PGRThe Progressive Corporation

$122B

Q1 2025 Earnings

Financial Services Insurance - Property & Casualty

Income Statement

Revenue

$20.4B+18.4% YoY

Gross Profit

$6.1B30.1% margin

Operating Income

$3.2B15.9% margin

Net Income

$2.6B12.6% margin

EPS (Diluted)

$4.37

QoQ Revenue Growth

+0.7%

Cash Flow

Operating Cash Flow

$5.1B

Free Cash Flow

$5.1B

Stock-Based Comp.

$16M

Balance Sheet

Total Assets

$111.4B

Total Liabilities

$82.5B

Stockholders' Equity

$29.0B

Cash & Equivalents

$195M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$20.4B	$17.2B	+18.4%
Gross Profit	$6.1B	$5.0B	+22.0%
Operating Income	$3.2B	$2.9B	+10.1%
Net Income	$2.6B	$2.3B	+10.1%

Revenue Segments

Personal Lines Segment

$17.0B86%

Commercial Lines Segment

$2.7B14%

PGR Q1 2025 Earnings — The Progressive Corporation Revenue & Financial Results | Market Cap Arena