Chubb
CB · Property & Casualty Insurance
$355.11
2.4%Progressive
PGR · Property & Casualty Insurance
$228.07
0.7%The short version
- Progressive is the larger business, with $87.7B of revenue in fiscal 2025 against $59.4B for Chubb.
- Progressive grew revenue faster (16.3%, against 6.5%).
- Progressive earned a higher return on the capital invested in it (39.2%, against 13.6%).
- Investors pay more for each dollar of Chubb’s earnings: a P/E of 12.6x against 11.4x for Progressive.
| Latest fiscal year | CB · FY25 | PGR · FY25 |
|---|---|---|
| Size | ||
| Market cap | $140.1B | $133.2B |
| Revenue | $59.4B | $87.7B |
| Free cash flow | — | $17.2B |
| Net income | $10.3B | $11.3B |
| Growth | ||
| Revenue growth | 6.5% | 16.3% |
| 5-year growth | 10.5% | 15.5% |
| Share count change | −1.7% | 0.1% |
| Profitability | ||
| Gross margin | — | — |
| Operating margin | — | — |
| Net margin | 17.4% | 12.9% |
| FCF margin | — | 19.6% |
| Return on capital | 13.6% | 39.2% |
| Return on equity | 15.0% | 40.5% |
| Balance sheet | ||
| Net debt | $9.9B | −$3.2B |
| Net debt / EBITDA | — | −0.2x |
| Dividends and buybacks | $5.2B | $2.9B |
| Valuation & quality | ||
| P/E | 12.6x | 11.4x |
| Piotroski F-score | — | — |
FY16
CB $31.5B
PGR $23.4B
FY17
CB $32.2B
PGR $26.8B
FY18
CB $32.7B
PGR $32.0B
FY19
CB $34.2B
PGR $39.0B
FY20
CB $36.0B
PGR $42.7B
FY21
CB $40.9B
PGR $47.7B
FY22
CB $43.1B
PGR $49.6B
FY23
CB $49.7B
PGR $62.1B
FY24
CB $55.8B
PGR $75.4B
FY25
CB $59.4B
PGR $87.7B
CB
PGR
FY16
CB —
PGR —
FY17
CB —
PGR —
FY18
CB —
PGR —
FY19
CB —
PGR —
FY20
CB —
PGR —
FY21
CB —
PGR —
FY22
CB —
PGR —
FY23
CB —
PGR —
FY24
CB —
PGR —
FY25
CB —
PGR —
CB
PGR
FY16
CB —
PGR $2.5B
FY17
CB —
PGR $3.6B
FY18
CB —
PGR $6.0B
FY19
CB —
PGR $5.9B
FY20
CB —
PGR $6.7B
FY21
CB —
PGR $7.5B
FY22
CB —
PGR $6.6B
FY23
CB —
PGR $10.4B
FY24
CB —
PGR $14.8B
FY25
CB —
PGR $17.2B
CB
PGR
FY16
CB 11.1%
PGR 15.5%
FY17
CB 7.4%
PGR 20.4%
FY18
CB 7.6%
PGR 24.2%
FY19
CB 8.0%
PGR 28.1%
FY20
CB 6.0%
PGR 35.4%
FY21
CB 13.0%
PGR 18.0%
FY22
CB 8.9%
PGR 4.4%
FY23
CB 14.9%
PGR 18.5%
FY24
CB 14.0%
PGR 30.5%
FY25
CB 13.6%
PGR 39.2%
CB
PGR
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Each company's latest fiscal year; fiscal years end in different months. The best value in each row is highlighted where higher (or lower) is clearly better. Not investment advice.