Comparison

ARCH CAPITAL GROUP LTD. (ACGL) vs PROGRESSIVE CORP/OH/ (PGR)

The same filed metrics for both companies, side by side.

What each names as a risk in its own annual report, how each is priced against its own history, and the tracked managers whose latest 13F reports a position in both.

Financials

ACGL

ARCH CAPITAL GROUP LTD.

Insurance—Diversified

Revenue, FY25: $19.93B
Net income: $4.4B
Operating cash flow: $6.17B
Free cash flow: $6.13B
Net margin: 22.07%
Operating margin: -
Gross margin: -

PGR

PROGRESSIVE CORP/OH/

Insurance—Property & Casualty

Revenue, FY25: $87.67B
Net income: $11.31B
Operating cash flow: $17.55B
Free cash flow: $17.2B
Net margin: 12.90%
Operating margin: -
Gross margin: -

Head-to-head

Filed growth, quality and valuation, read against each company’s own history rather than against the other side.

Metric	ACGL	PGR
Revenue growth, latest filed year	+14.27%	+16.32%
Piotroski F-score	5 of 6	5 of 7
P/E against its own history	14.02% below	37.66% below

What each says it is exposed to

From Item 1A of each company’s most recent 10-K.

ACGL

Climate
Cybersecurity
Inflation
Export controls
Tax
Currency moves

And 13 more.

PGR

Litigation
Cybersecurity
AI and its regulation
Climate
Inflation
Interest rates

And 12 more.

Tracked managers holding both

Joel Greenblatt Gotham Asset Management 0.04% · 0.08%

Updated Sep 18, 2026 · the newer of the two companies' filings