The Progressive (PGR) Revenue — Quarter Ended Dec 31, 2023
Revenue rose this quarter, extending the upward trend. Both sequential and year-over-year comparisons showed improvement.
Key takeaway
Quarter ended Dec 31, 2023 · FY2023 Q4
Revenue rose this quarter, extending the upward trend. Both sequential and year-over-year comparisons showed improvement.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$16.9B
Revenue reported for this quarter.
Quarter-over-quarter
+8.6%
Change from the immediately preceding quarter.
Year-over-year
+25.4%
Change from the comparable year-ago quarter.
Trailing four quarters
$62.1B
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Mar 31, 2023 | $14.3B | +20.8% |
| Jun 30, 2023 | $15.4B | +33.3% |
| Sep 30, 2023 | $15.6B | +21.8% |
| Dec 31, 2023 | $16.9B | +25.4% |
Revenue performance
The increase reflects higher premium volume across auto and property lines, consistent with the company's strategic focus on broadening customer needs.
Quarterly comparison
Compared to the immediately preceding quarter, revenue advanced. Versus the same quarter one year earlier, revenue also advanced.
What to watch
Revenue growth has been consistent over the past four quarters.