PGR Q2 2021 Earnings — The Progressive Corporation Revenue & Financial Results | Market Cap Arena

PGRThe Progressive Corporation

$122B

Q2 2021 Earnings

Financial Services Insurance - Property & Casualty

Income Statement

Revenue

$11.9B+8.5% YoY

Gross Profit

$2.6B21.5% margin

Operating Income

$999M8.4% margin

Net Income

$790M6.6% margin

EPS (Diluted)

$1.34

QoQ Revenue Growth

+4.0%

Cash Flow

Operating Cash Flow

$2.3B

Free Cash Flow

$2.3B

Stock-Based Comp.

$27M

Balance Sheet

Total Assets

$69.8B

Total Liabilities

$51.1B

Stockholders' Equity

$18.7B

Cash & Equivalents

$100M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$11.9B	$11.0B	+8.5%
Gross Profit	$2.6B	$4.9B	-47.1%
Operating Income	$999M	$2.3B	-56.0%
Net Income	$790M	$1.8B	-55.9%

Revenue Segments

Personal Lines Segment

$8.9B81%

Commercial Lines Segment

$1.6B15%

Property Segment

$502M5%