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PROGRESSIVE CORP/OH/ [PGR] reports $2.3 billion quarterly net profit

PROGRESSIVE CORP/OH/ [PGR] reports $2.3 billion quarterly net profit

Company generates $19.7 billion in revenue

By USinMinutes
Published - Nov 04, 2024, 09:59 AM ET
Last Updated - Nov 05, 2024, 01:40 PM EST

PROGRESSIVE CORP/OH/ PROGRESSIVE CORP/OH/ [PGR] has reported $2.3 billion quarterly profit, an increase of $874.7 million from the previous quarter, the company said in a filing to the SEC for the Q3 ended Sep 30, 2024.

PROGRESSIVE CORP/OH/ reported the quarterly diluted earnings per share (EPS) rose by 60.08 percent to $4 from $2.5 in the previous quarter.

Dollars in millions
Sep 30, 2024    Jun 30, 2024    Mar 31, 2024    Dec 31, 2023   

Income Statement

Revenue $19,719.0  $18,134.3  $17,242.5  $62,108.5 
Net Income $2,333.4  $1,458.7  $2,331.4  $3,902.4 
Net Cash $47.4  $2.1  $68.3  -$121.3 
Gross Margin $19,719.0  $18,134.3  $17,242.5   
Profit as % of Revenues845.08 1243.18 739.58   
Profit as % of Assets3.74 2.51 4.19 4.75 
Profit as % of Stockholder Equity8.59 6.25 10.69 19.25 
Return on Equity8.59 6.25 10.69 19.25 
Return on Assets2.22 1.49 2.48 4.40 
Turnover Ratio31.57 31.26 30.96 0.76 

Balance Sheet

Total Assets $105,202.5  $97,893.0  $94,127.9  $88,690.8 
Total Liabilities $78,043.2  $74,552.6  $72,316.6  $68,413.7 

Cash Flow Statement

Operating Cash Flow $12,111.7  $7,501.2  $4,235.4  $10,643.3 
Investing Cash Flow -$10,807.6  -$6,386.8  -$3,124.3  -$10,842.6 
Financing Cash Flow -$1,256.7  -$1,112.3  -$1,042.8  $78.0 
Read the full filing
 
Disclaimer:USinMinutes is an offering of 10kInfo, Inc., bringing you news on the latest regulatory filings. Although care is taken to ensure accuracy, the article does not intend to replace user diligence in decisions of financial or legal implications.
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