PGR Q4 2021 Earnings — The Progressive Corporation Revenue & Financial Results | Market Cap Arena

PGRThe Progressive Corporation

$122B

Q4 2021 Earnings

Financial Services Insurance - Property & Casualty

Income Statement

Revenue

$12.5B+9.4% YoY

Gross Profit

$2.7B21.4% margin

Operating Income

$1.2B9.6% margin

Net Income

$962M7.7% margin

EPS (Diluted)

$1.65

QoQ Revenue Growth

+5.3%

Cash Flow

Operating Cash Flow

$452M

Free Cash Flow

$397M

Stock-Based Comp.

$32M

Balance Sheet

Total Assets

$71.1B

Total Liabilities

$52.9B

Stockholders' Equity

$18.2B

Cash & Equivalents

$187M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$12.5B	$11.4B	+9.4%
Gross Profit	$2.7B	$3.6B	-26.3%
Operating Income	$1.2B	$2.1B	-42.8%
Net Income	$962M	$1.7B	-42.9%

Revenue Segments

Personal Lines Segment

$9.0B78%

Commercial Lines Segment

$2.0B17%

Property Segment

$541M5%