PGR · 10-Q · 2026Q3 · Full report

Florida Property Market Reshaping

PROGRESSIVE CORP/OH/ · 2026-11-02 · Importance 61 · Surprise 66

Progressive paid $1.2 billion in Florida policyholder credits in the first quarter of 2026, reducing operating cash flows versus the prior-year period. The credits followed $950 million of policyholder credit expense recorded in the third quarter of 2025. The filing identifies these credits as affecting underwriting expenses and cash flows.