Skip to content
Screener

Progressive PGR Losses (excluding catastrophe losses)

Losses (excluding catastrophe losses) at other companies

CNA Financial logo
CNA FinancialCNA
$0—
CNA Financial logo
CNA FinancialCNA
$84M-2.3%
CNA Financial logo
CNA FinancialCNA
$4M-63.6%
SiriusPoint logo
SiriusPointSPNT
$0+100%
The Travelers Companies logo
The Travelers CompaniesTRV
$238M-35.3%
Selective Insurance Group logo
Selective Insurance GroupSIGI
$0—

Other financials

Income statement

See full
Revenue$22.2B+8.7%
Net income$3.3B+4.3%
EPS (diluted)$4.80+9.8%

Balance sheet

See full
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

See full
Operating cash flow$4.4B-15.1%
CapEx$63.0M+6.8%
Free cash flow$4.3B-15.3%

Valuation

See full
Market cap$125.19B-13.7%
P/E10.7×-3.2×

Profitability

See full
Net margin12.9%+1.8pp
FCF margin18.4%-1.7pp

Returns & leverage

See full
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 pgr:PolicyholderBenefitsAndClaimsIncurredAdjustedToExcludeCatastropheLosses.

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) / Three Months Ended March 31, 2026Personal LinesCommercial LinesOther1Companywide
Fees and other revenues276201297
Total underwriting revenue18,6602,603221,265
Losses and loss adjustment expenses:
Losses (excluding catastrophe losses)10,2191,457111,677
Catastrophe losses26350268
Loss adjustment expenses1,59328901,882
Total losses and loss adjustment expenses12,0751,751113,827
Underwriting expenses:

Item 1. Financial Statements.

FAQ

What is Progressive's losses (excluding catastrophe losses)?
Progressive (PGR) reported losses (excluding catastrophe losses) of $11.68B in Q1 2026.
How has Progressive's losses (excluding catastrophe losses) changed year-over-year?
Progressive's losses (excluding catastrophe losses) increased by 9.5% year-over-year, from $10.67B to $11.68B.
What is the long-term trend for Progressive's losses (excluding catastrophe losses)?
Over 3 years (2022 to 2025), Progressive's losses (excluding catastrophe losses) has grown at a 12.5% compound annual growth rate (CAGR), from $31.83B to $45.3B.
What does losses (excluding catastrophe losses) mean?
The total costs associated with insurance claims, excluding those classified as catastrophe-related. This metric isolates the performance of the core underwriting business from the volatility of major weather or disaster events.

Ask your AI about Progressive's losses (excluding catastrophe losses).

Connect your AI assistant and compare it to peers, right in your chat.

Connect your AI
Harbor at dusk
Claude