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American International vs Progressive: revenue, profit, margins and growth compared

American International brought in $26.8B of revenue in fiscal 2025, Progressive $87.7B in fiscal 2025. Revenue changed by -1.7% at American International and +16.3% at Progressive on the year before, so Progressive grew faster. American International kept 11.6% of its revenue as net profit, Progressive 12.9%.

Side by side, latest fiscal year

AIGPGR
Fiscal year endedFY2025 (December 31, 2025)FY2025 (December 31, 2025)
Revenue$26.8B$87.7B
Revenue growth-1.7%+16.3%
Net income$3.1B$11.3B
Net margin11.6%12.9%
Free cash flown/a$17.2B
Free cash flow marginn/a19.6%
Earnings per share (diluted)$5.43$19.23
Cash$1.3B$138M
Debt$9.2B$0
Price to earnings13.710.7
Market value$38.8B$119.5B
Dividend yield2.36%6.76%
Rank by revenue in sector#21 of 444 · Finance#5 of 444 · Finance

Over the years

Revenue
AIG FY2018: $47.4BAIG FY2019: $49.7BAIG FY2020: $43.7BAIG FY2021: $52.2BAIG FY2022: $30BAIG FY2023: $27.9BAIG FY2024: $27.3BAIG FY2025: $26.8BPGR FY2018: $32BPGR FY2019: $39BPGR FY2020: $42.7BPGR FY2021: $47.7BPGR FY2022: $49.6BPGR FY2023: $62.1BPGR FY2024: $75.4BPGR FY2025: $87.7BFY18FY19FY20FY21FY22FY23FY24FY25
AIG $26.8BPGR $87.7B
Net income
AIG FY2018: -$6MAIG FY2019: $3.3BAIG FY2020: -$5.9BAIG FY2021: $10.4BAIG FY2022: $10.2BAIG FY2023: $3.6BAIG FY2024: -$1.4BAIG FY2025: $3.1BPGR FY2018: $2.6BPGR FY2019: $4BPGR FY2020: $5.7BPGR FY2021: $3.4BPGR FY2022: $722MPGR FY2023: $3.9BPGR FY2024: $8.5BPGR FY2025: $11.3BFY18FY19FY20FY21FY22FY23FY24FY25
AIG $3.1BPGR $11.3B
Net margin
AIG FY2018: -0.0%AIG FY2019: 6.7%AIG FY2020: -13.6%AIG FY2021: 19.9%AIG FY2022: 34.1%AIG FY2023: 13.0%AIG FY2024: -5.2%AIG FY2025: 11.6%PGR FY2018: 8.2%PGR FY2019: 10.2%PGR FY2020: 13.4%PGR FY2021: 7.0%PGR FY2022: 1.5%PGR FY2023: 6.3%PGR FY2024: 11.3%PGR FY2025: 12.9%FY18FY19FY20FY21FY22FY23FY24FY25
AIG 11.6%PGR 12.9%
Revenue growth
AIG FY2019: +5.0%AIG FY2020: -12.1%AIG FY2021: +19.3%AIG FY2022: -42.5%AIG FY2023: -6.9%AIG FY2024: -2.5%AIG FY2025: -1.7%PGR FY2019: +22.0%PGR FY2020: +9.3%PGR FY2021: +11.8%PGR FY2022: +4.0%PGR FY2023: +25.2%PGR FY2024: +21.4%PGR FY2025: +16.3%FY19FY20FY21FY22FY23FY24FY25
AIG -1.7%PGR +16.3%
Free cash flow
AIG FY2018: -$762MAIG FY2019: -$2.1BAIG FY2020: $685MAIG FY2021: $5.9BAIG FY2022: $3.9BAIG FY2023: $6BPGR FY2018: $6BPGR FY2019: $5.9BPGR FY2020: $6.7BPGR FY2021: $7.5BPGR FY2022: $6.6BPGR FY2023: $10.4BPGR FY2024: $14.8BPGR FY2025: $17.2BFY18FY19FY20FY21FY22FY23FY24FY25
AIG $6BPGR $17.2B

Fiscal years as each company reports them; the two may end in different months.

Questions about American International and Progressive

Which is bigger by revenue, American International or Progressive?

Progressive is bigger by revenue: $87.7B in fiscal 2025, against $26.8B for American International in fiscal 2025.

Which keeps more of its revenue as profit, American International or Progressive?

American International had a net margin of 11.6% in fiscal 2025; Progressive had 12.9% in fiscal 2025.

Which grew revenue faster, American International or Progressive?

In their latest fiscal years revenue changed by -1.7% at American International and +16.3% at Progressive.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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