The Progressive Corporation (PGR)

PGR Income Statement

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

Year	2023	2022	2021	2020	2019
Revenue	62,109	49,611	47,702	42,658	39,022
Revenue Growth (YoY)	25.19%	4.00%	11.82%	9.32%	22.02%
Cost of Revenue	45,655	38,123	33,628	26,199	25,471
Gross Profit	16,454	11,488	14,074	16,459	13,552
Selling, General & Admin	10,907	9,777	9,368	8,843	7,998
Other Operating Expenses	375.2	545.8	278.3	225.5	203.5
Operating Expenses	11,282	10,322	9,646	9,069	8,202
Operating Income	5,172	1,166	4,429	7,390	5,350
Interest Expense / Income	268.4	243.5	218.6	217	189.7
Other Expense / Income	-	-	-	-	9.7
Pretax Income	4,904	922.1	4,210	7,173	5,151
Income Tax	1,001	200.6	859.1	1,469	1,180
Net Income	3,902	721.5	3,351	5,705	3,970
Preferred Dividends	37.6	26.9	26.9	26.9	26.9
Net Income Common	3,865	694.6	3,324	5,678	3,943
Net Income Growth	456.41%	-79.10%	-41.46%	43.98%	52.03%
Shares Outstanding (Basic)	585	584	585	585	584
Shares Outstanding (Diluted)	588	587	587	588	587
Shares Change	0.07%	-	-0.09%	0.07%	0.09%
EPS (Basic)	6.61	1.19	5.69	9.71	6.75
EPS (Diluted)	6.58	1.18	5.66	9.66	6.72
EPS Growth	457.63%	-79.15%	-41.41%	43.75%	52.04%
Free Cash Flow	10,439	6,592	7,584	6,704	5,951
Free Cash Flow Per Share	17.85	11.28	12.98	11.46	10.19
Dividend Per Share	0.400	0.400	6.400	2.650	2.814
Dividend Growth	0%	-93.75%	141.51%	-5.83%	150.13%
Gross Margin	26.49%	23.16%	29.50%	38.58%	34.73%
Operating Margin	8.33%	2.35%	9.28%	17.32%	13.71%
Profit Margin	6.22%	1.40%	6.97%	13.31%	10.11%
Free Cash Flow Margin	16.81%	13.29%	15.90%	15.72%	15.25%
Effective Tax Rate	20.42%	21.75%	20.41%	20.47%	22.92%
EBITDA	5,472	1,502	4,766	7,722	5,646
EBITDA Margin	8.81%	3.03%	9.99%	18.10%	14.47%
Depreciation & Amortization	299.7	336.6	337.4	331.8	306.1
EBIT	5,172	1,166	4,429	7,390	5,340
EBIT Margin	8.33%	2.35%	9.28%	17.32%	13.69%

Source: Financials are provided by Nasdaq Data Link and sourced from the audited annual (10-K) and quarterly (10-Q) reports submitted to the Securities and Exchange Commission (SEC).