Property-Casualty Insurers

The Progressive Corporation vs The Travelers Companies Inc.

WatchlistPGR / TRVPrices through Oct 22, 2026

Why these are rivals: #2 and #3 by market value ($127B vs $79B) in Nasdaq's "Property-Casualty Insurers" industry; SEC SIC 6331 / 6331 (same major group); #2 and #3 by market value ($127B vs $79B) with SEC SIC 6331 (Fire, Marine & Casualty Insurance).

Rivals, but right now the price gap does not have a measured habit of closing, so there is no paper idea, whatever the gap.

  • Co-movement: daily return correlation, 252 sessions: 0.55 (needs >= 0.60)
  • Mean reversion: ADF t-statistic of the spread: -1.28 (needs <= -2.873 (5% critical value))
  • Speed: half-life of the spread, sessions: 73.23 (needs <= 63)
Business leadership

PGR is the larger business

Annual revenue reported to the SEC. Scale, not market share.

YearPGRTRVLarger
2025$87.7B$48.8BPGR
2024$75.4B$46.4BPGR
2023$62.1B$41.4BPGR
2022$49.6B$36.9BPGR
2021$47.7B$34.8BPGR
2020$42.7B$32.0BPGR

PGR led in every year with figures for both. Market value: PGR $127.4B, TRV $79.0B.

Stock leadership

TRV is ahead now

Measured against the pair's own last 252 trading days.

TRV leads PGR by 1.49 standard deviations: +18.4% over its usual price ratio. 0 lead switches in the last year.

Price change3 mo6 mo12 mo
PGR+7.4%+11.8%+3.6%
TRV+4.7%+31.9%+50.5%
Relationship

Not a measured twin today

Only these tests can make a pair tradable on paper.

Pass
Aligned sessions: 2521 (needs >= 254)
Fail
Co-movement: daily return correlation, 252 sessions: 0.55 (needs >= 0.60)
Fail
Mean reversion: ADF t-statistic of the spread: -1.28 (needs <= -2.873 (5% critical value))
Fail
Speed: half-life of the spread, sessions: 73.23 (needs <= 63)
Data
Both stocks current
The twins over two years

