The Allstate Corporation (ALL) vs The Progressive Corporation (PGR)

The Allstate Corporation and The Progressive Corporation are both Insurance Property & Casualty companies. The Progressive Corporation is the larger, with a market value of $135.1B against $67.4B — 2.0× the size. The Allstate Corporation trades at the lower P/E: 6.0× against 11.7×. The Progressive Corporation grew revenue faster over the last twelve months: 7.67% against 5.06%. The Allstate Corporation has the higher net margin (16.4% vs 12.7%) and the lower return on invested capital (0.00% vs 22.8%). Both pay a dividend; The Progressive Corporation yields more (5.96% vs 1.59%). Across the 21 metrics below, The Allstate Corporation leads on 12 and The Progressive Corporation on 9.

Valuation

Metric ALL PGR Insurance Property & Casualty median
P/E 5.96 11.71 12.17
P/S 0.95 1.48 1.26
P/B 2.21 3.93 1.85
Price to free cash flow 5.26 8.86 8.04
EV/EBITDA — — —
EV/Sales — — —
Earnings yield 16.78% 8.54% 8.20%
Free cash flow yield 18.99% 11.28% 11.86%

Profitability

Metric ALL PGR Insurance Property & Casualty median
Gross margin 0.00% 17.01% 37.39%
Operating margin 0.00% 17.01% 14.67%
Net margin 16.41% 12.67% 10.16%
Free cash flow margin 18.13% 16.66% 18.60%
Return on equity 41.31% 33.24% 16.59%
Return on assets 9.28% 9.32% 3.38%
Return on invested capital 0.00% 22.84% 9.43%

Growth

Metric ALL PGR Insurance Property & Casualty median
Revenue growth (TTM) 5.06% 7.67% 5.70%
EPS growth (last fiscal year) 124.01% 33.54% 39.61%
Revenue growth, 5-year CAGR 10.06% 15.50% 9.23%
Net income growth, 5-year CAGR 13.23% 14.77% 10.09%

Health

Metric ALL PGR Insurance Property & Casualty median
Debt to equity 0.23 0.24 0.25
Current ratio 0.29 0.25 0.49
Net debt to EBITDA 0.55 0.44 0.08

Dividend

Metric ALL PGR Insurance Property & Casualty median
Dividend yield 1.59% 5.96% 1.56%
Payout ratio 0.10 0.70 0.15

Size

Metric ALL PGR Insurance Property & Casualty median
Market cap 67.44b 135.10b 2.64b

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