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安达（CB）与Progressive Corporation（PGR）财务数据对比。点击上方公司名可切换其他公司
Progressive Corporation的季度营收约是安达的1.5倍（$22.7B vs $15.1B）。安达净利率更高（21.3% vs 13.0%，领先8.3%）。Progressive Corporation同比增速更快（12.2% vs 6.3%）。过去两年Progressive Corporation的营收复合增速更高（14.9% vs 8.1%）
安达是注册地位于苏黎世的跨国保险集团，在纽约证券交易所上市，为标普500指数成分股。作为全球最大的上市财产及意外伤害保险公司，其业务涵盖财产险、意外险、健康险、再保险、寿险等领域，在全球55个国家和地区及伦敦劳合社市场运营。
美国Progressive Corporation是1937年由杰克·格林与约瑟夫·M·刘易斯联合创立的保险公司，总部位于俄亥俄州梅菲尔德，是美国第二大汽车保险服务商，仅次于州立农业保险。其业务覆盖乘用车、摩托车、房车、船只、商用车等险种，同时通过合作机构提供家财险、寿险、宠物险等多元保险产品。
CB vs PGR — 直观对比
营收规模更大
PGR
是对方的1.5倍
$15.1B
营收增速更快
PGR
高出5.9%
6.3%
净利率更高
CB
高出8.3%
13.0%
两年增速更快
PGR
近两年复合增速
8.1%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $15.1B | $22.7B |
| 净利润 | $3.2B | $3.0B |
| 毛利率 | — | — |
| 营业利润率 | 25.0% | 16.2% |
| 净利率 | 21.3% | 13.0% |
| 营收同比 | 6.3% | 12.2% |
| 净利润同比 | 24.7% | 25.3% |
| 每股收益（稀释后） | $8.05 | $5.01 |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收CBPGR
| Q4 25 | $15.1B | $22.7B | ||
| Q3 25 | $16.1B | $22.5B | ||
| Q2 25 | $14.8B | $22.0B | ||
| Q1 25 | $13.4B | $20.4B | ||
| Q4 24 | $14.2B | $20.3B | ||
| Q3 24 | $14.8B | $19.7B | ||
| Q2 24 | $13.8B | $18.1B | ||
| Q1 24 | $12.9B | $17.2B |
净利润CBPGR
| Q4 25 | $3.2B | $3.0B | ||
| Q3 25 | $2.8B | $2.6B | ||
| Q2 25 | $3.0B | $3.2B | ||
| Q1 25 | $1.3B | $2.6B | ||
| Q4 24 | $2.6B | $2.4B | ||
| Q3 24 | $2.3B | $2.3B | ||
| Q2 24 | $2.2B | $1.5B | ||
| Q1 24 | $2.1B | $2.3B |
营业利润率CBPGR
| Q4 25 | 25.0% | 16.2% | ||
| Q3 25 | 24.1% | 14.8% | ||
| Q2 25 | 25.0% | 18.1% | ||
| Q1 25 | 12.5% | 15.9% | ||
| Q4 24 | 22.0% | 14.6% | ||
| Q3 24 | 20.2% | 14.9% | ||
| Q2 24 | 19.6% | 10.3% | ||
| Q1 24 | 20.4% | 17.1% |
净利率CBPGR
| Q4 25 | 21.3% | 13.0% | ||
| Q3 25 | 17.3% | 11.6% | ||
| Q2 25 | 20.0% | 14.4% | ||
| Q1 25 | 10.0% | 12.6% | ||
| Q4 24 | 18.2% | 11.6% | ||
| Q3 24 | 15.7% | 11.8% | ||
| Q2 24 | 16.1% | 8.0% | ||
| Q1 24 | 16.6% | 13.5% |
每股收益（稀释后）CBPGR
| Q4 25 | $8.05 | $5.01 | ||
| Q3 25 | $6.99 | $4.45 | ||
| Q2 25 | $7.35 | $5.40 | ||
| Q1 25 | $3.29 | $4.37 | ||
| Q4 24 | $6.31 | $4.01 | ||
| Q3 24 | $5.70 | $3.97 | ||
| Q2 24 | $5.46 | $2.48 | ||
| Q1 24 | $5.23 | $3.94 |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | — | $10.0B |
| 总债务越低越好 | $15.7B | — |
| 股东权益账面价值 | $73.8B | $30.3B |
| 总资产 | $272.3B | $123.0B |
| 负债/权益比越低杠杆越低 | 0.21× | — |
8季度趋势，按日历期对齐
现金及短期投资CBPGR
| Q4 25 | — | $10.0B | ||
| Q3 25 | — | $1.5B | ||
| Q2 25 | — | $2.1B | ||
| Q1 25 | — | $2.6B | ||
| Q4 24 | — | $615.0M | ||
| Q3 24 | — | $757.0M | ||