Prices side by side, and the gap between them

PGR The Progressive Corporation TRV The Travelers Companies Inc.Price index, 100 = 2024-10-18. Tint = which stock is ahead of the pair's usual 1-year relationship (z beyond +/-0.5).
100150Oct 2024Oct 2025Oct 2026PGR 91TRV 153
Spread z-score: PGR relative to TRV, against the 252 sessions before each day. Above 0: PGR ahead; below 0: TRV ahead. Lines at +/-2 (idea) and +/-4 (stop).
-4stop-2idea0+2idea+4stopOct 2024Oct 2025Oct 2026
Data table (504 sessions)
DatePGR indexTRV indexzAhead
2026-10-2291.44152.74-1.49TRV ahead
2026-10-2188.15150.29-1.68TRV ahead
2026-10-2088.38149.08-1.60TRV ahead
2026-10-1987.25145.21-1.49TRV ahead
2026-10-1687.01146.75-1.62TRV ahead
2026-10-1585.12144.62-1.69TRV ahead
2026-10-1485.00142.33-1.57TRV ahead
2026-10-1388.75140.62-1.09TRV ahead
2026-10-1287.72140.02-1.16TRV ahead
2026-10-0986.58138.92-1.21TRV ahead
2026-10-0887.10139.49-1.21TRV ahead
2026-10-0785.27135.85-1.17TRV ahead
2026-10-0684.44135.86-1.26TRV ahead
2026-10-0584.67135.88-1.24TRV ahead
2026-10-0283.75135.76-1.33TRV ahead
2026-10-0184.01136.24-1.34TRV ahead
2026-09-3082.55134.30-1.38TRV ahead
2026-09-2983.83136.83-1.41TRV ahead
2026-09-2883.41136.81-1.46TRV ahead
2026-09-2581.83136.76-1.62TRV ahead
2026-09-2480.51136.52-1.75TRV ahead
2026-09-2380.89135.77-1.68TRV ahead
2026-09-2282.41136.38-1.58TRV ahead
2026-09-2184.52139.81-1.59TRV ahead
2026-09-1885.01141.13-1.63TRV ahead
2026-09-1786.13142.96-1.63TRV ahead
2026-09-1686.41142.75-1.61TRV ahead
2026-09-1588.13142.39-1.44TRV ahead
2026-09-1488.01142.42-1.46TRV ahead
2026-09-1186.66141.34-1.53TRV ahead
2026-09-1086.09138.47-1.43TRV ahead
2026-09-0985.82138.20-1.45TRV ahead
2026-09-0885.58137.75-1.45TRV ahead
2026-09-0487.19139.14-1.40TRV ahead
2026-09-0389.15141.02-1.33TRV ahead
2026-09-0288.16137.95-1.26TRV ahead
2026-09-0187.82137.10-1.25TRV ahead
2026-08-3186.84137.85-1.38TRV ahead
2026-08-2887.07139.35-1.46TRV ahead
2026-08-2786.67139.13-1.49TRV ahead
2026-08-2688.61139.82-1.37TRV ahead
2026-08-2588.44139.26-1.36TRV ahead
2026-08-2489.17139.59-1.32TRV ahead
2026-08-2187.32136.97-1.35TRV ahead
2026-08-2087.74137.31-1.34TRV ahead
2026-08-1986.52136.46-1.40TRV ahead
2026-08-1882.52138.61-1.89TRV ahead
2026-08-1781.17137.32-1.96TRV ahead
2026-08-1483.47139.52-1.89TRV ahead
2026-08-1383.18139.39-1.93TRV ahead
2026-08-1282.58139.45-2.00TRV ahead
2026-08-1184.56141.50-1.95TRV ahead
2026-08-1085.20141.50-1.91TRV ahead
2026-08-0785.75144.78-2.05TRV ahead
2026-08-0685.75145.41-2.11TRV ahead
2026-08-0584.72144.08-2.15TRV ahead
2026-08-0483.92142.08-2.14TRV ahead
2026-08-0383.81140.83-2.10TRV ahead
2026-07-3184.19141.03-2.10TRV ahead
2026-07-3084.93141.64-2.08TRV ahead
2026-07-2987.60146.55-2.13TRV ahead
2026-07-2887.42149.64-2.33TRV ahead
2026-07-2785.92147.05-2.35TRV ahead
2026-07-2485.15145.89-2.39TRV ahead
2026-07-2382.46141.79-2.45TRV ahead
2026-07-2281.45140.17-2.49TRV ahead
2026-07-2181.99139.25-2.42TRV ahead
2026-07-2084.51138.82-2.17TRV ahead
2026-07-1782.81139.00-2.37TRV ahead
2026-07-1681.95127.26-1.75TRV ahead
2026-07-1581.72124.01-1.58TRV ahead
2026-07-1490.23126.89-0.98TRV ahead
2026-07-1393.37128.65-0.82TRV ahead
2026-07-1091.88127.68-0.89TRV ahead
2026-07-0991.40127.14-0.91TRV ahead
2026-07-0892.74127.31-0.81TRV ahead
2026-07-0793.34129.49-0.90TRV ahead
2026-07-0692.25127.77-0.89TRV ahead
