Detail akcie Progressive online

Business Summary: The Progressive Corporation is an insurance holding company, which has insurance and non-insurance subsidiaries and affiliates. The Company’s segments include Personal Lines, Commercial Lines, Property and Other indemnity. The Personal Lines segment writes insurance for personal autos and recreational vehicles. The segment consists of personal auto and special lines products. Commercial Lines segment writes auto-related liability and physical damage insurance, business-related general liability and property insurance predominately for small businesses, and workers’ compensation insurance primarily for the transportation industry. Property segment writes residential property and renters’ insurance in virtually all states, primarily in the independent agency channel and through select agents under its Platinum program. The regulated programs include several mandatory state pools, such as the Michigan Catastrophic Claims Association, Florida Hurricane Catastrophe Fund and others.
Financial Summary: BRIEF: For the fiscal year ended 31 December 2023, Progressive Corp revenues increased 25% to $62.08B. Net income applicable to common stockholders increased from $694.6M to $3.86B. Revenues reflect Personal Lines segment increase of 22% to $46.21B. Net income benefited from Expense Ratio -% - Personal Line decrease of 10% to 16%, Loss Ratio -% - Commercial Auto increase of 10% to 79%, Goodwill impairment decrease from $224.8M (expense) to $0K.