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 $124.2B against $60.6B — 2.1× the size. The Allstate Corporation trades at the lower P/E: 4.9× against 10.9×. The Allstate Corporation has the higher net margin (18.8% vs 12.9%) and the lower return on invested capital (25.9% vs 49.3%). Both pay a dividend; The Progressive Corporation yields more (6.36% vs 1.71%). Across the 20 metrics below, The Allstate Corporation leads on 14 and The Progressive Corporation on 6.

Valuation

Metric ALL PGR Insurance Property & Casualty median
P/E 4.89 10.94 10.75
P/S 0.90 1.41 1.21
P/B 2.00 3.71 1.99
Price to free cash flow 5.18 7.95 7.76
EV/EBITDA — — —
EV/Sales — — —
Earnings yield 20.45% 9.14% 9.08%
Free cash flow yield 19.30% 12.57% 12.11%

Profitability

Metric ALL PGR Insurance Property & Casualty median
Gross margin 49.07% 37.48% 41.16%
Operating margin 23.82% 37.48% 15.09%
Net margin 18.80% 12.88% 11.51%
Free cash flow margin 17.46% 0.00% 17.46%
Return on equity 49.14% 0.00% 17.34%
Return on assets 10.96% 9.32% 3.74%
Return on invested capital 25.89% 49.30% 12.06%

Growth

Metric ALL PGR Insurance Property & Casualty median
Revenue growth (TTM) 5.92% 5.92% 8.02%
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 0.22 0.24 0.25
Current ratio 0.29 0.28 0.42
Net debt to EBITDA 0.55 0.44 0.08

Dividend

Metric ALL PGR Insurance Property & Casualty median
Dividend yield 1.71% 6.36% 1.50%
Payout ratio 0.08 0.70 0.14

Size

Metric ALL PGR Insurance Property & Casualty median
Market cap 60.58b 124.21b 2.67b

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