The Progressive Corporation (BIT:1PGR)

BIT:1PGR Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Premiums & Annuity Revenue	77,160	70,799	58,665	49,241	44,369	39,262
Total Interest & Dividend Income	3,182	2,803	1,866	1,236	835.4	916.6
Gain (Loss) on Sale of Investments	410	264	353	-1,912	1,509	1,630
Other Revenue	1,624	1,477	1,199	1,022	963.2	829.9
Total Revenue	82,376	75,343	62,083	49,587	47,677	42,638
Revenue Growth (YoY)	21.50%	21.36%	25.20%	4.01%	11.82%	9.34%
Policy Benefits	51,902	49,060	45,655	38,123	33,628	25,122
Policy Acquisition & Underwriting Costs	16,569	14,845	10,907	9,776	9,368	8,843
Provision for Bad Debts	-	-	-	-	-	1,077
Other Operating Expenses	495	446	349	297	252.8	205.5
Total Operating Expenses	68,966	64,351	56,911	48,196	43,248	35,248
Operating Income	13,410	10,992	5,172	1,391	4,429	7,390
Interest Expense	-279	-279	-268	-244	-218.6	-217
EBT Excluding Unusual Items	13,131	10,713	4,904	1,147	4,210	7,173
Impairment of Goodwill	-	-	-	-225	-	-
Pretax Income	13,131	10,713	4,904	922	4,210	7,173
Income Tax Expense	2,699	2,233	1,001	200	859.1	1,469
Earnings From Continuing Ops.	10,432	8,480	3,903	722	3,351	5,705
Net Income	10,432	8,480	3,903	722	3,351	5,705
Preferred Dividends & Other Adjustments	-	17	38	27	26.9	26.9
Net Income to Common	10,432	8,463	3,865	695	3,324	5,678
Net Income Growth	51.20%	117.27%	440.58%	-78.45%	-41.26%	43.68%
Shares Outstanding (Basic)	586	586	585	584	585	585
Shares Outstanding (Diluted)	588	588	588	587	587	588
Shares Change (YoY)	0.03%	0.03%	0.07%	-	-0.08%	0.07%
EPS (Basic)	17.81	14.45	6.61	1.19	5.69	9.71
EPS (Diluted)	17.75	14.40	6.58	1.18	5.66	9.66
EPS Growth	52.01%	118.84%	457.63%	-79.15%	-41.41%	43.75%
Free Cash Flow	-	14,834	10,391	6,557	7,518	6,682
Free Cash Flow Per Share	-	25.24	17.69	11.17	12.81	11.37
Dividend Per Share	4.700	4.900	1.150	0.400	1.900	4.900
Dividend Growth	308.70%	326.09%	187.50%	-78.95%	-61.22%	84.91%
Operating Margin	16.28%	14.59%	8.33%	2.80%	9.29%	17.33%
Profit Margin	12.66%	11.23%	6.23%	1.40%	6.97%	13.32%
Free Cash Flow Margin	-	19.69%	16.74%	13.22%	15.77%	15.67%
EBITDA	13,697	11,276	5,457	1,697	4,766	7,722
EBITDA Margin	16.63%	14.97%	8.79%	3.42%	10.00%	18.11%
D&A For EBITDA	286.5	284	285	306	337.4	331.8
EBIT	13,410	10,992	5,172	1,391	4,429	7,390
EBIT Margin	16.28%	14.59%	8.33%	2.80%	9.29%	17.33%
Effective Tax Rate	20.55%	20.84%	20.41%	21.69%	20.41%	20.47%
Revenue as Reported	82,408	75,372	62,109	49,611	47,702	42,658

Source: S&P Global Market Intelligence. Insurance template. Financial Sources.