Chubb Limited (CB) vs The Progressive Corporation (PGR)

Chubb Limited and The Progressive Corporation are both Insurance Property & Casualty companies. Chubb Limited and The Progressive Corporation are of similar size ($129.3B and $117.7B). The Progressive Corporation trades at the lower P/E: 10.3× against 11.7×. The Progressive Corporation grew revenue faster over the last twelve months: 10.5% against 8.02%. Chubb Limited has the higher net margin (18.1% vs 12.8%) and the lower return on invested capital (9.52% vs 23.0%). Both pay a dividend; The Progressive Corporation yields more (1.71% vs 1.46%). Across the 23 metrics below, The Progressive Corporation leads on 17 and Chubb Limited on 6.

Valuation

Metric CB PGR Insurance Property & Casualty median
P/E 11.68 10.29 10.29
P/S 2.09 1.32 1.17
P/B 1.60 3.49 1.83
Price to free cash flow 8.40 7.48 7.48
EV/EBITDA 9.83 8.08 7.49
EV/Sales 2.39 1.41 1.13
Earnings yield 8.56% 9.72% 9.50%
Free cash flow yield 11.91% 13.37% 13.29%

Profitability

Metric CB PGR Insurance Property & Casualty median
Gross margin 31.02% 17.21% 41.16%
Operating margin 24.55% 17.21% 15.09%
Net margin 18.10% 12.84% 11.51%
Free cash flow margin 24.88% 17.59% 17.59%
Return on equity 14.41% 34.94% 18.19%
Return on assets 4.12% 9.73% 3.74%
Return on invested capital 9.52% 23.03% 12.06%

Growth

Metric CB PGR Insurance Property & Casualty median
Revenue growth (TTM) 8.02% 10.49% 8.69%
EPS growth (last fiscal year) 13.13% 33.54% —
Revenue growth, 5-year CAGR 10.54% 15.50% 9.23%
Net income growth, 5-year CAGR 23.89% 14.77% 10.09%

Health

Metric CB PGR Insurance Property & Casualty median
Debt to equity 0.27 0.24 0.25
Current ratio 0.25 0.26 0.42
Net debt to EBITDA 1.31 0.44 0.08

Dividend

Metric CB PGR Insurance Property & Casualty median
Dividend yield 1.46% 1.71% 2.79%
Payout ratio 0.24 0.14 0.27

Size

Metric CB PGR Insurance Property & Casualty median
Market cap 129.34b 117.67b 2.44b

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