The Progressive Corporation
Income Statement
| Line Item | FY2009 | FY2008 | FY2007 |
|---|---|---|---|
| Revenue | $14.56B | $12.84B | $14.69B |
| Net premiums earned | — | — | — |
| Net investment income | — | — | — |
| Net realized gains (losses) on securities | — | — | — |
| Fees and other revenues | — | — | — |
| Service revenues | — | — | — |
| Other revenue items | — | — | — |
| Cost of Revenue | — | — | — |
| Gross Profit | — | — | — |
| Gross Margin | — | — | — |
| Operating Expenses | |||
| Research & Development | — | — | — |
| SG&A Expense | — | — | — |
| Operating Income | $1.70B | $-85.6M | $1.80B |
| Operating Margin | 11.6% | -0.7% | 12.3% |
| Interest Expense | $139.0M | $136.7M | $108.6M |
| Pretax Income | $1.56B | $-222.3M | $1.69B |
| Income Tax Expense | $499.4M | $-152.3M | $510.5M |
| Net Income | $1.06B | $-70.0M | $1.18B |
| Net Margin | 7.3% | -0.5% | 8.1% |
| EPS (Basic) | $1.59 | $-0.10 | $1.66 |
| EPS (Diluted) | $1.57 | $-0.10 | $1.65 |
| Shares Outstanding (Basic) | 666.8M | 668.0M | 710.4M |
| Shares Outstanding (Diluted) | 672.2M | 673.9M | 718.5M |
| Dividends Per Share | — | — | — |