Discontinued — last reported Q4 '23
Property Segment — Amortization of deferred policy acquisition costs
Progressive Property Segment — Amortization of deferred policy acquisition costs remained flat by 0.0% to $122.75M in Q4 2023 compared to the prior quarter. Year-over-year, this metric grew by 19.4%, from $102.78M to $122.75M. Over 2 years (FY 2021 to FY 2023), Property Segment — Amortization of deferred policy acquisition costs shows an upward trend with a 16.3% CAGR. This is a positive signal — lower values indicate better performance for this metric.
Analysis
How to read this metric
A rising trend may indicate higher acquisition costs or a shift in the mix of business, while a stable trend suggests consistent customer acquisition efficiency.
Detailed definition
This represents the systematic expensing of costs directly associated with acquiring new or renewed insurance policies,...
Peer comparison
Standardized as Amortization of Deferred Acquisition Costs (DAC) in insurance accounting.
pgr_segment_property_segment_amortization_of_deferred_policy_acquisition_costsHistorical Data
| FY'21 | FY'22 | FY'23 | |
|---|---|---|---|
| Value | $362.90M | $411.10M | $491.00M |
| YoY Change | — | +13.3% | +19.4% |
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Frequently Asked Questions
- What is Progressive's property segment — amortization of deferred policy acquisition costs?
- Progressive (PGR) reported property segment — amortization of deferred policy acquisition costs of $122.75M in Q4 2023.
- How has Progressive's property segment — amortization of deferred policy acquisition costs changed year-over-year?
- Progressive's property segment — amortization of deferred policy acquisition costs increased by 19.4% year-over-year, from $102.78M to $122.75M.
- What is the long-term trend for Progressive's property segment — amortization of deferred policy acquisition costs?
- Over 2 years (2021 to 2023), Progressive's property segment — amortization of deferred policy acquisition costs has grown at a 16.3% compound annual growth rate (CAGR), from $362.90M to $491.00M.
- What does property segment — amortization of deferred policy acquisition costs mean?
- The portion of policy acquisition costs recognized as an expense during the current period.