PGR Q2 2020 Earnings — The Progressive Corporation Revenue & Financial Results | Market Cap Arena

PGRThe Progressive Corporation

$118B

Q2 2020 Earnings

Financial Services Insurance - Property & Casualty

Income Statement

Revenue

$11.0B+16.1% YoY

Gross Profit

$4.9B44.2% margin

Operating Income

$2.3B20.7% margin

Net Income

$1.8B16.3% margin

EPS (Diluted)

$0.80

QoQ Revenue Growth

+17.7%

Cash Flow

Operating Cash Flow

$2.3B

Free Cash Flow

$2.2B

Stock-Based Comp.

$22M

Balance Sheet

Total Assets

$59.4B

Total Liabilities

$42.7B

Stockholders' Equity

$16.7B

Cash & Equivalents

$108M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$11.0B	$9.4B	+16.1%
Gross Profit	$4.9B	$2.6B	+88.9%
Operating Income	$2.3B	$1.2B	+82.4%
Net Income	$1.8B	$979M	+82.8%

Revenue Segments

Personal Lines Segment

$8.1B84%

Commercial Lines Segment

$1.1B12%

Property Segment

$433M4%