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Manulife Financial (MFC) vs. Progressive (PGR)

This page compares Manulife Financial (MFC) with Progressive (PGR) using historical performance, profitability, financial strength, growth, dividend, and valuation metrics.

Company Profile

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

SymbolMFCPGR
Company NameManulife Financial CorporationThe Progressive Corporation
Country/RegionCanadaUnited States
GICS SectorFinancialsFinancials
GICS Industry GroupInsuranceInsurance
GICS IndustryInsuranceInsurance
GICS Sub-IndustryLife & Health InsuranceProperty & Casualty Insurance
Market Capitalization63.12 billion USD118.54 billion USD
CurrencyUSDUSD
ExchangeNYSENYSE
Listing DateSeptember 24, 1999March 17, 1980
Security TypeCommon StockCommon Stock

Historical Performance

MFC
PGR
Loading price history…
Manulife Financial (MFC) vs. Progressive (PGR): Growth of a $10,000 investment over the past five years. Adjusted for dividends and splits.

Historical Performance at a Glance

SymbolMFCPGR
5-Day Price Return-5.38%2.81%
13-Week Price Return6.20%-0.26%
26-Week Price Return10.39%-6.22%
52-Week Price Return16.15%-28.68%
Month-to-Date Return-3.16%1.35%
Year-to-Date Return3.77%-10.42%
10-Day Avg. Volume7.46M2.77M
3-Month Avg. Volume6.15M3.17M
3-Month Volatility25.38%21.97%
Beta0.540.31

Profitability

Return on Equity (TTM)

Progressive (PGR) at 35.45% ranks in the top quartile for Return on Equity (TTM), ahead of Manulife Financial (MFC) at 11.34%, which sits closer to the industry mid-range.

MFC

Insurance industry group

11.34%

Max
36.48%
Q3
20.88%
Median
13.12%
Q1
7.68%
Min
-3.27%

PGR

Insurance industry group

35.45%

Max
36.48%
Q3
20.88%
Median
13.12%
Q1
7.68%
Min
-3.27%
Manulife Financial (MFC) vs. Progressive (PGR): A comparison of their Return on Equity (TTM) against the Insurance industry group benchmark.

Net Profit Margin (TTM)

Both Manulife Financial (MFC) at 14.94% and Progressive (PGR) at 12.93% post Net Profit Margin (TTM) near their industry mid-ranges, so neither company stands out strongly from peers on net profitability.

MFC

Insurance industry group

14.94%

Max
31.15%
Q3
18.03%
Median
10.86%
Q1
5.62%
Min
-2.53%

PGR

Insurance industry group

12.93%

Max
31.15%
Q3
18.03%
Median
10.86%
Q1
5.62%
Min
-2.53%
Manulife Financial (MFC) vs. Progressive (PGR): A comparison of their Net Profit Margin (TTM) against the Insurance industry group benchmark.

Operating Profit Margin (TTM)

Operating Profit Margin (TTM) isn’t a meaningful figure for either Manulife Financial (MFC) in Insurance or Progressive (PGR) in Insurance under our convention.

MFC

Insurance industry group

18.33%

Max
41.20%
Q3
23.69%
Median
16.33%
Q1
9.39%
Min
-1.22%

PGR

Insurance industry group

16.59%

Max
41.20%
Q3
23.69%
Median
16.33%
Q1
9.39%
Min
-1.22%
Manulife Financial (MFC) vs. Progressive (PGR): A comparison of their Operating Profit Margin (TTM) against the Insurance industry group benchmark.

Profitability at a Glance

SymbolMFCPGR
Return on Equity (TTM)11.34%35.45%
Return on Assets (TTM)0.58%9.59%
Net Profit Margin (TTM)14.94%12.93%
Operating Profit Margin (TTM)18.33%16.59%
Gross Profit Margin (TTM)----

Financial Strength

Current Ratio (MRQ)

Current Ratio (MRQ) isn’t a meaningful figure for either Manulife Financial (MFC) in Insurance or Progressive (PGR) in Insurance under our convention.

MFC

Insurance industry group

1.14

Max
2.64
Q3
1.18
Median
0.64
Q1
0.17
Min
0.00

PGR

Insurance industry group

0.08

Max
2.64
Q3
1.18
Median
0.64
Q1
0.17
Min
0.00
Manulife Financial (MFC) vs. Progressive (PGR): A comparison of their Current Ratio (MRQ) against the Insurance industry group benchmark.

Debt-to-Equity Ratio (MRQ)

Debt-to-Equity Ratio (MRQ) isn’t a meaningful figure for either Manulife Financial (MFC) in Insurance or Progressive (PGR) in Insurance under our convention.

MFC

Insurance industry group

0.29

Max
0.79
Q3
0.47
Median
0.29
Q1
0.23
Min
0.00

PGR

Insurance industry group

0.26

Max
0.79
Q3
0.47
Median
0.29
Q1
0.23
Min
0.00
Manulife Financial (MFC) vs. Progressive (PGR): A comparison of their Debt-to-Equity Ratio (MRQ) against the Insurance industry group benchmark.

Interest Coverage Ratio (TTM)

Interest Coverage Ratio (TTM) isn’t a meaningful figure for either Manulife Financial (MFC) in Insurance or Progressive (PGR) in Insurance under our convention.

