AIZ vs TRV vs PGR Stock Comparison

Assurant, Travelers Companies and Progressive Prices as of Nov 2, 2026 Peers: Industry group
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AIZ Assurant, Inc.
$297.30 +11.2% 1M +40.4% 1Y
Market cap
$15.16B
P/E
14.3x
Revenue (TTM)
$13.46B
Div. yield
0.01%
Property and Casualty Insurance Financial Services
1 win
TRV Travelers Companies, Inc.
$398.88 +10.7% 1M +48.5% 1Y
Market cap
$85.15B
P/E
10.3x
Revenue (TTM)
$48.98B
Div. yield
0.01%
Property and Casualty Insurance Financial Services
7 wins
PGR Progressive Corp/Oh/
$234.10 +11.3% 1M +13.6% 1Y
Market cap
$135.87B
P/E
11.6x
Revenue (TTM)
$91.06B
Div. yield
0.06%
Property and Casualty Insurance Financial Services
4 wins

Head to Head

12 decided of 12

Travelers Companies leads on 7 of the 12 questions below (Travelers Companies 7, Progressive 4, Assurant 1). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionAIZTRVPGRLeader
Larger companyMarket capitalisation $15.16B $85.15B $135.87B PGR
Cheaper on earningsLower P/E, profitable companies only 14.3x 10.3x 11.6x TRV
Cheaper on forward earningsLower price / next fiscal year consensus EPS 12.8x 11.5x 12.9x TRV
Faster revenue growthRevenue growth, trailing twelve months +9.4% +2.4% +10.5% PGR
More profitableNet margin, trailing twelve months 7.9% 17.0% 12.8% TRV
Better return on capitalReturn on invested capital 14.1% 20.8% 28.7% PGR
Less leveragedLower net debt / EBITDA 0.1x 0.2x 0.2x AIZ
Higher dividend yieldTrailing dividend yield 0.01% 0.01% 0.06% PGR
Better 1-year returnPrice return, last 12 months +40.4% +48.5% +13.6% TRV
Better 5-year returnAnnualised price return, 5 years +12.4%/yr +20.0%/yr +19.7%/yr TRV
Less volatileAnnualised volatility, 1 year 22.4% 20.6% 27.6% TRV
Higher overall scoreMean of the five percentile scores vs peers 53/100 70/100 64/100 TRV

Percentile Scorecard

AIZTRVPGR

Each axis is the mean percentile of its metrics against the company's industry group. 100 is the best in the group, 50 the middle.

Scores by Axis

AxisAIZTRVPGR
Valuation 48 #63 of 119 53 #56 of 119 40 #72 of 119
Growth 74 #31 of 116 78 #26 of 116 64 #43 of 116
Profitability 55 #53 of 116 88 #15 of 116 78 #26 of 116
Financial Health 33 #79 of 118 57 #51 of 118 69 #37 of 118
Shareholder Returns 57 #47 of 108 75 #28 of 108 71 #32 of 108
Overall 53 70 64
  • AIZ ranked among 126 companies in Insurance
  • TRV ranked among 126 companies in Insurance
  • PGR ranked among 126 companies in Insurance

Price Performance

Price return, split-adjusted, before dividends. Click a name to hide or show it.

Returns

PeriodAIZTRVPGRSPY
1 month +11.2%+10.7%+11.3% -2.3%
3 months +5.2%+6.7%+11.3% -0.7%
6 months +29.8%+32.3%+17.5% +4.8%
Year to date +23.4%+37.5%+2.8% +10.3%
1 year +40.4%+48.5%+13.6% +10.3%
3 years +81.8%+136.9%+49.9% +73.0%
3 years, per year +22.1%+33.3%+14.4% +20.1%
5 years +79.6%+148.9%+146.0% +61.9%
5 years, per year +12.4%+20.0%+19.7% +10.1%
10 years +277.7%+277.7%+652.2% +258.6%
10 years, per year +14.2%+14.2%+22.4% +13.6%

Risk

MeasureAIZTRVPGRSPY
Volatility, 1Y 22.4%20.6%27.6% 12.8%
Downside volatility, 1Y 23.0%18.0%30.3% 12.8%
Beta vs S&P 500, 1Y 0.11-0.16-0.52 1.00
Return / volatility, 1Y 1.802.350.49 0.80
Max drawdown, 5Y -45.7%-19.8%-34.6% -25.4%
From 52-week high -1.4%-1.6%-1.0% -3.5%
52-week high $301.46$405.41$236.36 $779.14
52-week low $211.86$267.66$190.40 $631.97

Valuation History

Weekly multiples on trailing twelve-month fundamentals. Negative or extreme readings (a loss year, a collapsed denominator) are left out so the chart stays readable.

