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 $57.4B against $12.9B — 4.4× the size. The Allstate Corporation trades at the lower P/E: 4.5× against 12.5×. 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 (2.33% vs 1.67%). Across the 23 metrics below, The Allstate Corporation leads on 18 and Assurant, Inc. on 5.

Valuation

Metric AIZ ALL Insurance Property & Casualty median
P/E 12.54 4.49 10.29
P/S 0.98 0.83 1.17
P/B 2.15 1.84 1.83
Price to free cash flow 7.93 4.76 7.48
EV/EBITDA 7.98 3.79 7.49
EV/Sales 1.01 0.93 1.13
Earnings yield 7.97% 22.28% 9.50%
Free cash flow yield 12.62% 21.02% 13.29%

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% 17.59%
Return on equity 18.19% 49.14% 18.19%
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% 8.69%
EPS growth (last fiscal year) 17.08% 124.01% —
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 1.67% 2.33% 2.79%
Payout ratio 0.43 1.08 0.27

Size

Metric AIZ ALL Insurance Property & Casualty median
Market cap 12.92b 57.44b 2.44b

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