MFC

Insurance industry group

9.04

Max
32.11
Q3
16.88
Median
8.05
Q1
5.01
Min
-2.55

PGR

Insurance industry group

52.16

Max
32.11
Q3
16.88
Median
8.05
Q1
5.01
Min
-2.55
Manulife Financial (MFC) vs. Progressive (PGR): A comparison of their Interest Coverage Ratio (TTM) against the Insurance industry group benchmark.

Financial Strength at a Glance

SymbolMFCPGR
Current Ratio (MRQ)1.140.08
Quick Ratio (MRQ)1.140.04
Debt-to-Equity Ratio (MRQ)0.290.26
Interest Coverage Ratio (TTM)9.0452.16

Growth

Revenue Growth

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

Revenue Growth at a Glance

SymbolMFCPGR
Revenue Growth (MRQ vs Prior YoY)-1.75%8.71%
Revenue Growth (TTM vs Prior YoY)3.39%13.89%
3-Year Revenue CAGR19.45%20.90%
5-Year Revenue CAGR-12.24%15.50%

EPS Growth

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

EPS Growth at a Glance

SymbolMFCPGR
EPS Growth (MRQ vs Prior YoY)-3.73%9.93%
EPS Growth (TTM vs Prior YoY)7.24%32.60%
3-Year EPS CAGR--150.11%
5-Year EPS CAGR4.31%14.65%

Dividend

Dividend Yield (TTM)

Both Manulife Financial (MFC) at 3.81% and Progressive (PGR) at 6.87% report Dividend Yield (TTM) in the top quartile of industry peers, indicating higher cash yield relative to share price than typical competitors.

MFC

Insurance industry group

3.81%

Max
6.87%
Q3
3.15%
Median
1.71%
Q1
0.23%
Min
0.00%

PGR

Insurance industry group

6.87%

Max
6.87%
Q3
3.15%
Median
1.71%
Q1
0.23%
Min
0.00%
Manulife Financial (MFC) vs. Progressive (PGR): A comparison of their Dividend Yield (TTM) against the Insurance industry group benchmark.

Dividend Payout Ratio (TTM)

Both Manulife Financial (MFC) at 57.16% and Progressive (PGR) at 70.49% post Dividend Payout Ratio (TTM) outside their industries’ typical mid-range — either leaning toward more retention or more distribution than the industry median.

MFC

Insurance industry group

57.16%

Max
89.03%
Q3
40.06%
Median
16.75%
Q1
3.17%
Min
0.00%

PGR

Insurance industry group

70.49%

Max
89.03%
Q3
40.06%
Median
16.75%
Q1
3.17%
Min
0.00%
Manulife Financial (MFC) vs. Progressive (PGR): A comparison of their Dividend Payout Ratio (TTM) against the Insurance industry group benchmark.

Dividend at a Glance

SymbolMFCPGR
Dividend Yield (TTM)3.81%6.87%
Dividend Payout Ratio (TTM)57.16%70.49%

Valuation

Price-to-Earnings Ratio (TTM)

Both Manulife Financial (MFC) at 15.00 and Progressive (PGR) at 10.26 post Price-to-Earnings Ratio (TTM) near the typical industry midpoint — neither company stands out strongly from peers on trailing earnings multiple.

MFC

Insurance industry group

15.00

Max
21.77
Q3
16.82
Median
12.89
Q1
9.44
Min
3.82

PGR

Insurance industry group

10.26

Max
21.77
Q3
16.82
Median
12.89
Q1
9.44
Min
3.82
Manulife Financial (MFC) vs. Progressive (PGR): A comparison of their Price-to-Earnings Ratio (TTM) against the Insurance industry group benchmark.

Price-to-Sales Ratio (TTM)

Both Manulife Financial (MFC) at 2.24 and Progressive (PGR) at 1.33 post Price-to-Sales Ratio (TTM) near the typical industry midpoint — neither company stands out strongly from peers on trailing revenue multiple.

MFC

Insurance industry group

2.24

Max
4.91
Q3
2.59
Median
1.32
Q1
0.90
Min
0.34

PGR

Insurance industry group

1.33

Max
4.91
Q3
2.59
Median
1.32
Q1
0.90
Min
0.34
Manulife Financial (MFC) vs. Progressive (PGR): A comparison of their Price-to-Sales Ratio (TTM) against the Insurance industry group benchmark.

Price-to-Book Ratio (MRQ)

Manulife Financial (MFC) at 1.66 carries typical industry Price-to-Book Ratio (MRQ), while Progressive (PGR) at 3.62 sits in the higher-multiple quartile — PGR carries a higher book-value multiple relative to peers.

MFC

Insurance industry group

1.66

Max
3.62
Q3
2.11
Median
1.67
Q1
1.06
Min
0.36

PGR

Insurance industry group

3.62

Max
3.62
Q3
2.11
Median
1.67
Q1
1.06
Min
0.36
Manulife Financial (MFC) vs. Progressive (PGR): A comparison of their Price-to-Book Ratio (MRQ) against the Insurance industry group benchmark.

Valuation at a Glance

SymbolMFCPGR
Price-to-Earnings Ratio (TTM)15.0010.26
Price-to-Sales Ratio (TTM)2.241.33
Price-to-Book Ratio (MRQ)1.663.62
Price-to-Free Cash Flow Ratio (TTM)2.707.22