MultipleAIZTRVPGR
P/E now vs peer median 13.8xmedian 10.9x 10.1xmedian 10.9x 11.7xmedian 10.9x
P/S now vs peer median 1.1xmedian 1.4x 1.7xmedian 1.4x 1.5xmedian 1.4x
EV/EBITDA now vs peer median 8.7xmedian 7.6x 4.7xmedian 7.6x 9.1xmedian 7.6x
P/FCF now vs peer median 8.9xmedian 8.6x 7.6xmedian 8.6x 8.5xmedian 8.6x
P/B now vs peer median 2.4xmedian 1.5x 2.5xmedian 1.5x 4.0xmedian 1.5x
PEG now vs peer median 0.28median 0.61 0.17median 0.61 0.13median 0.61

Financial History

Reported figures by fiscal period, placed on the calendar year (or quarter) each period ended in, so companies with different fiscal years line up.

Trailing twelve monthsAIZTRVPGR
Revenue $13.46B $48.98B $91.06B
Gross profit $10.51B $24.25B $35.11B
Operating income $1.44B $10.79B $15.08B
Net income $1.06B $8.30B $11.70B
Free cash flow $1.66B $10.97B $15.95B
EPS (diluted) $21.34 $38.87 $20.02
Cash & equivalents $1.70B – $193.00M
Total debt $2.21B $9.07B $8.39B
Shares (diluted) 49.83M 213.60M 584.20M
Enterprise value $6.94B $61.39B $111.70B

All Metrics

58 metrics · best in bold

Bold marks the best reading: the lowest positive value for multiples, leverage and payout, the highest for everything else. The bar under each value is its percentile against that company's own peers. Hover a value for its rank and the peer median.

Valuation

12 metrics
MetricAIZTRVPGR
P/E 13.8x 10.1x 11.7x
P/FCF 8.9x 7.6x 8.5x
P/Operating cash flow 7.8x 7.5x 8.3x
P/S 1.1x 1.7x 1.5x
P/B 2.4x 2.5x 4.0x
P/Tangible book 2.6x 2.5x 4.0x
EV/EBITDA 8.7x 4.7x 9.1x
EV/EBIT 10.3x 8.1x 9.3x
EV/Revenue 1.1x 1.8x 1.5x
EV/FCF 9.0x 8.0x 8.7x
EV/Operating cash flow 7.9x 8.0x 8.5x
PEG (3Y EPS CAGR) 0.28 0.17 0.13

Growth

14 metrics
MetricAIZTRVPGR
Revenue growth (1Y) 9.4% 2.4% 10.5%
Revenue CAGR (3Y) 8.4% 8.1% 17.7%
Gross profit growth (1Y) 12.4% 21.2% 15.1%
Gross profit CAGR (3Y) 9.4% 21.4% –
Operating income growth (1Y) 46.8% 56.4% 12.4%
Operating income CAGR (3Y) 36.6% 57.7% –
Net income growth (1Y) 48.3% 58.3% 12.1%
Net income CAGR (3Y) 45.5% 54.9% 88.6%
EPS growth (1Y) 53.5% 69.9% 12.8%
EPS CAGR (3Y) 49.3% 58.7% 90.0%
Operating cash flow growth (1Y) 56.3% 14.5% -2.7%
Operating cash flow CAGR (3Y) 10.9% 20.0% 28.3%
Free cash flow growth (1Y) 70.9% 14.3% -3.2%
Free cash flow CAGR (3Y) 12.2% 20.1% 28.9%

Profitability

14 metrics
MetricAIZTRVPGR
Gross margin 78.1% 49.5% 38.6%
EBITDA margin 12.7% 38.2% 16.9%
Operating margin 10.7% 22.0% 16.6%
Pretax margin 9.9% 21.1% 16.2%
Net margin 7.9% 17.0% 12.8%
FCF margin 12.3% 22.4% 17.5%
Operating cash flow margin 13.9% 22.5% 17.9%
Return on equity 17.8% 25.5% 35.2%
Return on assets 3.0% 5.8% 9.5%
Return on invested capital 14.1% 20.8% 28.7%
Return on capital employed – – –
Asset turnover 0.4x 0.3x 0.7x
Cash conversion (OCF / net income) 1.8x 1.3x 1.4x
Stock comp / revenue 0.7% – 0.1%

Financial Health

11 metrics
MetricAIZTRVPGR
Debt / assets 6.1% 6.3% 6.7%
Debt / equity 0.4x 0.3x 0.2x
Net debt / EBITDA 0.1x 0.2x 0.2x
Debt / FCF 1.3x 0.8x 0.5x
Liabilities / assets 83.1% 76.9% 72.5%
Equity / assets 16.9% 23.1% 27.5%
Interest coverage 12.8x 23.7x 50.8x
Current ratio – – –
Quick ratio – – –
Cash ratio – – –
Altman Z-score – – –

Shareholder Returns

7 metrics
MetricAIZTRVPGR
Dividend yield 1.2% 1.2% 5.9%
Net buyback yield 2.6% 6.2% 0.8%
Shareholder yield 3.8% 7.4% 6.8%
Payout ratio (earnings) 16.6% 11.9% 69.7%
Payout ratio (FCF) 10.7% 9.0% 51.1%
Dividend growth (1Y) 8.9% 2.2% 183.8%
Dividend CAGR (3Y) 5.4% 3.7% 226.5%

Analyst Estimates

Solid lines are reported fiscal-year results; dashed lines are the consensus for the years ahead. Hover a year for the analysts' high and low, and how each result compared with its estimate.

