Progressive's (PGR) Q4 Earnings and Revenues Beat Estimates
Progressive(PGR) Zacks Investment Research·2024-01-25 01:46
The Progressive Corporation’s (PGR) fourth-quarter 2023 earnings per share of $2.96 beat the Zacks Consensus Estimate of $2.38. The bottom line improved 97.3% year over year.Behind the HeadlinesNet premiums written were $15.1 billion in the quarter, up 21% from $12.5 billion a year ago. Premiums beat our estimate of $14 billion.Net premiums earned grew 22% to $15.8 billion and beat our estimate of $14.8 billion.Operating revenues of $16.6 billion beat the Zacks Consensus Estimate by 3% and increased 23.2% y ...