PGR · 8-K · 20260918PR000322

Operating Expense Trends

PROGRESSIVE CORP/OH/ · 2026-09-18 · Importance 54 · Surprise 40 · From source text

Year-to-date other underwriting expenses increased 10% to $8,187 million from $7,418 million. Year-to-date policy acquisition costs increased 4% to $4,184 million from $4,013 million, while service expenses increased 10% to $388 million from $353 million. Interest expense increased 16% to $216 million from $186 million. The August companywide expense ratio was 20.5, including 20.2 for Personal Lines and 21.8 for Commercial Lines.

Key facts

• Total expenses year-to-date through August 31, 2026: $51,344 million (vs. $47,355 million in 2025). source
• Total expenses for August 2026: $6,751 million. source
• Policy acquisition costs for August 2026: $541 million. source
• Service expenses for August 2026: $52 million; investment expenses: $3 million; interest expense: $29 million. source
• Expense ratio companywide for August 2026: 20.5% (component expense ratios: Agency auto 18.6%, Direct auto 20.9%, Property 28.5%). source

Impact estimates