PGR FY 2023 Earnings — The Progressive Corporation Revenue & Financial Results | Market Cap Arena

PGRThe Progressive Corporation

$122B

FY 2023 Earnings

Financial Services Insurance - Property & Casualty

Income Statement

Revenue

$62.1B+25.2% YoY

Gross Profit

$11.8B18.9% margin

Operating Income

$4.9B7.9% margin

Net Income

$3.9B6.3% margin

EPS (Diluted)

$6.58

Cash Flow

Operating Cash Flow

$10.6B

Free Cash Flow

$10.4B

Stock-Based Comp.

$121M

Balance Sheet

Total Assets

$88.7B

Total Liabilities

$68.4B

Stockholders' Equity

$20.3B

Cash & Equivalents

$85M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$62.1B	$49.6B	+25.2%
Gross Profit	$11.8B	$7.5B	+55.9%
Operating Income	$4.9B	$922M	+431.9%
Net Income	$3.9B	$722M	+440.6%