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Progressive vs Travelers Companies: PGR and TRV compared
Progressive is the larger company: $23.2B of revenue in its latest quarter (Q3 2026) against $12.4B for Travelers Companies (Q3 2026). Progressive is growing faster (+3% against -0.5% a year earlier). Travelers Companies is more profitable, with an operating margin of 19.1% against 14.0%.
Where the money goes: PGR and TRV
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.
Travelers Companies (TRV) · Q3 2026
Travelers Companies, Q3 2026: revenue $12.4B (-0.5% year over year), operating margin 19.1%, net earnings $1.9B, operating cash flow $3.9B. The chart follows the revenue to costs, profit and cash.
| Progressive (PGR) | Travelers Companies (TRV) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q3 2026 |
| Revenue | $23.2B | $12.4B |
| Revenue growth, Y/Y | +3% | -0.5% |
| Operating margin | 14.0% | 19.1% |
| Net earnings | $2.5B | $1.9B |
| Net margin | 11.0% | 15.4% |
| Operating cash flow | $4.5B | $3.9B |
| Free cash flow | $4.4B | — |
| Market value | $135.8B | $83.2B |
| P/E | 11.7× | 10.4× |
| Analysts’ mean target | $231.71 | $376.54 |
Questions
Which is bigger, Progressive or Travelers Companies?
Progressive is the larger company: $23.2B of revenue in its latest quarter (Q3 2026) against $12.4B for Travelers Companies (Q3 2026).
Is Progressive or Travelers Companies growing faster?
Progressive is growing faster (+3% against -0.5% a year earlier).
Which is more profitable, Progressive or Travelers Companies?
Travelers Companies is more profitable, with an operating margin of 19.1% against 14.0%.
More: Progressive earnings · how Progressive makes money · Travelers Companies earnings · how Travelers Companies makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Nov 2, 2026; 10-Q filed Oct 16, 2026). Fiscal quarters can end on different dates. Not investment advice.