PGR Q1 2021 Earnings — The Progressive Corporation Revenue & Financial Results | Market Cap Arena

PGRThe Progressive Corporation

$122B

Q1 2021 Earnings

Financial Services Insurance - Property & Casualty

Income Statement

Revenue

$11.4B+22.8% YoY

Gross Profit

$3.5B30.2% margin

Operating Income

$1.9B16.3% margin

Net Income

$1.5B12.9% margin

EPS (Diluted)

$2.51

QoQ Revenue Growth

+0.3%

Cash Flow

Operating Cash Flow

$2.6B

Free Cash Flow

$2.6B

Stock-Based Comp.

$16M

Balance Sheet

Total Assets

$65.4B

Total Liabilities

$47.6B

Stockholders' Equity

$17.8B

Cash & Equivalents

$123M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$11.4B	$9.3B	+22.8%
Gross Profit	$3.5B	$2.4B	+45.1%
Operating Income	$1.9B	$875M	+113.5%
Net Income	$1.5B	$693M	+113.7%

Revenue Segments

Personal Lines Segment

$8.5B82%

Commercial Lines Segment

$1.4B14%

Property Segment

$473M5%