PGR · 10-Q · 2026Q3 · Full report

Pricing and Inflation Monitoring

PROGRESSIVE CORP/OH/ · 2026-11-02 · Importance 19 · Surprise 24

Progressive said its personal auto, personal property, and core commercial auto products were adequately priced in most states through the remainder of 2026. It monitors loss severity and frequency, inflation, vehicle prices, miles driven, weather, building materials, construction costs, and tariffs on a state-by-state basis. The filing gives no quantified estimate of the financial effect of these monitored factors.

Key facts

• Progressive stated it was adequately priced in personal auto, personal property, and core commercial auto in most states through the remainder of 2026, while regularly monitoring loss-cost factors state by state. source
• Progressive intends to continue targeted personal property rate changes in states where it is not achieving optimal profitability goals. source
• Core commercial auto trailing 12-month incurred severity increased 3% at the end of third quarter 2026 year over year. source