PGR Q3 2022 Earnings — The Progressive Corporation Revenue & Financial Results | Market Cap Arena

PGRThe Progressive Corporation

$122B

Q3 2022 Earnings

Financial Services Insurance - Property & Casualty

Income Statement

Revenue

$12.8B+7.8% YoY

Gross Profit

$1.8B14.0% margin

Operating Income

$143M1.1% margin

Net Income

$124M1.0% margin

EPS (Diluted)

$0.21

QoQ Revenue Growth

+11.0%

Cash Flow

Operating Cash Flow

$2.0B

Free Cash Flow

$1.9B

Stock-Based Comp.

$26M

Balance Sheet

Total Assets

$75.5B

Total Liabilities

$60.7B

Stockholders' Equity

$14.8B

Cash & Equivalents

$351M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$12.8B	$11.9B	+7.8%
Gross Profit	$1.8B	$1.7B	+8.1%
Operating Income	$143M	$139M	+2.5%
Net Income	$124M	$119M	+4.7%

Revenue Segments

Personal Lines Segment

$9.5B77%

Commercial Lines Segment

$2.3B19%

Property Segment

$561M5%