PGR Q2 2024 Earnings — The Progressive Corporation Revenue & Financial Results | Market Cap Arena

PGRThe Progressive Corporation

$122B

Q2 2024 Earnings

Financial Services Insurance - Property & Casualty

Income Statement

Revenue

$18.1B+18.1% YoY

Gross Profit

$4.2B23.3% margin

Operating Income

$1.9B10.3% margin

Net Income

$1.5B8.0% margin

EPS (Diluted)

$2.48

QoQ Revenue Growth

+5.2%

Cash Flow

Operating Cash Flow

$3.3B

Free Cash Flow

$3.2B

Stock-Based Comp.

$32M

Balance Sheet

Total Assets

$97.9B

Total Liabilities

$74.6B

Stockholders' Equity

$23.3B

Cash & Equivalents

$90M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$18.1B	$15.3B	+18.1%
Gross Profit	$4.2B	$2.0B	+108.7%
Operating Income	$1.9B	$436M	+326.9%
Net Income	$1.5B	$345M	+322.4%

Revenue Segments

Personal Lines Segment

$13.8B80%

Commercial Lines Segment

$2.7B15%

Property Segment

$736M4%