PGR Q1 2018 Earnings — The Progressive Corporation Revenue & Financial Results | Market Cap Arena

PGRThe Progressive Corporation

$118B

Q1 2018 Earnings

Financial Services Insurance - Property & Casualty

Income Statement

Revenue

$7.4B+17.5% YoY

Gross Profit

$2.0B26.4% margin

Operating Income

$911M12.3% margin

Net Income

$718M9.7% margin

EPS (Diluted)

$1.22

QoQ Revenue Growth

+4.3%

Cash Flow

Operating Cash Flow

$1.7B

Free Cash Flow

$1.7B

Stock-Based Comp.

$17M

Balance Sheet

Total Assets

$41.3B

Total Liabilities

$31.0B

Stockholders' Equity

$10.3B

Cash & Equivalents

$190M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$7.4B	$6.3B	+17.5%
Gross Profit	$2.0B	$1.5B	+26.3%
Operating Income	$911M	$642M	+42.0%
Net Income	$718M	$424M	+69.2%

Revenue Segments

Personal Lines Segment

$6.1B85%

Commercial Lines Segment

$809M11%

Property Segment

$285M4%