2026-07-0292.47128.95-0.95TRV ahead
2026-07-0189.72126.06-1.01TRV ahead
2026-06-3086.99124.36-1.15TRV ahead
2026-06-2987.55125.03-1.15TRV ahead
2026-06-2689.34123.33-0.90TRV ahead
2026-06-2585.83119.91-1.00TRV ahead
2026-06-2487.81120.83-0.89TRV ahead
2026-06-2385.89119.40-0.97TRV ahead
2026-06-2282.58117.01-1.12TRV ahead
2026-06-1881.58115.96-1.15TRV ahead
2026-06-1781.40115.30-1.13TRV ahead
2026-06-1681.50115.84-1.16TRV ahead
2026-06-1581.04115.45-1.19TRV ahead
2026-06-1280.88114.70-1.16TRV ahead
2026-06-1180.54114.48-1.18TRV ahead
2026-06-1081.32114.28-1.11TRV ahead
2026-06-0979.69113.11-1.19TRV ahead
2026-06-0879.75111.78-1.11TRV ahead
2026-06-0581.24114.24-1.14TRV ahead
2026-06-0477.80110.54-1.22TRV ahead
2026-06-0377.04109.23-1.21TRV ahead
2026-06-0278.38109.95-1.14TRV ahead
2026-06-0176.72108.85-1.23TRV ahead
2026-05-2975.82109.96-1.39TRV ahead
2026-05-2877.46110.87-1.31TRV ahead
2026-05-2778.41112.99-1.36TRV ahead
2026-05-2679.16114.84-1.42TRV ahead
2026-05-2279.45115.45-1.44TRV ahead
2026-05-2179.23115.74-1.49TRV ahead
2026-05-2080.68115.64-1.37TRV ahead
2026-05-1980.79115.10-1.33TRV ahead
2026-05-1881.24115.27-1.31TRV ahead
2026-05-1579.54112.93-1.33TRV ahead
2026-05-1478.40112.37-1.40TRV ahead
2026-05-1378.03111.14-1.37TRV ahead
2026-05-1279.01112.36-1.37TRV ahead
2026-05-1178.41111.93-1.40TRV ahead
2026-05-0877.25112.28-1.53TRV ahead
2026-05-0777.95112.62-1.50TRV ahead
2026-05-0678.37113.61-1.54TRV ahead
2026-05-0578.74113.52-1.51TRV ahead
2026-05-0479.34113.59-1.47TRV ahead
2026-05-0179.37114.79-1.55TRV ahead
2026-04-3080.15114.95-1.51TRV ahead
2026-04-2979.91113.86-1.48TRV ahead
2026-04-2880.85116.79-1.58TRV ahead
2026-04-2780.43114.42-1.49TRV ahead
2026-04-2480.00114.04-1.52TRV ahead
2026-04-2381.77115.78-1.49TRV ahead
2026-04-2280.72113.65-1.46TRV ahead
2026-04-2182.63113.55-1.31TRV ahead
2026-04-2081.15113.31-1.42TRV ahead
2026-04-1780.67113.32-1.47TRV ahead
2026-04-1681.03112.58-1.41TRV ahead
2026-04-1580.13112.76-1.50TRV ahead
2026-04-1478.29112.86-1.68TRV ahead
2026-04-1379.47113.51-1.63TRV ahead
2026-04-1077.31111.98-1.73TRV ahead
2026-04-0979.60114.23-1.69TRV ahead
2026-04-0878.88113.61-1.73TRV ahead
2026-04-0778.39111.15-1.63TRV ahead
2026-04-0678.20111.34-1.68TRV ahead
2026-04-0277.75110.75-1.69TRV ahead
2026-04-0177.00109.45-1.70TRV ahead
2026-03-3178.94109.88-1.57TRV ahead
2026-03-3080.20109.93-1.48TRV ahead
2026-03-2779.18107.47-1.43TRV ahead
2026-03-2680.80109.67-1.44TRV ahead
2026-03-2580.77109.47-1.44TRV ahead
2026-03-2482.12110.38-1.40TRV ahead
2026-03-2381.67111.33-1.50TRV ahead
2026-03-2082.03111.73-1.51TRV ahead
2026-03-1980.71111.83-1.64TRV ahead
2026-03-1880.11112.73-1.76TRV ahead
2026-03-1781.15115.40-1.85TRV ahead
2026-03-1681.52114.76-1.79TRV ahead
2026-03-1381.70113.95-1.75TRV ahead
2026-03-1281.71113.77-1.75TRV ahead
2026-03-1180.13112.79-1.84TRV ahead
2026-03-1082.41113.93-1.74TRV ahead
2026-03-0982.35114.22-1.78TRV ahead
2026-03-0683.86115.39-1.74TRV ahead
2026-03-0583.86115.52-1.76TRV ahead
2026-03-0484.18117.55-1.87TRV ahead
2026-03-0384.96117.15-1.80TRV ahead
2026-03-0284.98117.04-1.81TRV ahead
2026-02-2785.08116.27-1.77TRV ahead
2026-02-2684.31115.37-1.80TRV ahead
2026-02-2581.45114.81-2.03TRV ahead
2026-02-2482.06115.06-2.01TRV ahead
2026-02-2381.11115.05-2.12TRV ahead
2026-02-2081.27114.87-2.12TRV ahead
2026-02-1980.35112.98-2.10TRV ahead
