Underwriting Operations — Pretax underwriting profit (loss)
Progressive Underwriting Operations — Pretax underwriting profit (loss) increased by 15.7% to $2.53B in Q4 2025 compared to the prior quarter. Year-over-year, this metric grew by 9.4%, from $2.32B to $2.53B. Over 3 years (FY 2022 to FY 2025), Underwriting Operations — Pretax underwriting profit (loss) shows an upward trend with a 70.6% CAGR. This is a positive signal — higher values indicate stronger performance for this metric.
Analysis
How to read this metric
An increase indicates superior risk selection and pricing discipline, while a decrease suggests deteriorating loss experience or rising operational costs.
Detailed definition
This metric represents the core profitability of the insurance underwriting business, calculated as net premiums earned...
Peer comparison
Comparable to 'Underwriting Gain/Loss' reported by other property and casualty insurance companies.
pgr_segment_underwriting_operations_pretax_underwriting_profit_lossHistorical 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 | $516.00M | $516.00M | $516.00M | $516.00M | $748.00M | $748.00M | $748.00M | $748.00M | $2.25B | $1.39B | $2.01B | $2.32B | $2.72B | $2.81B | $2.19B | $2.53B |
| QoQ Change | — | +0.0% | +0.0% | +0.0% | +45.0% | +0.0% | +0.0% | +0.0% | +200.8% | -38.4% | +44.7% | +15.6% | +17.3% | +3.3% | -22.0% | +15.7% |
| YoY Change | — | — | — | — | +45.0% | +45.0% | +45.0% | +45.0% | +200.8% | +85.3% | +168.0% | +209.8% | +20.8% | +102.6% | +9.2% | +9.4% |
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Frequently Asked Questions
- What is Progressive's underwriting operations — pretax underwriting profit (loss)?
- Progressive (PGR) reported underwriting operations — pretax underwriting profit (loss) of $2.53B in Q4 2025.
- How has Progressive's underwriting operations — pretax underwriting profit (loss) changed year-over-year?
- Progressive's underwriting operations — pretax underwriting profit (loss) increased by 9.4% year-over-year, from $2.32B to $2.53B.
- What is the long-term trend for Progressive's underwriting operations — pretax underwriting profit (loss)?
- Over 3 years (2022 to 2025), Progressive's underwriting operations — pretax underwriting profit (loss) has grown at a 70.6% compound annual growth rate (CAGR), from $2.06B to $10.25B.
- What does underwriting operations — pretax underwriting profit (loss) mean?
- The profit or loss generated from insurance underwriting activities before accounting for investment income or taxes.