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Progressive Corp  (PGR)
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PGR's Operating Income Growth by Quarter and Year

Progressive's Operating Income results by quarter and year




PGR Operating Income (in millions $) FY 2023 FY 2022 FY 2021 FY 2020
IV Quarter December 3,803.00 4,041.40 1,262.50 1,984.60
III Quarter September 2,660.30 1,182.30 199.80 2,329.70
II Quarter June 1,661.10 -567.00 1,061.90 928.00
I Quarter March 1,739.00 450.20 1,929.90 1,392.60
FY   9,863.40 5,106.90 4,454.10 6,634.90



PGR Operating Income fourth quarter 2023 Y/Y Growth Comment
Progressive Corp reported decrease in Operating Income in the fourth quarter 2023 by -5.9% to $ 3,803.00 millions, from the same quarter in 2022.
The decrease in the fourth quarter 2023 Progressive Corp's Operating Income compares unfavorably to the Company's average Operating Income rise of 31.08%.

Looking into fourth quarter 2023 results within Property & Casualty Insurance industry 25 other companies have achieved higher Operating Income growth. While Progressive Corp' s Operating Income decline of -5.9% ranks overall at the positon no. 725 in the fourth quarter 2023.

Explain Operating Income growth


PGR Operating Income ( Y/Y Growth %) 2023
2022 2021 2020
IV Quarter December -5.9 % 220.11 % -36.39 % 86.58 %
III Quarter September 125.01 % 491.74 % -91.42 % 79.59 %
II Quarter June - - 14.43 % -42.75 %
I Quarter March 286.27 % -76.67 % 38.58 % 372.87 %
FY   93.14 % 14.66 % -32.87 % 55.15 %

Financial Statements
Progressive's fourth quarter 2023 Operating Income $ 3,803.00 millions PGR's Income Statement
Progressive's fourth quarter 2022 Operating Income $ 4,041.40 millions Quarterly PGR's Income Statement
New: More PGR's historic Operating Income Growth >>


PGR Operating Income (Quarter on Quarter Growth %)

2023
2022 2021 2020
IV Quarter December 42.95 % 241.83 % 531.88 % -14.81 %
III Quarter September 60.15 % - -81.18 % 151.05 %
II Quarter June -4.48 % - -44.98 % -33.36 %
I Quarter March -56.97 % -64.34 % -2.76 % 30.92 %
FY (Year on Year)   93.14 % 14.66 % -32.87 % 55.15 %




Operating Income fourth quarter 2023 Y/Y Growth Company Ranking
Within: No.
Property & Casualty Insurance Industry #26
Financial Sector #150
Overall #725

Operating Income Y/Y Growth Statistics
High Average Low
491.74 % 31.08 % -89.93 %
(Sep 30 2022)   (Sep 30 2021)
Operating Income fourth quarter 2023 Y/Y Growth Company Ranking
Within: No.
Property & Casualty Insurance Industry #26
Financial Sector #150
Overall #725
Operating Income Y/Y Growth Statistics
High Average Low
491.74 % 31.08 % -89.93 %
(Sep 30 2022)   (Sep 30 2021)

Operating Income by Quarter for the Fiscal Years 2020, 2021, 2022, 2023

Progressive's Q/Q Operating Income Growth


Operating Income Q/Q Growth Statistics
High Average Low
531.88 % 19 % -81.18 %
(Dec 31 2021)  


PGR's IV. Quarter Q/Q Operating Income Comment
Progressive Corp achieved in the IV. Quarter 2023 above company average sequential Operating Income jump of 42.95%, to $ 3,803.00 millions, from $2,660.30 millions in the third quarter.

Within Property & Casualty Insurance industry 14 other companies have achieved higher Operating Income quarter on quarter growth. While Progressive's Operating Income growth quarter on quarter, overall rank is 237.


Operating Income Q/Q Growth Company Ranking
Within: No.
Property & Casualty Insurance Industry #15
Financial Sector #60
Overall #237
Operating Income Q/Q Growth Company Ranking
Within: No.
Property & Casualty Insurance Industry #15
Financial Sector #60
Overall #237
Operating Income Q/Q Growth Statistics
High Average Low
531.88 % 19 % -81.18 %
(Dec 31 2021)  


PGR's IV. Quarter Q/Q Operating Income Comment
Progressive Corp achieved in the IV. Quarter 2023 above company average sequential Operating Income jump of 42.95%, to $ 3,803.00 millions, from $2,660.30 millions in the third quarter.

Within Property & Casualty Insurance industry 14 other companies have achieved higher Operating Income quarter on quarter growth. While Progressive's Operating Income growth quarter on quarter, overall rank is 237.


Progressive's 12 Months Operating Income Growth Year on Year


Operating Income TTM Growth

12 Months Ending
(Dec 31 2023)
12 Months Ending
(Sep 30 2023)
12 Months Ending
(Jun 30 2023)
12 Months Ending
(Mar 31 2023)
12 Months Ending
(Dec 31 2022)
Cumulative Operating Income 12 Months Ending $ 9,863.40 $ 10,101.80 $ 8,623.80 $ 6,395.70 $ 5,106.90
Y / Y Operating Income Growth (TTM) 93.14 % 333.93 % 540.94 % 115.02 % 14.66 %
Year on Year Operating Income Growth Overall Ranking # 119 # 79 # 44 # 244 # 1082
Seqeuential Operating Income Change (TTM) -2.36 % 17.14 % 34.84 % 25.24 % 119.37 %
Seq. Operating Income Growth (TTM) Overall Ranking # 119 # 79 # 44 # 244 # 1082




Cumulative Operating Income growth Comment
With the quarterly Operating Income reported in the Dec 31 2023 period, Progressive's cumulative twelve months Operating Income were $ 9,863 millions, company would post below average annual Operating Income growth of 119.37% year on year, if the fiscal year would end at Dec 31 2023.
A slow-down in the Progressive's Operating Income growth from the 2328% growth in Sep 30 2023.