2026-02-1880.95112.44-2.04TRV ahead
2026-02-1782.79112.73-1.92TRV ahead
2026-02-1381.45110.83-1.94TRV ahead
2026-02-1281.81112.05-2.00TRV ahead
2026-02-1182.98112.65-1.96TRV ahead
2026-02-1080.68112.49-2.19TRV ahead
2026-02-0980.25110.31-2.11TRV ahead
2026-02-0680.56113.58-2.33TRV ahead
2026-02-0582.65113.13-2.14TRV ahead
2026-02-0481.85111.21-2.11TRV ahead
2026-02-0380.05108.58-2.13TRV ahead
2026-02-0280.85107.60-2.01TRV ahead
2026-01-3082.83107.18-1.81TRV ahead
2026-01-2982.93107.10-1.82TRV ahead
2026-01-2884.72106.25-1.61TRV ahead
2026-01-2782.86105.96-1.78TRV ahead
2026-01-2682.83106.13-1.81TRV ahead
2026-01-2382.04104.62-1.79TRV ahead
2026-01-2282.40104.91-1.80TRV ahead
2026-01-2180.84102.71-1.80TRV ahead
2026-01-2081.20101.57-1.69TRV ahead
2026-01-1680.59101.50-1.77TRV ahead
2026-01-1581.04102.22-1.80TRV ahead
2026-01-1481.83102.75-1.78TRV ahead
2026-01-1381.66102.17-1.77TRV ahead
2026-01-1286.21105.67-1.62TRV ahead
2026-01-0985.68106.22-1.73TRV ahead
2026-01-0884.88107.06-1.90TRV ahead
2026-01-0783.27106.68-2.06TRV ahead
2026-01-0684.56107.44-2.01TRV ahead
2026-01-0584.79108.40-2.09TRV ahead
2026-01-0284.47107.44-2.07TRV ahead
2025-12-3190.68109.27-1.62TRV ahead
2025-12-3091.58110.15-1.62TRV ahead
2025-12-2991.00109.98-1.68TRV ahead
2025-12-2690.45110.05-1.76TRV ahead
2025-12-2490.66110.70-1.81TRV ahead
2025-12-2390.75110.18-1.78TRV ahead
2025-12-2290.54109.87-1.79TRV ahead
2025-12-1989.31110.35-1.98TRV ahead
2025-12-1889.54110.62-2.00TRV ahead
2025-12-1790.50109.73-1.85TRV ahead
2025-12-1692.31109.10-1.63TRV ahead
2025-12-1594.12109.47-1.50TRV ahead
2025-12-1293.52107.48-1.40TRV ahead
2025-12-1191.76106.57-1.51TRV ahead
2025-12-1088.73104.86-1.69TRV ahead
2025-12-0990.14105.16-1.59TRV ahead
2025-12-0888.87105.43-1.76TRV ahead
2025-12-0588.76105.82-1.83TRV ahead
2025-12-0490.43106.55-1.73TRV ahead
2025-12-0390.47107.09-1.80TRV ahead
2025-12-0291.10108.69-1.90TRV ahead
2025-12-0190.72109.44-2.03TRV ahead
2025-11-2891.11110.33-2.09TRV ahead
2025-11-2691.25110.95-2.16TRV ahead
2025-11-2590.16110.64-2.29TRV ahead
2025-11-2489.63109.56-2.28TRV ahead
2025-11-2190.36109.27-2.20TRV ahead
2025-11-2090.00108.44-2.19TRV ahead
2025-11-1988.77107.54-2.28TRV ahead
2025-11-1889.55108.06-2.27TRV ahead
2025-11-1789.74107.18-2.20TRV ahead
2025-11-1489.67108.23-2.34TRV ahead
2025-11-1388.86108.28-2.48TRV ahead
2025-11-1288.35107.79-2.54TRV ahead
2025-11-1187.57107.75-2.68TRV ahead
2025-11-1086.62106.38-2.71TRV ahead
2025-11-0786.52105.41-2.67TRV ahead
2025-11-0683.47104.07-3.00TRV ahead
2025-11-0583.20104.22-3.12TRV ahead
2025-11-0483.46104.46-3.19TRV ahead
2025-11-0381.12100.83-3.18TRV ahead
2025-10-3182.03101.19-3.16TRV ahead
2025-10-3082.42102.09-3.29TRV ahead
2025-10-2982.82100.93-3.15TRV ahead
2025-10-2884.39101.01-2.98TRV ahead
2025-10-2786.25101.84-2.85TRV ahead
2025-10-2487.25101.67-2.72TRV ahead
2025-10-2387.84101.38-2.63TRV ahead
2025-10-2288.65101.15-2.50TRV ahead
2025-10-2188.24101.47-2.65TRV ahead
2025-10-2087.3699.92-2.62TRV ahead
2025-10-1789.8498.70-2.07TRV ahead
2025-10-1688.3098.54-2.33TRV ahead
2025-10-1590.20101.51-2.49TRV ahead
2025-10-1495.73103.84-1.97TRV ahead
2025-10-1394.09101.86-1.96TRV ahead
2025-10-1095.57101.76-1.73TRV ahead
2025-10-0996.43103.38-1.85TRV ahead
2025-10-0896.79106.52-2.27TRV ahead
2025-10-0797.12107.35-2.37TRV ahead
2025-10-0695.77106.51-2.50TRV ahead
2025-10-0397.84107.20-2.30TRV ahead
