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ALL vs. PGR: Allstate vs. Progressive Stock Comparison

How do Allstate (ALL) and Progressive (PGR) stack up? This page sets them side by side across company profile, performance and risk, profitability, growth, financial strength, dividends, and valuation, with selected fundamentals also measured against each stock's industry-group peers.

Company Profile

Allstate (ALL) and Progressive (PGR) are both classified in the Property & Casualty Insurance sub-industry within the broader Insurance industry, placing them in the closest GICS peer bucket.

Company profile comparison for Allstate (ALL) and Progressive (PGR)
Profile ItemALLPGR
NameAllstate CorporationProgressive Corporation
Country/RegionUnited StatesUnited States
GICS SectorFinancialsFinancials
GICS Industry GroupInsuranceInsurance
GICS IndustryInsuranceInsurance
GICS Sub-IndustryProperty & Casualty InsuranceProperty & Casualty Insurance
Market Capitalization64.80 billion USD119.71 billion USD
CurrencyUSDUSD
ExchangeNYSENYSE
Listing DateJune 3, 1993March 17, 1980
Security TypeCommon StockCommon Stock

Price Performance

Cumulative Growth

ALL
PGR
GSPC
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Allstate (ALL) vs. Progressive (PGR), with S&P 500 (GSPC) for reference: 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 Allstate (ALL) and Progressive (PGR). Returns over one year are annualized.

Calendar-Year Returns

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Calendar-year total returns for Allstate (ALL) and Progressive (PGR). Each bar is that year's total return, measured year-end to year-end.

Performance Metrics

Price performance metrics for Allstate (ALL) and Progressive (PGR)
MetricALLPGR
Total Return (1Y)33.12%-10.55%
Total Return (3Y, Annualized)34.35%21.89%
Total Return (5Y, Annualized)17.12%19.61%

Risk Profile

Drawdown History

ALL
PGR
GSPC
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Allstate (ALL) vs. Progressive (PGR), with S&P 500 (GSPC) for reference: Drawdown from the running peak over the past five years. Each line shows the decline from its prior peak; 0% marks a new high.

Return Distribution

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Distribution of monthly total returns for Allstate (ALL) and Progressive (PGR). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Risk profile metrics for Allstate (ALL) and Progressive (PGR)
MetricALLPGR
Volatility (1Y, Annualized)24.54%25.51%
Beta (5Y)0.160.27
Max Drawdown (5Y)-27.35%-30.35%
Avg. Volume (3M)1.75M3.25M

Risk-Adjusted Performance

Risk-Return Positioning

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ALL and PGR are plotted by 1-year volatility (risk) and 1-year return. The dashed Capital Allocation Line runs from the risk-free rate through the shared industry median.

Risk-Adjusted Metrics

Risk-adjusted metrics for Allstate (ALL) and Progressive (PGR)
MetricALLPGR
Sharpe Ratio (1Y)1.19-0.57
Sortino Ratio (1Y)1.74-0.75

Profitability

ROE (TTM)

Both companies show strong equity returns, but Allstate (ALL) at 45.22% is the standout with ROE above its industry range; Progressive (PGR) at 34.94% also sits in the top quartile.

ALL

Insurance industry group

45.22%

ALL
45.22%
Max
38.88%
Q3
22.63%
Median
14.77%
Q1
9.95%
Min
-6.23%

PGR

Insurance industry group

34.94%

Max
38.88%
PGR
34.94%
Q3
22.63%
Median
14.77%
Q1
9.95%
Min
-6.23%
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Allstate (ALL) vs. Progressive (PGR): A comparison of their ROE against the Insurance industry group benchmark.

Net Margin (TTM)

Both Allstate (ALL) at 17.81% and Progressive (PGR) at 12.85% keep about the typical share of revenue as profit for their industries — neither bottom line stands out from peers.

ALL

Insurance industry group

17.81%

Max
38.86%
Q3
19.36%
ALL
17.81%
Median
11.21%
Q1
5.05%
Min
-2.80%

PGR

Insurance industry group

12.85%

Max
38.86%
Q3
19.36%
PGR
12.85%
Median
11.21%
Q1
5.05%
Min
-2.80%
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Allstate (ALL) vs. Progressive (PGR): A comparison of their net margin against the Insurance industry group benchmark.

Operating Margin (TTM)

Neither side reports a meaningful operating margin: for Allstate (ALL) 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 Metrics

Profitability metrics for Allstate (ALL) and Progressive (PGR)
MetricALLPGR
ROE (TTM)45.22%34.94%
ROA (TTM)7.52%7.84%
Net Margin (TTM)17.81%12.85%
Operating Margin (TTM)----
Gross Margin (TTM)----

Growth

Revenue Growth

Both Allstate (ALL) at 5.60% and Progressive (PGR) at 16.32% land near their industries' usual revenue growth ranges, so top-line momentum looks broadly in line with peers on both sides.

