Tax-loss harvesting alternatives for PGR

Among the 24 Property & Casualty Insurance peers screened, ALL (Allstate Corp.) has tracked PGR most closely over the past year, with a return correlation of 0.72. The strongest fund stand-in is IAK (iShares US Insurance ETF) at 0.76 over the past year. Correlations are computed from daily closing-price returns aligned by trading day.

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STOCKS

Single-name peers

Ticker	Name	Sub-industry	1Y	3Y	5Y	10Y
ALL	Allstate Corp.	Property & Casualty Insurance	0.72	0.69	0.66	0.65
ACGL	Arch Capital Group	Property & Casualty Insurance	0.63	0.60	0.52	0.50
CB	Chubb Limited	Property & Casualty Insurance	0.62	0.58	0.55	0.52
RLI	RLI Corp.	Property & Casualty Insurance	0.59	0.55	0.48	0.46
WRB	W. R. Berkley Corporation	Property & Casualty Insurance	0.59	0.57	0.54	0.53
HIG	Hartford (The)	Property & Casualty Insurance	0.59	0.59	0.56	0.42
THG	Hanover Insurance	Property & Casualty Insurance	0.57	0.53	0.50	0.48
TRV	Travelers Companies	Property & Casualty Insurance	0.57	0.53	0.54	0.54
PLMR	Palomar Holdings, Inc.	Property & Casualty Insurance	0.51	0.40	0.31	0.31
KNSL	Kinsale Capital Group	Property & Casualty Insurance	0.50	0.39	0.35	0.35
CINF	Cincinnati Financial	Property & Casualty Insurance	0.50	0.52	0.47	0.47
ORI	Old Republic International	Property & Casualty Insurance	0.45	0.47	0.45	0.45
MCY	Mercury General	Property & Casualty Insurance	0.43	0.35	0.35	0.40
AMSF	Amerisafe, Inc.	Property & Casualty Insurance	0.39	0.38	0.38	0.38
UFCS	United Fire Group, Inc.	Property & Casualty Insurance	0.38	0.39	0.30	0.34
EIG	Employers Holdings, Inc.	Property & Casualty Insurance	0.37	0.42	0.40	0.37
SIGI	Selective Insurance Group	Property & Casualty Insurance	0.37	0.35	0.38	0.43
AGO	Assured Guaranty Ltd.	Property & Casualty Insurance	0.35	0.35	0.35	0.36
HCI	HCI Group, Inc.	Property & Casualty Insurance	0.35	0.27	0.21	0.24
STC	Stewart Information Services Corporation	Property & Casualty Insurance	0.29	0.22	0.21	0.28
SAFT	Safety Insurance Group, Inc.	Property & Casualty Insurance	0.29	0.36	0.38	0.42
FNF	Fidelity National Financial	Property & Casualty Insurance	0.29	0.28	0.29	0.33
FAF	First American Financial Corporation	Property & Casualty Insurance	0.24	0.22	0.23	0.32
RDN	Radian Group, Inc.	Property & Casualty Insurance	0.22	0.23	0.26	0.26

ETFS

Fund stand-ins

An ETF is generally not 'substantially identical' to a single stock, which is why funds are the standard wash-sale-aware replacement.

Ticker	Name	Focus	Match	1Y	3Y	5Y	10Y
IAK	iShares US Insurance ETF	Insurance	INDUSTRY	0.76	0.74	0.70	0.64
KIE	SPDR S&P Insurance ETF	Insurance	INDUSTRY	0.63	0.62	0.59	0.58
XLF	Financial Select Sector SPDR	Financials Sector	SECTOR	0.20	0.35	0.41	0.48
VFH	Vanguard Financials ETF	Financials Sector	SECTOR	0.19	0.32	0.39	0.47
IYF	iShares US Financials ETF	Financials Sector	SECTOR	0.16	0.32	0.40	0.48
IPAY	ETFMG Prime Mobile Payments	Payments	SUB-IND	0.12	0.18	0.21	0.34
KBE	SPDR S&P Bank ETF	Banks	INDUSTRY	0.07	0.13	0.24	0.33
KRE	SPDR S&P Regional Banking ETF	Regional Banks	SUB-IND	0.06	0.11	0.22	0.31
FINX	Global X FinTech ETF	FinTech	SUB-IND	-0.04	0.07	0.13	0.28
KBWB	Invesco KBW Bank ETF	Large Banks	INDUSTRY	-0.07	0.10	0.25	0.35
IAI	iShares Broker-Dealers & Exchanges	Capital Markets	INDUSTRY	-0.09	0.14	0.25	0.39
ARKF	ARK Fintech Innovation ETF	FinTech (Active)	SUB-IND	-0.13	0.00	0.07	0.16

NEXT STEPS

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Replacement research for PGR's peers

ALL ACGL CB RLI WRB HIG THG TRV PLMR KNSL CINF ORI MCY AMSF UFCS EIG SIGI AGO HCI STC SAFT FNF FAF RDN

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Method: Pearson correlation of daily closing-price returns, Yahoo Finance data, series aligned by trading day, refreshed weekly. A cell is blank when overlapping history covers less than 60% of its window. Correlation is descriptive, not predictive. Wash-sale treatment depends on facts and circumstances — confirm with a tax professional. Not investment advice.