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PGR Q1 2024 Earnings — The Progressive Corporation Revenue & Financial Results | Market Cap Arena
PGR
The Progressive Corporation
$122B
Q1 2024 Earnings
Financial Services
Insurance - Property & Casualty
Income Statement
Revenue
$17.2B
+20.6% YoY
Gross Profit
$5.0B
29.2% margin
Operating Income
$2.9B
17.1% margin
Net Income
$2.3B
13.5% 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
$12.9B
80%
Commercial Lines Segment
$2.6B
16%
Property Segment
$713M
4%
← FY 2024
All Quarters
Q2 2024 →