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Progressive PGR Premium Receivable, Allowance for Credit Loss, Writeoff

Premium Receivable, Allowance for Credit Loss, Writeoff at other companies

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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:PremiumsReceivableAllowanceForDoubtfulAccountsWriteOffsAgainstAllowance.

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, 20262025
Allowance for credit losses, beginning of period$552$460
Increase in allowance1183153
Write-offs2(207)(140)
Allowance for credit losses, end of period$528$473

Item 1. Financial Statements.

FAQ

What is Progressive's premium receivable, allowance for credit loss, writeoff?
Progressive (PGR) reported premium receivable, allowance for credit loss, writeoff of $207M in Q1 2026.
How has Progressive's premium receivable, allowance for credit loss, writeoff changed year-over-year?
Progressive's premium receivable, allowance for credit loss, writeoff increased by 47.9% year-over-year, from $140M to $207M.
What is the long-term trend for Progressive's premium receivable, allowance for credit loss, writeoff?
Over 4 years (2021 to 2025), Progressive's premium receivable, allowance for credit loss, writeoff has grown at a 11.3% compound annual growth rate (CAGR), from $436.5M to $669M.
What does premium receivable, allowance for credit loss, writeoff mean?
Represents the actual write-offs of premiums receivable against the established allowance for credit losses. This reflects the realization of credit risk when specific premiums are deemed uncollectible and removed from the balance sheet. It provides insight into the historical accuracy of the company's credit loss estimates.

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