2025-10-0296.97105.50-2.22TRV ahead
2025-10-0198.14104.44-1.90TRV ahead
2025-09-3098.34105.19-2.00TRV ahead
2025-09-2997.32104.16-2.03TRV ahead
2025-09-2696.96104.64-2.19TRV ahead
2025-09-2596.44103.30-2.10TRV ahead
2025-09-2495.57104.22-2.42TRV ahead
2025-09-2395.02104.07-2.54TRV ahead
2025-09-2296.03104.02-2.39TRV ahead
2025-09-1996.50104.35-2.39TRV ahead
2025-09-1896.37104.69-2.51TRV ahead
2025-09-1797.01103.61-2.26TRV ahead
2025-09-1697.55102.45-1.99TRV ahead
2025-09-1597.82104.09-2.25TRV ahead
2025-09-1298.87105.08-2.26TRV ahead
2025-09-1199.08105.27-2.29TRV ahead
2025-09-1098.12102.59-2.03TRV ahead
2025-09-0996.87103.05-2.37TRV ahead
2025-09-0897.94103.40-2.26TRV ahead
2025-09-0597.11103.68-2.50TRV ahead
2025-09-0499.16105.27-2.43TRV ahead
2025-09-0398.25104.18-2.44TRV ahead
2025-09-0297.91102.98-2.32TRV ahead
2025-08-2998.38102.28-2.13TRV ahead
2025-08-2898.00101.82-2.14TRV ahead
2025-08-2797.44102.55-2.42TRV ahead
2025-08-2697.97102.05-2.25TRV ahead
2025-08-2597.20102.60-2.54TRV ahead
2025-08-2299.24104.08-2.45TRV ahead
2025-08-2199.14103.57-2.41TRV ahead
2025-08-20100.62103.37-2.11TRV ahead
2025-08-1999.81101.29-1.89TRV ahead
2025-08-1898.4099.80-1.90TRV ahead
2025-08-1598.42100.05-1.97TRV ahead
2025-08-1499.93101.18-1.91TRV ahead
2025-08-1399.23101.45-2.13TRV ahead
2025-08-1296.7899.43-2.26TRV ahead
2025-08-1197.5299.55-2.16TRV ahead
2025-08-0898.1699.78-2.10TRV ahead
2025-08-0797.6999.97-2.27TRV ahead
2025-08-0698.57100.80-2.29TRV ahead
2025-08-0596.7499.89-2.53TRV ahead
2025-08-0496.2099.08-2.51TRV ahead
2025-08-0196.0197.31-2.18TRV ahead
2025-07-3196.3898.04-2.28TRV ahead
2025-07-3096.2597.54-2.23TRV ahead
2025-07-2996.1797.88-2.36TRV ahead
2025-07-2895.9696.03-2.00TRV ahead
2025-07-2599.5998.34-1.72TRV ahead
2025-07-2498.5198.70-2.07TRV ahead
2025-07-2398.5799.73-2.33TRV ahead
2025-07-2298.51100.50-2.57TRV ahead
2025-07-2197.6199.17-2.50TRV ahead
2025-07-1898.12100.20-2.65TRV ahead
2025-07-1798.4798.63-2.22TRV ahead
2025-07-1698.1495.00-1.40TRV ahead
2025-07-1596.4594.41-1.68TRV ahead
2025-07-1498.5196.24-1.65TRV ahead
2025-07-1197.5595.87-1.81TRV ahead
2025-07-1099.3196.44-1.52TRV ahead
2025-07-0999.7296.18-1.37TRV ahead
2025-07-08100.2196.59-1.36TRV ahead
2025-07-07100.9697.57-1.44TRV ahead
2025-07-03104.2099.50-1.15TRV ahead
2025-07-02102.6696.94-0.87TRV ahead
2025-07-01105.25100.58-1.17TRV ahead
2025-06-30106.27100.79-0.98TRV ahead
2025-06-27105.1399.19-0.85TRV ahead
2025-06-26104.1899.06-1.05TRV ahead
2025-06-25103.4098.25-1.03TRV ahead
2025-06-24105.93100.26-0.93TRV ahead
2025-06-23106.08100.82-1.04TRV ahead
2025-06-20104.3499.82-1.21TRV ahead
2025-06-18103.6799.79-1.37TRV ahead
2025-06-17105.8399.61-0.79TRV ahead
2025-06-16106.1099.88-0.79TRV ahead
2025-06-13106.6699.25-0.50TRV ahead
2025-06-12106.89100.19-0.68TRV ahead
2025-06-11104.8298.43-0.72TRV ahead
2025-06-10105.7299.08-0.67TRV ahead
2025-06-09108.04100.88-0.58TRV ahead
2025-06-06111.23103.10-0.40near the usual relationship
2025-06-05111.58102.10-0.07near the usual relationship
2025-06-04112.36102.41+0.04near the usual relationship
2025-06-03114.39104.00+0.10near the usual relationship
2025-06-02114.98104.10+0.21near the usual relationship
2025-05-30113.46103.86-0.05near the usual relationship
2025-05-29110.43103.38-0.59TRV ahead
2025-05-28110.32103.09-0.54TRV ahead
2025-05-27111.00103.93-0.58TRV ahead
