PGR Q1 2023 Earnings — The Progressive Corporation Revenue & Financial Results | Market Cap Arena

PGRThe Progressive Corporation

$122B

Q1 2023 Earnings

Financial Services Insurance - Property & Casualty

Income Statement

Revenue

$14.3B+20.8% YoY

Gross Profit

$2.6B17.9% margin

Operating Income

$554M3.9% margin

Net Income

$448M3.1% margin

EPS (Diluted)

$0.75

QoQ Revenue Growth

+6.2%

Cash Flow

Operating Cash Flow

$2.4B

Free Cash Flow

$2.4B

Stock-Based Comp.

$16M

Balance Sheet

Total Assets

$80.4B

Total Liabilities

$63.5B

Stockholders' Equity

$16.9B

Cash & Equivalents

$274M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$14.3B	$11.8B	+20.8%
Gross Profit	$2.6B	$2.0B	+27.0%
Operating Income	$554M	$390M	+42.1%
Net Income	$448M	$314M	+42.7%

Revenue Segments

Personal Lines Segment

$10.6B78%

Commercial Lines Segment

$2.4B17%

Property Segment

$599M4%