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Progressive PGR Commercial Lines Segment — Other operating expenses

Other segment segments

Personal Lines Segment
$11.25B+34.9%
Other Indemnity
$22M+83.3%

Similar metrics at other companies

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CASHCommercial — Other expenses
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WALCommercial Segment — Other non-interest expense
$138.7M+11.2%

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:SupplementaryInsuranceInformationOtherOperatingExpense.

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 commercial lines segment — other operating expenses?
Progressive (PGR) reported commercial lines segment — other operating expenses of $319.75M in Q4 2025.
How has Progressive's commercial lines segment — other operating expenses changed year-over-year?
Progressive's commercial lines segment — other operating expenses increased by 15.3% year-over-year, from $277.25M to $319.75M.
What is the long-term trend for Progressive's commercial lines segment — other operating expenses?
Over 4 years (2021 to 2025), Progressive's commercial lines segment — other operating expenses has grown at a 14.6% compound annual growth rate (CAGR), from $742.3M to $1.28B.
What does commercial lines segment — other operating expenses mean?
This includes the administrative and overhead costs required to operate the commercial lines segment, excluding direct claim costs and acquisition expenses. It encompasses general corporate allocations, technology investments, and personnel costs necessary to support the commercial insurance infrastructure.