Co-movers

daily closes · 500dMethod

Moved together

LINwithPGR

×0.44co-movement · PGR on LIN · 500d

r 0.33scale to r 0.75

Shared co-movers1with LINwith PGR

LLoews Corpr 0.46r 0.58

LIN, solidPGR, hatched× = co-movement · βr = correlationBar = r to r 0.75Order: weaker of A and BSource: daily closes

LINLinde PLC

514.24+2.20%· post 513.75

Mkt cap$237.8BRevenue$9.4BQ3 FY26Revenue$34.0BFY25

PGRProgressive Corp

231.28+0.48%· post 231.28

ClosedOct 30 '26

Mkt cap$134.5BRevenue$23.5BQ2 FY26Revenue$87.4BFY25

vs

Compare

ClosedOct 30 '26

LINLinde PLC

vs

PGRProgressive Corp

514.24+2.20%post 513.75

Price

231.28+0.48%post 231.28

$237.8B

Mkt cap

$134.5B

Q3 FY26$9.4B

Revenue

$23.5BQ2 FY26

FY25$34.0B

Revenue

$87.4BFY25

LIN compared with PGR: revenue, margins and what each company keeps, and the suppliers and customers both name