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Marsh (MRSH) vs. Progressive (PGR)

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

Company Profile

Marsh (MRSH) and Progressive (PGR) both belong to the Insurance industry, though MRSH is classified under Insurance Brokers while PGR falls under Property & Casualty Insurance.

SymbolMRSHPGR
Company NameMarsh & McLennan Companies, Inc.The Progressive Corporation
Country/RegionUnited StatesUnited States
GICS SectorFinancialsFinancials
GICS Industry GroupInsuranceInsurance
GICS IndustryInsuranceInsurance
GICS Sub-IndustryInsurance BrokersProperty & Casualty Insurance
Market Capitalization80.01 billion USD118.54 billion USD
CurrencyUSDUSD
ExchangeNYSENYSE
Listing DateFebruary 21, 1973March 17, 1980
Security TypeCommon StockCommon Stock

Historical Performance

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

Historical Performance at a Glance

SymbolMRSHPGR
5-Day Price Return1.59%2.81%
13-Week Price Return-4.64%-0.26%
26-Week Price Return-6.82%-6.22%
52-Week Price Return-28.27%-28.68%
Month-to-Date Return-1.03%1.35%
Year-to-Date Return-10.53%-10.42%
10-Day Avg. Volume2.91M2.77M
3-Month Avg. Volume3.09M3.17M
3-Month Volatility26.78%21.97%
Beta0.640.31

Profitability

Return on Equity (TTM)

Both Marsh (MRSH) at 25.91% and Progressive (PGR) at 35.45% rank in the top quartile for Return on Equity (TTM) among industry peers, indicating strong returns on shareholders’ equity.

MRSH

Insurance industry group

25.91%

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%
Marsh (MRSH) vs. Progressive (PGR): A comparison of their Return on Equity (TTM) against the Insurance industry group benchmark.

Net Profit Margin (TTM)

Both Marsh (MRSH) at 14.26% 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.

MRSH

Insurance industry group

14.26%

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%
Marsh (MRSH) 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 Marsh (MRSH) in Insurance or Progressive (PGR) in Insurance under our convention.

MRSH

Insurance industry group

21.70%

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%
Marsh (MRSH) vs. Progressive (PGR): A comparison of their Operating Profit Margin (TTM) against the Insurance industry group benchmark.

Profitability at a Glance

SymbolMRSHPGR
Return on Equity (TTM)25.91%35.45%
Return on Assets (TTM)6.69%9.59%
Net Profit Margin (TTM)14.26%12.93%
Operating Profit Margin (TTM)21.70%16.59%
Gross Profit Margin (TTM)----

Financial Strength

Current Ratio (MRQ)

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

MRSH

Insurance industry group

1.11

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
Marsh (MRSH) 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 Marsh (MRSH) in Insurance or Progressive (PGR) in Insurance under our convention.

MRSH

Insurance industry group

1.41

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
Marsh (MRSH) 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 Marsh (MRSH) in Insurance or Progressive (PGR) in Insurance under our convention.

MRSH

Insurance industry group

7.31

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
Marsh (MRSH) vs. Progressive (PGR): A comparison of their Interest Coverage Ratio (TTM) against the Insurance industry group benchmark.

Financial Strength at a Glance

SymbolMRSHPGR
Current Ratio (MRQ)1.110.08
Quick Ratio (MRQ)1.110.04
Debt-to-Equity Ratio (MRQ)1.410.26
Interest Coverage Ratio (TTM)7.3152.16

Growth

Revenue Growth

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

Revenue Growth at a Glance

SymbolMRSHPGR
Revenue Growth (MRQ vs Prior YoY)7.59%8.71%
Revenue Growth (TTM vs Prior YoY)9.87%13.89%
3-Year Revenue CAGR9.20%20.90%
5-Year Revenue CAGR9.39%15.50%

EPS Growth

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

EPS Growth at a Glance

SymbolMRSHPGR
EPS Growth (MRQ vs Prior YoY)-15.48%9.93%
EPS Growth (TTM vs Prior YoY)-2.01%32.60%
3-Year EPS CAGR11.72%150.11%
5-Year EPS CAGR16.42%14.65%

Dividend

Dividend Yield (TTM)

Progressive (PGR) at 6.87% reports Dividend Yield (TTM) in the top quartile of industry peers, ahead of Marsh (MRSH) at 2.15%, which sits around the industry mid-range.

MRSH

Insurance industry group

2.15%

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%
Marsh (MRSH) vs. Progressive (PGR): A comparison of their Dividend Yield (TTM) against the Insurance industry group benchmark.

Dividend Payout Ratio (TTM)

Both Marsh (MRSH) at 44.18% 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.

MRSH

Insurance industry group

44.18%

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%
Marsh (MRSH) vs. Progressive (PGR): A comparison of their Dividend Payout Ratio (TTM) against the Insurance industry group benchmark.

Dividend at a Glance

SymbolMRSHPGR
Dividend Yield (TTM)2.15%6.87%
Dividend Payout Ratio (TTM)44.18%70.49%

Valuation

Price-to-Earnings Ratio (TTM)

Progressive (PGR) at 10.26 carries typical industry Price-to-Earnings Ratio (TTM), while Marsh (MRSH) at 20.55 sits in the higher-multiple quartile — MRSH carries a higher trailing earnings multiple relative to peers.

MRSH

Insurance industry group

20.55

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
Marsh (MRSH) vs. Progressive (PGR): A comparison of their Price-to-Earnings Ratio (TTM) against the Insurance industry group benchmark.

Price-to-Sales Ratio (TTM)

Progressive (PGR) at 1.33 carries typical industry Price-to-Sales Ratio (TTM), while Marsh (MRSH) at 2.93 sits in the higher-multiple quartile — MRSH carries a higher trailing revenue multiple relative to peers.

MRSH

Insurance industry group

2.93

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
Marsh (MRSH) vs. Progressive (PGR): A comparison of their Price-to-Sales Ratio (TTM) against the Insurance industry group benchmark.

Price-to-Book Ratio (MRQ)

Progressive (PGR) at 3.62 sits in the higher-multiple quartile for Price-to-Book Ratio (MRQ), but Marsh (MRSH) at 5.74 is higher still, above its industry benchmark range — both carry elevated book-value multiples relative to peers, with MRSH higher.

MRSH

Insurance industry group

5.74

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
Marsh (MRSH) vs. Progressive (PGR): A comparison of their Price-to-Book Ratio (MRQ) against the Insurance industry group benchmark.

Valuation at a Glance

SymbolMRSHPGR
Price-to-Earnings Ratio (TTM)20.5510.26
Price-to-Sales Ratio (TTM)2.931.33
Price-to-Book Ratio (MRQ)5.743.62
Price-to-Free Cash Flow Ratio (TTM)14.217.22