PGR Q1 2020 Earnings — The Progressive Corporation Revenue & Financial Results | Market Cap Arena

PGRThe Progressive Corporation

$118B

Q1 2020 Earnings

Financial Services Insurance - Property & Casualty

Income Statement

Revenue

$9.3B+0.3% YoY

Gross Profit

$2.4B25.5% margin

Operating Income

$875M9.4% margin

Net Income

$693M7.4% margin

EPS (Diluted)

$1.17

QoQ Revenue Growth

-13.2%

Cash Flow

Operating Cash Flow

$1.6B

Free Cash Flow

$1.6B

Stock-Based Comp.

$23M

Balance Sheet

Total Assets

$56.3B

Total Liabilities

$41.9B

Stockholders' Equity

$14.4B

Cash & Equivalents

$370M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$9.3B	$9.3B	+0.3%
Gross Profit	$2.4B	$2.8B	-15.7%
Operating Income	$875M	$1.6B	-44.2%
Net Income	$693M	$1.1B	-35.8%

Revenue Segments

Personal Lines Segment

$7.8B83%

Commercial Lines Segment

$1.2B13%

Property Segment

$421M4%