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Progressive PGR Underwriting operations — Catastrophe losses
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Where this comes from
Reported directly by Progressive in its filing.
Tagged under the XBRL concept pgr:PolicyholderBenefitsAndClaimsIncurredCatastropheLoss.
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, 2026 | Personal Lines | Commercial Lines | Other1 | Companywide |
|---|---|---|---|---|
| Total underwriting revenue | 18,660 | 2,603 | 2 | 21,265 |
| Losses and loss adjustment expenses: | ||||
| Losses (excluding catastrophe losses) | 10,219 | 1,457 | 1 | 11,677 |
| Catastrophe losses | 263 | 5 | 0 | 268 |
| Loss adjustment expenses | 1,593 | 289 | 0 | 1,882 |
| Total losses and loss adjustment expenses | 12,075 | 1,751 | 1 | 13,827 |
| Underwriting expenses: | ||||
| Distribution expenses2 | 2,664 | 300 | 2 | 2,966 |
Item 1. Financial Statements.
FAQ
- What is Progressive's underwriting operations — catastrophe losses?
- Progressive (PGR) reported underwriting operations — catastrophe losses of $268M in Q1 2026.
- How has Progressive's underwriting operations — catastrophe losses changed year-over-year?
- Progressive's underwriting operations — catastrophe losses decreased by 41.6% year-over-year, from $459M to $268M.
- What is the long-term trend for Progressive's underwriting operations — catastrophe losses?
- Over 3 years (2022 to 2025), Progressive's underwriting operations — catastrophe losses has grown at a -3.8% compound annual growth rate (CAGR), from $1.66B to $1.48B.
- What does underwriting operations — catastrophe losses mean?
- These are losses resulting from large-scale, unpredictable events such as hurricanes, wildfires, or other natural disasters. These losses are typically volatile and outside the scope of standard attritional claims.
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