The Allstate Corporation (ALL) vs Cincinnati Financial Corporation (CINF)

The Allstate Corporation and Cincinnati Financial Corporation are both Insurance Property & Casualty companies. The Allstate Corporation is the larger, with a market value of $60.6B against $25.7B — 2.4× the size. The Allstate Corporation trades at the lower P/E: 4.9× against 8.0×. Cincinnati Financial Corporation grew revenue faster over the last twelve months: 19.6% against 5.92%. Cincinnati Financial Corporation has the higher net margin (23.8% vs 18.8%) and the lower return on invested capital (16.7% vs 25.9%). Both pay a dividend; Cincinnati Financial Corporation yields more (2.15% vs 1.71%). Across the 21 metrics below, Cincinnati Financial Corporation leads on 11 and The Allstate Corporation on 10.

Valuation

Metric ALL CINF Insurance Property & Casualty median
P/E 4.89 7.99 10.75
P/S 0.90 1.89 1.21
P/B 2.00 1.58 1.99
Price to free cash flow 5.18 7.76 7.76
EV/EBITDA — — —
EV/Sales — — —
Earnings yield 20.45% 12.52% 9.08%
Free cash flow yield 19.30% 12.88% 12.11%

Profitability

Metric ALL CINF Insurance Property & Casualty median
Gross margin 49.07% 30.39% 41.16%
Operating margin 23.82% 30.16% 15.09%
Net margin 18.80% 23.84% 11.51%
Free cash flow margin 17.46% 24.37% 17.46%
Return on equity 49.14% 21.48% 17.34%
Return on assets 10.96% 8.11% 3.74%
Return on invested capital 25.89% 16.65% 12.06%

Growth

Metric ALL CINF Insurance Property & Casualty median
Revenue growth (TTM) 5.92% 19.55% 8.02%
EPS growth (last fiscal year) 124.01% 4.40% 39.61%
Revenue growth, 5-year CAGR 10.06% 10.88% 9.23%
Net income growth, 5-year CAGR 13.23% 14.50% 10.09%

Health

Metric ALL CINF Insurance Property & Casualty median
Debt to equity 0.22 0.05 0.25
Current ratio 0.29 0.30 0.42
Net debt to EBITDA 0.55 (0.17) 0.08

Dividend

Metric ALL CINF Insurance Property & Casualty median
Dividend yield 1.71% 2.15% 1.50%
Payout ratio 0.08 0.17 0.14

Size

Metric ALL CINF Insurance Property & Casualty median
Market cap 60.58b 25.66b 2.67b

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