MET vs. PGR: MetLife vs. Progressive Stock Comparison

September 24, 2026

How do MetLife (MET) 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

MetLife (MET) and Progressive (PGR) both belong to the Insurance industry, though MET is classified under Life & Health Insurance while PGR falls under Property & Casualty Insurance.

Company profile comparison for MetLife (MET) and Progressive (PGR)
Profile Item	MET	PGR
Name	MetLife, Inc.	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	Life & Health Insurance	Property & Casualty Insurance
Market Capitalization	60.95 billion USD	120.11 billion USD
Currency	USD	USD
Exchange	NYSE	NYSE
Listing Date	April 5, 2000	March 17, 1980
Security Type	Common Stock	Common Stock

Price Performance

Cumulative Growth

MET

PGR

GSPC

MetLife (MET) 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 MetLife (MET) and Progressive (PGR). Returns over one year are annualized.

Calendar-Year Returns

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

Performance Metrics

Price performance metrics for MetLife (MET) and Progressive (PGR)
Metric	MET	PGR
Total Return (1Y)	25.57%	-6.73%
Total Return (3Y, Annualized)	17.75%	17.70%
Total Return (5Y, Annualized)	13.95%	20.84%

Risk Profile

Drawdown History

MET

PGR

GSPC

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

Risk Metrics

Risk profile metrics for MetLife (MET) and Progressive (PGR)
Metric	MET	PGR
Volatility (1Y, Annualized)	23.59%	26.52%
Beta (5Y)	0.78	0.24
Max Drawdown (5Y)	-35.09%	-30.35%
Avg. Volume (3M)	3.45M	2.78M

Risk-Adjusted Performance

Risk-Return Positioning

MET 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 MetLife (MET) and Progressive (PGR)
Metric	MET	PGR
Sharpe Ratio (1Y)	0.90	-0.42
Sortino Ratio (1Y)	1.28	-0.57

Profitability

ROE (TTM)

Progressive (PGR) at 34.94% sits in the top ROE quartile, while MetLife (MET) at 13.09% is closer to the peer norm — stronger capital efficiency for PGR.

MET

Insurance industry group

13.09%

Max: 38.99%
Q3: 22.13%
Median: 15.10%
MET: 13.09%
Q1: 10.16%
Min: -3.97%

PGR

Insurance industry group

34.94%

Max: 38.99%
PGR: 34.94%
Q3: 22.13%
Median: 15.10%
Q1: 10.16%
Min: -3.97%

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

Net Margin (TTM)

Progressive (PGR) at 12.85% keeps about the industry-typical share of revenue as profit, while MetLife (MET) at 4.57% retains only a bottom-quartile share.

MET

Insurance industry group

4.57%

Max: 37.68%
Q3: 19.27%
Median: 11.38%
Q1: 5.91%
MET: 4.57%
Min: -10.79%

PGR

Insurance industry group

12.85%

Max: 37.68%
Q3: 19.27%
PGR: 12.85%
Median: 11.38%
Q1: 5.91%
Min: -10.79%

MetLife (MET) 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 MetLife (MET) 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 MetLife (MET) and Progressive (PGR)
Metric	MET	PGR
ROE (TTM)	13.09%	34.94%
ROA (TTM)	0.45%	7.84%
Net Margin (TTM)	4.57%	12.85%
Operating Margin (TTM)	--	--
Gross Margin (TTM)	--	--

Growth

Revenue Growth

Both MetLife (MET) at 7.88% 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.

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

EPS Growth

Progressive (PGR) at 33.54% is around its peer norm for EPS growth, while MetLife (MET) at -21.04% drops into the bottom quartile, signaling weaker earnings momentum.

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

Growth Metrics

Growth metrics for MetLife (MET) and Progressive (PGR)
Metric	MET	PGR
Revenue Growth (YoY)	7.88%	16.32%
Revenue Growth (3Y CAGR)	3.92%	20.90%
EPS Growth (YoY)	-21.04%	33.54%
EPS Growth (3Y CAGR)	18.50%	153.53%

Financial Strength

Current Ratio (MRQ)

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

Dividends

Dividend Yield (TTM)

Both MetLife (MET) at 2.37% and Progressive (PGR) at 0.19% pay solid, industry-typical yields, sitting squarely within their peers’ usual range.

MET

Insurance industry group

2.37%

Max: 5.37%
Q3: 2.46%
MET: 2.37%
Median: 1.23%
Q1: 0.00%
Min: 0.00%

PGR

Insurance industry group

0.19%

Max: 5.37%
Q3: 2.46%
Median: 1.23%
PGR: 0.19%
Q1: 0.00%
Min: 0.00%

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

Dividend Payout Ratio (TTM)

Both MetLife (MET) at 43.97% and Progressive (PGR) at 69.74% pay out an above-typical share of earnings for their industries, leaving thinner cover if profits dip.

MET

Insurance industry group

43.97%

Max: 79.14%
MET: 43.97%
Q3: 34.44%
Median: 16.02%
Q1: 0.00%
Min: 0.00%

PGR

Insurance industry group

69.74%

Max: 79.14%
PGR: 69.74%
Q3: 34.44%
Median: 16.02%
Q1: 0.00%
Min: 0.00%

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

Dividend Metrics

Dividend metrics for MetLife (MET) and Progressive (PGR)
Metric	MET	PGR
Dividend Yield (TTM)	2.37%	0.19%
Dividend Payout Ratio (TTM)	43.97%	69.74%

Valuation

P/E Ratio (TTM)

Both MetLife (MET) at 18.52 and Progressive (PGR) at 10.65 land around their industries’ usual P/E ratio levels — neither is getting a clear earnings-multiple discount or premium versus peers.

MET

Insurance industry group

18.52

Max: 29.70
Q3: 18.57
MET: 18.52
Median: 11.71
Q1: 8.43
Min: 3.23

PGR

Insurance industry group

10.65

Max: 29.70
Q3: 18.57
Median: 11.71
PGR: 10.65
Q1: 8.43
Min: 3.23

MetLife (MET) vs. Progressive (PGR): A comparison of their P/E ratio against the Insurance industry group benchmark.

P/S Ratio (TTM)

MetLife (MET) at 0.77 sits in the cheaper P/S ratio quartile while Progressive (PGR) at 1.32 prices around its industry’s middle — MET costs less per dollar of sales, though read it alongside growth and margins.

MET

Insurance industry group

0.77

Max: 4.07
Q3: 2.22
Median: 1.21
Q1: 0.84
MET: 0.77
Min: 0.08

PGR

Insurance industry group

1.32

Max: 4.07
Q3: 2.22
PGR: 1.32
Median: 1.21
Q1: 0.84
Min: 0.08

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

P/B Ratio (MRQ)

MetLife (MET) at 2.23 is valued about in line with its industry on P/B ratio, while Progressive (PGR) at 3.50 carries an above-peer premium to book — PGR is pricier on assets.

MET

Insurance industry group

2.23

Max: 3.94
Q3: 2.51
MET: 2.23
Median: 1.78
Q1: 1.16
Min: 0.42

PGR

Insurance industry group

3.50

Max: 3.94
PGR: 3.50
Q3: 2.51
Median: 1.78
Q1: 1.16
Min: 0.42

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

Valuation Metrics

Valuation metrics for MetLife (MET) and Progressive (PGR)
Metric	MET	PGR
P/E Ratio (TTM)	18.52	10.65
P/S Ratio (TTM)	0.77	1.32
P/B Ratio (MRQ)	2.23	3.50
Free Cash Flow Yield (TTM)	--	--