Underwriting Operations — Revenue
Progressive Underwriting Operations — Revenue increased by 1.1% to $21.39B in Q4 2025 compared to the prior quarter. Year-over-year, this metric grew by 5.9%, from $20.21B to $21.39B. Over 4 years (FY 2021 to FY 2025), Underwriting Operations — Revenue shows an upward trend with a 16.9% CAGR. This is a positive signal — higher values indicate stronger performance for this metric.
Analysis
How to read this metric
Rising revenues generally indicate business growth and market expansion, while declining revenues may signal competitive pressure or a contraction in the insured base.
Detailed definition
The total revenue generated by the underwriting segment, comprising net premiums earned and all other service-related fe...
Peer comparison
Comparable to total segment revenue reported by diversified insurance groups.
pgr_segment_underwriting_operations_revenuesHistorical Data
| Q2 '21 | Q3 '21 | Q4 '21 | 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 | $10.98B | $11.36B | $11.60B | $11.80B | $12.15B | $12.40B | $12.89B | $13.53B | $14.46B | $14.89B | $15.77B | $16.15B | $17.21B | $18.30B | $20.21B | $19.70B | $20.61B | $21.16B | $21.39B |
| QoQ Change | — | +3.5% | +2.1% | +1.7% | +2.9% | +2.1% | +4.0% | +5.0% | +6.9% | +3.0% | +5.9% | +2.4% | +6.6% | +6.3% | +10.4% | -2.5% | +4.7% | +2.6% | +1.1% |
| YoY Change | — | — | — | — | +10.6% | +9.1% | +11.1% | +14.7% | +19.1% | +20.1% | +22.3% | +19.3% | +19.0% | +22.8% | +28.1% | +22.0% | +19.8% | +15.6% | +5.9% |
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Frequently Asked Questions
- What is Progressive's underwriting operations — revenue?
- Progressive (PGR) reported underwriting operations — revenue of $21.39B in Q4 2025.
- How has Progressive's underwriting operations — revenue changed year-over-year?
- Progressive's underwriting operations — revenue increased by 5.9% year-over-year, from $20.21B to $21.39B.
- What is the long-term trend for Progressive's underwriting operations — revenue?
- Over 4 years (2021 to 2025), Progressive's underwriting operations — revenue has grown at a 16.9% compound annual growth rate (CAGR), from $44.37B to $82.86B.
- What does underwriting operations — revenue mean?
- The total income earned by the insurance underwriting segment from all sources.