L vs. PGR: Loews vs. Progressive Stock Comparison

November 11, 2026

How do Loews (L) 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

Loews (L) 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 Loews (L) and Progressive (PGR)
Profile Item	L	PGR
Name	Loews Corp.	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	22.19 billion USD	131.96 billion USD
Currency	USD	USD
Exchange	NYSE	NYSE
Listing Date	March 17, 1980	March 17, 1980
Security Type	Common Stock	Common Stock

Price Performance

Cumulative Growth

PGR

GSPC

Loews (L) 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 Loews (L) and Progressive (PGR). Returns over one year are annualized.

Calendar-Year Returns

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

Performance Metrics

Price performance metrics for Loews (L) and Progressive (PGR)
Metric	L	PGR
Total Return (1Y)	7.24%	11.71%
Total Return (3Y, Annualized)	19.27%	15.84%
Total Return (5Y, Annualized)	14.13%	21.68%

Risk Profile

Drawdown History

PGR

GSPC

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

Risk Metrics

Risk profile metrics for Loews (L) and Progressive (PGR)
Metric	L	PGR
Volatility (1Y, Annualized)	16.13%	26.37%
Beta (5Y)	0.49	0.22
Max Drawdown (5Y)	-26.11%	-30.35%
Avg. Volume (3M)	805.54K	2.59M

Risk-Adjusted Performance

Risk-Return Positioning

L 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 Loews (L) and Progressive (PGR)
Metric	L	PGR
Sharpe Ratio (1Y)	0.18	0.28
Sortino Ratio (1Y)	0.26	0.39

Profitability

ROE (TTM)

Progressive (PGR) at 33.24% sits in the top ROE quartile, while Loews (L) at 8.21% is in the bottom quartile, showing a clear gap in returns on equity.

L

Insurance industry group

8.21%

Max: 41.68%
Q3: 22.04%
Median: 14.81%
Q1: 8.79%
L: 8.21%
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%

Loews (L) vs. Progressive (PGR): A comparison of their ROE against the Insurance industry group benchmark.

Net Margin (TTM)

Both Loews (L) at 7.93% 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.

L

Insurance industry group

7.93%

Max: 29.92%
Q3: 17.03%
Median: 10.97%
L: 7.93%
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%

Loews (L) 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 Loews (L) 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 Loews (L) and Progressive (PGR)
Metric	L	PGR
ROE (TTM)	8.21%	33.24%
ROA (TTM)	1.71%	7.53%
Net Margin (TTM)	7.93%	12.67%
Operating Margin (TTM)	--	--
Gross Margin (TTM)	--	--

Growth

Revenue Growth

Both Loews (L) at 5.44% 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.

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

EPS Growth

Both Loews (L) at 24.34% 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.

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

Growth Metrics

Growth metrics for Loews (L) and Progressive (PGR)
Metric	L	PGR
Revenue Growth (YoY)	5.44%	16.32%
Revenue Growth (3Y CAGR)	8.96%	20.90%
EPS Growth (YoY)	24.34%	33.54%
EPS Growth (3Y CAGR)	33.10%	153.53%

Financial Strength

Current Ratio (MRQ)

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

Dividends

Dividend Yield (TTM)

Both Loews (L) at 0.23% and Progressive (PGR) at 0.17% pay solid, industry-typical yields, sitting squarely within their peers’ usual range.

L

Insurance industry group

0.23%

Max: 5.12%
Q3: 2.15%
Median: 0.98%
L: 0.23%
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%

Loews (L) vs. Progressive (PGR): A comparison of their dividend yield against the Insurance industry group benchmark.

Dividend Payout Ratio (TTM)

Loews (L) at 3.46% pays out a band-typical share of earnings, while Progressive (PGR) at 70.03% distributes more than its industry norm — less retained, thinner cover.

L

Insurance industry group

3.46%

Max: 76.67%
Q3: 35.18%
Median: 14.74%
L: 3.46%
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%

Loews (L) vs. Progressive (PGR): A comparison of their payout ratio against the Insurance industry group benchmark.

Dividend Metrics

Dividend metrics for Loews (L) and Progressive (PGR)
Metric	L	PGR
Dividend Yield (TTM)	0.23%	0.17%
Dividend Payout Ratio (TTM)	3.46%	70.03%

Valuation

P/E Ratio (TTM)

Both Loews (L) at 15.17 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.

L

Insurance industry group

15.17

Max: 28.37
Q3: 18.75
L: 15.17
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

Loews (L) 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 Loews (L) at 1.18 and Progressive (PGR) at 1.44 are priced roughly in line with their industries — neither looks cheap nor rich on a sales basis.

L

Insurance industry group

1.18

Max: 4.03
Q3: 2.25
Median: 1.23
L: 1.18
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

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

P/B Ratio (MRQ)

Loews (L) at 1.22 looks cheap against book in the lower P/B ratio quartile, while Progressive (PGR) at 3.82 carries a premium in the upper quartile — a clear price-to-book gap.

L

Insurance industry group

1.22

Max: 5.07
Q3: 2.79
Median: 1.76
Q1: 1.23
L: 1.22
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

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

Valuation Metrics

Valuation metrics for Loews (L) and Progressive (PGR)
Metric	L	PGR
P/E Ratio (TTM)	15.17	11.47
P/S Ratio (TTM)	1.18	1.44
P/B Ratio (MRQ)	1.22	3.82
Free Cash Flow Yield (TTM)	--	--