In the Financial sector 113 other companies have achieved higher trailing twelve month Operating Income growth. While Operating Income growth total ranking has deteriorated compare to previous quarter from 79 to 119.

Operating Income TTM Q/Q Growth Statistics
High Average Low
5073.75 %
103.86 %
-388.5 %
(June 30. 2010)  

Operating Income TTM Y/Y Growth Company Ranking
Within: No.
Property & Casualty Insurance Industry # 17
Financial Sector # 114
Overall # 477

Operating Income TTM Y/Y Growth Statistics
High Average Low
5073.75 %
103.86 %
-388.5 %
(June 30. 2010)  


Operating Income TTM Q/Q Growth Company Ranking
Within: No.
Industry # 3
Sector # 25
S&P 500 # 90
Cumulative Operating Income growth Comment
With the quarterly Operating Income reported in the Dec 31 2023 period, Progressive's cumulative twelve months Operating Income were $ 9,863 millions, company would post below average annual Operating Income growth of -388.5% year on year, if the fiscal year would end at Dec 31 2023.
A slow-down in the Progressive's Operating Income growth from the 2328% growth in Sep 30 2023.

In the Financial sector 113 other companies have achieved higher trailing twelve month Operating Income growth. While Operating Income growth total ranking has deteriorated compare to previous quarter from 79 to 119.

Operating Income TTM Q/Q Growth Statistics
High Average Low
5073.75 %
103.86 %
-388.5 %
(June 30. 2010)  


Operating Income TTM Y/Y Growth Company Ranking
Within: No.
Property & Casualty Insurance Industry # 17
Financial Sector # 114
Overall # 477

Operating Income TTM Y/Y Growth Statistics
High Average Low
5073.75 %
103.86 %
-388.5 %
(June 30. 2010)  


Operating Income TTM Q/Q Growth Company Ranking
Within: No.
Industry # 3
Sector # 25
S&P 500 # 90




Other Operating Income Growth
Property & Casualty Insurance Industry Operating Income Growth Trends and Statistics
Financial Sector Operating Income Growth Statistics
Operating Income Growth Trends for overall market
PGR's Operating Income Growth Ratio versus Property & Casualty Insurance Industry, Financial Sector and total Market
Highest Ranking Operating Income Growth
Lowest Ranking Operating Income Growth
Operating Income Growth for PGR's Competitors
Operating Income Growth for Progressive's Suppliers
Operating Income Growth for PGR's Customers

You may also want to know
PGR's Annual Growth Rates PGR's Profitability Ratios PGR's Asset Turnover Ratio PGR's Dividend Growth
PGR's Roe PGR's Valuation Ratios PGR's Financial Strength Ratios PGR's Dividend Payout Ratio
PGR's Roa PGR's Inventory Turnover Ratio PGR's Growth Rates PGR's Dividend Comparisons



Companies with similar Operating Income jump for the quarter ending Dec 31 2023 within Financial SectorY/Y Change %Operating Income for the quarter ending Dec 31 2023
Orix Corporation-1.07%$ -1.070 millions
Reinsurance Group Of America Incorporated-1.75%$ -1.753 millions
Hamilton Lane Inc-2.09%$ -2.087 millions
Host Hotels and Resorts Inc -2.81%$ -2.809 millions
Cohen and Steers Inc -3.60%$ -3.595 millions
Pathward Financial Inc -3.90%$ -3.903 millions
Crown Castle Inc-3.92%$ -3.922 millions
Cno Financial Group Inc -4.22%$ -4.215 millions
Intercontinental Exchange Inc -4.71%$ -4.707 millions
Progressive Corp-5.90%$ -5.899 millions
Barclays Plc-6.49%$ -6.489 millions
Onemain Holdings Inc -6.75%$ -6.751 millions
Iron Mountain Inc-7.03%$ -7.027 millions
Tfs Financial Corporation-7.08%$ -7.077 millions
S and t Bancorp Inc -8.41%$ -8.410 millions
Kilroy Realty Corporation-8.67%$ -8.667 millions
Safety Insurance Group Inc -8.76%$ -8.758 millions
Avalonbay Communities inc -8.79%$ -8.789 millions
City Holding Company-9.08%$ -9.076 millions
Us Bancorp De-9.17%$ -9.173 millions
Magyar Bancorp Inc -9.19%$ -9.189 millions
Provident Financial Holdings inc -9.76%$ -9.755 millions
Invesco Ltd -9.86%$ -9.855 millions
First Financial Ban corp -10.15%$ -10.154 millions
Nasdaq Inc -10.61%$ -10.606 millions
Sba Communications Corporation-10.64%$ -10.644 millions
1st Source Corporation-10.95%$ -10.954 millions
Rithm Capital Corp -11.11%$ -11.110 millions
Hennessy Advisors Inc-11.21%$ -11.215 millions
Federal Home Loan Mortgage Corporation-11.73%$ -11.728 millions




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