PGR Q3 2024 Earnings — The Progressive Corporation Revenue & Financial Results | Market Cap Arena

PGRThe Progressive Corporation

$122B

Q3 2024 Earnings

Financial Services Insurance - Property & Casualty

Income Statement

Revenue

$19.7B+26.7% YoY

Gross Profit

$5.8B29.5% margin

Operating Income

$2.9B14.9% margin

Net Income

$2.3B11.8% margin

EPS (Diluted)

$3.97

QoQ Revenue Growth

+8.7%

Cash Flow

Operating Cash Flow

$4.6B

Free Cash Flow

$4.6B

Stock-Based Comp.

$37M

Balance Sheet

Total Assets

$105.2B

Total Liabilities

$78.0B

Stockholders' Equity

$27.2B

Cash & Equivalents

$136M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$19.7B	$15.6B	+26.7%
Gross Profit	$5.8B	$3.0B	+94.2%
Operating Income	$2.9B	$1.4B	+108.8%
Net Income	$2.3B	$1.1B	+108.1%

Revenue Segments

Personal Lines Segment

$14.8B81%

Commercial Lines Segment

$2.7B15%

Property Segment

$762M4%