PGR vs. RYAN: Progressive vs. Ryan Specialty Stock Comparison
How do Progressive (PGR) and Ryan Specialty (RYAN) 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 Ryan Specialty (RYAN) both belong to the Insurance industry, though PGR is classified under Property & Casualty Insurance while RYAN falls under Insurance Brokers.
Progressive (PGR) has more than two decades of public-market history since March 17, 1980, whereas Ryan Specialty (RYAN) listed on July 22, 2021 and has a much shorter record to draw on.
| Profile Item | PGR | RYAN |
|---|---|---|
| Name | The Progressive Corporation | Ryan Specialty Holdings 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 | Insurance Brokers |
| Market Capitalization | 131.96 billion USD | 12.10 billion USD |
| Currency | USD | USD |
| Exchange | NYSE | NYSE |
| Listing Date | March 17, 1980 | July 22, 2021 |
| Security Type | Common Stock | Common Stock |
Price Performance
Cumulative Growth
Trailing Returns
Calendar-Year Returns
Performance Metrics
| Metric | PGR | RYAN |
|---|---|---|
| Total Return (1Y) | 11.71% | -17.50% |
| Total Return (3Y, Annualized) | 15.84% | 2.91% |
| Total Return (5Y, Annualized) | 21.68% | 5.30% |
Risk Profile
Drawdown History
Return Distribution
Risk Metrics
| Metric | PGR | RYAN |
|---|---|---|
| Volatility (1Y, Annualized) | 26.37% | 43.93% |
| Beta (5Y) | 0.22 | 0.52 |
| Max Drawdown (5Y) | -30.35% | -60.94% |
| Avg. Volume (3M) | 2.59M | 1.89M |
Risk-Adjusted Performance
Risk-Return Positioning
Risk-Adjusted Metrics
| Metric | PGR | RYAN |
|---|---|---|
| Sharpe Ratio (1Y) | 0.28 | -0.50 |
| Sortino Ratio (1Y) | 0.39 | -0.67 |
Profitability
ROE (TTM)
Both Progressive (PGR) at 33.24% and Ryan Specialty (RYAN) at 25.15% sit in the top peer quartile for ROE, suggesting each generates more profit from shareholders’ equity than typical industry peers.
PGR
Insurance industry group
33.24%
- Max
- 41.68%
- PGR
- 33.24%
- Q3
- 22.04%
- Median
- 14.81%
- Q1
- 8.79%
- Min
- -10.66%
RYAN
Insurance industry group
25.15%
- Max
- 41.68%
- RYAN
- 25.15%
- Q3
- 22.04%
- Median
- 14.81%
- Q1
- 8.79%
- Min
- -10.66%
Net Margin (TTM)
Progressive (PGR) at 12.67% keeps about the industry-typical share of revenue as profit, while Ryan Specialty (RYAN) at 3.27% retains only a bottom-quartile share.
PGR
Insurance industry group
12.67%
- Max
- 29.92%
- Q3
- 17.03%
- PGR
- 12.67%
- Median
- 10.97%
- Q1
- 6.21%
- Min
- -4.68%
RYAN
Insurance industry group
3.27%
- Max
- 29.92%
- Q3
- 17.03%
- Median
- 10.97%
- Q1
- 6.21%
- RYAN
- 3.27%
- Min
- -4.68%
Operating Margin (TTM)
Neither side reports a meaningful operating margin: for Progressive (PGR) in Insurance and Ryan Specialty (RYAN) in Insurance, funding costs are part of the core business, so net margin and ROE are the cleaner profitability reads.
Profitability Metrics
| Metric | PGR | RYAN |
|---|---|---|
| ROE (TTM) | 33.24% | 25.15% |
| ROA (TTM) | 7.53% | 3.79% |
| Net Margin (TTM) | 12.67% | 3.27% |
| Operating Margin (TTM) | -- | -- |
| Gross Margin (TTM) | -- | -- |
Growth
Revenue Growth
Both Progressive (PGR) at 16.32% and Ryan Specialty (RYAN) at 21.28% land near their industries' usual revenue growth ranges, so top-line momentum looks broadly in line with peers on both sides.
EPS Growth
Progressive (PGR) at 33.54% is around its peer norm for EPS growth, while Ryan Specialty (RYAN) at -33.80% drops into the bottom quartile, signaling weaker earnings momentum.
