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Progressive vs Allstate: PGR and ALL compared
Progressive is the larger company: $23.2B of revenue in its latest quarter (Q3 2026) against $17.3B for Allstate (Q3 2026). Progressive is growing faster (+3% against +0.5% a year earlier). Allstate is more profitable, with an operating margin of 15.1% against 14.0%.
Where the money goes: PGR and ALL
Progressive (PGR) · Q3 2026
Progressive, Q3 2026: revenue $23.2B (+3% year over year), operating margin 14.0%, net earnings $2.5B, operating cash flow $4.5B. The chart follows the revenue to costs, profit and cash.
Allstate (ALL) · Q3 2026
Allstate, Q3 2026: revenue $17.3B (+0.5% year over year), operating margin 15.1%, net earnings $2.1B, operating cash flow $3.8B. The chart follows the revenue to costs, profit and cash.
| Progressive (PGR) | Allstate (ALL) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q3 2026 |
| Revenue | $23.2B | $17.3B |
| Revenue growth, Y/Y | +3% | +0.5% |
| Operating margin | 14.0% | 15.1% |
| Net earnings | $2.5B | $2.1B |
| Net margin | 11.0% | 12.0% |
| Operating cash flow | $4.5B | $3.8B |
| Free cash flow | $4.4B | $3.7B |
| Market value | $135.8B | $68.1B |
| P/E | 11.7× | 6.0× |
| Analysts’ mean target | $231.71 | $274.73 |
Questions
Which is bigger, Progressive or Allstate?
Progressive is the larger company: $23.2B of revenue in its latest quarter (Q3 2026) against $17.3B for Allstate (Q3 2026).
Is Progressive or Allstate growing faster?
Progressive is growing faster (+3% against +0.5% a year earlier).
Which is more profitable, Progressive or Allstate?
Allstate is more profitable, with an operating margin of 15.1% against 14.0%.
More: Progressive earnings · how Progressive makes money · Allstate earnings · how Allstate makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Nov 2, 2026; 10-Q filed Nov 4, 2026). Fiscal quarters can end on different dates. Not investment advice.