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Progressive PGR Other underwriting expenses

Other underwriting expenses at other companies

Selective Insurance Group logo
Selective Insurance GroupSIGI
$136.19M+10.9%
Slide Insurance Holdings, Inc. logo
Slide Insurance Holdings, Inc.SLDE
$42.28M+31.7%

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:OtherUnderwritingExpense.

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
Expenses
Losses and loss adjustment expenses13,82712,804
Policy acquisition costs1,5381,456
Other underwriting expenses3,0482,719
Investment expenses87
Service expenses131117
Interest expense7070
Total expenses18,62217,173

Item 1. Financial Statements.

FAQ

What is Progressive's other underwriting expenses?
Progressive (PGR) reported other underwriting expenses of $3.05B in Q1 2026.
How has Progressive's other underwriting expenses changed year-over-year?
Progressive's other underwriting expenses increased by 12.1% year-over-year, from $2.72B to $3.05B.
What is the long-term trend for Progressive's other underwriting expenses?
Over 4 years (2021 to 2025), Progressive's other underwriting expenses has grown at a 19.0% compound annual growth rate (CAGR), from $5.65B to $11.33B.
What does other underwriting expenses mean?
Operating expenses incurred in the process of underwriting and administering insurance policies, excluding direct claims and acquisition costs. This includes administrative overhead, technology costs, and general corporate support related to the insurance business.

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