2025-05-23110.43102.11-0.27near the usual relationship
2025-05-22110.35102.12-0.28near the usual relationship
2025-05-21111.90102.15+0.05near the usual relationship
2025-05-20113.74103.11+0.22near the usual relationship
2025-05-19114.78103.42+0.37near the usual relationship
2025-05-16113.90103.08+0.27near the usual relationship
2025-05-15111.96102.05+0.11near the usual relationship
2025-05-14110.7798.92+0.59PGR ahead
2025-05-13112.5399.80+0.76PGR ahead
2025-05-12111.60100.98+0.30near the usual relationship
2025-05-09113.30101.62+0.51PGR ahead
2025-05-08113.06102.02+0.37near the usual relationship
2025-05-07114.04101.28+0.75PGR ahead
2025-05-06112.96100.98+0.60PGR ahead
2025-05-05112.36100.79+0.53PGR ahead
2025-05-02112.62100.74+0.60PGR ahead
2025-05-01110.5798.49+0.70PGR ahead
2025-04-30112.1999.50+0.81PGR ahead
2025-04-29110.0399.47+0.37near the usual relationship
2025-04-28107.3598.55+0.03near the usual relationship
2025-04-25105.5397.63-0.14near the usual relationship
2025-04-24105.6098.10-0.23near the usual relationship
2025-04-23105.5497.60-0.13near the usual relationship
2025-04-22105.5698.44-0.32near the usual relationship
2025-04-21102.5094.03+0.06near the usual relationship
2025-04-17105.7196.39+0.20near the usual relationship
2025-04-16109.5695.11+1.31PGR ahead
2025-04-15109.9594.05+1.64PGR ahead
2025-04-14110.9394.50+1.74PGR ahead
2025-04-11109.7692.35+2.02PGR ahead
2025-04-10108.7892.36+1.83PGR ahead
2025-04-09107.5693.46+1.33PGR ahead
2025-04-08103.6989.11+1.57PGR ahead
2025-04-07101.6588.09+1.40PGR ahead
2025-04-04102.6091.26+0.85PGR ahead
2025-04-03114.2999.11+1.39PGR ahead
2025-04-02111.9999.64+0.86PGR ahead
2025-04-01113.2199.66+1.08PGR ahead
2025-03-31112.7099.63+1.00PGR ahead
2025-03-28111.0598.62+0.91PGR ahead
2025-03-27109.3898.96+0.54PGR ahead
2025-03-26108.5398.80+0.42near the usual relationship
2025-03-25109.2897.74+0.78PGR ahead
2025-03-24109.1197.74+0.75PGR ahead
2025-03-21108.6696.70+0.88PGR ahead
2025-03-20109.3697.77+0.80PGR ahead
2025-03-19108.8398.44+0.58PGR ahead
2025-03-18112.8198.14+1.34PGR ahead
2025-03-17115.9799.88+1.54PGR ahead
2025-03-14112.9798.29+1.35PGR ahead
2025-03-13111.2696.42+1.43PGR ahead
2025-03-12110.5294.93+1.61PGR ahead
2025-03-11110.2895.90+1.38PGR ahead
2025-03-10110.9896.67+1.36PGR ahead
2025-03-07111.4397.08+1.35PGR ahead
2025-03-06111.9796.45+1.56PGR ahead
2025-03-05112.2497.20+1.46PGR ahead
2025-03-04112.7796.33+1.71PGR ahead
2025-03-03113.5298.26+1.48PGR ahead
2025-02-28112.3097.38+1.45PGR ahead
2025-02-27111.0195.98+1.51PGR ahead
2025-02-26108.8893.75+1.58PGR ahead
2025-02-25110.9195.13+1.65PGR ahead
2025-02-24108.5793.52+1.59PGR ahead
2025-02-21106.0090.42+1.76PGR ahead
2025-02-20106.5990.88+1.77PGR ahead
2025-02-19107.3791.30+1.83PGR ahead
2025-02-18105.1089.81+1.75PGR ahead
2025-02-14104.5789.77+1.68PGR ahead
2025-02-13104.3891.55+1.33PGR ahead
2025-02-12102.2690.66+1.16PGR ahead
2025-02-11102.5791.30+1.10PGR ahead
2025-02-1099.4391.32+0.60PGR ahead
2025-02-0799.7992.37+0.49near the usual relationship
2025-02-06100.0993.29+0.39near the usual relationship
2025-02-0599.1692.80+0.33near the usual relationship
2025-02-0498.7691.94+0.42near the usual relationship
2025-02-0399.1292.15+0.45near the usual relationship
2025-01-3198.1492.36+0.27near the usual relationship
2025-01-3099.2493.84+0.21near the usual relationship
