PGR Q3 2023 Earnings — The Progressive Corporation Revenue & Financial Results | Market Cap Arena

PGRThe Progressive Corporation

$122B

Q3 2023 Earnings

Financial Services Insurance - Property & Casualty

Income Statement

Revenue

$15.6B+21.8% YoY

Gross Profit

$3.0B19.2% margin

Operating Income

$1.4B9.1% margin

Net Income

$1.1B7.2% margin

EPS (Diluted)

$1.89

QoQ Revenue Growth

+1.3%

Cash Flow

Operating Cash Flow

$3.4B

Free Cash Flow

$3.4B

Stock-Based Comp.

$43M

Balance Sheet

Total Assets

$85.7B

Total Liabilities

$68.3B

Stockholders' Equity

$17.4B

Cash & Equivalents

$124M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$15.6B	$12.8B	+21.8%
Gross Profit	$3.0B	$1.8B	+67.7%
Operating Income	$1.4B	$143M	+889.6%
Net Income	$1.1B	$124M	+803.5%

Revenue Segments

Personal Lines Segment

$11.8B79%

Commercial Lines Segment

$2.5B17%

Property Segment

$632M4%