PGR vs. WRB: Progressive vs. W. R. Berkley Stock Comparison
How do Progressive (PGR) and W. R. Berkley (WRB) 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 W. R. Berkley (WRB) are both classified in the Property & Casualty Insurance sub-industry within the broader Insurance industry, placing them in the closest GICS peer bucket.
| Profile Item | PGR | WRB |
|---|---|---|
| Name | The Progressive Corporation | W. R. Berkley Corporation |
| 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 | 131.96 billion USD | 27.95 billion USD |
| Currency | USD | USD |
| Exchange | NYSE | NYSE |
| Listing Date | March 17, 1980 | October 23, 1973 |
| Security Type | Common Stock | Common Stock |
Price Performance
Cumulative Growth
Trailing Returns
Calendar-Year Returns
Performance Metrics
| Metric | PGR | WRB |
|---|---|---|
| Total Return (1Y) | 11.71% | 4.12% |
| Total Return (3Y, Annualized) | 15.84% | 21.96% |
| Total Return (5Y, Annualized) | 21.68% | 18.80% |
Risk Profile
Drawdown History
Return Distribution
Risk Metrics
| Metric | PGR | WRB |
|---|---|---|
| Volatility (1Y, Annualized) | 26.37% | 22.41% |
| Beta (5Y) | 0.22 | 0.21 |
| Max Drawdown (5Y) | -30.35% | -26.29% |
| Avg. Volume (3M) | 2.59M | 2.52M |
Risk-Adjusted Performance
Risk-Return Positioning
Risk-Adjusted Metrics
| Metric | PGR | WRB |
|---|---|---|
| Sharpe Ratio (1Y) | 0.28 | -0.01 |
| Sortino Ratio (1Y) | 0.39 | -0.01 |
Profitability
ROE (TTM)
Progressive (PGR) at 33.24% sits in the top ROE quartile, while W. R. Berkley (WRB) at 19.26% 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%
WRB
Insurance industry group
19.26%
- Max
- 41.68%
- Q3
- 22.04%
- WRB
- 19.26%
- Median
- 14.81%
- Q1
- 8.79%
- Min
- -10.66%
Net Margin (TTM)
Both Progressive (PGR) at 12.67% and W. R. Berkley (WRB) at 12.53% 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%
WRB
Insurance industry group
12.53%
- Max
- 29.92%
- Q3
- 17.03%
- WRB
- 12.53%
- Median
- 10.97%
- Q1
- 6.21%
- Min
- -4.68%
Operating Margin (TTM)
Neither side reports a meaningful operating margin: for Progressive (PGR) in Insurance and W. R. Berkley (WRB) in Insurance, funding costs are part of the core business, so net margin and ROE are the cleaner profitability reads.
Profitability Metrics
| Metric | PGR | WRB |
|---|---|---|
| ROE (TTM) | 33.24% | 19.26% |
| ROA (TTM) | 7.53% | 3.43% |
| Net Margin (TTM) | 12.67% | 12.53% |
| Operating Margin (TTM) | -- | -- |
| Gross Margin (TTM) | -- | -- |
Growth
Revenue Growth
Both Progressive (PGR) at 16.32% and W. R. Berkley (WRB) at 6.93% land near their industries' usual revenue growth ranges, so top-line momentum looks broadly in line with peers on both sides.
EPS Growth
Both Progressive (PGR) at 33.54% and W. R. Berkley (WRB) at 2.06% land near their industries' usual EPS growth ranges, so bottom-line momentum looks broadly in line with peers on both sides.
Growth Metrics
| Metric | PGR | WRB |
|---|---|---|
| Revenue Growth (YoY) | 16.32% | 6.93% |
| Revenue Growth (3Y CAGR) | 20.90% | 9.28% |
| EPS Growth (YoY) | 33.54% | 2.06% |
| EPS Growth (3Y CAGR) | 153.53% | 10.55% |
Financial Strength
Current Ratio (MRQ)
current ratio doesn’t apply on either side: Progressive (PGR) in Insurance and W. R. Berkley (WRB) 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 W. R. Berkley (WRB) 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 | WRB |
|---|---|---|
| Current Ratio (MRQ) | -- | -- |
| Debt / Equity (MRQ) | -- | -- |
| Net Debt / EBITDA | -- | -- |
Dividends
Dividend Yield (TTM)
Both Progressive (PGR) at 0.17% and W. R. Berkley (WRB) at 0.49% 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%
WRB
Insurance industry group
0.49%
- Max
- 5.12%
- Q3
- 2.15%
- Median
- 0.98%
- WRB
- 0.49%
- Q1
- 0.00%
- Min
- 0.00%
Dividend Payout Ratio (TTM)
W. R. Berkley (WRB) at 8.03% 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%
WRB
Insurance industry group
8.03%
- Max
- 76.67%
- Q3
- 35.18%
- Median
- 14.74%
- WRB
- 8.03%
- Q1
- 0.00%
- Min
- 0.00%
Dividend Metrics
| Metric | PGR | WRB |
|---|---|---|
| Dividend Yield (TTM) | 0.17% | 0.49% |
| Dividend Payout Ratio (TTM) | 70.03% | 8.03% |
Valuation
P/E Ratio (TTM)
Both Progressive (PGR) at 11.47 and W. R. Berkley (WRB) at 15.90 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
WRB
Insurance industry group
15.90
- Max
- 28.37
- Q3
- 18.75
- WRB
- 15.90
- Median
- 12.23
- Q1
- 9.08
- Min
- 2.32
P/S Ratio (TTM)
On P/S ratio, both Progressive (PGR) at 1.44 and W. R. Berkley (WRB) at 1.88 are priced roughly in line with their industries — neither looks cheap nor rich on a sales basis.
PGR
Insurance industry group
1.44
- Max
- 4.03
- Q3
- 2.25
- PGR
- 1.44
- Median
- 1.23
- Q1
- 0.85
- Min
- 0.07
WRB
Insurance industry group
1.88
- Max
- 4.03
- Q3
- 2.25
- WRB
- 1.88
- Median
- 1.23
- Q1
- 0.85
- Min
- 0.07
P/B Ratio (MRQ)
Both Progressive (PGR) at 3.82 and W. R. Berkley (WRB) at 3.04 carry a premium to book value versus peers, sitting in the upper P/B ratio quartile of their industries.
PGR
Insurance industry group
3.82
- Max
- 5.07
- PGR
- 3.82
- Q3
- 2.79
- Median
- 1.76
- Q1
- 1.23
- Min
- 0.30
WRB
Insurance industry group
3.04
- Max
- 5.07
- WRB
- 3.04
- Q3
- 2.79
- Median
- 1.76
- Q1
- 1.23
- Min
- 0.30
Valuation Metrics
| Metric | PGR | WRB |
|---|---|---|
| P/E Ratio (TTM) | 11.47 | 15.90 |
| P/S Ratio (TTM) | 1.44 | 1.88 |
| P/B Ratio (MRQ) | 3.82 | 3.04 |
| Free Cash Flow Yield (TTM) | -- | -- |