The Progressive Corporation (PGR)

PGR Income Statement

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

Year	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013 - 1994
Revenue	62,109	49,611	47,702	42,658	39,022	31,979	26,839	23,441	20,854	19,391	Upgrade
Revenue Growth (YoY)	25.19%	4.00%	11.82%	9.32%	22.02%	19.15%	14.49%	12.41%	7.54%	6.72%	Upgrade
Cost of Revenue	45,655	38,123	33,628	26,199	25,471	21,721	18,808	16,880	14,342	13,306	Upgrade
Gross Profit	16,454	11,488	14,074	16,459	13,552	10,258	8,031	6,562	6,512	6,085	Upgrade
Selling, General & Admin	10,907	9,777	9,368	8,843	7,998	6,770	5,606	4,836	4,364	3,991	Upgrade
Other Operating Expenses	375.2	545.8	278.3	225.5	203.5	158.4	133.4	114.4	100.3	69.8	Upgrade
Operating Expenses	11,282	10,322	9,646	9,069	8,202	6,928	5,739	4,950	4,464	4,061	Upgrade
Operating Income	5,172	1,166	4,429	7,390	5,350	3,330	2,292	1,612	2,048	2,024	Upgrade
Interest Expense / Income	268.4	243.5	218.6	217	189.7	166.5	153.1	140.9	136	116.9	Upgrade
Other Expense / Income	-	-	-	-	9.7	5.7	5.9	26.2	32.9	-	Upgrade
Pretax Income	4,904	922.1	4,210	7,173	5,151	3,158	2,133	1,445	1,879	1,907	Upgrade
Income Tax	1,001	200.6	859.1	1,469	1,180	542.6	540.8	413.5	611.1	626.4	Upgrade
Net Income	3,902	721.5	3,351	5,705	3,970	2,615	1,592	1,031	1,268	1,281	Upgrade
Preferred Dividends	37.6	26.9	26.9	26.9	26.9	21.4	0	0	0	0	Upgrade
Net Income Common	3,865	694.6	3,324	5,678	3,943	2,594	1,592	1,031	1,268	1,281	Upgrade
Net Income Growth	456.41%	-79.10%	-41.46%	43.98%	52.03%	62.91%	54.43%	-18.67%	-1.05%	9.92%	Upgrade
Shares Outstanding (Basic)	585	584	585	585	584	582	581	582	586	591	Upgrade
Shares Outstanding (Diluted)	588	587	587	588	587	587	586	585	589	595	Upgrade
Shares Change	0.07%	-	-0.09%	0.07%	0.09%	0.17%	0.12%	-0.71%	-0.94%	-1.46%	Upgrade
EPS (Basic)	6.61	1.19	5.69	9.71	6.75	4.45	2.74	1.77	2.16	2.17	Upgrade
EPS (Diluted)	6.58	1.18	5.66	9.66	6.72	4.42	2.72	1.76	2.15	2.15	Upgrade
EPS Growth	457.63%	-79.15%	-41.41%	43.75%	52.04%	62.50%	54.55%	-18.14%	0%	11.40%	Upgrade
Free Cash Flow	10,439	6,592	7,584	6,704	5,951	6,028	3,616	2,524	2,173	1,623	Upgrade
Free Cash Flow Per Share	17.85	11.28	12.98	11.46	10.19	10.35	6.23	4.34	3.71	2.75	Upgrade
Dividend Per Share	0.400	0.400	6.400	2.650	2.814	1.125	0.681	0.888	0.686	1.493	Upgrade
Dividend Growth	0%	-93.75%	141.51%	-5.83%	150.13%	65.20%	-23.31%	29.45%	-54.05%	425.70%	Upgrade
Gross Margin	26.49%	23.16%	29.50%	38.58%	34.73%	32.08%	29.92%	27.99%	31.23%	31.38%	Upgrade
Operating Margin	8.33%	2.35%	9.28%	17.32%	13.71%	10.41%	8.54%	6.88%	9.82%	10.44%	Upgrade
Profit Margin	6.22%	1.40%	6.97%	13.31%	10.11%	8.11%	5.93%	4.40%	6.08%	6.61%	Upgrade
Free Cash Flow Margin	16.81%	13.29%	15.90%	15.72%	15.25%	18.85%	13.47%	10.77%	10.42%	8.37%	Upgrade
Effective Tax Rate	20.42%	21.75%	20.41%	20.47%	22.92%	17.18%	25.35%	28.63%	32.53%	32.84%	Upgrade
EBITDA	5,472	1,502	4,766	7,722	5,646	3,587	2,522	1,785	2,165	2,121	Upgrade
EBITDA Margin	8.81%	3.03%	9.99%	18.10%	14.47%	11.22%	9.40%	7.61%	10.38%	10.94%	Upgrade
Depreciation & Amortization	299.7	336.6	337.4	331.8	306.1	262.4	236.1	199.5	150.5	97.1	Upgrade
EBIT	5,172	1,166	4,429	7,390	5,340	3,324	2,286	1,585	2,015	2,024	Upgrade
EBIT Margin	8.33%	2.35%	9.28%	17.32%	13.69%	10.40%	8.52%	6.76%	9.66%	10.44%	Upgrade

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).