Workflow
Progressive's (PGR) Q4 Earnings and Revenues Beat Estimates
PGRProgressive(PGR) Zacks Investment Research·2024-01-25 01:46

The Progressive Corporation’s (PGR) fourth-quarter 2023 earnings per share of 2.96beattheZacksConsensusEstimateof2.96 beat the Zacks Consensus Estimate of 2.38. The bottom line improved 97.3% year over year.Behind the HeadlinesNet premiums written were 15.1billioninthequarter,up2115.1 billion in the quarter, up 21% from 12.5 billion a year ago. Premiums beat our estimate of 14billion.Netpremiumsearnedgrew2214 billion.Net premiums earned grew 22% to 15.8 billion and beat our estimate of 14.8billion.Operatingrevenuesof14.8 billion.Operating revenues of 16.6 billion beat the Zacks Consensus Estimate by 3% and increased 23.2% y ...