PGR Q2 2019 Earnings — The Progressive Corporation Revenue & Financial Results | Market Cap Arena

PGRThe Progressive Corporation

$118B

Q2 2019 Earnings

Financial Services Insurance - Property & Casualty

Income Statement

Revenue

$9.4B+17.9% YoY

Gross Profit

$2.6B27.2% margin

Operating Income

$1.2B13.2% margin

Net Income

$979M10.4% margin

EPS (Diluted)

$1.66

QoQ Revenue Growth

+1.6%

Cash Flow

Operating Cash Flow

$1.5B

Free Cash Flow

$1.4B

Stock-Based Comp.

$27M

Balance Sheet

Total Assets

$51.3B

Total Liabilities

$38.0B

Stockholders' Equity

$13.3B

Cash & Equivalents

$92M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$9.4B	$8.0B	+17.9%
Gross Profit	$2.6B	$2.0B	+28.0%
Operating Income	$1.2B	$880M	+41.3%
Net Income	$979M	$704M	+39.1%

Revenue Segments

Personal Lines Segment

$7.4B84%

Commercial Lines Segment

$1.1B12%

Property Segment

$381M4%