2025-01-2998.1294.00+0.03near the usual relationship
2025-01-2897.5893.59+0.02near the usual relationship
2025-01-2798.3294.56-0.01near the usual relationship
2025-01-2495.1091.11+0.05near the usual relationship
2025-01-2395.3890.98+0.12near the usual relationship
2025-01-2295.2492.94-0.18near the usual relationship
2025-01-2195.9790.10+0.35near the usual relationship
2025-01-1797.0490.23+0.49near the usual relationship
2025-01-1697.7891.31+0.44near the usual relationship
2025-01-1596.5690.40+0.41near the usual relationship
2025-01-1495.4889.26+0.43near the usual relationship
2025-01-1393.8987.90+0.42near the usual relationship
2025-01-1093.8287.56+0.47near the usual relationship
2025-01-0897.0091.46+0.34near the usual relationship
2025-01-0796.4891.05+0.34near the usual relationship
2025-01-0695.4191.12+0.19near the usual relationship
2025-01-0396.4691.28+0.31near the usual relationship
2025-01-0295.8390.75+0.31near the usual relationship
2024-12-3195.4290.75+0.26near the usual relationship
2024-12-3095.4190.36+0.32near the usual relationship
2024-12-2795.9890.94+0.32near the usual relationship
2024-12-2696.8491.82+0.32near the usual relationship
2024-12-2496.8691.50+0.37near the usual relationship
2024-12-2395.9790.92+0.34near the usual relationship
2024-12-2095.5690.70+0.33near the usual relationship
2024-12-1995.4689.55+0.48near the usual relationship
2024-12-1895.6888.92+0.59PGR ahead
2024-12-1798.5791.78+0.58PGR ahead
2024-12-1699.6592.77+0.59PGR ahead
2024-12-13100.2792.79+0.66PGR ahead
2024-12-1296.6791.87+0.35near the usual relationship
2024-12-1197.0692.35+0.34near the usual relationship
2024-12-1098.4793.29+0.40near the usual relationship
2024-12-0998.7094.90+0.23near the usual relationship
2024-12-06101.3798.38+0.12near the usual relationship
2024-12-05104.0599.17+0.34near the usual relationship
2024-12-04103.6898.62+0.37near the usual relationship
2024-12-03104.5898.17+0.53PGR ahead
2024-12-02105.1499.27+0.47near the usual relationship
2024-11-29107.07100.22+0.57PGR ahead
2024-11-27106.27100.46+0.46near the usual relationship
2024-11-26106.7399.37+0.64PGR ahead
2024-11-25105.8898.41+0.67PGR ahead
2024-11-22105.9598.88+0.62PGR ahead
2024-11-21104.9198.25+0.59PGR ahead
2024-11-20102.3596.89+0.46near the usual relationship
2024-11-19101.3597.67+0.26near the usual relationship
2024-11-18102.1598.96+0.20near the usual relationship
2024-11-15101.8698.26+0.25near the usual relationship
2024-11-14102.5496.64+0.53PGR ahead
2024-11-13104.0896.69+0.70PGR ahead
2024-11-12104.4797.19+0.69PGR ahead
2024-11-11103.4997.33+0.56PGR ahead
2024-11-08104.1496.78+0.71PGR ahead
2024-11-07101.6595.04+0.64PGR ahead
2024-11-06103.0495.67+0.73PGR ahead
2024-11-0598.7992.24+0.66PGR ahead
2024-11-0496.1691.47+0.45near the usual relationship
2024-11-0196.6592.54+0.37near the usual relationship
2024-10-3196.7092.65+0.37near the usual relationship
2024-10-3096.7794.21+0.18near the usual relationship
2024-10-2996.2493.68+0.18near the usual relationship
2024-10-2897.2995.07+0.14near the usual relationship
2024-10-2597.0894.37+0.20near the usual relationship
2024-10-2498.3196.60+0.08near the usual relationship
2024-10-2398.4696.95+0.05near the usual relationship
2024-10-2298.8697.65+0.01near the usual relationship
2024-10-2199.8597.83+0.11near the usual relationship
2024-10-18100.00100.00-0.13near the usual relationship