ConsensusAIZTRVPGR
Forward P/E 12.8xFY2026 11.5xFY2026 12.9xFY2026
EPS, next fiscal year $23.08FY2026 $34.25FY2026 $17.71FY2026
EPS growth, next FY +16.7%FY2026 +24.1%FY2026 -1.9%FY2026
EPS growth, the year after -2.2% -15.0% -11.2%
Revenue, next fiscal year $13.27BFY2026 $42.57BFY2026 $91.77BFY2026
Revenue growth, next FY +3.6%FY2026 -4.1%FY2026 +10.3%FY2026
Revenue growth, the year after +14.0% +2.2% -4.9%
AIZ estimates →TRV estimates →PGR estimates →

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersAIZTRVPGR
Held by institutions 98.2% 87.3% 87.2%
Institutions holding 613 1,840 1,825
Change in shares held, QoQ +3.3% +18.2% +0.5%
Institutions buying 325 877 894
Institutions selling 198 604 695
Buyers to sellers 1.64 1.45 1.29
AIZ holders →TRV holders →PGR holders →

Return Correlation

Daily returns, last 12 months

1.00 means two stocks move in lockstep, 0 that they move independently. Pairs below about 0.5 diversify each other.

AIZTRVPGR
AIZ 1.00 0.47 0.30
TRV 0.47 1.00 0.55
PGR 0.30 0.55 1.00

Add a Peer

Largest companies in the same industry
AIZ · Property and Casualty Insurance
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Plot all 120 Property and Casualty Insurance stocks →

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Frequently Asked Questions

Which is bigger, AIZ, TRV and PGR?

Progressive (PGR) is the largest by market capitalisation: Assurant (AIZ) $15.16B, Travelers Companies (TRV) $85.15B, Progressive (PGR) $135.87B.

Which stock is cheaper, AIZ, TRV and PGR?

Travelers Companies (TRV) trades on the lowest price-to-earnings ratio (Assurant (AIZ) 14.3x, Travelers Companies (TRV) 10.3x, Progressive (PGR) 11.6x). On next year's consensus earnings, Travelers Companies (TRV) is cheapest (Assurant (AIZ) 12.8x, Travelers Companies (TRV) 11.5x, Progressive (PGR) 12.9x). A lower multiple can reflect slower expected growth, so read it next to the growth figures.

Which company is growing faster?

Progressive (PGR) grew revenue fastest over the trailing twelve months: Assurant (AIZ) +9.4%, Travelers Companies (TRV) +2.4%, Progressive (PGR) +10.5%.

Which company is more profitable?

Travelers Companies (TRV) has the highest net margin (Assurant (AIZ) 7.9%, Travelers Companies (TRV) 17.0%, Progressive (PGR) 12.8%). On return on invested capital, Progressive (PGR) leads (Assurant (AIZ) 14.1%, Travelers Companies (TRV) 20.8%, Progressive (PGR) 28.7%).

Which stock has performed better?

Over the past year Travelers Companies (TRV) returned the most: Assurant (AIZ) +40.4%, Travelers Companies (TRV) +48.5%, Progressive (PGR) +13.6%. Over five years, Travelers Companies (TRV) compounded fastest (Assurant (AIZ) +12.4%/yr, Travelers Companies (TRV) +20.0%/yr, Progressive (PGR) +19.7%/yr). Returns are price only, before dividends.

Which pays a higher dividend?

Progressive (PGR) has the highest dividend yield: Assurant (AIZ) 0.01%, Travelers Companies (TRV) 0.01%, Progressive (PGR) 0.06%.

Which stock is riskier?

By one-year price volatility, Travelers Companies (TRV) has been the steadiest (Assurant (AIZ) 22.4%, Travelers Companies (TRV) 20.6%, Progressive (PGR) 27.6%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, AIZ, TRV and PGR?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, Travelers Companies (TRV) leads on 7. Business Quant does not give investment advice; use the comparison as a starting point for your own research.

Data from SEC filings, exchange prices and consensus estimates, via Business Quant. Percentile scores compare each company with its own peer group, so two companies' scores are each relative to different peers unless you rank against the whole market. Price returns exclude dividends. Nothing on this page is investment advice.