AON vs. PGR: Aon vs. Progressive Stock Comparison
How do Aon (AON) 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
Aon (AON) and Progressive (PGR) both belong to the Insurance industry, though AON is classified under Insurance Brokers while PGR falls under Property & Casualty Insurance.
| Profile Item | AON | PGR |
|---|---|---|
| Name | Aon plc | Progressive Corporation |
| Country/Region | Ireland | United States |
| GICS Sector | Financials | Financials |
| GICS Industry Group | Insurance | Insurance |
| GICS Industry | Insurance | Insurance |
| GICS Sub-Industry | Insurance Brokers | Property & Casualty Insurance |
| Market Capitalization | 70.84 billion USD | 127.18 billion USD |
| Currency | USD | USD |
| Exchange | NYSE | NYSE |
| Listing Date | June 2, 1980 | March 17, 1980 |
| Security Type | Common Stock | Common Stock |
Price Performance
Cumulative Growth
Trailing Returns
Performance Metrics
| Metric | AON | PGR |
|---|---|---|
| Total Return (1Y) | -6.59% | -12.83% |
Risk Profile
Drawdown History
Risk Metrics
| Metric | AON | PGR |
|---|---|---|
| Volatility (1Y, Annualized) | 24.34% | 23.25% |
| Beta (5Y) | 0.71 | 0.26 |
| Avg. Volume (3M) | 1.56M | 3.13M |
Risk-Adjusted Performance
Risk-Return Positioning
Profitability
ROE (TTM)
Both companies show strong equity returns, but Aon (AON) at 46.45% is the standout with ROE above its industry range; Progressive (PGR) at 37.90% also sits in the top quartile.
AON
Insurance industry group
46.45%
- AON
- 46.45%
- Max
- 38.88%
- Q3
- 22.53%
- Median
- 14.77%
- Q1
- 9.91%
- Min
- -6.23%
PGR
Insurance industry group
37.90%
- Max
- 38.88%
- PGR
- 37.90%
- Q3
- 22.53%
- Median
- 14.77%
- Q1
- 9.91%
- Min
- -6.23%
Net Margin (TTM)
Aon (AON) at 22.54% retains a top-quartile share of revenue as profit, ahead of Progressive (PGR) at 12.93%, which keeps about the industry-typical share.
AON
Insurance industry group
22.54%
- Max
- 38.86%
- AON
- 22.54%
- 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%
Operating Margin (TTM)
Neither side reports a meaningful operating margin: for Aon (AON) 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
| Metric | AON | PGR |
|---|---|---|
| ROE (TTM) | 46.45% | 37.90% |
| ROA (TTM) | 6.05% | 7.94% |
| Net Margin (TTM) | 22.54% | 12.93% |
| Operating Margin (TTM) | -- | -- |
| Gross Margin (TTM) | -- | -- |
Growth
Revenue Growth
Revenue Growth Metrics
| Metric | AON | PGR |
|---|---|---|
| Revenue Growth (YoY) | 9.45% | 16.32% |
| Revenue Growth (3Y CAGR) | 11.25% | 20.90% |
EPS Growth
EPS Growth Metrics
| Metric | AON | PGR |
|---|---|---|
| EPS Growth (YoY) | 36.27% | 33.54% |
| EPS Growth (3Y CAGR) | 11.92% | 153.53% |
Financial Strength
Current Ratio (MRQ)
current ratio doesn’t apply on either side: Aon (AON) 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: Aon (AON) 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
| Metric | AON | PGR |
|---|---|---|
| Current Ratio (MRQ) | -- | -- |
| Debt / Equity (MRQ) | -- | -- |
| Net Debt / EBITDA | -- | -- |
Dividends
Dividend Yield (TTM)
Both Aon (AON) at 0.91% and Progressive (PGR) at 0.18% pay solid, industry-typical yields, sitting squarely within their peers’ usual range.
AON
Insurance industry group
0.91%
- Max
- 5.58%
- Q3
- 2.46%
- Median
- 1.18%
- AON
- 0.91%
- Q1
- 0.00%
- Min
- 0.00%
PGR
Insurance industry group
0.18%
- Max
- 5.58%
- Q3
- 2.46%
- Median
- 1.18%
- PGR
- 0.18%
- Q1
- 0.00%
- Min
- 0.00%
Dividend Payout Ratio (TTM)
Aon (AON) at 16.36% pays out a band-typical share of earnings, while Progressive (PGR) at 70.70% distributes more than its industry norm — less retained, thinner cover.
AON
Insurance industry group
16.36%
- Max
- 86.52%
- Q3
- 35.43%
- AON
- 16.36%
- 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%
Dividend Metrics
| Metric | AON | PGR |
|---|---|---|
| Dividend Yield (TTM) | 0.91% | 0.18% |
| Dividend Payout Ratio (TTM) | 16.36% | 70.70% |
Valuation
P/E Ratio (TTM)
Progressive (PGR) at 11.11 is near its industry’s usual P/E ratio, while Aon (AON) at 18.21 sits in the richer quartile — AON needs stronger growth or earnings quality to justify the premium.
AON
Insurance industry group
18.21
- Max
- 28.97
- AON
- 18.21
- Q3
- 17.55
- Median
- 13.05
- Q1
- 8.85
- Min
- 3.65
PGR
Insurance industry group
11.11
- Max
- 28.97
- Q3
- 17.55
- Median
- 13.05
- PGR
- 11.11
- Q1
- 8.85
- Min
- 3.65
P/S Ratio (TTM)
Progressive (PGR) at 1.42 is priced about in line with its industry on P/S ratio, while Aon (AON) at 4.05 sits in the pricier quartile — AON costs more per dollar of sales.
AON
Insurance industry group
4.05
- Max
- 4.36
- AON
- 4.05
- Q3
- 2.32
- Median
- 1.25
- Q1
- 0.86
- Min
- 0.09
PGR
Insurance industry group
1.42
- Max
- 4.36
- Q3
- 2.32
- PGR
- 1.42
- Median
- 1.25
- Q1
- 0.86
- Min
- 0.09
P/B Ratio (MRQ)
Both look rich against book: Progressive (PGR) at 3.98 sits in the upper P/B ratio quartile, and Aon (AON) at 7.20 prices even higher, above its industry range.
AON
Insurance industry group
7.20
- AON
- 7.20
- Max
- 3.98
- Q3
- 2.56
- Median
- 1.75
- Q1
- 1.21
- Min
- -0.15
PGR
Insurance industry group
3.98
- PGR
- 3.98
- Max
- 3.98
- Q3
- 2.56
- Median
- 1.75
- Q1
- 1.21
- Min
- -0.15
Valuation Metrics
| Metric | AON | PGR |
|---|---|---|
| P/E Ratio (TTM) | 18.21 | 11.11 |
| P/S Ratio (TTM) | 4.05 | 1.42 |
| P/B Ratio (MRQ) | 7.20 | 3.98 |
| Free Cash Flow Yield (TTM) | -- | -- |