Progressive vs Interactive Brokers

This page compares Progressive Corp. and Interactive Brokers Group, Inc., examining their business models, financial performance, and market context in a neutral, accessible way. It outlines how each firm operates, serves clients, and positions itself within the broader industry landscape. Educational content, not financial advice.

This page compares Progressive Corp. and Interactive Brokers Group, Inc., examining their business models, financial performance, and market context in a neutral, accessible way. It outlines how each ...

Comparison Snapshot

Key Financial Metrics

PGR

Metric

IBKR

$121.93B

Market Cap

$127.80B

22.79%

Potential Profit

2.01%

Buy

Analyst Rating

Buy

Why It's Moving

Progressive Stock Hits 1-Year Low Amid Analyst Downgrades and Insider Selling Pressure.

BMO Capital slashed its price target from $253 to $239 with a 'market perform' rating, while Wells Fargo trimmed theirs to $240, highlighting tempered growth expectations.
Insiders, including the CFO, offloaded over 9,000 shares worth $2M in the past quarter, fueling perceptions of limited near-term upside.
Stock closed at $206 amid a weekly 1.7% gain off lows but 9.2% down over 30 days, trading at a P/E of 11.15 below industry averages.

Sentiment:

🐻Bearish

Interactive Brokers Surges to Record Highs on Q4 Earnings Beat and Trading Boom.

Commissions revenue leaped 37% to $477 million, driven by 65% surge in stock trading and 32% in high-margin options, signaling robust market participation.
Client equity hit $779.9 billion (up 37% YoY) and margin loans reached $90.2 billion, boosting interest income and underscoring deeper capital commitment from traders.
Analysts at BMO and Barclays hiked price targets post-earnings, citing solid pretax beats, confident management tone, and constructive 2026 market outlook for brokers.

Sentiment:

🐃Bullish

Progressive Stock Hits 1-Year Low Amid Analyst Downgrades and Insider Selling Pressure.

BMO Capital slashed its price target from $253 to $239 with a 'market perform' rating, while Wells Fargo trimmed theirs to $240, highlighting tempered growth expectations.
Insiders, including the CFO, offloaded over 9,000 shares worth $2M in the past quarter, fueling perceptions of limited near-term upside.
Stock closed at $206 amid a weekly 1.7% gain off lows but 9.2% down over 30 days, trading at a P/E of 11.15 below industry averages.

Sentiment:

🐻Bearish

Interactive Brokers Surges to Record Highs on Q4 Earnings Beat and Trading Boom.

Commissions revenue leaped 37% to $477 million, driven by 65% surge in stock trading and 32% in high-margin options, signaling robust market participation.
Client equity hit $779.9 billion (up 37% YoY) and margin loans reached $90.2 billion, boosting interest income and underscoring deeper capital commitment from traders.
Analysts at BMO and Barclays hiked price targets post-earnings, citing solid pretax beats, confident management tone, and constructive 2026 market outlook for brokers.

Sentiment:

🐃Bullish

Investment Analysis

Progressive

PGR

Pros

Progressive reported an 11% year-on-year increase in net premiums written and a 134% surge in net income for April 2025, reflecting strong growth momentum.
The company's combined ratio improved to 84.9 in April 2025, indicating enhanced underwriting efficiency compared to the prior year.
Total policies in force grew by 17% in April 2025, highlighting robust expansion in both personal and commercial auto insurance lines.

Considerations

Progressive's recent quarterly earnings per share missed analyst expectations, falling short by $0.59 against consensus estimates.
The stock has declined nearly 13% year-to-date, underperforming peers and raising concerns about near-term valuation pressures.
Analysts have reduced their full-year EPS forecast for Progressive, citing ongoing challenges in the insurance sector and regulatory uncertainty.

Interactive Brokers

IBKR

Pros

Interactive Brokers offers access to 160 markets across 36 countries, providing clients with extensive global trading opportunities.
The company maintains a strong capital position with $19.5 billion in equity capital and $13.3 billion in excess regulatory capital, supporting financial resilience.
Interactive Brokers serves over 4 million client accounts and processes millions of daily trades, demonstrating broad market adoption and scale.

Considerations

The business model is highly dependent on trading volumes, making revenues vulnerable to periods of low market activity or volatility.
Competition from other online brokers continues to intensify, pressuring margins and client acquisition costs.
Regulatory scrutiny and compliance costs are rising as the firm expands into new jurisdictions and product offerings.

Related Market Insights

European Insurance Surge: Why P&C Insurers Are Finally Having Their Moment

Discover why European P&C insurers are surging. Learn about disciplined underwriting, market momentum, and top companies like Chubb, AXIS, and Arch Capital. Invest in this growing sector.