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Progressive PGR Liability for Unpaid Claims and Claims Adjustment Expense, Incurred Claims

Liability for Unpaid Claims and Claims Adjustment Expense, Incurred Claims at other companies

American Coastal Insurance Corporation logo
American Coastal Insurance CorporationACIC
$10.24M-10.1%
Lemonade logo
LemonadeLMND
$133.3M+56.1%
Root, Inc. logo
Root, Inc.ROOT
$226.2M+10.0%
Universal Insurance Holdings logo
Universal Insurance HoldingsUVE
The Hanover Insurance Group logo
The Hanover Insurance GroupTHG
HCI Group logo
HCI GroupHCI

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$124.32B-12.0%
P/E10.6×-2.9×

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:LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseIncurredClaims1.

The official record: Progressive’s 10-Q, filed May 4, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Progressive's liability for unpaid claims and claims adjustment expense, incurred claims?
Progressive (PGR) reported liability for unpaid claims and claims adjustment expense, incurred claims of $13.83B in Q1 2026.
How has Progressive's liability for unpaid claims and claims adjustment expense, incurred claims changed year-over-year?
Progressive's liability for unpaid claims and claims adjustment expense, incurred claims increased by 8.0% year-over-year, from $12.8B to $13.83B.
What is the long-term trend for Progressive's liability for unpaid claims and claims adjustment expense, incurred claims?
Over 4 years (2021 to 2025), Progressive's liability for unpaid claims and claims adjustment expense, incurred claims has grown at a 12.5% compound annual growth rate (CAGR), from $33.63B to $53.96B.
What does liability for unpaid claims and claims adjustment expense, incurred claims mean?
The total estimated liability for claims that have been reported but not yet settled, plus estimates for claims incurred but not reported (IBNR). This is a critical measure of an insurer's future obligations.