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BRO vs. PGR: Brown & Brown vs. Progressive Stock Comparison

How do Brown & Brown (BRO) 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

Brown & Brown (BRO) and Progressive (PGR) both belong to the Insurance industry, though BRO is classified under Insurance Brokers while PGR falls under Property & Casualty Insurance.

Company profile comparison for Brown & Brown (BRO) and Progressive (PGR)
Profile ItemBROPGR
NameBrown & Brown Inc.The Progressive Corporation
Country/RegionUnited StatesUnited States
GICS SectorFinancialsFinancials
GICS Industry GroupInsuranceInsurance
GICS IndustryInsuranceInsurance
GICS Sub-IndustryInsurance BrokersProperty & Casualty Insurance
Market Capitalization23.92 billion USD131.96 billion USD
CurrencyUSDUSD
ExchangeNYSENYSE
Listing DateFebruary 11, 1981March 17, 1980
Security TypeCommon StockCommon Stock

Price Performance

Cumulative Growth

BRO
PGR
GSPC
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Brown & Brown (BRO) 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 Brown & Brown (BRO) and Progressive (PGR). Returns over one year are annualized.

Calendar-Year Returns

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

Performance Metrics

Price performance metrics for Brown & Brown (BRO) and Progressive (PGR)
MetricBROPGR
Total Return (1Y)-8.59%11.71%
Total Return (3Y, Annualized)0.40%15.84%
Total Return (5Y, Annualized)3.19%21.68%

Risk Profile

Drawdown History

BRO
PGR
GSPC
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Brown & Brown (BRO) 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 Brown & Brown (BRO) and Progressive (PGR). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Risk profile metrics for Brown & Brown (BRO) and Progressive (PGR)
MetricBROPGR
Volatility (1Y, Annualized)32.50%26.37%
Beta (5Y)0.510.22
Max Drawdown (5Y)-55.85%-30.35%
Avg. Volume (3M)2.25M2.59M

Risk-Adjusted Performance

Risk-Return Positioning

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BRO 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 Brown & Brown (BRO) and Progressive (PGR)
MetricBROPGR
Sharpe Ratio (1Y)-0.400.28
Sortino Ratio (1Y)-0.570.39

Profitability

ROE (TTM)

Progressive (PGR) at 33.24% sits in the top ROE quartile, while Brown & Brown (BRO) at 9.80% is closer to the peer norm — stronger capital efficiency for PGR.

BRO

Insurance industry group

9.80%

Max
41.68%
Q3
22.04%
Median
14.81%
BRO
9.80%
Q1
8.79%
Min
-10.66%

PGR

Insurance industry group

33.24%

Max
41.68%
PGR
33.24%
Q3
22.04%
Median
14.81%
Q1
8.79%
Min
-10.66%
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Brown & Brown (BRO) vs. Progressive (PGR): A comparison of their ROE against the Insurance industry group benchmark.

Net Margin (TTM)

Brown & Brown (BRO) at 17.88% retains a top-quartile share of revenue as profit, ahead of Progressive (PGR) at 12.67%, which keeps about the industry-typical share.

BRO

Insurance industry group

17.88%

Max
29.92%
BRO
17.88%
Q3
17.03%
Median
10.97%
Q1
6.21%
Min
-4.68%

PGR

Insurance industry group

12.67%

Max
29.92%
Q3
17.03%
PGR
12.67%
Median
10.97%
Q1
6.21%
Min
-4.68%
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Brown & Brown (BRO) 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 Brown & Brown (BRO) 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 Brown & Brown (BRO) and Progressive (PGR)
MetricBROPGR
ROE (TTM)9.80%33.24%
ROA (TTM)3.89%7.53%
Net Margin (TTM)17.88%12.67%
Operating Margin (TTM)----
Gross Margin (TTM)----

Growth

Revenue Growth

Brown & Brown (BRO) at 22.49% sits in the top revenue growth quartile, while Progressive (PGR) at 16.32% is closer to the peer norm — faster top-line expansion for BRO.

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Brown & Brown (BRO) vs. Progressive (PGR): A comparison of their Revenue Growth across different time periods.

EPS Growth

Both Brown & Brown (BRO) at -8.67% and Progressive (PGR) at 33.54% land near their industries' usual EPS growth ranges, so bottom-line momentum looks broadly in line with peers on both sides.

