675,143

Item 1. Financial Statements.

FAQ

What is Progressive's unearned premiums?
Progressive (PGR) reported unearned premiums of $2.67B in Q1 2026.
How has Progressive's unearned premiums changed year-over-year?
Progressive's unearned premiums decreased by 2.9% year-over-year, from $2.75B to $2.67B.
What does unearned premiums mean?
The net change in the portion of written premiums that has not yet been earned by the insurer. This represents the liability for coverage that the company is obligated to provide in future periods.

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