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 $117.7B against $57.4B — 2.0× the size. The Allstate Corporation trades at the lower P/E: 4.5× against 10.3×. The Progressive Corporation grew revenue faster over the last twelve months: 10.5% against 5.92%. The Allstate Corporation has the higher net margin (18.8% vs 12.8%) and the higher return on invested capital (25.9% vs 23.0%). Both pay a dividend; The Allstate Corporation yields more (2.33% vs 1.71%). Across the 23 metrics below, The Allstate Corporation leads on 18 and The Progressive Corporation on 5.

Valuation

Metric ALL PGR Insurance Property & Casualty median
P/E 4.49 10.29 10.29
P/S 0.83 1.32 1.17
P/B 1.84 3.49 1.83
Price to free cash flow 4.76 7.48 7.48
EV/EBITDA 3.79 8.08 7.49
EV/Sales 0.93 1.41 1.13
Earnings yield 22.28% 9.72% 9.50%
Free cash flow yield 21.02% 13.37% 13.29%

Profitability

Metric ALL PGR Insurance Property & Casualty median
Gross margin 49.07% 17.21% 41.16%
Operating margin 23.82% 17.21% 15.09%
Net margin 18.80% 12.84% 11.51%
Free cash flow margin 17.46% 17.59% 17.59%
Return on equity 49.14% 34.94% 18.19%
Return on assets 10.96% 9.73% 3.74%
Return on invested capital 25.89% 23.03% 12.06%

Growth

Metric ALL PGR Insurance Property & Casualty median
Revenue growth (TTM) 5.92% 10.49% 8.69%
EPS growth (last fiscal year) 124.01% 33.54% —
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 0.26 0.42
Net debt to EBITDA 0.55 0.44 0.08

Dividend

Metric ALL PGR Insurance Property & Casualty median
Dividend yield 2.33% 1.71% 2.79%
Payout ratio 1.08 0.14 0.27

Size

Metric ALL PGR Insurance Property & Casualty median
Market cap 57.44b 117.67b 2.44b

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