Underwriting Operations was Progressive’s largest segment in fiscal 2010, bringing in $14.31B of $15.22B (94%).
| Statement Business Segments | FY 2008 | FY 2009 | FY 2010 |
|---|---|---|---|
| Underwriting Operations | $13.63B | $14.01B | $14.31B |
| Fees & Other Revenues | — | — | $252.20M |
| Investments | -$807.40M | $534.10M | $616.20M |
| Service Businesses | — | $16.70M | $25.90M |
| Non Insurance Service Business | $16.10M | — | — |
| Gains (Losses) On Extinguishment Of Debt | — | — | $6.40M |
| Total | $12.84B | $14.56B | $15.22B |
Progressive brought in $15.22B from its five segments in fiscal 2010, the year ended December 31, 2010. Progressive regrouped these segments after fiscal 2009, so the total does not compare directly with that year's $14.56B. Underwriting Operations was the largest at $14.31B (94.1%), ahead of Investments at $616.20M (4.0%) and Fees & Other Revenues at $252.20M (1.7%). The other two segments brought in $32.30M combined.
Compared with fiscal 2009, Investments grew 15.4% to $616.20M and Underwriting Operations grew 2.2% to $14.31B.
Progressive began breaking out Fees & Other Revenues in fiscal 2010, Service Businesses in fiscal 2009 and Gains (Losses) On Extinguishment Of Debt in fiscal 2010. Progressive stopped reporting Non Insurance Service Business as a separate segment after fiscal 2008, when it brought in $16.10M.
Progressive (PGR) reports its revenue by statement business segments. In fiscal 2010, Underwriting Operations was its largest segment, bringing in $14.31B (94.1% of the total), followed by Investments at $616.20M (4.0%).
Underwriting Operations was Progressive's largest segment in fiscal 2010, bringing in $14.31B, or 94.1% of the $15.22B total across its five segments.
Every figure comes from Progressive's annual financial filings, as reported. Each line keeps the name Progressive gives it, and years follow its fiscal calendar.
Progressive's revenue by statement business segments goes back to fiscal 2008, with figures through fiscal 2010. The latest four fiscal years are free to view, and the full history is available with a Business Quant subscription.