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Progressive PGR Prior years

Prior years at other companies

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$26.41M-27.5%
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$10.59M+1.5%
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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:LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseClaimsPaidPriorYears1.

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)March 31, 2026March 31, 2025
Total incurred13,82712,804
Paid related to:
Current year5,3564,881
Prior years7,3456,804
Total paid12,70111,685
Net balance at March 3140,62935,689
Plus reinsurance recoverables on unpaid losses3,7484,133
Balance at March 31$44,377$39,822

Item 1. Financial Statements.

FAQ

What is Progressive's prior years?
Progressive (PGR) reported prior years of $7.35B in Q1 2026.
How has Progressive's prior years changed year-over-year?
Progressive's prior years increased by 8.0% year-over-year, from $6.8B to $7.35B.
What is the long-term trend for Progressive's prior years?
Over 4 years (2021 to 2025), Progressive's prior years has grown at a 17.9% compound annual growth rate (CAGR), from $8.83B to $17.09B.
What does prior years mean?
The portion of total unpaid claims liability attributed to events occurring in prior fiscal years. This tracks the long-tail nature of insurance liabilities.

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