The Allstate Corporation (ALL) vs Markel Group Inc. (MKL)

The Allstate Corporation and Markel Group Inc. are both Insurance Property & Casualty companies. The Allstate Corporation is the larger, with a market value of $57.4B against $21.5B — 2.7× the size. The Allstate Corporation trades at the lower P/E: 4.5× against 9.5×. The Allstate Corporation grew revenue faster over the last twelve months: 5.92% against 0.86%. The Allstate Corporation has the higher net margin (18.8% vs 13.8%) and the higher return on invested capital (25.9% vs 10.0%). Across the 22 metrics below, The Allstate Corporation leads on 16 and Markel Group Inc. on 6.

Valuation

Metric ALL MKL Insurance Property & Casualty median
P/E 4.49 9.46 10.29
P/S 0.83 1.31 1.17
P/B 1.84 1.14 1.83
Price to free cash flow 4.76 10.23 7.48
EV/EBITDA 3.79 7.11 7.49
EV/Sales 0.93 1.32 1.13
Earnings yield 22.28% 10.57% 9.50%
Free cash flow yield 21.02% 9.77% 13.29%

Profitability

Metric ALL MKL Insurance Property & Casualty median
Gross margin 49.07% 51.93% 41.16%
Operating margin 23.82% 18.63% 15.09%
Net margin 18.80% 13.77% 11.51%
Free cash flow margin 17.46% 12.76% 17.59%
Return on equity 49.14% 12.57% 18.19%
Return on assets 10.96% 3.31% 3.74%
Return on invested capital 25.89% 10.01% 12.06%

Growth

Metric ALL MKL Insurance Property & Casualty median
Revenue growth (TTM) 5.92% 0.86% 8.69%
EPS growth (last fiscal year) 124.01% (15.10%) —
Revenue growth, 5-year CAGR 10.06% 11.25% 9.23%
Net income growth, 5-year CAGR 13.23% 21.14% 10.09%

Health

Metric ALL MKL Insurance Property & Casualty median
Debt to equity 0.22 0.23 0.25
Current ratio 0.29 0.57 0.42
Net debt to EBITDA 0.55 (0.09) 0.08

Dividend

Metric ALL MKL Insurance Property & Casualty median
Dividend yield 2.33% — 2.79%
Payout ratio 1.08 0.00 0.27

Size

Metric ALL MKL Insurance Property & Casualty median
Market cap 57.44b 21.50b 2.44b

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