Growth Metrics
| Metric | PGR | RYAN |
|---|---|---|
| Revenue Growth (YoY) | 16.32% | 21.28% |
| Revenue Growth (3Y CAGR) | 20.90% | 20.93% |
| EPS Growth (YoY) | 33.54% | -33.80% |
| EPS Growth (3Y CAGR) | 153.53% | -3.31% |
Financial Strength
Current Ratio (MRQ)
current ratio doesn’t apply on either side: Progressive (PGR) in Insurance and Ryan Specialty (RYAN) 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 Ryan Specialty (RYAN) 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 | RYAN |
|---|---|---|
| Current Ratio (MRQ) | -- | -- |
| Debt / Equity (MRQ) | -- | -- |
| Net Debt / EBITDA | -- | -- |
Dividends
Dividend Yield (TTM)
Both Progressive (PGR) at 0.17% and Ryan Specialty (RYAN) at 1.06% 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%
RYAN
Insurance industry group
1.06%
- Max
- 5.12%
- Q3
- 2.15%
- RYAN
- 1.06%
- Median
- 0.98%
- Q1
- 0.00%
- Min
- 0.00%
Dividend Payout Ratio (TTM)
Both Progressive (PGR) at 70.03% and Ryan Specialty (RYAN) at 63.75% pay out an above-typical share of earnings for their industries, leaving thinner cover if profits dip.
PGR
Insurance industry group
70.03%
- Max
- 76.67%
- PGR
- 70.03%
- Q3
- 35.18%
- Median
- 14.74%
- Q1
- 0.00%
- Min
- 0.00%
RYAN
Insurance industry group
63.75%
- Max
- 76.67%
- RYAN
- 63.75%
- Q3
- 35.18%
- Median
- 14.74%
- Q1
- 0.00%
- Min
- 0.00%
Dividend Metrics
| Metric | PGR | RYAN |
|---|---|---|
| Dividend Yield (TTM) | 0.17% | 1.06% |
| Dividend Payout Ratio (TTM) | 70.03% | 63.75% |
Valuation
P/E Ratio (TTM)
Progressive (PGR) at 11.47 is near its industry’s usual P/E ratio, while Ryan Specialty (RYAN) at 59.66 sits above its peer range — an unusually expensive price for RYAN’s trailing earnings.
PGR
Insurance industry group
11.47
- Max
- 28.37
- Q3
- 18.75
- Median
- 12.23
- PGR
- 11.47
- Q1
- 9.08
- Min
- 2.32
RYAN
Insurance industry group
59.66
- RYAN
- 59.66
- Max
- 28.37
- Q3
- 18.75
- Median
- 12.23
- Q1
- 9.08
- Min
- 2.32
P/S Ratio (TTM)
Progressive (PGR) at 1.44 is priced about in line with its industry on P/S ratio, while Ryan Specialty (RYAN) at 3.78 sits in the pricier quartile — RYAN costs more per dollar of sales.
PGR
Insurance industry group
1.44
- Max
- 4.03
- Q3
- 2.25
- PGR
- 1.44
- Median
- 1.23
- Q1
- 0.85
- Min
- 0.07
RYAN
Insurance industry group
3.78
- Max
- 4.03
- RYAN
- 3.78
- Q3
- 2.25
- Median
- 1.23
- Q1
- 0.85
- Min
- 0.07
P/B Ratio (MRQ)
Both look rich against book: Progressive (PGR) at 3.82 sits in the upper P/B ratio quartile, and Ryan Specialty (RYAN) at 12.86 prices even higher, above its industry range.
PGR
Insurance industry group
3.82
- Max
- 5.07
- PGR
- 3.82
- Q3
- 2.79
- Median
- 1.76
- Q1
- 1.23
- Min
- 0.30
RYAN
Insurance industry group
12.86
- RYAN
- 12.86
- Max
- 5.07
- Q3
- 2.79
- Median
- 1.76
- Q1
- 1.23
- Min
- 0.30
Valuation Metrics
| Metric | PGR | RYAN |
|---|---|---|
| P/E Ratio (TTM) | 11.47 | 59.66 |
| P/S Ratio (TTM) | 1.44 | 3.78 |
| P/B Ratio (MRQ) | 3.82 | 12.86 |
| Free Cash Flow Yield (TTM) | -- | -- |