The Progressive Corporation (PGR) vs The Travelers Companies, Inc. (TRV)

The Progressive Corporation and The Travelers Companies, Inc. are both Insurance Property & Casualty companies. The Progressive Corporation is the larger, with a market value of $117.7B against $75.6B — 1.6× the size. The Travelers Companies, Inc. trades at the lower P/E: 9.6× against 10.3×. The Progressive Corporation grew revenue faster over the last twelve months: 10.5% against 2.39%. The Travelers Companies, Inc. has the higher net margin (16.8% vs 12.8%) and the lower return on invested capital (16.2% vs 23.0%). Both pay a dividend; The Travelers Companies, Inc. yields more (1.94% vs 1.71%). Across the 23 metrics below, The Travelers Companies, Inc. leads on 13 and The Progressive Corporation on 10.

Valuation

Metric PGR TRV Insurance Property & Casualty median
P/E 10.29 9.58 10.29
P/S 1.32 1.56 1.17
P/B 3.49 2.31 1.83
Price to free cash flow 7.48 6.97 7.48
EV/EBITDA 8.08 4.53 7.49
EV/Sales 1.41 1.73 1.13
Earnings yield 9.72% 10.44% 9.50%
Free cash flow yield 13.37% 14.35% 13.29%

Profitability

Metric PGR TRV Insurance Property & Casualty median
Gross margin 17.21% 49.51% 41.16%
Operating margin 17.21% 22.03% 15.09%
Net margin 12.84% 16.83% 11.51%
Free cash flow margin 17.59% 22.40% 17.59%
Return on equity 34.94% 26.32% 18.19%
Return on assets 9.73% 5.84% 3.74%
Return on invested capital 23.03% 16.22% 12.06%

Growth

Metric PGR TRV Insurance Property & Casualty median
Revenue growth (TTM) 10.49% 2.39% 8.69%
EPS growth (last fiscal year) 33.54% 27.76% —
Revenue growth, 5-year CAGR 15.50% 8.83% 9.23%
Net income growth, 5-year CAGR 14.77% 18.44% 10.09%

Health

Metric PGR TRV Insurance Property & Casualty median
Debt to equity 0.24 0.27 0.25
Current ratio 0.26 0.27 0.42
Net debt to EBITDA 0.44 0.52 0.08

Dividend

Metric PGR TRV Insurance Property & Casualty median
Dividend yield 1.71% 1.94% 2.79%
Payout ratio 0.14 0.40 0.27

Size

Metric PGR TRV Insurance Property & Casualty median
Market cap 117.67b 75.59b 2.44b

Compare with another peer

Any metric, up to five companies and an Excel export Powerpack