AFL vs. PGR: Aflac vs. Progressive Stock Comparison

June 13, 2026

This page compares Aflac (AFL) with Progressive (PGR) using performance and risk, profitability, financial strength, growth, dividends, and valuation metrics.

Performance

Cumulative Growth

AFL

PGR

Aflac (AFL) vs. Progressive (PGR): Growth of a $10,000 investment over the past five years. Adjusted for dividends and splits.

Trailing Returns

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Trailing total returns for Aflac (AFL) and Progressive (PGR). Returns over one year are annualized.

Performance at a Glance

Performance metrics for Aflac (AFL) and Progressive (PGR)
Metric	AFL	PGR
1-Year Return	17.23%	-19.42%

Risk

Drawdown

AFL

PGR

Aflac (AFL) vs. Progressive (PGR): Drawdown from the running peak over the past five years. Each line shows the decline from its prior peak; 0% marks a new high.

Risk at a Glance

Risk metrics for Aflac (AFL) and Progressive (PGR)
Metric	AFL	PGR
1-Year Volatility	17.06%	22.51%
Beta	0.60	0.27
3-Month Avg. Volume	2.42M	2.94M

Company Profile

Aflac (AFL) and Progressive (PGR) both belong to the Insurance industry, though AFL is classified under Life & Health Insurance while PGR falls under Property & Casualty Insurance.

Company profile comparison for Aflac (AFL) and Progressive (PGR)
Profile Item	AFL	PGR
Name	Aflac Inc.	Progressive Corporation
Country/Region	United States	United States
GICS Sector	Financials	Financials
GICS Industry Group	Insurance	Insurance
GICS Industry	Insurance	Insurance
GICS Sub-Industry	Life & Health Insurance	Property & Casualty Insurance
Market Capitalization	59.96 billion USD	118.51 billion USD
Currency	USD	USD
Exchange	NYSE	NYSE
Listing Date	March 17, 1980	March 17, 1980
Security Type	Common Stock	Common Stock

Valuation

Price-to-Earnings Ratio (TTM)

Both Aflac (AFL) at 13.46 and Progressive (PGR) at 10.33 land around their industries’ usual P/E ratio levels — neither is getting a clear earnings-multiple discount or premium versus peers.

AFL

Insurance industry group

13.46

Max: 25.24
Q3: 16.46
AFL: 13.46
Median: 12.28
Q1: 8.66
Min: 3.44

PGR

Insurance industry group

10.33

Max: 25.24
Q3: 16.46
Median: 12.28
PGR: 10.33
Q1: 8.66
Min: 3.44

Aflac (AFL) vs. Progressive (PGR): A comparison of their P/E ratio against the Insurance industry group benchmark.

Price-to-Sales Ratio (TTM)

Progressive (PGR) at 1.33 is priced about in line with its industry on P/S ratio, while Aflac (AFL) at 3.31 sits in the pricier quartile — AFL costs more per dollar of sales.

AFL

Insurance industry group

3.31

Max: 3.96
AFL: 3.31
Q3: 2.13
Median: 1.17
Q1: 0.82
Min: 0.13

PGR

Insurance industry group

1.33

Max: 3.96
Q3: 2.13
PGR: 1.33
Median: 1.17
Q1: 0.82
Min: 0.13

Aflac (AFL) vs. Progressive (PGR): A comparison of their P/S ratio against the Insurance industry group benchmark.

Price-to-Book Ratio (MRQ)

Aflac (AFL) at 2.01 is valued about in line with its industry on P/B ratio, while Progressive (PGR) at 3.70 carries an above-peer premium to book — PGR is pricier on assets.

AFL

Insurance industry group

2.01

Max: 3.70
Q3: 2.21
AFL: 2.01
Median: 1.61
Q1: 1.12
Min: -0.14

PGR

Insurance industry group

3.70

PGR: 3.70
Max: 3.70
Q3: 2.21
Median: 1.61
Q1: 1.12
Min: -0.14

Aflac (AFL) vs. Progressive (PGR): A comparison of their P/B ratio against the Insurance industry group benchmark.

Valuation at a Glance

Valuation metrics for Aflac (AFL) and Progressive (PGR)
Metric	AFL	PGR
Price-to-Earnings Ratio (TTM)	13.46	10.33
Price-to-Sales Ratio (TTM)	3.31	1.33
Price-to-Book Ratio (MRQ)	2.01	3.70
Free Cash Flow Yield	--	--

Profitability

Return on Equity (TTM)

Progressive (PGR) at 37.90% sits in the top ROE quartile, while Aflac (AFL) at 16.47% is closer to the peer norm — stronger capital efficiency for PGR.

