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 ($136.1B and $124.2B). The Progressive Corporation trades at the lower P/E: 10.9× against 12.6×. Chubb Limited grew revenue faster over the last twelve months: 8.02% against 5.92%. Chubb Limited has the higher net margin (18.1% vs 12.9%) and the lower return on invested capital (9.52% vs 49.3%). Both pay a dividend; The Progressive Corporation yields more (6.36% vs 1.11%). Across the 21 metrics below, The Progressive Corporation leads on 15 and Chubb Limited on 6.

Valuation

Metric CB PGR Insurance Property & Casualty median
P/E 12.60 10.94 10.75
P/S 2.25 1.41 1.21
P/B 1.72 3.71 1.99
Price to free cash flow 9.06 7.95 7.76
EV/EBITDA — — —
EV/Sales — — —
Earnings yield 7.94% 9.14% 9.08%
Free cash flow yield 11.04% 12.57% 12.11%

Profitability

Metric CB PGR Insurance Property & Casualty median
Gross margin 31.02% 37.48% 41.16%
Operating margin 24.55% 37.48% 15.09%
Net margin 18.10% 12.88% 11.51%
Free cash flow margin 24.88% 0.00% 17.46%
Return on equity 14.41% 0.00% 17.34%
Return on assets 4.12% 9.32% 3.74%
Return on invested capital 9.52% 49.30% 12.06%

Growth

Metric CB PGR Insurance Property & Casualty median
Revenue growth (TTM) 8.02% 5.92% 8.02%
EPS growth (last fiscal year) 13.13% 33.54% 39.61%
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 0.28 0.42
Net debt to EBITDA 1.31 0.44 0.08

Dividend

Metric CB PGR Insurance Property & Casualty median
Dividend yield 1.11% 6.36% 1.50%
Payout ratio 0.14 0.70 0.14

Size

Metric CB PGR Insurance Property & Casualty median
Market cap 136.11b 124.21b 2.67b

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