| Q2 24 | — | $733.0M | ||
| Q1 24 | — | $1.3B |
总债务CBPGR
| Q4 25 | $15.7B | — | ||
| Q3 25 | $15.7B | — | ||
| Q2 25 | $13.5B | — | ||
| Q1 25 | $14.5B | — | ||
| Q4 24 | $14.4B | — | ||
| Q3 24 | $14.6B | — | ||
| Q2 24 | $13.2B | — | ||
| Q1 24 | $13.2B | — |
股东权益CBPGR
| Q4 25 | $73.8B | $30.3B | ||
| Q3 25 | $71.9B | $35.4B | ||
| Q2 25 | $69.4B | $32.6B | ||
| Q1 25 | $65.7B | $29.0B | ||
| Q4 24 | $64.0B | $25.6B | ||
| Q3 24 | $65.8B | $27.2B | ||
| Q2 24 | $61.0B | $23.3B | ||
| Q1 24 | $60.5B | $21.8B |
总资产CBPGR
| Q4 25 | $272.3B | $123.0B | ||
| Q3 25 | $270.2B | $121.5B | ||
| Q2 25 | $261.6B | $115.5B | ||
| Q1 25 | $251.8B | $111.4B | ||
| Q4 24 | $246.5B | $105.7B | ||
| Q3 24 | $250.6B | $105.2B | ||
| Q2 24 | $238.6B | $97.9B | ||
| Q1 24 | $234.9B | $94.1B |
负债/权益比CBPGR
| Q4 25 | 0.21× | — | ||
| Q3 25 | 0.22× | — | ||
| Q2 25 | 0.19× | — | ||
| Q1 25 | 0.22× | — | ||
| Q4 24 | 0.22× | — | ||
| Q3 24 | 0.22× | — | ||
| Q2 24 | 0.22× | — | ||
| Q1 24 | 0.22× | — |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | $4.1B | $3.2B |
| 自由现金流经营现金流 - 资本支出 | — | $3.0B |
| 自由现金流率自由现金流/营收 | — | 13.4% |
| 资本支出强度资本支出/营收 | — | 0.5% |
| 现金转化率经营现金流/净利润 | 1.26× | 1.07× |
| 过去12个月自由现金流最近4个季度 | — | $17.2B |
8季度趋势，按日历期对齐
经营现金流CBPGR
| Q4 25 | $4.1B | $3.2B | ||
| Q3 25 | $3.6B | $5.2B | ||
| Q2 25 | $3.6B | $4.0B | ||
| Q1 25 | $1.6B | $5.1B | ||
| Q4 24 | $4.6B | $3.0B | ||
| Q3 24 | $4.3B | $4.6B | ||
| Q2 24 | $4.1B | $3.3B | ||
| Q1 24 | $3.2B | $4.2B |
自由现金流CBPGR
| Q4 25 | — | $3.0B | ||
| Q3 25 | — | $5.1B | ||
| Q2 25 | — | $3.9B | ||
| Q1 25 | — | $5.1B | ||
| Q4 24 | — | $2.9B | ||
| Q3 24 | — | $4.6B | ||
| Q2 24 | — | $3.2B | ||
| Q1 24 | — | $4.2B |
自由现金流率CBPGR
| Q4 25 | — | 13.4% | ||
| Q3 25 | — | 22.8% | ||
| Q2 25 | — | 17.9% | ||
| Q1 25 | — | 24.9% | ||
| Q4 24 | — | 14.3% | ||
| Q3 24 | — | 23.1% | ||
| Q2 24 | — | 17.6% | ||
| Q1 24 | — | 24.3% |
资本支出强度CBPGR
| Q4 25 | — | 0.5% | ||
| Q3 25 | — | 0.3% | ||
| Q2 25 | — | 0.5% | ||
| Q1 25 | — | 0.3% | ||
| Q4 24 | — | 0.5% | ||
| Q3 24 | — | 0.3% | ||
| Q2 24 | — | 0.4% | ||
| Q1 24 | — | 0.3% |
现金转化率CBPGR
| Q4 25 | 1.26× | 1.07× | ||
| Q3 25 | 1.30× | 1.99× | ||
| Q2 25 | 1.20× | 1.27× | ||
| Q1 25 | 1.18× | 2.00× | ||
| Q4 24 | 1.77× | 1.28× | ||
| Q3 24 | 1.86× | 1.97× | ||
| Q2 24 | 1.83× | 2.24× | ||
| Q1 24 | 1.50× | 1.82× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
业务分部营收拆解
CB
暂无分部数据
PGR
| Other | $11.9B | 52% |
| Commercial Lines Segment | $10.9B | 48% |
| Other Indemnity | $2.0M | 0% |
