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

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

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HCI GroupHCI
$61.29M+3.1%
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American Coastal Insurance CorporationACIC
$18.83M-11.0%
Universal Insurance Holdings logo
Universal Insurance HoldingsUVE
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The Hanover Insurance GroupTHG

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$123.69B-14.8%
P/E10.6×-3.3×

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:PaymentsForLossesAndLossAdjustmentExpense.

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 liability for unpaid claims and claims adjustment expense, claims paid?
Progressive (PGR) reported liability for unpaid claims and claims adjustment expense, claims paid of $12.7B in Q1 2026.
How has Progressive's liability for unpaid claims and claims adjustment expense, claims paid changed year-over-year?
Progressive's liability for unpaid claims and claims adjustment expense, claims paid increased by 8.7% year-over-year, from $11.69B to $12.7B.
What is the long-term trend for Progressive's liability for unpaid claims and claims adjustment expense, claims paid?
Over 4 years (2021 to 2025), Progressive's liability for unpaid claims and claims adjustment expense, claims paid has grown at a 13.6% compound annual growth rate (CAGR), from $29.39B to $49.03B.
What does liability for unpaid claims and claims adjustment expense, claims paid mean?
The actual cash disbursed to settle insurance claims and associated adjustment expenses during the period. This represents the cash realization of underwriting liabilities.

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