PGR Q2 2022 Earnings — The Progressive Corporation Revenue & Financial Results | Market Cap Arena

PGRThe Progressive Corporation

$122B

Q2 2022 Earnings

Financial Services Insurance - Property & Casualty

Income Statement

Revenue

$11.5B-3.2% YoY

Gross Profit

$1.2B10.1% margin

Operating Income

-$636M-5.5% margin

Net Income

-$543M-4.7% margin

EPS (Diluted)

$-0.93

QoQ Revenue Growth

-2.7%

Cash Flow

Operating Cash Flow

$1.4B

Free Cash Flow

$1.3B

Stock-Based Comp.

$26M

Balance Sheet

Total Assets

$73.1B

Total Liabilities

$57.4B

Stockholders' Equity

$15.7B

Cash & Equivalents

$226M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$11.5B	$11.9B	-3.2%
Gross Profit	$1.2B	$2.6B	-54.8%
Operating Income	-$636M	$999M	-163.6%
Net Income	-$543M	$790M	-168.7%

Revenue Segments

Personal Lines Segment

$9.3B76%

Commercial Lines Segment

$2.3B19%

Property Segment

$571M5%