PGR Q2 2018 Earnings — The Progressive Corporation Revenue & Financial Results | Market Cap Arena

PGRThe Progressive Corporation

$118B

Q2 2018 Earnings

Financial Services Insurance - Property & Casualty

Income Statement

Revenue

$8.0B+21.4% YoY

Gross Profit

$2.0B25.0% margin

Operating Income

$880M11.0% margin

Net Income

$704M8.8% margin

EPS (Diluted)

$1.19

QoQ Revenue Growth

+7.9%

Cash Flow

Operating Cash Flow

$1.7B

Free Cash Flow

$1.7B

Stock-Based Comp.

$21M

Balance Sheet

Total Assets

$43.4B

Total Liabilities

$32.4B

Stockholders' Equity

$11.0B

Cash & Equivalents

$155M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$8.0B	$6.6B	+21.4%
Gross Profit	$2.0B	$1.5B	+36.4%
Operating Income	$880M	$555M	+58.7%
Net Income	$704M	$368M	+91.6%

Revenue Segments

Personal Lines Segment

$6.4B84%

Commercial Lines Segment

$884M12%

Property Segment

$312M4%