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
DateValue
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