PGRThe Progressive Corporation

$122B

Q1 2022 Earnings

Financial Services Insurance - Property & Casualty

Income Statement

Revenue

$11.8B+3.5% YoY

Gross Profit

$2.0B17.0% margin

Operating Income

$390M3.3% margin

Net Income

$314M2.7% margin

EPS (Diluted)

$0.54

QoQ Revenue Growth

-5.2%

Cash Flow

Operating Cash Flow

$2.5B

Free Cash Flow

$2.4B

Stock-Based Comp.

$17M

Balance Sheet

Total Assets

$73.9B

Total Liabilities

$56.9B

Stockholders' Equity

$17.1B

Cash & Equivalents

$273M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$11.8B	$11.4B	+3.5%
Gross Profit	$2.0B	$3.5B	-41.7%
Operating Income	$390M	$1.9B	-79.1%
Net Income	$314M	$1.5B	-78.8%

Revenue Segments

Personal Lines Segment

$9.1B77%

Commercial Lines Segment

$2.1B18%

Property Segment

$558M5%

PGR Q1 2022 Earnings — The Progressive Corporation Revenue & Financial Results | Market Cap Arena