Progressive (PGR) vs Palomar (PLMR)
Head-to-head comparison of performance, valuation, growth, profitability and dividends. Prices delayed 15 minutes; data as of Oct 10, 2026.
Summary
Palomar (PLMR) has outperformed Progressive (PGR) over the past year, gaining 9.2% versus a loss of 10.2%. Over five years, PGR leads with a +138.3% price change compared with +60.0% for PLMR. Progressive is the larger company by market cap ($126.20 billion vs $3.47 billion), about 36.4 times the size, while Palomar is growing revenue faster (+58.2% vs +16.3%).
On valuation, Palomar trades at a lower forward P/E (11.5x vs 13.3x for Progressive). Progressive pays a dividend yielding 0.18%, while Palomar does not currently pay one. Palomar converts more of its revenue into profit, with a net margin of 22.5% versus 12.9%.
Summary generated from market data by MetaCap's automated system. Methodology
Relative performance
Percent change in share price from the first common trading day shown; excludes dividends.
Head-to-head
| Metric | PGR | PLMR |
|---|---|---|
| Share price | $217.43 | $130.76 |
| Market cap | $126.20B | $3.47B |
| 1-day change | -0.59% | -0.52% |
| YTD return | -4.52% | -2.97% |
| 1-year return | -10.21% | +9.20% |
| 5-year return | +138.28% | +59.99% |
| P/E ratio (TTM) | 10.90 | 17.60 |
| Forward P/E | 13.29 | 11.52 |
| EPS (TTM) | $19.94 | $7.43 |
| Dividend yield | 0.18% | 1.38% |
| Annual dividend | $0.40 | $0.00 |
| Revenue (latest FY) | $87.67B | $875.97M |
| Revenue growth (YoY) | +16.32% | +58.16% |
| Net income (latest FY) | $11.31B | $197.07M |
| Net margin | 12.90% | 22.50% |
| 52-week high | $241.01 | $147.62 |
| 52-week low | $189.20 | $100.81 |
| Distance from 52-week high | -9.78% | -11.42% |
| Analyst consensus | hold | buy |
| Avg. price target upside | +7.07% | +22.49% |
| Average volume | 2.68M | 238.80K |
| Shares outstanding | 580.40M | 26.50M |
| Employees | 70,053 | 439 |
| Sector | Finance | Finance |
| Industry | Property-Casualty Insurers | Property-Casualty Insurers |
Highlighted cells mark the higher value for growth, returns, margins and yield, and the lower value for P/E ratios. Highlighting is a mechanical comparison, not a recommendation.
Key differences
- Progressive is about 36.4 times larger than Palomar by market value ($126.20B vs $3.47B).
- PLMR has outperformed PGR by 19.4 percentage points over the past year.
- Palomar trades at a higher earnings multiple (17.6x vs 10.9x trailing P/E).
- Palomar offers a meaningfully higher dividend yield (1.38% vs 0.18%).
- Palomar is more profitable, keeping 22.5 cents of every revenue dollar as net income versus 12.9 cents for Progressive.
- Palomar grew revenue faster in its latest fiscal year (+58.16% vs +16.32%).
About Progressive
PGR stock →The Progressive Corporation operates as an insurance company in the United States. It writes insurance for personal autos and special lines products, including motorcycles, RVs, and watercraft; and personal residential property insurance for homeowners and renters.
Finance · Property-Casualty Insurers · 70,053 employees
About Palomar
PLMR stock →Palomar Holdings, Inc., a specialty insurance company, provides property and casualty insurance to individuals and businesses in the United States. The company offers personal and commercial specialty insurance products, including residential and commercial earthquake; fronting; and inland marine and other property products, such as inland marine, Hawaii hurricane, excess national property, residential flood, and other property products, as well as assumed reinsurance and crop insurance products.
Finance · Property-Casualty Insurers · 439 employees
PGR vs PLMR FAQ
Which is bigger, Progressive or Palomar?
Progressive (PGR) is larger, with a market capitalization of $126.20B compared with $3.47B for Palomar (PLMR).
Which stock has performed better over the past year, PGR or PLMR?
PLMR returned +9.20% over the past 12 months, compared with -10.21% for PGR (price return, excluding dividends). Past performance does not predict future results.
Which has the lower P/E ratio, PGR or PLMR?
PGR has the lower trailing P/E at 10.9, versus 17.6 for PLMR. A lower P/E is not by itself a sign of a better investment; it can reflect slower expected growth or higher risk.
Which pays a higher dividend, Progressive or Palomar?
Palomar has the higher yield at 1.38%, compared with 0.18% for Progressive.
Are Progressive and Palomar in the same industry?
Yes. Both are classified in the Property-Casualty Insurers industry within the Finance sector.