PGR Q2 2023 Earnings — The Progressive Corporation Revenue & Financial Results | Market Cap Arena

PGRThe Progressive Corporation

$122B

Q2 2023 Earnings

Financial Services Insurance - Property & Casualty

Income Statement

Revenue

$15.3B+33.3% YoY

Gross Profit

$2.0B13.2% margin

Operating Income

$436M2.8% margin

Net Income

$345M2.3% margin

EPS (Diluted)

$0.57

QoQ Revenue Growth

+7.3%

Cash Flow

Operating Cash Flow

$2.3B

Free Cash Flow

$2.2B

Stock-Based Comp.

$28M

Balance Sheet

Total Assets

$82.9B

Total Liabilities

$66.2B

Stockholders' Equity

$16.7B

Cash & Equivalents

$164M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$15.3B	$11.5B	+33.3%
Gross Profit	$2.0B	$1.2B	+74.7%
Operating Income	$436M	-$636M	+168.5%
Net Income	$345M	-$543M	+163.6%

Revenue Segments

Personal Lines Segment

$11.4B79%

Commercial Lines Segment

$2.5B17%

Property Segment

$622M4%