PGR Q4 2023 Earnings — The Progressive Corporation Revenue & Financial Results | Market Cap Arena

PGRThe Progressive Corporation

$122B

Q4 2023 Earnings

Financial Services Insurance - Property & Casualty

Income Statement

Revenue

$16.9B+25.4% YoY

Gross Profit

$4.2B24.8% margin

Operating Income

$2.5B14.8% margin

Net Income

$2.0B11.8% margin

EPS (Diluted)

$3.37

QoQ Revenue Growth

+8.6%

Cash Flow

Operating Cash Flow

$2.4B

Free Cash Flow

$2.4B

Stock-Based Comp.

$35M

Balance Sheet

Total Assets

$88.7B

Total Liabilities

$68.4B

Stockholders' Equity

$20.3B

Cash & Equivalents

$85M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$16.9B	$13.5B	+25.4%
Gross Profit	$4.2B	$2.6B	+61.8%
Operating Income	$2.5B	$1.0B	+144.2%
Net Income	$2.0B	$826M	+140.5%

Revenue Segments

Personal Lines Segment

$12.5B79%

Commercial Lines Segment

$2.6B16%

Property Segment

$699M4%