Progressive (PGR) Operating Expenses (2009 - 2026)
Progressive (PGR) reported Operating Expenses of $18.6 billion for Q1 2026, up 8.44% year-over-year from $17.2 billion in Q1 2025, and up 134.26% quarter-over-quarter from -$54.4 billion in Q4 2025.
Progressive (PGR) Operating Expenses (2009 - 2026) Analysis & Trends
Progressive (PGR) has 18 years of Operating Expenses data on file, last reported at $18.6 billion in Q1 2026.
- Operating Expenses for Q1 2026 came in at $18.6 billion, up 8.44% year-over-year; the trailing twelve-month figure through Mar 2026 was -$16.5 billion (down 116.85% YoY), and the FY2025 annual result was $34.0 million, down 99.95% from the prior year.
- Operating Expenses advanced to $18.6 billion in Q1 2026 per PGR's latest filing, from -$54.4 billion in the prior quarter.
- Over five years, Operating Expenses peaked at $64.6 billion in Q4 2024 and troughed at -$54.4 billion in Q4 2025.
- A 5-year average of $12.1 billion and a median of $14.2 billion in 2023 frame the typical range for Operating Expenses.
- The sharpest annual moves came in 2023 and 2025: Operating Expenses surged 866357.58% in 2023, then sank 184.08% in 2025.
- A 5-year view of Operating Expenses shows it stood at $6.6 million in 2022, then surged by 866357.58% to $57.2 billion in 2023, then grew by 13.03% to $64.6 billion in 2024, then slumped by 184.08% to -$54.4 billion in 2025, then jumped by 134.26% to $18.6 billion in 2026.
- Business Quant data shows PGR's Operating Expenses at $18.6 billion in Q1 2026, -$54.4 billion in Q4 2025, and $19.2 billion in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Chubb | 127.40 Bn | 119.98 Bn | 8.64 Bn | 11.78 Bn |
| 2 | Progressive | 119.47 Bn | 115.12 Bn | 8.36 Bn | 18.62 Bn |
| 3 | Travelers Companies | 65.26 Bn | 41.34 Bn | 5.54 Bn | 9.81 Bn |
| 4 | Allstate | 57.33 Bn | 32.74 Bn | 14.72 Bn | 13.83 Bn |
| 5 | Berkley W R | 26.90 Bn | 23.16 Bn | 2.72 Bn | 3.07 Bn |
| 6 | Cincinnati Financial | 25.67 Bn | 24.41 Bn | 2.60 Bn | 2.54 Bn |
| 7 | Markel | 22.97 Bn | 7.51 Bn | 2.38 Bn | 3.10 Bn |
| 8 | Loews | 22.18 Bn | 9.92 Bn | -1.32 Bn | 4.09 Bn |
| 9 | Assurant | 12.79 Bn | 10.87 Bn | 2.01 Bn | 3.08 Bn |
| 10 | Cna Financial | 11.84 Bn | 4.05 Bn | 2.33 Bn | 3.41 Bn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 18.62 Bn |
| Dec 31, 2025 | -54.35 Bn |
| Sep 30, 2025 | 19.19 Bn |
| Jun 30, 2025 | 9.00 Mn |
| Mar 31, 2025 | 17.17 Bn |
| Dec 31, 2024 | 64.64 Bn |
| Sep 30, 2024 | 7.00 Mn |
| Jun 30, 2024 | 16.27 Bn |
| Mar 31, 2024 | 14.30 Bn |
| Dec 31, 2023 | 57.19 Bn |
| Sep 30, 2023 | 14.15 Bn |
| Jun 30, 2023 | 14.92 Bn |
| Mar 31, 2023 | 5.50 Mn |
| Dec 31, 2022 | 6.60 Mn |
| Sep 30, 2022 | 12.64 Bn |
| Jun 30, 2022 | 5.90 Mn |
| Mar 31, 2022 | 11.45 Bn |
| Dec 31, 2021 | 7.00 Mn |
| Sep 30, 2021 | 11.72 Bn |
| Jun 30, 2021 | 6.30 Mn |