PGR vs. RGA: Progressive vs. Reinsurance Group of America Stock Comparison
How do Progressive (PGR) and Reinsurance Group of America (RGA) 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
Progressive (PGR) and Reinsurance Group of America (RGA) both belong to the Insurance industry, though PGR is classified under Property & Casualty Insurance while RGA falls under Reinsurance.
| Profile Item | PGR | RGA |
|---|---|---|
| Name | The Progressive Corporation | Reinsurance Group of America, Inc. |
| Country/Region | United States | United States |
| GICS Sector | Financials | Financials |
| GICS Industry Group | Insurance | Insurance |
| GICS Industry | Insurance | Insurance |
| GICS Sub-Industry | Property & Casualty Insurance | Reinsurance |
| Market Capitalization | 131.96 billion USD | 17.03 billion USD |
| Currency | USD | USD |
| Exchange | NYSE | NYSE |
| Listing Date | March 17, 1980 | September 12, 2008 |
| Security Type | Common Stock | Common Stock |
Price Performance
Cumulative Growth
Trailing Returns
Calendar-Year Returns
Performance Metrics
| Metric | PGR | RGA |
|---|---|---|
| Total Return (1Y) | 11.71% | 44.56% |
| Total Return (3Y, Annualized) | 15.84% | 22.51% |
| Total Return (5Y, Annualized) | 21.68% | 21.95% |
Risk Profile
Drawdown History
Return Distribution
Risk Metrics
| Metric | PGR | RGA |
|---|---|---|
| Volatility (1Y, Annualized) | 26.37% | 22.31% |
| Beta (5Y) | 0.22 | 0.40 |
| Max Drawdown (5Y) | -30.35% | -27.11% |
| Avg. Volume (3M) | 2.59M | 391.28K |
Risk-Adjusted Performance
Risk-Return Positioning
Risk-Adjusted Metrics
| Metric | PGR | RGA |
|---|---|---|
| Sharpe Ratio (1Y) | 0.28 | 1.81 |
| Sortino Ratio (1Y) | 0.39 | 3.06 |
Profitability
ROE (TTM)
Progressive (PGR) at 33.24% sits in the top ROE quartile, while Reinsurance Group of America (RGA) at 13.85% is closer to the peer norm — stronger capital efficiency for PGR.
PGR
Insurance industry group
33.24%
- Max
- 41.68%
- PGR
- 33.24%
- Q3
- 22.04%
- Median
- 14.81%
- Q1
- 8.79%
- Min
- -10.66%
RGA
Insurance industry group
13.85%
- Max
- 41.68%
- Q3
- 22.04%
- Median
- 14.81%
- RGA
- 13.85%
- Q1
- 8.79%
- Min
- -10.66%
Net Margin (TTM)
Both Progressive (PGR) at 12.67% and Reinsurance Group of America (RGA) at 6.26% keep about the typical share of revenue as profit for their industries — neither bottom line stands out from peers.
PGR
Insurance industry group
12.67%
- Max
- 29.92%
- Q3
- 17.03%
- PGR
- 12.67%
- Median
- 10.97%
- Q1
- 6.21%
- Min
- -4.68%
RGA
Insurance industry group
6.26%
- Max
- 29.92%
- Q3
- 17.03%
- Median
- 10.97%
- RGA
- 6.26%
- Q1
- 6.21%
- Min
- -4.68%
Operating Margin (TTM)
Neither side reports a meaningful operating margin: for Progressive (PGR) in Insurance and Reinsurance Group of America (RGA) in Insurance, funding costs are part of the core business, so net margin and ROE are the cleaner profitability reads.
Profitability Metrics
| Metric | PGR | RGA |
|---|---|---|
| ROE (TTM) | 33.24% | 13.85% |
| ROA (TTM) | 7.53% | 1.00% |
| Net Margin (TTM) | 12.67% | 6.26% |
| Operating Margin (TTM) | -- | -- |
| Gross Margin (TTM) | -- | -- |
Growth
Revenue Growth
Both Progressive (PGR) at 16.32% and Reinsurance Group of America (RGA) at 7.42% land near their industries' usual revenue growth ranges, so top-line momentum looks broadly in line with peers on both sides.
EPS Growth
Reinsurance Group of America (RGA) at 64.86% sits in the top EPS growth quartile, while Progressive (PGR) at 33.54% is closer to the peer norm — faster per-share earnings growth for RGA.
