ERIE vs. PGR: Erie Indemnity vs. Progressive Stock Comparison
How do Erie Indemnity (ERIE) 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
Erie Indemnity (ERIE) 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.
| Profile Item | ERIE | PGR |
|---|---|---|
| Name | Erie Indemnity Company Class A Common Stock | 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 | 14.28 billion USD | 131.96 billion USD |
| Currency | USD | USD |
| Exchange | Nasdaq | NYSE |
| Listing Date | October 2, 1995 | March 17, 1980 |
| Security Type | Common Stock | Common Stock |
Price Performance
Cumulative Growth
Trailing Returns
Calendar-Year Returns
Performance Metrics
| Metric | ERIE | PGR |
|---|---|---|
| Total Return (1Y) | -3.52% | 11.71% |
| Total Return (3Y, Annualized) | 0.54% | 15.84% |
| Total Return (5Y, Annualized) | 5.47% | 21.68% |
Risk Profile
Drawdown History
Return Distribution
Risk Metrics
| Metric | ERIE | PGR |
|---|---|---|
| Volatility (1Y, Annualized) | 38.16% | 26.37% |
| Beta (5Y) | 0.22 | 0.22 |
| Max Drawdown (5Y) | -60.87% | -30.35% |
| Avg. Volume (3M) | 236.89K | 2.59M |
Risk-Adjusted Performance
Risk-Return Positioning
Risk-Adjusted Metrics
| Metric | ERIE | PGR |
|---|---|---|
| Sharpe Ratio (1Y) | -0.20 | 0.28 |
| Sortino Ratio (1Y) | -0.29 | 0.39 |
Profitability
ROE (TTM)
Both Erie Indemnity (ERIE) at 23.70% and Progressive (PGR) at 33.24% sit in the top peer quartile for ROE, suggesting each generates more profit from shareholders’ equity than typical industry peers.
ERIE
Insurance industry group
23.70%
- Max
- 41.68%
- ERIE
- 23.70%
- Q3
- 22.04%
- 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%
Net Margin (TTM)
Both Erie Indemnity (ERIE) at 13.98% and Progressive (PGR) at 12.67% keep about the typical share of revenue as profit for their industries — neither bottom line stands out from peers.
ERIE
Insurance industry group
13.98%
- Max
- 29.92%
- Q3
- 17.03%
- ERIE
- 13.98%
- 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%
Operating Margin (TTM)
Neither side reports a meaningful operating margin: for Erie Indemnity (ERIE) 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 | ERIE | PGR |
|---|---|---|
| ROE (TTM) | 23.70% | 33.24% |
| ROA (TTM) | 13.48% | 7.53% |
| Net Margin (TTM) | 13.98% | 12.67% |
| Operating Margin (TTM) | -- | -- |
| Gross Margin (TTM) | -- | -- |
Growth
Revenue Growth
Both Erie Indemnity (ERIE) at 7.41% 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.
EPS Growth
Both Erie Indemnity (ERIE) at -6.88% 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.
Growth Metrics
| Metric | ERIE | PGR |
|---|---|---|
| Revenue Growth (YoY) | 7.41% | 16.32% |
| Revenue Growth (3Y CAGR) | 13.32% | 20.90% |
| EPS Growth (YoY) | -6.88% | 33.54% |
| EPS Growth (3Y CAGR) | 23.25% | 153.53% |
Financial Strength
Current Ratio (MRQ)
current ratio doesn’t apply on either side: Erie Indemnity (ERIE) 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: Erie Indemnity (ERIE) 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 | ERIE | PGR |
|---|---|---|
| Current Ratio (MRQ) | -- | -- |
| Debt / Equity (MRQ) | -- | -- |
| Net Debt / EBITDA | -- | -- |
Dividends
Dividend Yield (TTM)
Both Erie Indemnity (ERIE) at 2.05% and Progressive (PGR) at 0.17% pay solid, industry-typical yields, sitting squarely within their peers’ usual range.
ERIE
Insurance industry group
2.05%
- Max
- 5.12%
- Q3
- 2.15%
- ERIE
- 2.05%
- 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%
Dividend Payout Ratio (TTM)
Both Erie Indemnity (ERIE) at 53.13% and Progressive (PGR) at 70.03% pay out an above-typical share of earnings for their industries, leaving thinner cover if profits dip.
ERIE
Insurance industry group
53.13%
- Max
- 76.67%
- ERIE
- 53.13%
- Q3
- 35.18%
- 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%
Dividend Metrics
| Metric | ERIE | PGR |
|---|---|---|
| Dividend Yield (TTM) | 2.05% | 0.17% |
| Dividend Payout Ratio (TTM) | 53.13% | 70.03% |
Valuation
P/E Ratio (TTM)
Progressive (PGR) at 11.47 is near its industry’s usual P/E ratio, while Erie Indemnity (ERIE) at 24.80 sits in the richer quartile — ERIE needs stronger growth or earnings quality to justify the premium.
ERIE
Insurance industry group
24.80
- Max
- 28.37
- ERIE
- 24.80
- 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
P/S Ratio (TTM)
Progressive (PGR) at 1.44 is priced about in line with its industry on P/S ratio, while Erie Indemnity (ERIE) at 3.46 sits in the pricier quartile — ERIE costs more per dollar of sales.
ERIE
Insurance industry group
3.46
- Max
- 4.03
- ERIE
- 3.46
- 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
P/B Ratio (MRQ)
Both look rich against book: Progressive (PGR) at 3.82 sits in the upper P/B ratio quartile, and Erie Indemnity (ERIE) at 5.59 prices even higher, above its industry range.
ERIE
Insurance industry group
5.59
- ERIE
- 5.59
- Max
- 5.07
- Q3
- 2.79
- 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
Valuation Metrics
| Metric | ERIE | PGR |
|---|---|---|
| P/E Ratio (TTM) | 24.80 | 11.47 |
| P/S Ratio (TTM) | 3.46 | 1.44 |
| P/B Ratio (MRQ) | 5.59 | 3.82 |
| Free Cash Flow Yield (TTM) | -- | -- |