One-day company-specific moves (4+ standard deviations, which block ideas for 10 sessions): Jan 2, 2026 (PGR -6.8%, TRV -1.7%); Jul 15, 2026 (PGR -9.4%, TRV -2.3%); Jul 17, 2026 (PGR +1.0%, TRV +9.2%); Aug 19, 2026 (PGR +4.8%, TRV -1.6%).

Paired trades

The shared paper book and the replay, kept apart

Forward paper record

No paper position on this pair yet.

Historical simulation (a diagnostic, same rules)

1 simulated trade to Oct 20, 2026: +5.98% per trade on average after costs, 1 won.

LegsEnteredExitedWhyDaysBefore costsCosts + borrowAfter costs
Long PGR · Short TRVOct 21, 2019Oct 29, 2019converged8$633.67-$43.53$597.91 (+5.98%)

Per $10,000 a leg. A replay on today's companies cannot prove an edge.

The companies

PGR and TRV at a glance

PGR The Progressive Corporation

Listing
NYSE · SEC CIK 80661
Industry
Property-Casualty Insurers · SIC 6331 Fire, Marine & Casualty Insurance
Market value
$127.4B
Price history
2,521 daily closes, Oct 12, 2016 to Oct 22, 2026

TRV The Travelers Companies Inc.

Listing
NYSE · SEC CIK 86312
Industry
Property-Casualty Insurers · SIC 6331 Fire, Marine & Casualty Insurance
Market value
$79.0B
Price history
2,521 daily closes, Oct 12, 2016 to Oct 22, 2026

Daily prices: Nasdaq.com. Filings and industry codes: SEC EDGAR. Earnings dates: Nasdaq earnings calendar.

Related
All pairs →
PairStatusAhead nowIndustry
CB / TRVWatchlistTRV by 1.95 sdProperty-Casualty Insurers
CB / PGRWatchlistCB by 0.40 sdProperty-Casualty Insurers

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Paper only: hypothetical paired positions with modelled costs. No broker, no orders, no real money. A historical simulation is a diagnostic, not proof of an edge. Not investment advice.