AFL

Insurance industry group

16.47%

Max: 38.88%
Q3: 22.34%
AFL: 16.47%
Median: 14.13%
Q1: 9.51%
Min: -6.23%

PGR

Insurance industry group

37.90%

Max: 38.88%
PGR: 37.90%
Q3: 22.34%
Median: 14.13%
Q1: 9.51%
Min: -6.23%

Aflac (AFL) vs. Progressive (PGR): A comparison of their ROE against the Insurance industry group benchmark.

Net Profit Margin (TTM)

Aflac (AFL) at 25.60% retains a top-quartile share of revenue as profit, ahead of Progressive (PGR) at 12.93%, which keeps about the industry-typical share.

AFL

Insurance industry group

25.60%

Max: 38.86%
AFL: 25.60%
Q3: 19.36%
Median: 11.07%
Q1: 5.09%
Min: -2.80%

PGR

Insurance industry group

12.93%

Max: 38.86%
Q3: 19.36%
PGR: 12.93%
Median: 11.07%
Q1: 5.09%
Min: -2.80%

Aflac (AFL) vs. Progressive (PGR): A comparison of their net margin against the Insurance industry group benchmark.

Operating Profit Margin (TTM)

Neither side reports a meaningful operating margin: for Aflac (AFL) in Insurance and Progressive (PGR) in Insurance, funding costs are part of the core business, so net margin and ROE are the cleaner profitability reads.

Profitability at a Glance

Profitability metrics for Aflac (AFL) and Progressive (PGR)
Metric	AFL	PGR
Return on Equity (TTM)	16.47%	37.90%
Return on Assets (TTM)	3.09%	7.94%
Net Profit Margin (TTM)	25.60%	12.93%
Operating Profit Margin (TTM)	--	--
Gross Profit Margin (TTM)	--	--

Growth

Revenue Growth

Aflac (AFL) vs. Progressive (PGR): A comparison of their Revenue Growth across different time periods.

Revenue Growth at a Glance

Revenue growth metrics for Aflac (AFL) and Progressive (PGR)
Metric	AFL	PGR
1-Year Revenue Growth	-9.27%	16.32%
3-Year Revenue CAGR	-3.23%	20.90%

EPS Growth

Aflac (AFL) vs. Progressive (PGR): A comparison of their EPS Growth across different time periods.

EPS Growth at a Glance

EPS growth metrics for Aflac (AFL) and Progressive (PGR)
Metric	AFL	PGR
1-Year EPS Growth	-29.18%	33.54%
3-Year EPS CAGR	-0.53%	153.53%

Financial Strength

Current Ratio (MRQ)

current ratio doesn’t apply on either side: Aflac (AFL) in Insurance and Progressive (PGR) in Insurance both report balance sheets without a current/non-current split, so their short-term liquidity is better judged through regulatory and funding measures.

Debt-to-Equity Ratio (MRQ)

debt-to-equity ratio is set aside for both: Aflac (AFL) in Insurance and Progressive (PGR) in Insurance run businesses where balance-sheet leverage is part of the model, so capital-adequacy and funding measures are the better gauges of balance-sheet risk.

Financial Strength at a Glance

Financial strength metrics for Aflac (AFL) and Progressive (PGR)
Metric	AFL	PGR
Current Ratio (MRQ)	--	--
Debt-to-Equity Ratio (MRQ)	--	--
Net Debt / EBITDA	--	--

Dividends

Dividend Yield (TTM)

Aflac (AFL) at 2.07% pays an industry-typical yield; Progressive (PGR) at 6.84% is above its entire peer range — the higher number, but one that calls for a look at payout sustainability before treating it as an advantage.

AFL

Insurance industry group

2.07%

Max: 5.43%
Q3: 2.64%
AFL: 2.07%
Median: 1.35%
Q1: 0.00%
Min: 0.00%

PGR

Insurance industry group

6.84%

PGR: 6.84%
Max: 5.43%
Q3: 2.64%
Median: 1.35%
Q1: 0.00%
Min: 0.00%

Aflac (AFL) vs. Progressive (PGR): A comparison of their dividend yield against the Insurance industry group benchmark.

Dividend Payout Ratio (TTM)

Aflac (AFL) at 26.86% pays out a band-typical share of earnings, while Progressive (PGR) at 70.70% distributes more than its industry norm — less retained, thinner cover.

AFL

Insurance industry group

26.86%

Max: 86.52%
Q3: 35.43%
AFL: 26.86%
Median: 14.92%
Q1: 0.00%
Min: 0.00%

PGR

Insurance industry group

70.70%

Max: 86.52%
PGR: 70.70%
Q3: 35.43%
Median: 14.92%
Q1: 0.00%
Min: 0.00%

Aflac (AFL) vs. Progressive (PGR): A comparison of their payout ratio against the Insurance industry group benchmark.

Dividends at a Glance

Dividend metrics for Aflac (AFL) and Progressive (PGR)
Metric	AFL	PGR
Dividend Yield (TTM)	2.07%	6.84%
Dividend Payout Ratio (TTM)	26.86%	70.70%