![PROGRESSIVE CORP/OH/ [PGR] reports annual net loss of $3.9 billion](/_next/image?url=https%3A%2F%2F10kinfo-appdata.s3.us-west-2.amazonaws.com%2Fedgar0105%2FCompanyLogos%2FUS%2FPGR.png&w=3840&q=75)
PROGRESSIVE CORP/OH/ [PGR] reports annual net loss of $3.9 billion
Company Reports Revenue of $62.1 billion
By USInMinutes
Published - Mar 07, 2024, 04:24 AM ET
Last Updated - Mar 07, 2024, 04:24 AM EST
PROGRESSIVE CORP/OH/ [PGR] has reported a net loss of $3.9 billion for year ended Dec 31, 2023.
The Company said in a filing before the Securities and Exchange Commission that its total revenue for the year was $62.1 billion
Based in MAYFIELD VILLAGE, Ohio, PROGRESSIVE CORP/OH/ operates in the FINANCE sector.
In the Consolidated Statements of Comprehensive Income for the fiscal year ended December 31, 2023, compared to the previous year's results:
- Revenues reached $62,108.5 million, marking an increase from $49,610.7 million in 2022.
- Expenses totaled $57,204.8 million, higher than the $48,688.6 million recorded in the prior year.
