The Allstate Corporation (ALL) vs W.R. Berkley Corporation (WRB)

The Allstate Corporation and W.R. Berkley Corporation are both Insurance Property & Casualty companies. The Allstate Corporation is the larger, with a market value of $60.6B against $27.5B — 2.2× the size. The Allstate Corporation trades at the lower P/E: 4.9× against 15.3×. The Allstate Corporation grew revenue faster over the last twelve months: 5.92% against 4.27%. The Allstate Corporation has the higher net margin (18.8% vs 12.9%) and the higher return on invested capital (25.9% vs 15.7%). Both pay a dividend; The Allstate Corporation yields more (1.71% vs 0.25%). Across the 21 metrics below, The Allstate Corporation leads on 16 and W.R. Berkley Corporation on 5.

Valuation

Metric ALL WRB Insurance Property & Casualty median
P/E 4.89 15.34 10.75
P/S 0.90 1.96 1.21
P/B 2.00 2.97 1.99
Price to free cash flow 5.18 8.55 7.76
EV/EBITDA — — —
EV/Sales — — —
Earnings yield 20.45% 6.52% 9.08%
Free cash flow yield 19.30% 11.70% 12.11%

Profitability

Metric ALL WRB Insurance Property & Casualty median
Gross margin 49.07% 47.56% 41.16%
Operating margin 23.82% 17.04% 15.09%
Net margin 18.80% 12.94% 11.51%
Free cash flow margin 17.46% 22.92% 17.46%
Return on equity 49.14% 20.14% 17.34%
Return on assets 10.96% 4.37% 3.74%
Return on invested capital 25.89% 15.74% 12.06%

Growth

Metric ALL WRB Insurance Property & Casualty median
Revenue growth (TTM) 5.92% 4.27% 8.02%
EPS growth (last fiscal year) 124.01% 2.06% 39.61%
Revenue growth, 5-year CAGR 10.06% 12.67% 9.23%
Net income growth, 5-year CAGR 13.23% 27.38% 10.09%

Health

Metric ALL WRB Insurance Property & Casualty median
Debt to equity 0.22 0.29 0.25
Current ratio 0.29 0.32 0.42
Net debt to EBITDA 0.55 0.13 0.08

Dividend

Metric ALL WRB Insurance Property & Casualty median
Dividend yield 1.71% 0.25% 1.50%
Payout ratio 0.08 0.04 0.14

Size

Metric ALL WRB Insurance Property & Casualty median
Market cap 60.58b 27.46b 2.67b

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