PGR vs. TRV: Progressive vs. Travelers Stock Comparison

July 2, 2026

How do Progressive (PGR) and Travelers (TRV) 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 Travelers (TRV) are both classified in the Property & Casualty Insurance sub-industry within the broader Insurance industry, placing them in the closest GICS peer bucket.

Company profile comparison for Progressive (PGR) and Travelers (TRV)
Profile Item	PGR	TRV
Name	Progressive Corporation	The Travelers Companies, 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	Property & Casualty Insurance
Market Capitalization	127.18 billion USD	70.20 billion USD
Currency	USD	USD
Exchange	NYSE	NYSE
Listing Date	March 17, 1980	November 17, 1975
Security Type	Common Stock	Common Stock

Price Performance

Cumulative Growth

PGR

TRV

Progressive (PGR) vs. Travelers (TRV): Growth of a $10,000 investment over the past five years. Adjusted for dividends and splits.

Trailing Returns

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Trailing total returns for Progressive (PGR) and Travelers (TRV). Returns over one year are annualized.

Performance Metrics

Price performance metrics for Progressive (PGR) and Travelers (TRV)
Metric	PGR	TRV
Total Return (1Y)	-12.83%	25.35%

Risk Profile

Drawdown History

PGR

TRV

Progressive (PGR) vs. Travelers (TRV): Drawdown from the running peak over the past five years. Each line shows the decline from its prior peak; 0% marks a new high.

Risk Metrics

Risk profile metrics for Progressive (PGR) and Travelers (TRV)
Metric	PGR	TRV
Volatility (1Y, Annualized)	23.25%	18.78%
Beta (5Y)	0.26	0.46
Avg. Volume (3M)	3.13M	1.64M

Risk-Adjusted Performance

Risk-Return Positioning

PGR and TRV are plotted by 1-year volatility (risk) and 1-year return. The dashed Capital Allocation Line runs from the risk-free rate through the shared industry median.

Profitability

ROE (TTM)

Both Progressive (PGR) at 37.90% and Travelers (TRV) at 25.27% sit in the top peer quartile for ROE, suggesting each generates more profit from shareholders’ equity than typical industry peers.

PGR

Insurance industry group

37.90%

Max: 38.88%
PGR: 37.90%
Q3: 22.53%
Median: 14.77%
Q1: 9.91%
Min: -6.23%

TRV

Insurance industry group

25.27%

Max: 38.88%
TRV: 25.27%
Q3: 22.53%
Median: 14.77%
Q1: 9.91%
Min: -6.23%

Progressive (PGR) vs. Travelers (TRV): A comparison of their ROE against the Insurance industry group benchmark.

Net Margin (TTM)

Both Progressive (PGR) at 12.93% and Travelers (TRV) at 15.54% keep about the typical share of revenue as profit for their industries — neither bottom line stands out from peers.

PGR

Insurance industry group

12.93%

Max: 38.86%
Q3: 19.36%
PGR: 12.93%
Median: 11.07%
Q1: 5.09%
Min: -2.80%

TRV

Insurance industry group

15.54%

Max: 38.86%
Q3: 19.36%
TRV: 15.54%
Median: 11.07%
Q1: 5.09%
Min: -2.80%

Progressive (PGR) vs. Travelers (TRV): A comparison of their net margin against the Insurance industry group benchmark.

Operating Margin (TTM)

Neither side reports a meaningful operating margin: for Progressive (PGR) in Insurance and Travelers (TRV) in Insurance, funding costs are part of the core business, so net margin and ROE are the cleaner profitability reads.

Profitability Metrics

Profitability metrics for Progressive (PGR) and Travelers (TRV)
Metric	PGR	TRV
ROE (TTM)	37.90%	25.27%
ROA (TTM)	7.94%	4.44%
Net Margin (TTM)	12.93%	15.54%
Operating Margin (TTM)	--	--
Gross Margin (TTM)	--	--

Growth

Revenue Growth

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

Revenue Growth Metrics

Revenue growth metrics for Progressive (PGR) and Travelers (TRV)
Metric	PGR	TRV
Revenue Growth (YoY)	16.32%	5.17%
Revenue Growth (3Y CAGR)	20.90%	9.79%

EPS Growth

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

EPS Growth Metrics

EPS growth metrics for Progressive (PGR) and Travelers (TRV)
Metric	PGR	TRV
EPS Growth (YoY)	33.54%	27.76%
EPS Growth (3Y CAGR)	153.53%	32.58%

