GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Progressive Corp (FRA:PGV) » Definitions » Net Investment Income

Progressive (FRA:PGV) Net Investment Income : €166 Mil (As of Dec. 2023)


View and export this data going back to 1987. Start your Free Trial

What is Progressive Net Investment Income?

Net investment income is the income earned by insurance companies through investments.Progressive's net investment income for the three months ended in Dec. 2023 was €-1,278 Mil. Its net investment income for the trailing twelve months (TTM) ended in Dec. 2023 was €166 Mil.

Progressive's quarterly net investment income increased from Jun. 2023 (€412 Mil) to Sep. 2023 (€469 Mil) but then declined from Sep. 2023 (€469 Mil) to Dec. 2023 (€-1,278 Mil).

Progressive's annual net investment income declined from Dec. 2021 (€-27 Mil) to Dec. 2022 (€-31 Mil) and declined from Dec. 2022 (€-31 Mil) to Dec. 2023 (€-32 Mil).

Progressive Net Investment Income Historical Data

The historical data trend for Progressive's Net Investment Income can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Progressive Net Investment Income Chart

Progressive Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Net Investment Income
Get a 7-Day Free Trial Premium Member Only Premium Member Only 858.69 -15.29 -26.99 -31.06 -32.28

Progressive Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Net Investment Income Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 384.62 411.84 469.16 -1,278.21 562.95

Progressive Net Investment Income Calculation

Income earned by insurance companies through investments. Insurance companies usually invest the float they received in stocks or bonds to generate additional income before the premium is paid to cover insurance losses.

Net Investment Income for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was €166 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Progressive (FRA:PGV) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Progressive Corp (FRA:PGV) » Definitions » Net Investment Income
Comparable Companies
CB TRV ALL HIG WRB MKL CINF L CNA AFG TSE:8766 HKSE:01339 TSX:IFC HKSE:02328 TSE:8725 TSX:FFH TSE:8630 ASX:QBE ASX:SUN WAR:PZU
Traded in Other Exchanges
PGR:USA PGR:Mexico P1GR34:Brazil
Address
6300 Wilson Mills Road, Mayfield Village, OH, USA, 44143
Website
https://www.progressive.com
Progressive underwrites private and commercial auto insurance and specialty lines; it has about 18 million personal auto policies in force and is one of the largest auto insurers in the United States. Progressive markets its policies through independent insurance agencies in the U.S. and Canada and directly via the internet and telephone. Its premiums are split roughly equally between the agent and the direct channel. The company also offers commercial auto policies and entered homeowners insurance through an acquisition in 2015.

Progressive (FRA:PGV) Headlines

No Headlines