PGR · 8-K · 20260819PR000315
Operating Expense Trends
PROGRESSIVE CORP/OH/ · 2026-08-19 · Importance 54 · Surprise 40
Year-to-date other underwriting expenses increased 11% to $7,126 million from $6,430 million, exceeding the materiality threshold and outpacing the 7% increase in net premiums earned. Year-to-date policy acquisition costs increased 4% to $3,643 million from $3,489 million. The year-to-date companywide expense ratio was 20.2%, including 20.0% for Personal Lines and 21.9% for Commercial Lines. July other underwriting expenses were $1,069 million and the companywide expense ratio was 20.5%.
Key facts
- Other underwriting expenses for July 2026: $1,069 million source
- Policy acquisition costs for July 2026: $538 million source
- GAAP Expense ratios for July 2026 by channel: Agency 18.1, Direct 21.1, Property 28.6, Total Personal Lines 20.2, Commercial Business 22.0, Company 20.5 source
- For the month ended July 31, 2026, Company reported that it "has no additional commentary regarding July s results." source