MRSH vs. PGR: Marsh & McLennan vs. Progressive Stock Comparison
How do Marsh & McLennan (MRSH) 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
Marsh & McLennan (MRSH) and Progressive (PGR) both belong to the Insurance industry, though MRSH is classified under Insurance Brokers while PGR falls under Property & Casualty Insurance.
| Profile Item | MRSH | PGR |
|---|---|---|
| Name | Marsh & McLennan Companies, 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 | Insurance Brokers | Property & Casualty Insurance |
| Market Capitalization | 84.25 billion USD | 127.85 billion USD |
| Currency | USD | USD |
| Exchange | NYSE | NYSE |
| Listing Date | February 21, 1973 | March 17, 1980 |
| Security Type | Common Stock | Common Stock |
Price Performance
Cumulative Growth
Trailing Returns
Calendar-Year Returns
Performance Metrics
| Metric | MRSH | PGR |
|---|---|---|
| Total Return (1Y) | -11.90% | 0.51% |
| Total Return (3Y, Annualized) | -0.78% | 16.32% |
| Total Return (5Y, Annualized) | 4.04% | 22.36% |
Risk Profile
Drawdown History
Return Distribution
Risk Metrics
| Metric | MRSH | PGR |
|---|---|---|
| Volatility (1Y, Annualized) | 26.42% | 26.78% |
| Beta (5Y) | 0.56 | 0.24 |
| Max Drawdown (5Y) | -34.36% | -30.35% |
| Avg. Volume (3M) | 2.49M | 2.64M |
Risk-Adjusted Performance
Risk-Return Positioning
Risk-Adjusted Metrics
| Metric | MRSH | PGR |
|---|---|---|
| Sharpe Ratio (1Y) | -0.62 | -0.15 |
| Sortino Ratio (1Y) | -0.86 | -0.20 |
Profitability
ROE (TTM)
Both Marsh & McLennan (MRSH) at 25.90% and Progressive (PGR) at 34.94% sit in the top peer quartile for ROE, suggesting each generates more profit from shareholders’ equity than typical industry peers.
MRSH
Insurance industry group
25.90%
- Max
- 38.99%
- MRSH
- 25.90%
- Q3
- 22.13%
- Median
- 15.10%
- 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%
Net Margin (TTM)
Both Marsh & McLennan (MRSH) at 14.24% and Progressive (PGR) at 12.85% keep about the typical share of revenue as profit for their industries — neither bottom line stands out from peers.
MRSH
Insurance industry group
14.24%
- Max
- 37.68%
- Q3
- 19.27%
- MRSH
- 14.24%
- Median
- 11.17%
- Q1
- 5.91%
- Min
- -10.79%
PGR
Insurance industry group
12.85%
- Max
- 37.68%
- Q3
- 19.27%
- PGR
- 12.85%
- Median
- 11.17%
- Q1
- 5.91%
- Min
- -10.79%
Operating Margin (TTM)
Neither side reports a meaningful operating margin: for Marsh & McLennan (MRSH) 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
| Metric | MRSH | PGR |
|---|---|---|
| ROE (TTM) | 25.90% | 34.94% |
| ROA (TTM) | 7.24% | 7.84% |
| Net Margin (TTM) | 14.24% | 12.85% |
| Operating Margin (TTM) | -- | -- |
| Gross Margin (TTM) | -- | -- |
Growth
Revenue Growth
Both Marsh & McLennan (MRSH) at 10.32% 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.
EPS Growth
Both Marsh & McLennan (MRSH) at 3.06% 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.
Growth Metrics
| Metric | MRSH | PGR |
|---|---|---|
| Revenue Growth (YoY) | 10.32% | 16.32% |
| Revenue Growth (3Y CAGR) | 9.20% | 20.90% |
| EPS Growth (YoY) | 3.06% | 33.54% |
| EPS Growth (3Y CAGR) | 11.75% | 153.53% |
Financial Strength
Current Ratio (MRQ)
current ratio doesn’t apply on either side: Marsh & McLennan (MRSH) 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: Marsh & McLennan (MRSH) 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
| Metric | MRSH | PGR |
|---|---|---|
| Current Ratio (MRQ) | -- | -- |
| Debt / Equity (MRQ) | -- | -- |
| Net Debt / EBITDA | -- | -- |
Dividends
Dividend Yield (TTM)
Both Marsh & McLennan (MRSH) at 2.10% and Progressive (PGR) at 0.18% pay solid, industry-typical yields, sitting squarely within their peers’ usual range.
