Prior years
Progressive Prior years decreased by 38.3% to -$451.00M in Q1 2026 compared to the prior quarter. Year-over-year, this metric declined by 62.2%, from -$278.00M to -$451.00M. Over 3 years (FY 2021 to FY 2025), Prior years shows a downward trend with a 566.9% CAGR. This is a positive signal — lower values indicate better performance for this metric.
Analysis
How to read this metric
Negative values indicate favorable reserve development, while positive values indicate adverse development and potential under-reserving in the past.
Detailed definition
The adjustment to insurance claims reserves for losses that occurred in previous reporting periods. This reflects the ac...
Peer comparison
Commonly referred to as 'prior year development' in the insurance industry.
other_supplemental_information_for_property_casualty_ins_65cf6fHistorical Data
| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $72.60M | -$40.20M | -$161.50M | $190.80M | -$138.80M | $621.20M | $489.30M | $36.50M | $0.00 | -$11.00M | -$52.00M | -$136.00M | -$217.00M | -$278.00M | -$329.00M | -$461.00M | -$326.00M | -$451.00M |
| QoQ Change | — | -155.4% | -301.7% | +218.1% | -172.7% | +547.6% | -21.2% | -92.5% | -100.0% | — | -372.7% | -161.5% | -59.6% | -28.1% | -18.3% | -40.1% | +29.3% | -38.3% |
| YoY Change | — | — | — | — | +14.1% | +225.6% | — | — | +100.0% | -101.8% | -110.6% | -472.6% | — | <-999% | -532.7% | -239.0% | -50.2% | -62.2% |
Business Segments
| Segment | Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q1 '23 | Q3 '23 | Q4 '23 | Q3 '24 |
|---|---|---|---|---|---|---|---|---|
| Property | $12.00M | $11.00M | $5.00M | -$16.00M | $42.00M | — | — | $45.00M |
| Commercial Lines | — | — | — | — | — | $53.00M | $88.00M | — |
| Total | $72.60M | -$40.20M | -$161.50M | $190.80M | $621.20M | $36.50M | $0.00 | -$136.00M |
Property was previously reported and has since been discontinued or reclassified. Only currently active segments are shown in the chart.
Prior years at Other Companies
Frequently Asked Questions
- What is Progressive's prior years?
- Progressive (PGR) reported prior years of -$451.00M in Q1 2026.
- How has Progressive's prior years changed year-over-year?
- Progressive's prior years decreased by 62.2% year-over-year, from -$278.00M to -$451.00M.
- What is the long-term trend for Progressive's prior years?
- Over 3 years (2021 to 2025), Progressive's prior years has grown at a 566.9% compound annual growth rate (CAGR), from -$4.70M to -$1.39B.
- What does prior years mean?
- Changes in estimated costs for claims from previous years.