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Progressive PGR Underwriting operations — Loss adjustment expenses
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Where this comes from
Reported directly by Progressive in its filing.
Tagged under the XBRL concept pgr:PolicyholderBenefitsAndClaimsIncurredLossAdjustmentExpense.
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 |
|---|---|---|---|---|
| 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 |
| Other underwriting expenses3 | 1,346 | 268 | 6 | 1,620 |
Item 1. Financial Statements.
FAQ
- What is Progressive's underwriting operations — loss adjustment expenses?
- Progressive (PGR) reported underwriting operations — loss adjustment expenses of $1.88B in Q1 2026.
- How has Progressive's underwriting operations — loss adjustment expenses changed year-over-year?
- Progressive's underwriting operations — loss adjustment expenses increased by 12.2% year-over-year, from $1.68B to $1.88B.
- What is the long-term trend for Progressive's underwriting operations — loss adjustment expenses?
- Over 3 years (2022 to 2025), Progressive's underwriting operations — loss adjustment expenses has grown at a 15.7% compound annual growth rate (CAGR), from $4.63B to $7.18B.
- What does underwriting operations — loss adjustment expenses mean?
- These are the costs associated with investigating, settling, and defending insurance claims. This includes both internal costs, such as staff salaries, and external costs, such as legal fees and independent adjusters.
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