Growth Metrics
| Metric | PGR | RGA |
|---|---|---|
| Revenue Growth (YoY) | 16.32% | 7.42% |
| Revenue Growth (3Y CAGR) | 20.90% | 14.25% |
| EPS Growth (YoY) | 33.54% | 64.86% |
| EPS Growth (3Y CAGR) | 153.53% | 32.30% |
Financial Strength
Current Ratio (MRQ)
current ratio doesn’t apply on either side: Progressive (PGR) in Insurance and Reinsurance Group of America (RGA) 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: Progressive (PGR) in Insurance and Reinsurance Group of America (RGA) 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 | PGR | RGA |
|---|---|---|
| Current Ratio (MRQ) | -- | -- |
| Debt / Equity (MRQ) | -- | -- |
| Net Debt / EBITDA | -- | -- |
Dividends
Dividend Yield (TTM)
Both Progressive (PGR) at 0.17% and Reinsurance Group of America (RGA) at 1.44% pay solid, industry-typical yields, sitting squarely within their peers’ usual range.
PGR
Insurance industry group
0.17%
- Max
- 5.12%
- Q3
- 2.15%
- Median
- 0.98%
- PGR
- 0.17%
- Q1
- 0.00%
- Min
- 0.00%
RGA
Insurance industry group
1.44%
- Max
- 5.12%
- Q3
- 2.15%
- RGA
- 1.44%
- Median
- 0.98%
- Q1
- 0.00%
- Min
- 0.00%
Dividend Payout Ratio (TTM)
Reinsurance Group of America (RGA) at 14.60% pays out a band-typical share of earnings, while Progressive (PGR) at 70.03% distributes more than its industry norm — less retained, thinner cover.
PGR
Insurance industry group
70.03%
- Max
- 76.67%
- PGR
- 70.03%
- Q3
- 35.18%
- Median
- 14.74%
- Q1
- 0.00%
- Min
- 0.00%
RGA
Insurance industry group
14.60%
- Max
- 76.67%
- Q3
- 35.18%
- Median
- 14.74%
- RGA
- 14.60%
- Q1
- 0.00%
- Min
- 0.00%
Dividend Metrics
| Metric | PGR | RGA |
|---|---|---|
| Dividend Yield (TTM) | 0.17% | 1.44% |
| Dividend Payout Ratio (TTM) | 70.03% | 14.60% |
Valuation
P/E Ratio (TTM)
Both Progressive (PGR) at 11.47 and Reinsurance Group of America (RGA) at 10.14 land around their industries’ usual P/E ratio levels — neither is getting a clear earnings-multiple discount or premium versus peers.
PGR
Insurance industry group
11.47
- Max
- 28.37
- Q3
- 18.75
- Median
- 12.23
- PGR
- 11.47
- Q1
- 9.08
- Min
- 2.32
RGA
Insurance industry group
10.14
- Max
- 28.37
- Q3
- 18.75
- Median
- 12.23
- RGA
- 10.14
- Q1
- 9.08
- Min
- 2.32
P/S Ratio (TTM)
Reinsurance Group of America (RGA) at 0.62 sits in the cheaper P/S ratio quartile while Progressive (PGR) at 1.44 prices around its industry’s middle — RGA costs less per dollar of sales, though read it alongside growth and margins.
PGR
Insurance industry group
1.44
- Max
- 4.03
- Q3
- 2.25
- PGR
- 1.44
- Median
- 1.23
- Q1
- 0.85
- Min
- 0.07
RGA
Insurance industry group
0.62
- Max
- 4.03
- Q3
- 2.25
- Median
- 1.23
- Q1
- 0.85
- RGA
- 0.62
- Min
- 0.07
P/B Ratio (MRQ)
Reinsurance Group of America (RGA) at 1.46 is valued about in line with its industry on P/B ratio, while Progressive (PGR) at 3.82 carries an above-peer premium to book — PGR is pricier on assets.
PGR
Insurance industry group
3.82
- Max
- 5.07
- PGR
- 3.82
- Q3
- 2.79
- Median
- 1.76
- Q1
- 1.23
- Min
- 0.30
RGA
Insurance industry group
1.46
- Max
- 5.07
- Q3
- 2.79
- Median
- 1.76
- RGA
- 1.46
- Q1
- 1.23
- Min
- 0.30
Valuation Metrics
| Metric | PGR | RGA |
|---|---|---|
| P/E Ratio (TTM) | 11.47 | 10.14 |
| P/S Ratio (TTM) | 1.44 | 0.62 |
| P/B Ratio (MRQ) | 3.82 | 1.46 |
| Free Cash Flow Yield (TTM) | -- | -- |