Discontinued — last reported Q4 '23
Property Segment — Net premiums written
Progressive Property Segment — Net premiums written remained flat by 0.0% to $707.65M in Q4 2023 compared to the prior quarter. Year-over-year, this metric grew by 17.9%, from $600.43M to $707.65M. Over 2 years (FY 2021 to FY 2023), Property Segment — Net premiums written shows an upward trend with a 13.0% CAGR. This decline may warrant attention — for this metric, higher values are generally preferred.
Analysis
How to read this metric
Growth in written premiums signals successful sales efforts and market expansion, while a decline suggests potential future revenue contraction.
Detailed definition
This represents the total premiums on policies issued by the property segment during the period, net of reinsurance cede...
Peer comparison
Standardized as Net Premiums Written (NPW) across the property and casualty insurance sector.
pgr_segment_property_segment_net_premiums_writtenHistorical Data
| FY'21 | FY'22 | FY'23 | |
|---|---|---|---|
| Value | $2.22B | $2.40B | $2.83B |
| YoY Change | — | +8.4% | +17.9% |
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Frequently Asked Questions
- What is Progressive's property segment — net premiums written?
- Progressive (PGR) reported property segment — net premiums written of $707.65M in Q4 2023.
- How has Progressive's property segment — net premiums written changed year-over-year?
- Progressive's property segment — net premiums written increased by 17.9% year-over-year, from $600.43M to $707.65M.
- What is the long-term trend for Progressive's property segment — net premiums written?
- Over 2 years (2021 to 2023), Progressive's property segment — net premiums written has grown at a 13.0% compound annual growth rate (CAGR), from $2.22B to $2.83B.
- What does property segment — net premiums written mean?
- The total value of insurance policies written by the property segment, minus premiums paid to reinsurers.