Progressive (PGR) Operating Expenses (2009 - 2026)
Progressive (PGR) posted quarterly Operating Expenses of $19.4 billion for Q2 2026, up 7.65% year-over-year from $18.0 billion in Q2 2025, and up 4.18% on a QoQ basis from $18.6 billion in Q1 2026.
Progressive (PGR) Operating Expenses (2009 - 2026) Analysis & Trends
Progressive has reported Operating Expenses for 18 years, with the latest figure at $19.4 billion in Q2 2026.
- Operating Expenses for Q2 2026 came in at $19.4 billion, up 7.65% year-over-year; the trailing twelve-month figure through Jun 2026 was $76.3 billion (up 10.1% YoY), and the FY2025 annual result was $73.4 billion, up 13.59% from the prior year.
- Operating Expenses grew to $19.4 billion in Q2 2026, from $18.6 billion in the prior quarter.
- Over five years, Operating Expenses peaked at $19.4 billion in Q2 2026 and troughed at $11.5 billion in Q1 2022.
- A 5-year average of $15.7 billion and a median of $15.6 billion in 2023 frame the typical range for Operating Expenses.
- The widest annual swing landed in 2023, when Operating Expenses advanced 22.73%; it then grew 4.03% in 2024.
- A 5-year view of Operating Expenses shows it stood at $12.4 billion in 2022, then climbed by 15.61% to $14.4 billion in 2023, then rose by 20.3% to $17.3 billion in 2024, then gained by 10.14% to $19.1 billion in 2025, then rose by 1.76% to $19.4 billion in 2026.
- Per Business Quant data, the three most recent Operating Expenses figures were $19.4 billion in Q2 2026, $18.6 billion in Q1 2026, and $19.1 billion in Q4 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Chubb | 134.48 Bn | 120.72 Bn | 9.13 Bn | 12.19 Bn |
| 2 | Progressive | 123.71 Bn | 118.71 Bn | 9.04 Bn | 19.40 Bn |
| 3 | Travelers Companies | 79.14 Bn | 55.39 Bn | 4.83 Bn | 9.39 Bn |
| 4 | Allstate | 67.04 Bn | 28.31 Bn | 16.28 Bn | 14.45 Bn |
| 5 | Fairfax Financial Holdings | 35.29 Bn | 35.29 Bn | - | -134.80 Mn |
| 6 | Cincinnati Financial | 26.69 Bn | 24.80 Bn | 2.39 Bn | 2.70 Bn |
| 7 | Loews | 23.25 Bn | 947.16 Mn | 2.57 Bn | 4.12 Bn |
| 8 | Markel | 23.10 Bn | 6.22 Bn | 2.83 Bn | 3.63 Bn |
| 9 | Assurant | 13.92 Bn | 11.89 Bn | 2.71 Bn | 3.08 Bn |
| 10 | Cna Financial | 13.81 Bn | 6.02 Bn | 3.44 Bn | 3.42 Bn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 19.40 Bn |
| Mar 31, 2026 | 18.62 Bn |
| Dec 31, 2025 | -54.35 Bn |
| Sep 30, 2025 | 10.00 Mn |
| Jun 30, 2025 | 9.00 Mn |
| Mar 31, 2025 | 17.17 Bn |
| Dec 31, 2024 | 9.00 Mn |
| Sep 30, 2024 | 7.00 Mn |
| Jun 30, 2024 | 16.27 Bn |
| Mar 31, 2024 | 6.00 Mn |
| Dec 31, 2023 | 14.39 Bn |
| Sep 30, 2023 | 7.20 Mn |
| Jun 30, 2023 | 14.92 Bn |
| Mar 31, 2023 | 5.50 Mn |
| Dec 31, 2022 | 6.60 Mn |
| Sep 30, 2022 | 5.80 Mn |
| Jun 30, 2022 | 5.90 Mn |
| Mar 31, 2022 | 5.70 Mn |
| Dec 31, 2021 | -32.18 Bn |
| Sep 30, 2021 | 11.72 Bn |