Discontinued — last reported Q4 '23
Property Segment — Other operating expenses
Progressive Property Segment — Other operating expenses remained flat by 0.0% to $70.35M in Q4 2023 compared to the prior quarter. Year-over-year, this metric grew by 19.6%, from $58.83M to $70.35M. Over 2 years (FY 2021 to FY 2023), Property Segment — Other operating expenses shows an upward trend with a 5.5% CAGR. This is a positive signal — lower values indicate better performance for this metric.
Analysis
How to read this metric
Decreasing expenses relative to revenue indicate improved operational leverage and efficiency, whereas increasing expenses may signal rising overhead costs.
Detailed definition
This includes all administrative, overhead, and general operating costs allocated to the property segment that are not d...
Peer comparison
Comparable to Other Underwriting Expenses or General and Administrative (G&A) expenses in insurance peers.
pgr_segment_property_segment_other_operating_expensesHistorical Data
| FY'21 | FY'22 | FY'23 | |
|---|---|---|---|
| Value | $253.00M | $235.30M | $281.40M |
| YoY Change | — | -7.0% | +19.6% |
Similar Metrics at Other Companies
Frequently Asked Questions
- What is Progressive's property segment — other operating expenses?
- Progressive (PGR) reported property segment — other operating expenses of $70.35M in Q4 2023.
- How has Progressive's property segment — other operating expenses changed year-over-year?
- Progressive's property segment — other operating expenses increased by 19.6% year-over-year, from $58.83M to $70.35M.
- What is the long-term trend for Progressive's property segment — other operating expenses?
- Over 2 years (2021 to 2023), Progressive's property segment — other operating expenses has grown at a 5.5% compound annual growth rate (CAGR), from $253.00M to $281.40M.
- What does property segment — other operating expenses mean?
- General operating and administrative costs associated with running the property insurance segment.