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Progressive PGR Benefits, claims, losses, and settlement expenses

Benefits, claims, losses, and settlement expenses at other companies

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$843.88M+12.0%

Segments

By segment

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Personal Lines Segment$46.66B+12.6%
Other Indemnity$1M-85.7%

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$127.63B-9.8%
P/E10.9×-2.7×

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:SupplementaryInsuranceInformationBenefitsClaimsLossesAndSettlementExpense.

The official record: Progressive’s 10-K, filed March 2, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Progressive's benefits, claims, losses, and settlement expenses?
Progressive (PGR) reported benefits, claims, losses, and settlement expenses of $13.49B in Q4 2025.
How has Progressive's benefits, claims, losses, and settlement expenses changed year-over-year?
Progressive's benefits, claims, losses, and settlement expenses increased by 10.0% year-over-year, from $12.27B to $13.49B.
What is the long-term trend for Progressive's benefits, claims, losses, and settlement expenses?
Over 4 years (2021 to 2025), Progressive's benefits, claims, losses, and settlement expenses has grown at a 12.5% compound annual growth rate (CAGR), from $33.63B to $53.96B.
What does benefits, claims, losses, and settlement expenses mean?
The total costs incurred by an insurer for policyholder claims, including loss adjustment expenses and settlement costs. This is the primary expense category for an insurance business and directly impacts the underwriting margin.