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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 the lead spread across growth and stability. Hiscox does not offset that deficit through any equally strong structural edge elsewhere. The market setup is currently leaning toward Hiscox, which does not confirm the structural lead. 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.

Updated 2026-04-05

The lead is spread across growth and stability, rather than sitting in one isolated gap. The overall score gap is 20 points in favour of The Progressive Corporation.

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
55
Peer-Score
Signal qualityHigh
vs
PGR
The Progressive Corporation
75
Peer-Score
Signal qualityHigh

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

Score differences across key dimensions.

Dimension spread: HSX.L vs PGR Profitability 76 82 Stability 31 62 Valuation 68 84 Growth 25 65 HSX.L PGR
Gap Ranking
#1 Growth +40
#2 Stability +31
#3 Valuation +16
#4 Profitability +6
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
Growth
On growth, The Progressive Corporation ranks near the top of the group; Hiscox Ltd sits in the weaker half.
Stability
The Progressive Corporation sits in the stronger part of the group on stability, while Hiscox Ltd is closer to mid-pack.
Growth — Dominant Gap
HSX.L
25
PGR
65
Gap+40in favour of PGR

Earnings growth is one contributing factor within the growth lead.

What keeps the gap from being one-sided

Hiscox Ltd still shows lower market-fundamental divergence, which keeps the wider picture mixed rather than completely one-sided.

What this means for the comparison

The lead is built on both growth and stability, making it broader than a single-dimension result.

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 →
Similar growth-and-stability comparisons

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.

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.