PGR Q4 2022 Earnings — The Progressive Corporation Revenue & Financial Results | Market Cap Arena

PGRThe Progressive Corporation

$122B

Q4 2022 Earnings

Financial Services Insurance - Property & Casualty

Income Statement

Revenue

$13.5B+7.8% YoY

Gross Profit

$2.6B19.2% margin

Operating Income

$1.0B7.6% margin

Net Income

$826M6.1% margin

EPS (Diluted)

$1.40

QoQ Revenue Growth

+5.4%

Cash Flow

Operating Cash Flow

$930M

Free Cash Flow

$883M

Stock-Based Comp.

$53M

Balance Sheet

Total Assets

$75.5B

Total Liabilities

$59.6B

Stockholders' Equity

$15.9B

Cash & Equivalents

$204M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$13.5B	$12.5B	+7.8%
Gross Profit	$2.6B	$2.7B	-2.9%
Operating Income	$1.0B	$1.2B	-14.8%
Net Income	$826M	$962M	-14.1%

Revenue Segments

Personal Lines Segment

$10.0B77%

Commercial Lines Segment

$2.3B18%

Property Segment

$580M5%