The Progressive Corporation
Income Statement
| Line Item | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 | FY2012 | FY2011 | FY2010 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $26.84B | $23.44B | $20.85B | $19.39B | $18.17B | $17.08B | $15.77B | $15.22B |
| Net premiums earned | $25.73B | $22.47B | — | — | — | — | — | — |
| Net investment income | $563.1M | $478.9M | — | — | — | — | — | — |
| Net realized gains (losses) on securities | $49.6M | $51.1M | — | — | — | — | — | — |
| Fees and other revenues | $370.6M | $332.5M | — | — | — | — | — | — |
| Service revenues | $126.8M | $103.3M | — | — | — | — | — | — |
| Other revenue items | $-1.0M | $1.6M | — | — | — | — | — | — |
| Cost of Revenue | — | — | — | — | — | — | — | — |
| Gross Profit | — | — | — | — | — | — | — | — |
| Gross Margin | — | — | — | — | — | — | — | — |
| Operating Expenses | ||||||||
| Research & Development | — | — | — | — | — | — | — | — |
| SG&A Expense | — | — | — | — | — | — | — | — |
| Operating Income | $2.29B | $1.61B | $2.05B | $2.02B | $1.84B | $1.44B | $1.62B | $1.70B |
| Operating Margin | 8.5% | 6.9% | 9.8% | 10.4% | 10.1% | 8.4% | 10.3% | 11.2% |
| Interest Expense | $153.1M | $140.9M | $136.0M | $116.9M | $118.2M | $123.8M | $132.7M | $133.5M |
| Pretax Income | $2.14B | $1.47B | $1.91B | $1.91B | $1.72B | $1.32B | $1.49B | $1.57B |
| Income Tax Expense | $540.8M | $413.5M | $611.1M | $626.4M | $554.6M | $415.4M | $471.5M | $496.9M |
| Net Income | $1.59B | $1.03B | $1.27B | $1.28B | $1.17B | $902.3M | $1.02B | $1.07B |
| Net Margin | 5.9% | 4.4% | 6.1% | 6.6% | 6.4% | 5.3% | 6.4% | 7.0% |
| EPS (Basic) | $2.74 | $1.77 | $2.16 | $2.17 | $1.95 | $1.50 | $1.61 | $1.62 |
| EPS (Diluted) | $2.72 | $1.76 | $2.15 | $2.15 | $1.93 | $1.48 | $1.59 | $1.61 |
| Shares Outstanding (Basic) | 580.8M | 581.7M | 585.5M | 590.6M | 599.1M | 603.3M | 632.3M | 657.9M |
| Shares Outstanding (Diluted) | 585.7M | 585.0M | 589.2M | 594.8M | 603.6M | 607.8M | 636.9M | 663.3M |
| Dividends Per Share | $1.12 | $0.68 | — | — | — | — | — | — |