PGR
Income statement / Annual
Last year (2023), The Progressive Corporation's total revenue was $62.08 B,
an increase of 25.20% from the previous year.
In 2023, The Progressive Corporation's net income was $3.90 B.
See The Progressive Corporation’s key income statements, including revenue, expenses, profit, and income.
| Period |
FY-2023
|
FY-2022
|
FY-2021
|
FY-2020
|
FY-2019
|
FY-2018
|
FY-2017
|
FY-2016
|
FY-2015
|
FY-2014
|
| Period Ended |
12/31/2023 |
12/31/2022 |
12/31/2021 |
12/31/2020 |
12/31/2019 |
12/31/2018 |
12/31/2017 |
12/31/2016 |
12/31/2015 |
12/31/2014 |
| Operating Revenue |
$62.08 B
|
$49.59 B
|
$47.68 B
|
$42.64 B
|
$39.00 B
|
$31.95 B
|
$26.82 B
|
$23.42 B
|
$20.83 B
|
$19.38 B
|
| Cost of Revenue |
$7.60 M |
$6.80 |
$6.80 |
$7.20 M |
$5.50 M |
$5.10 M |
$4.60 M |
$4.20 M |
$5.40 M |
$4.40 M |
| Gross Profit |
$62.07 B |
$49.59 B |
$47.68 B |
$42.63 B |
$38.99 B |
$31.95 B |
$26.81 B |
$23.41 B |
$20.83 B |
$19.37 B |
| Gross Profit Ratio |
1 |
1 |
1 |
1 |
1 |
1 |
1 |
1 |
1 |
1 |
| Research and Development
Expenses |
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
| General & Administrative
Expenses |
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$178.90 M
|
$134.10 M
|
$109.50 M
|
$92.00 M
|
$77.50 M
|
$50.90 M
|
| Selling & Marketing
Expenses |
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
| Selling, General &
Administrative Expenses |
-$5.17 B
|
$0.00
|
$0.00
|
$1.08 B
|
$178.90 M
|
$134.10 M
|
$109.50 M
|
$92.00 M
|
$77.50 M
|
$50.90 M
|
| Other Expenses |
$62.08 B |
-$10.07 B |
-$9.62 B |
-$9.05 B |
-$8.18 B |
-$6.90 B |
-$5.72 B |
-$4.93 B |
$0.00 |
$0.00 |
| Operating Expenses |
$56.91 B |
$48.66 B |
$43.47 B |
$35.46 B |
$33.84 B |
$28.79 B |
$24.68 B |
$21.95 B |
$18.92 B |
$17.47 B |
| Cost And Expenses |
$56.91 B |
$48.66 B |
$43.47 B |
$35.46 B |
$33.84 B |
$28.79 B |
$24.68 B |
$21.95 B |
$18.92 B |
$17.47 B |
| Interest Income |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
| Interest Expense |
$268.40 M |
$243.50 M |
$218.60 M |
$217.00 M |
$189.70 M |
$166.50 M |
$153.10 M |
$140.90 M |
$136.00 M |
$116.90 M |
| Depreciation &
Amortization |
$299.70 M
|
$336.60 M
|
$337.40 M
|
$331.80 M
|
$306.10 M
|
$262.40 M
|
$236.10 M
|
$199.50 M
|
$150.50 M
|
$97.10 M
|
| EBITDA |
$5.47 B
|
$1.50 B
|
$4.55 B
|
$7.51 B
|
$5.47 B
|
$0.00
|
$2.53 B
|
$1.81 B
|
$2.20 B
|
$2.12 B
|
| EBITDA Ratio |
0.09 |
0.03 |
0.1 |
0.18 |
0.14 |
0.11 |
0.09 |
0.07 |
0.1 |
0.1 |
| Operating Income Ratio
|
0.08
|
0.02
|
0.09
|
0.17
|
0.13
|
0.1
|
0.08
|
0.06
|
0.09
|
0.1
|
| Total Other
Income/Expenses Net |
-$268.40 M
|
-$468.30 M
|
$7.00
|
$7.20 M
|
$0.00
|
$0.00
|
-$154.10 M
|
-$139.30 M
|
-$136.90 M
|
-$121.70 M
|
| Income Before Tax |
$4.90 B |
$922.10 M |
$4.21 B |
$7.17 B |
$5.16 B |
$3.16 B |
$2.14 B |
$1.47 B |
$1.91 B |
$1.91 B |
| Income Before Tax Ratio
|
0.08
|
0.02
|
0.09
|
0.17
|
0.13
|
0.1
|
0.08
|
0.06
|
0.09
|
0.1
|
| Income Tax Expense |
$1.00 B |
$200.60 M |
$859.10 M |
$1.47 B |
$1.18 B |
$542.60 M |
$540.80 M |
$413.50 M |
$611.10 M |
$626.40 M |
| Net Income |
$3.90 B |
$721.50 M |
$3.35 B |
$5.70 B |
$3.97 B |
$2.62 B |
$1.59 B |
$1.03 B |
$1.27 B |
$1.28 B |
| Net Income Ratio |
0.06 |
0.01 |
0.07 |
0.13 |
0.1 |
0.08 |
0.06 |
0.04 |
0.06 |
0.07 |
| EPS |
6.61 |
1.19 |
5.69 |
9.71 |
6.75 |
4.49 |
2.74 |
1.77 |
2.16 |
2.17 |
| EPS Diluted |
6.58 |
1.18 |
5.66 |
9.66 |
6.72 |
4.46 |
2.72 |
1.76 |
2.15 |
2.15 |
| Weighted Average Shares
Out |
$584.90 M
|
$584.40 M
|
$584.50 M
|
$584.90 M
|
$583.80 M
|
$582.40 M
|
$580.80 M
|
$581.70 M
|
$585.50 M
|
$590.60 M
|
| Weighted Average Shares
Out Diluted |
$587.50 M
|
$587.10 M
|
$587.10 M
|
$587.60 M
|
$587.20 M
|
$586.70 M
|
$585.70 M
|
$585.00 M
|
$589.20 M
|
$594.80 M
|
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