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Brown & Brown (BRO) vs. Progressive (PGR): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for Brown & Brown (BRO) and Progressive (PGR)
MetricBROPGR
Revenue Growth (YoY)22.49%16.32%
Revenue Growth (3Y CAGR)17.38%20.90%
EPS Growth (YoY)-8.67%33.54%
EPS Growth (3Y CAGR)10.06%153.53%

Financial Strength

Current Ratio (MRQ)

current ratio doesn’t apply on either side: Brown & Brown (BRO) 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: Brown & Brown (BRO) 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 Brown & Brown (BRO) and Progressive (PGR)
MetricBROPGR
Current Ratio (MRQ)----
Debt / Equity (MRQ)----
Net Debt / EBITDA----

Dividends

Dividend Yield (TTM)

Both Brown & Brown (BRO) at 0.89% and Progressive (PGR) at 0.17% pay solid, industry-typical yields, sitting squarely within their peers’ usual range.

BRO

Insurance industry group

0.89%

Max
5.12%
Q3
2.15%
Median
0.98%
BRO
0.89%
Q1
0.00%
Min
0.00%

PGR

Insurance industry group

0.17%

Max
5.12%
Q3
2.15%
Median
0.98%
PGR
0.17%
Q1
0.00%
Min
0.00%
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Brown & Brown (BRO) vs. Progressive (PGR): A comparison of their dividend yield against the Insurance industry group benchmark.

Dividend Payout Ratio (TTM)

Brown & Brown (BRO) at 20.89% pays out a band-typical share of earnings, while Progressive (PGR) at 70.03% distributes more than its industry norm — less retained, thinner cover.

BRO

Insurance industry group

20.89%

Max
76.67%
Q3
35.18%
BRO
20.89%
Median
14.74%
Q1
0.00%
Min
0.00%

PGR

Insurance industry group

70.03%

Max
76.67%
PGR
70.03%
Q3
35.18%
Median
14.74%
Q1
0.00%
Min
0.00%
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Brown & Brown (BRO) vs. Progressive (PGR): A comparison of their payout ratio against the Insurance industry group benchmark.

Dividend Metrics

Dividend metrics for Brown & Brown (BRO) and Progressive (PGR)
MetricBROPGR
Dividend Yield (TTM)0.89%0.17%
Dividend Payout Ratio (TTM)20.89%70.03%

Valuation

P/E Ratio (TTM)

Progressive (PGR) at 11.47 is near its industry’s usual P/E ratio, while Brown & Brown (BRO) at 22.82 sits in the richer quartile — BRO needs stronger growth or earnings quality to justify the premium.

BRO

Insurance industry group

22.82

Max
28.37
BRO
22.82
Q3
18.75
Median
12.23
Q1
9.08
Min
2.32

PGR

Insurance industry group

11.47

Max
28.37
Q3
18.75
Median
12.23
PGR
11.47
Q1
9.08
Min
2.32
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Brown & Brown (BRO) vs. Progressive (PGR): A comparison of their P/E ratio against the Insurance industry group benchmark.

P/S Ratio (TTM)

Progressive (PGR) at 1.44 is priced about in line with its industry on P/S ratio, while Brown & Brown (BRO) at 3.51 sits in the pricier quartile — BRO costs more per dollar of sales.

BRO

Insurance industry group

3.51

Max
4.03
BRO
3.51
Q3
2.25
Median
1.23
Q1
0.85
Min
0.07

PGR

Insurance industry group

1.44

Max
4.03
Q3
2.25
PGR
1.44
Median
1.23
Q1
0.85
Min
0.07
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Brown & Brown (BRO) vs. Progressive (PGR): A comparison of their P/S ratio against the Insurance industry group benchmark.

P/B Ratio (MRQ)

Brown & Brown (BRO) at 1.87 is valued about in line with its industry on P/B ratio, while Progressive (PGR) at 3.82 carries an above-peer premium to book — PGR is pricier on assets.

BRO

Insurance industry group

1.87

Max
5.07
Q3
2.79
BRO
1.87
Median
1.76
Q1
1.23
Min
0.30

PGR

Insurance industry group

3.82

Max
5.07
PGR
3.82
Q3
2.79
Median
1.76
Q1
1.23
Min
0.30
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Brown & Brown (BRO) vs. Progressive (PGR): A comparison of their P/B ratio against the Insurance industry group benchmark.

Valuation Metrics

Valuation metrics for Brown & Brown (BRO) and Progressive (PGR)
MetricBROPGR
P/E Ratio (TTM)22.8211.47
P/S Ratio (TTM)3.511.44
P/B Ratio (MRQ)1.873.82
Free Cash Flow Yield (TTM)----