MRSH
Insurance industry group
2.10%
- Max
- 5.68%
- Q3
- 2.48%
- MRSH
- 2.10%
- Median
- 1.27%
- Q1
- 0.00%
- Min
- 0.00%
PGR
Insurance industry group
0.18%
- Max
- 5.68%
- Q3
- 2.48%
- Median
- 1.27%
- PGR
- 0.18%
- Q1
- 0.00%
- Min
- 0.00%
Dividend Payout Ratio (TTM)
Both Marsh & McLennan (MRSH) at 44.01% and Progressive (PGR) at 69.71% pay out an above-typical share of earnings for their industries, leaving thinner cover if profits dip.
MRSH
Insurance industry group
44.01%
- Max
- 79.14%
- MRSH
- 44.01%
- Q3
- 34.44%
- Median
- 16.02%
- Q1
- 0.00%
- Min
- 0.00%
PGR
Insurance industry group
69.71%
- Max
- 79.14%
- PGR
- 69.71%
- Q3
- 34.44%
- Median
- 16.02%
- Q1
- 0.00%
- Min
- 0.00%
Dividend Metrics
| Metric | MRSH | PGR |
|---|---|---|
| Dividend Yield (TTM) | 2.10% | 0.18% |
| Dividend Payout Ratio (TTM) | 44.01% | 69.71% |
Valuation
P/E Ratio (TTM)
Progressive (PGR) at 11.05 is near its industry’s usual P/E ratio, while Marsh & McLennan (MRSH) at 21.58 sits in the richer quartile — MRSH needs stronger growth or earnings quality to justify the premium.
MRSH
Insurance industry group
21.58
- Max
- 29.54
- MRSH
- 21.58
- Q3
- 18.13
- Median
- 11.06
- Q1
- 8.12
- Min
- 3.35
PGR
Insurance industry group
11.05
- Max
- 29.54
- Q3
- 18.13
- Median
- 11.06
- PGR
- 11.05
- Q1
- 8.12
- Min
- 3.35
P/S Ratio (TTM)
Progressive (PGR) at 1.40 is priced about in line with its industry on P/S ratio, while Marsh & McLennan (MRSH) at 3.01 sits in the pricier quartile — MRSH costs more per dollar of sales.
MRSH
Insurance industry group
3.01
- Max
- 4.05
- MRSH
- 3.01
- Q3
- 2.13
- Median
- 1.21
- Q1
- 0.80
- Min
- 0.07
PGR
Insurance industry group
1.40
- Max
- 4.05
- Q3
- 2.13
- PGR
- 1.40
- Median
- 1.21
- Q1
- 0.80
- Min
- 0.07
P/B Ratio (MRQ)
Measured against book value, both Marsh & McLennan (MRSH) at 5.56 and Progressive (PGR) at 3.73 look expensive — each P/B ratio sits above its industry’s benchmark range.
MRSH
Insurance industry group
5.56
- MRSH
- 5.56
- Max
- 3.69
- Q3
- 2.47
- Median
- 1.75
- Q1
- 1.13
- Min
- 0.41
PGR
Insurance industry group
3.73
- PGR
- 3.73
- Max
- 3.69
- Q3
- 2.47
- Median
- 1.75
- Q1
- 1.13
- Min
- 0.41
Valuation Metrics
| Metric | MRSH | PGR |
|---|---|---|
| P/E Ratio (TTM) | 21.58 | 11.05 |
| P/S Ratio (TTM) | 3.01 | 1.40 |
| P/B Ratio (MRQ) | 5.56 | 3.73 |
| Free Cash Flow Yield (TTM) | -- | -- |