PGR FY 2022 Earnings — The Progressive Corporation Revenue & Financial Results | Market Cap Arena

PGRThe Progressive Corporation

$122B

FY 2022 Earnings

Financial Services Insurance - Property & Casualty

Income Statement

Revenue

$49.6B+4.0% YoY

Gross Profit

$7.5B15.2% margin

Operating Income

$922M1.9% margin

Net Income

$722M1.5% margin

EPS (Diluted)

$1.18

Cash Flow

Operating Cash Flow

$6.8B

Free Cash Flow

$6.6B

Stock-Based Comp.

$123M

Balance Sheet

Total Assets

$75.5B

Total Liabilities

$59.6B

Stockholders' Equity

$15.9B

Cash & Equivalents

$204M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$49.6B	$47.7B	+4.0%
Gross Profit	$7.5B	$10.3B	-27.0%
Operating Income	$922M	$4.2B	-78.1%
Net Income	$722M	$3.4B	-78.5%