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

EPS Growth

Allstate (ALL) at 124.01% sits in the top EPS growth quartile, while Progressive (PGR) at 33.54% is closer to the peer norm — faster per-share earnings growth for ALL.

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

Growth Metrics

Growth metrics for Allstate (ALL) and Progressive (PGR)
MetricALLPGR
Revenue Growth (YoY)5.60%16.32%
Revenue Growth (3Y CAGR)9.84%20.90%
EPS Growth (YoY)124.01%33.54%
EPS Growth (3Y CAGR)--153.53%

Financial Strength

Current Ratio (MRQ)

current ratio doesn’t apply on either side: Allstate (ALL) 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 / Equity (MRQ)

debt-to-equity ratio is set aside for both: Allstate (ALL) 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 Metrics

Financial strength metrics for Allstate (ALL) and Progressive (PGR)
MetricALLPGR
Current Ratio (MRQ)----
Debt / Equity (MRQ)----
Net Debt / EBITDA----

Dividends

Dividend Yield (TTM)

Both Allstate (ALL) at 1.61% and Progressive (PGR) at 0.09% pay solid, industry-typical yields, sitting squarely within their peers’ usual range.

ALL

Insurance industry group

1.61%

Max
5.19%
Q3
2.46%
ALL
1.61%
Median
1.13%
Q1
0.00%
Min
0.00%

PGR

Insurance industry group

0.09%

Max
5.19%
Q3
2.46%
Median
1.13%
PGR
0.09%
Q1
0.00%
Min
0.00%
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Allstate (ALL) vs. Progressive (PGR): A comparison of their dividend yield against the Insurance industry group benchmark.

Dividend Payout Ratio (TTM)

Allstate (ALL) at 9.03% pays out a band-typical share of earnings, while Progressive (PGR) at 69.74% distributes more than its industry norm — less retained, thinner cover.

ALL

Insurance industry group

9.03%

Max
86.52%
Q3
35.84%
Median
15.02%
ALL
9.03%
Q1
0.00%
Min
0.00%

PGR

Insurance industry group

69.74%

Max
86.52%
PGR
69.74%
Q3
35.84%
Median
15.02%
Q1
0.00%
Min
0.00%
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Allstate (ALL) vs. Progressive (PGR): A comparison of their payout ratio against the Insurance industry group benchmark.

Dividend Metrics

Dividend metrics for Allstate (ALL) and Progressive (PGR)
MetricALLPGR
Dividend Yield (TTM)1.61%0.09%
Dividend Payout Ratio (TTM)9.03%69.74%

Valuation

P/E Ratio (TTM)

Allstate (ALL) at 5.62 sits in the cheaper P/E ratio quartile, while Progressive (PGR) at 10.65 is closer to its industry’s usual earnings multiple — a discount for ALL, though growth and earnings durability still matter.

ALL

Insurance industry group

5.62

Max
30.58
Q3
17.84
Median
13.24
Q1
9.20
ALL
5.62
Min
3.32

PGR

Insurance industry group

10.65

Max
30.58
Q3
17.84
Median
13.24
PGR
10.65
Q1
9.20
Min
3.32
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Allstate (ALL) vs. Progressive (PGR): A comparison of their P/E ratio against the Insurance industry group benchmark.

P/S Ratio (TTM)

On P/S ratio, both Allstate (ALL) at 0.95 and Progressive (PGR) at 1.32 are priced roughly in line with their industries — neither looks cheap nor rich on a sales basis.

ALL

Insurance industry group

0.95

Max
4.61
Q3
2.41
Median
1.30
ALL
0.95
Q1
0.91
Min
0.10

PGR

Insurance industry group

1.32

Max
4.61
Q3
2.41
PGR
1.32
Median
1.30
Q1
0.91
Min
0.10
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Allstate (ALL) vs. Progressive (PGR): A comparison of their P/S ratio against the Insurance industry group benchmark.

P/B Ratio (MRQ)

Allstate (ALL) at 2.19 is valued about in line with its industry on P/B ratio, while Progressive (PGR) at 3.49 carries an above-peer premium to book — PGR is pricier on assets.

ALL

Insurance industry group

2.19

Max
4.80
Q3
2.68
ALL
2.19
Median
1.83
Q1
1.26
Min
-0.14

PGR

Insurance industry group

3.49

Max
4.80
PGR
3.49
Q3
2.68
Median
1.83
Q1
1.26
Min
-0.14
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Allstate (ALL) vs. Progressive (PGR): A comparison of their P/B ratio against the Insurance industry group benchmark.

Valuation Metrics

Valuation metrics for Allstate (ALL) and Progressive (PGR)
MetricALLPGR
P/E Ratio (TTM)5.6210.65
P/S Ratio (TTM)0.951.32
P/B Ratio (MRQ)2.193.49
Free Cash Flow Yield (TTM)----