CINF vs. PGR: Cincinnati Financial vs. Progressive Stock Comparison

November 11, 2026

How do Cincinnati Financial (CINF) 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

Cincinnati Financial (CINF) 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 Cincinnati Financial (CINF) and Progressive (PGR)
Profile Item	CINF	PGR
Name	Cincinnati Financial Corporation	The Progressive Corporation
Country/Region	United States	United States
GICS Sector	Financials	Financials
GICS Industry Group	Insurance	Insurance
GICS Industry	Insurance	Insurance
GICS Sub-Industry	Property & Casualty Insurance	Property & Casualty Insurance
Market Capitalization	28.47 billion USD	131.96 billion USD
Currency	USD	USD
Exchange	Nasdaq	NYSE
Listing Date	March 17, 1980	March 17, 1980
Security Type	Common Stock	Common Stock

Price Performance

Cumulative Growth

CINF

PGR

GSPC

Cincinnati Financial (CINF) 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 Cincinnati Financial (CINF) and Progressive (PGR). Returns over one year are annualized.

Calendar-Year Returns

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

Performance Metrics

Price performance metrics for Cincinnati Financial (CINF) and Progressive (PGR)
Metric	CINF	PGR
Total Return (1Y)	15.64%	11.71%
Total Return (3Y, Annualized)	26.43%	15.84%
Total Return (5Y, Annualized)	11.17%	21.68%

Risk Profile

Drawdown History

CINF

PGR

GSPC

Cincinnati Financial (CINF) 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 Cincinnati Financial (CINF) and Progressive (PGR). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Risk profile metrics for Cincinnati Financial (CINF) and Progressive (PGR)
Metric	CINF	PGR
Volatility (1Y, Annualized)	20.57%	26.37%
Beta (5Y)	0.46	0.22
Max Drawdown (5Y)	-35.77%	-30.35%
Avg. Volume (3M)	610.21K	2.59M

Risk-Adjusted Performance

Risk-Return Positioning

CINF 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 Cincinnati Financial (CINF) and Progressive (PGR)
Metric	CINF	PGR
Sharpe Ratio (1Y)	0.55	0.28
Sortino Ratio (1Y)	0.80	0.39

Profitability

ROE (TTM)

Progressive (PGR) at 33.24% sits in the top ROE quartile, while Cincinnati Financial (CINF) at 16.87% is closer to the peer norm — stronger capital efficiency for PGR.

CINF

Insurance industry group

16.87%

Max: 41.68%
Q3: 22.04%
CINF: 16.87%
Median: 14.81%
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%

Cincinnati Financial (CINF) vs. Progressive (PGR): A comparison of their ROE against the Insurance industry group benchmark.

Net Margin (TTM)

Cincinnati Financial (CINF) at 20.07% retains a top-quartile share of revenue as profit, ahead of Progressive (PGR) at 12.67%, which keeps about the industry-typical share.

CINF

Insurance industry group

20.07%

Max: 29.92%
CINF: 20.07%
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%

Cincinnati Financial (CINF) 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 Cincinnati Financial (CINF) 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 Cincinnati Financial (CINF) and Progressive (PGR)
Metric	CINF	PGR
ROE (TTM)	16.87%	33.24%
ROA (TTM)	5.03%	7.53%
Net Margin (TTM)	20.07%	12.67%
Operating Margin (TTM)	--	--
Gross Margin (TTM)	--	--

Growth

Revenue Growth

Both Cincinnati Financial (CINF) at 11.41% 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.

Cincinnati Financial (CINF) vs. Progressive (PGR): A comparison of their Revenue Growth across different time periods.

EPS Growth

Both Cincinnati Financial (CINF) at 4.40% 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.

Cincinnati Financial (CINF) vs. Progressive (PGR): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for Cincinnati Financial (CINF) and Progressive (PGR)
Metric	CINF	PGR
Revenue Growth (YoY)	11.41%	16.32%
Revenue Growth (3Y CAGR)	24.39%	20.90%
EPS Growth (YoY)	4.40%	33.54%
EPS Growth (3Y CAGR)	--	153.53%

Financial Strength

Current Ratio (MRQ)

current ratio doesn’t apply on either side: Cincinnati Financial (CINF) 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: Cincinnati Financial (CINF) 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 Cincinnati Financial (CINF) and Progressive (PGR)
Metric	CINF	PGR
Current Ratio (MRQ)	--	--
Debt / Equity (MRQ)	--	--
Net Debt / EBITDA	--	--

Dividends

Dividend Yield (TTM)

Both Cincinnati Financial (CINF) at 1.96% and Progressive (PGR) at 0.17% pay solid, industry-typical yields, sitting squarely within their peers’ usual range.

CINF

Insurance industry group

1.96%

Max: 5.12%
Q3: 2.15%
CINF: 1.96%
Median: 0.98%
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%

Cincinnati Financial (CINF) vs. Progressive (PGR): A comparison of their dividend yield against the Insurance industry group benchmark.

Dividend Payout Ratio (TTM)

Cincinnati Financial (CINF) at 21.65% pays out a band-typical share of earnings, while Progressive (PGR) at 70.03% distributes more than its industry norm — less retained, thinner cover.

CINF

Insurance industry group

21.65%

Max: 76.67%
Q3: 35.18%
CINF: 21.65%
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%

Cincinnati Financial (CINF) vs. Progressive (PGR): A comparison of their payout ratio against the Insurance industry group benchmark.

Dividend Metrics

Dividend metrics for Cincinnati Financial (CINF) and Progressive (PGR)
Metric	CINF	PGR
Dividend Yield (TTM)	1.96%	0.17%
Dividend Payout Ratio (TTM)	21.65%	70.03%

Valuation

P/E Ratio (TTM)

Both Cincinnati Financial (CINF) at 10.88 and Progressive (PGR) at 11.47 land around their industries’ usual P/E ratio levels — neither is getting a clear earnings-multiple discount or premium versus peers.

CINF

Insurance industry group

10.88

Max: 28.37
Q3: 18.75
Median: 12.23
CINF: 10.88
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

Cincinnati Financial (CINF) 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 Cincinnati Financial (CINF) at 2.14 and Progressive (PGR) at 1.44 are priced roughly in line with their industries — neither looks cheap nor rich on a sales basis.

CINF

Insurance industry group

2.14

Max: 4.03
Q3: 2.25
CINF: 2.14
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

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

P/B Ratio (MRQ)

Cincinnati Financial (CINF) at 1.76 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.

CINF

Insurance industry group

1.76

Max: 5.07
Q3: 2.79
CINF: 1.76
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

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

Valuation Metrics

Valuation metrics for Cincinnati Financial (CINF) and Progressive (PGR)
Metric	CINF	PGR
P/E Ratio (TTM)	10.88	11.47
P/S Ratio (TTM)	2.14	1.44
P/B Ratio (MRQ)	1.76	3.82
Free Cash Flow Yield (TTM)	--	--