PGR FY 2008 Earnings — The Progressive Corporation Revenue & Financial Results | Market Cap Arena

PGRThe Progressive Corporation

$120B

FY 2008 Earnings

Financial Services Insurance - Property & Casualty

Income Statement

Revenue

$12.8B-12.6% YoY

Gross Profit

$1.5B11.4% margin

Operating Income

-$222M-1.7% margin

Net Income

-$70M-0.5% margin

EPS (Diluted)

$-0.10

Cash Flow

Operating Cash Flow

$1.5B

Free Cash Flow

$1.5B

Stock-Based Comp.

$0

Balance Sheet

Total Assets

$18.3B

Total Liabilities

$14.0B

Stockholders' Equity

$4.2B

Cash & Equivalents

$3M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$12.8B	$14.7B	-12.6%
Gross Profit	$1.5B	$3.4B	-56.3%
Operating Income	-$222M	$1.7B	-113.1%
Net Income	-$70M	$1.2B	-105.9%