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Manulife Financial (MFC) vs. Progressive (PGR)

This page compares Manulife Financial (MFC) with Progressive (PGR) using performance and risk, profitability, financial strength, growth, dividends, 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
NameManulife Financial CorporationProgressive Corporation
Country/RegionCanadaUnited States
GICS SectorFinancialsFinancials
GICS Industry GroupInsuranceInsurance
GICS IndustryInsuranceInsurance
GICS Sub-IndustryLife & Health InsuranceProperty & Casualty Insurance
Market Capitalization64.60 billion USD119.05 billion USD
CurrencyUSDUSD
ExchangeNYSENYSE
Listing DateSeptember 24, 1999March 17, 1980
Security TypeCommon StockCommon Stock

Valuation

Price-to-Earnings Ratio (TTM)

Both Manulife Financial (MFC) at 15.48 and Progressive (PGR) at 10.37 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

15.48

Max
23.34
Q3
16.14
Median
11.54
Q1
8.46
Min
3.25

PGR

Insurance industry group

10.37

Max
23.34
Q3
16.14
Median
11.54
Q1
8.46
Min
3.25
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)

On Price-to-Sales Ratio (TTM), both Manulife Financial (MFC) at 2.02 and Progressive (PGR) at 1.33 are priced roughly in line with their industries — neither looks cheap nor rich on a sales basis.

MFC

Insurance industry group

2.02

Max
3.94
Q3
2.05
Median
1.16
Q1
0.76
Min
0.13

PGR

Insurance industry group

1.33

Max
3.94
Q3
2.05
Median
1.16
Q1
0.76
Min
0.13
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 1.84 sits near its industry’s typical Price-to-Book Ratio (MRQ), while Progressive (PGR) at 3.72 prices above its benchmark range — PGR looks rich relative to book.

MFC

Insurance industry group

1.84

Max
3.56
Q3
2.24
Median
1.59
Q1
1.07
Min
0.03

PGR

Insurance industry group

3.72

Max
3.56
Q3
2.24
Median
1.59
Q1
1.07
Min
0.03
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)15.4810.37
Price-to-Sales Ratio (TTM)2.021.33
Price-to-Book Ratio (MRQ)1.843.72
Free Cash Flow Yield8.44%13.02%

Profitability

Return on Equity (TTM)

Progressive (PGR) at 37.90% ranks in the top quartile for Return on Equity (TTM), ahead of Manulife Financial (MFC) at 12.56%, which sits closer to the industry mid-range.

MFC

Insurance industry group

12.56%

Max
38.88%
Q3
22.58%
Median
14.60%
Q1
9.87%
Min
-6.23%

PGR

Insurance industry group

37.90%

Max
38.88%
Q3
22.58%
Median
14.60%
Q1
9.87%
Min
-6.23%
Manulife Financial (MFC) vs. Progressive (PGR): A comparison of their Return on Equity (TTM) against the Insurance industry group benchmark.

Net Profit Margin (TTM)

Manulife Financial (MFC) at 20.04% retains a top-quartile share of revenue as profit, ahead of Progressive (PGR) at 12.93%, which keeps about the industry-typical share.

MFC

Insurance industry group

20.04%

Max
38.86%
Q3
19.38%
Median
11.36%
Q1
5.57%
Min
-2.80%

PGR

Insurance industry group

12.93%

Max
38.86%
Q3
19.38%
Median
11.36%
Q1
5.57%
Min
-2.80%
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

19.05%

Max
47.18%
Q3
23.07%
Median
15.52%
Q1
6.90%
Min
-16.30%

PGR

Insurance industry group

16.39%

Max
47.18%
Q3
23.07%
Median
15.52%
Q1
6.90%
Min
-16.30%
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)12.56%37.90%
Return on Assets (TTM)0.59%7.94%
Net Profit Margin (TTM)20.04%12.93%
Operating Profit Margin (TTM)19.05%16.39%
Gross Profit Margin (TTM)50.32%18.56%

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
1-Year Revenue Growth--16.32%
3-Year Revenue CAGR29.95%20.90%

EPS Growth

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

EPS Growth at a Glance

SymbolMFCPGR
1-Year EPS Growth8.10%33.54%
3-Year EPS CAGR-5.86%153.53%

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

30.14

Max
3.60
Q3
1.88
Median
1.13
Q1
0.67
Min
0.12

PGR

Insurance industry group

0.30

Max
3.60
Q3
1.88
Median
1.13
Q1
0.67
Min
0.12
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

0.44

Max
0.86
Q3
0.48
Median
0.31
Q1
0.15
Min
0.00

PGR

Insurance industry group

0.26

Max
0.86
Q3
0.48
Median
0.31
Q1
0.15
Min
0.00
Manulife Financial (MFC) vs. Progressive (PGR): A comparison of their Debt-to-Equity Ratio (MRQ) against the Insurance industry group benchmark.

Financial Strength at a Glance

SymbolMFCPGR
Current Ratio (MRQ)30.140.30
Debt-to-Equity Ratio (MRQ)0.440.26
Net Debt / EBITDA-0.670.40

Dividends

Dividend Yield (TTM)

Manulife Financial (MFC) at 3.47% reports Dividend Yield (TTM) in the top quartile of industry peers, ahead of Progressive (PGR) at 6.81%, which sits around the industry mid-range.

MFC

Insurance industry group

3.47%

Max
5.63%
Q3
2.79%
Median
1.51%
Q1
0.00%
Min
0.00%

PGR

Insurance industry group

6.81%

Max
5.63%
Q3
2.79%
Median
1.51%
Q1
0.00%
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 52.02% and Progressive (PGR) at 70.70% 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

52.02%

Max
86.52%
Q3
36.67%
Median
15.38%
Q1
0.00%
Min
0.00%

PGR

Insurance industry group

70.70%

Max
86.52%
Q3
36.67%
Median
15.38%
Q1
0.00%
Min
0.00%
Manulife Financial (MFC) vs. Progressive (PGR): A comparison of their Dividend Payout Ratio (TTM) against the Insurance industry group benchmark.

Dividends at a Glance

SymbolMFCPGR
Dividend Yield (TTM)3.47%6.81%
Dividend Payout Ratio (TTM)52.02%70.70%

Performance & Risk

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.

Performance & Risk at a Glance

SymbolMFCPGR
1-Year Return23.12%-22.46%
1-Year Volatility20.83%22.69%
Beta0.840.26
3-Month Avg. Volume2.22M2.98M