Underwriting Operations — Catastrophe losses
Progressive Underwriting Operations — Catastrophe losses decreased by 57.5% to $93.00M in Q4 2025 compared to the prior quarter. Year-over-year, this metric declined by 44.0%, from $166.00M to $93.00M. Over 3 years (FY 2022 to FY 2025), Underwriting Operations — Catastrophe losses shows a downward trend with a -3.8% CAGR. This is a positive signal — lower values indicate better performance for this metric.
Analysis
How to read this metric
High levels of catastrophe losses signal significant environmental impact on the portfolio, while low levels indicate a period of relative stability in the insured regions.
Detailed definition
These are losses resulting from large-scale, unpredictable events such as hurricanes, wildfires, or other natural disast...
Peer comparison
Standard line item for P&C insurers; highly dependent on geographic exposure and climate conditions.
pgr_segment_underwriting_operations_catastrophe_lossesHistorical Data
| Q1 '22 | Q2 '22 | Q3 '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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $415.00M | $415.00M | $415.00M | $415.00M | $448.50M | $448.50M | $448.50M | $448.50M | $347.00M | $1.27B | $732.00M | $166.00M | $459.00M | $707.00M | $219.00M | $93.00M |
| QoQ Change | — | +0.0% | +0.0% | +0.0% | +8.1% | +0.0% | +0.0% | +0.0% | -22.6% | +265.7% | -42.3% | -77.3% | +176.5% | +54.0% | -69.0% | -57.5% |
| YoY Change | — | — | — | — | +8.1% | +8.1% | +8.1% | +8.1% | -22.6% | +182.9% | +63.2% | -63.0% | +32.3% | -44.3% | -70.1% | -44.0% |
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Frequently Asked Questions
- What is Progressive's underwriting operations — catastrophe losses?
- Progressive (PGR) reported underwriting operations — catastrophe losses of $93.00M in Q4 2025.
- How has Progressive's underwriting operations — catastrophe losses changed year-over-year?
- Progressive's underwriting operations — catastrophe losses decreased by 44.0% year-over-year, from $166.00M to $93.00M.
- 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?
- The cost of claims arising from major, unpredictable natural disasters.