Financial Strength

Current Ratio (MRQ)

current ratio doesn’t apply on either side: Progressive (PGR) in Insurance and Travelers (TRV) 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 Travelers (TRV) 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

Financial strength metrics for Progressive (PGR) and Travelers (TRV)
Metric	PGR	TRV
Current Ratio (MRQ)	--	--
Debt / Equity (MRQ)	--	--
Net Debt / EBITDA	--	--

Dividends

Dividend Yield (TTM)

Both Progressive (PGR) at 0.18% and Travelers (TRV) at 1.33% pay solid, industry-typical yields, sitting squarely within their peers’ usual range.

PGR

Insurance industry group

0.18%

Max: 5.58%
Q3: 2.46%
Median: 1.18%
PGR: 0.18%
Q1: 0.00%
Min: 0.00%

TRV

Insurance industry group

1.33%

Max: 5.58%
Q3: 2.46%
TRV: 1.33%
Median: 1.18%
Q1: 0.00%
Min: 0.00%

Progressive (PGR) vs. Travelers (TRV): A comparison of their dividend yield against the Insurance industry group benchmark.

Dividend Payout Ratio (TTM)

Travelers (TRV) at 13.13% pays out a band-typical share of earnings, while Progressive (PGR) at 70.70% distributes more than its industry norm — less retained, thinner cover.

PGR

Insurance industry group

70.70%

Max: 86.52%
PGR: 70.70%
Q3: 35.43%
Median: 14.92%
Q1: 0.00%
Min: 0.00%

TRV

Insurance industry group

13.13%

Max: 86.52%
Q3: 35.43%
Median: 14.92%
TRV: 13.13%
Q1: 0.00%
Min: 0.00%

Progressive (PGR) vs. Travelers (TRV): A comparison of their payout ratio against the Insurance industry group benchmark.

Dividend Metrics

Dividend metrics for Progressive (PGR) and Travelers (TRV)
Metric	PGR	TRV
Dividend Yield (TTM)	0.18%	1.33%
Dividend Payout Ratio (TTM)	70.70%	13.13%

Valuation

P/E Ratio (TTM)

Both Progressive (PGR) at 11.11 and Travelers (TRV) at 9.85 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

11.11

Max: 28.97
Q3: 17.55
Median: 13.05
PGR: 11.11
Q1: 8.85
Min: 3.65

TRV

Insurance industry group

9.85

Max: 28.97
Q3: 17.55
Median: 13.05
TRV: 9.85
Q1: 8.85
Min: 3.65

Progressive (PGR) vs. Travelers (TRV): A comparison of their P/E ratio against the Insurance industry group benchmark.

P/S Ratio (TTM)

On P/S ratio, both Progressive (PGR) at 1.42 and Travelers (TRV) at 1.43 are priced roughly in line with their industries — neither looks cheap nor rich on a sales basis.

PGR

Insurance industry group

1.42

Max: 4.36
Q3: 2.32
PGR: 1.42
Median: 1.25
Q1: 0.86
Min: 0.09

TRV

Insurance industry group

1.43

Max: 4.36
Q3: 2.32
TRV: 1.43
Median: 1.25
Q1: 0.86
Min: 0.09

Progressive (PGR) vs. Travelers (TRV): A comparison of their P/S ratio against the Insurance industry group benchmark.

P/B Ratio (MRQ)

Travelers (TRV) at 2.19 is valued about in line with its industry on P/B ratio, while Progressive (PGR) at 3.98 carries an above-peer premium to book — PGR is pricier on assets.

PGR

Insurance industry group

3.98

PGR: 3.98
Max: 3.98
Q3: 2.56
Median: 1.75
Q1: 1.21
Min: -0.15

TRV

Insurance industry group

2.19

Max: 3.98
Q3: 2.56
TRV: 2.19
Median: 1.75
Q1: 1.21
Min: -0.15

Progressive (PGR) vs. Travelers (TRV): A comparison of their P/B ratio against the Insurance industry group benchmark.

Valuation Metrics

Valuation metrics for Progressive (PGR) and Travelers (TRV)
Metric	PGR	TRV
P/E Ratio (TTM)	11.11	9.85
P/S Ratio (TTM)	1.42	1.43
P/B Ratio (MRQ)	3.98	2.19
Free Cash Flow Yield (TTM)	--	--