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Stock Comparison · Industry comparison · Insurance - Property & Casualt

Hiscox vs The Progressive: Which Stock Looks Stronger in 2026?

The Progressive holds the cleaner structural position, with stability as the main driver and profitability adding further support. Hiscox still has the edge on profitability, which keeps the comparison from looking entirely one-sided. In the market, Hiscox carries the stronger setup — intact trend against The Progressive's broken trend. That leaves a split case: the structural lead stays with The Progressive, but the market is not currently confirming it.

The comparison is based on similar long-term financial trajectories, not sector labels. Peer scores are normalised within each company's primary universe (HSX.L: STOXX 600, PGR: Russell 1000).

Updated 2026-07-05

Stability still does most of the heavy lifting in this comparison.

INDUSTRY COMPARISON

Both operate in: Insurance - Property & Casualty

This comparison is based on industry proximity, not on functional trajectory similarity. HSX.L and PGR share the same industry classification.

For a similarity-based comparison, see how Hiscox and The Progressive each position within their functional peer groups in AssetNext.

Peer-Relative Score
HSX.L
Hiscox Ltd
64
Peer-Score
Signal qualitylow
Peer basis: STOXX 600
vs
PGR
The Progressive Corporation
70
Peer-Score
Signal qualitylow
Peer basis: Russell 1000

Scores reflect position relative to comparable companies with similar long-term financial trajectories.

The clearest separation appears in stability.

Dimension spread: HSX.L vs PGR Profitability 97 62 Stability 26 90 Valuation 70 87 Growth 41 37 HSX.L PGR
Gap Ranking
#1 Stability +64
#2 Profitability +35
#3 Valuation +17
#4 Growth +4
Price Setup

Left means cheaper relative valuation. Higher means stronger structure.

Price setup map for HSX.L and PGR Stronger + cheaper Stronger + richer Weaker + cheaper Weaker + richer HSX.LPGR Relative valuation Structural strength

The Progressive Corporation looks stronger on relative valuation, while the broader price setup remains mixed.

Valuation position uses peer-relative PE percentile (idx_pct_pe) where available.

Relative Position vs Comparable Companies
Stability
The Progressive Corporation ranks near the top of the group on stability; Hiscox Ltd sits in the weaker half.
Profitability
On profitability, the same pattern holds: both are strong, but Hiscox Ltd still leads clearly.
Stability — Dominant Gap
HSX.L
26
PGR
90
Gap+64in favour of PGR

The stability gap is very wide, with the stronger side looking materially steadier through time.

What keeps the gap from being one-sided

Capital efficiency also runs the other way, with a 11.6-point ROIC edge acting as a real counterforce.

What this means for the comparison

Stability gives The Progressive Corporation the clearer edge, even though profitability still pushes back in the wider comparison.

Explore full peer positioning in AssetNext

Break down the HSX.L vs PGR comparison across all dimensions with the full interactive tool.

Explore full breakdown →
Other comparisons with conflicting dimension signals

Explore how HSX.L and PGR each compare against other companies in their peer groups.

Rule-based, descriptive analysis only. Derived from peer percentile dimensions. Not investment advice. Peer groups are determined algorithmically based on structural similarity — not by sector classification alone.

How AssetNext Peer Scores Work

AssetNext scores reflect each company's structural position within its functional peer group — not a ranking against all stocks simultaneously. Peers are identified by similarity across eight financial dimensions, including revenue growth trajectory, margin structure, capital intensity, and earnings stability. A score of 75 means the company ranks in the top quartile within its own peer group, not the entire market.

Four dimension scores drive the overall peer score: Growth (revenue trajectory and expansion dynamics), Quality (margin structure and capital efficiency), Valuation (peer-relative pricing on standard multiples), and Stability (earnings consistency and financial predictability). Each dimension is scored 0–100 relative to the peer group, then combined into an overall peer score using equal weighting.

Because scores are peer-relative, the same company can have slightly different scores in different index universes. On comparison pages, both companies are shown within their shared peer universe wherever possible — so the scores are directly comparable. The peer basis is stated on each score card.

Scores are recalculated periodically as underlying financial data is updated. All analysis is descriptive and rule-based — AssetNext describes structural realities and never issues buy, sell or hold recommendations.