PGR Q1 2024 Earnings — The Progressive Corporation Revenue & Financial Results | Market Cap Arena

PGRThe Progressive Corporation

$122B

Q1 2024 Earnings

Financial Services Insurance - Property & Casualty

Income Statement

Revenue

$17.2B+20.6% YoY

Gross Profit

$5.0B29.2% margin

Operating Income

$2.9B17.1% margin

Net Income

$2.3B13.5% margin

EPS (Diluted)

$3.94

QoQ Revenue Growth

+2.1%

Cash Flow

Operating Cash Flow

$4.2B

Free Cash Flow

$4.2B

Stock-Based Comp.

$17M

Balance Sheet

Total Assets

$94.1B

Total Liabilities

$72.3B

Stockholders' Equity

$21.8B

Cash & Equivalents

$155M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$17.2B	$14.3B	+20.6%
Gross Profit	$5.0B	$2.6B	+96.8%
Operating Income	$2.9B	$554M	+430.3%
Net Income	$2.3B	$448M	+420.4%

Revenue Segments

Personal Lines Segment

$12.9B80%

Commercial Lines Segment

$2.6B16%

Property Segment

$713M4%