Assurant, Inc. (AIZ) vs The Allstate Corporation (ALL)

Assurant, Inc. and The Allstate Corporation are both Insurance Property & Casualty companies. The Allstate Corporation is the larger, with a market value of $60.6B against $13.9B — 4.4× the size. The Allstate Corporation trades at the lower P/E: 4.9× against 13.4×. Assurant, Inc. grew revenue faster over the last twelve months: 9.36% against 5.92%. The Allstate Corporation has the higher net margin (18.8% vs 7.84%) and the higher return on invested capital (25.9% vs 12.6%). Both pay a dividend; The Allstate Corporation yields more (1.71% vs 1.24%). Across the 21 metrics below, The Allstate Corporation leads on 16 and Assurant, Inc. on 5.

Valuation

Metric AIZ ALL Insurance Property & Casualty median
P/E 13.41 4.89 10.75
P/S 1.04 0.90 1.21
P/B 2.30 2.00 1.99
Price to free cash flow 8.47 5.18 7.76
EV/EBITDA — — —
EV/Sales — — —
Earnings yield 7.46% 20.45% 9.08%
Free cash flow yield 11.80% 19.30% 12.11%

Profitability

Metric AIZ ALL Insurance Property & Casualty median
Gross margin 78.12% 49.07% 41.16%
Operating margin 10.70% 23.82% 15.09%
Net margin 7.84% 18.80% 11.51%
Free cash flow margin 12.30% 17.46% 17.46%
Return on equity 18.19% 49.14% 17.34%
Return on assets 2.95% 10.96% 3.74%
Return on invested capital 12.55% 25.89% 12.06%

Growth

Metric AIZ ALL Insurance Property & Casualty median
Revenue growth (TTM) 9.36% 5.92% 8.02%
EPS growth (last fiscal year) 17.08% 124.01% 39.61%
Revenue growth, 5-year CAGR 5.95% 10.06% 9.23%
Net income growth, 5-year CAGR 15.43% 13.23% 10.09%

Health

Metric AIZ ALL Insurance Property & Casualty median
Debt to equity 0.36 0.22 0.25
Current ratio 0.37 0.29 0.42
Net debt to EBITDA 0.26 0.55 0.08

Dividend

Metric AIZ ALL Insurance Property & Casualty median
Dividend yield 1.24% 1.71% 1.50%
Payout ratio 0.17 0.08 0.14

Size

Metric AIZ ALL Insurance Property & Casualty median
Market cap 13.90b 60.58b 2.67b

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