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 $57.4B against $25.0B — 2.3× the size. The Allstate Corporation trades at the lower P/E: 4.5× against 13.7×. 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 (2.33% vs 1.72%). Across the 23 metrics below, The Allstate Corporation leads on 18 and W.R. Berkley Corporation on 5.

Valuation

Metric ALL WRB Insurance Property & Casualty median
P/E 4.49 13.66 10.29
P/S 0.83 1.75 1.17
P/B 1.84 2.64 1.83
Price to free cash flow 4.76 7.62 7.48
EV/EBITDA 3.79 10.60 7.49
EV/Sales 0.93 1.76 1.13
Earnings yield 22.28% 7.32% 9.50%
Free cash flow yield 21.02% 13.13% 13.29%

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% 17.59%
Return on equity 49.14% 20.14% 18.19%
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% 8.69%
EPS growth (last fiscal year) 124.01% 2.06% —
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 2.33% 1.72% 2.79%
Payout ratio 1.08 0.09 0.27

Size

Metric ALL WRB Insurance Property & Casualty median
Market cap 57.44b 24.98b 2.44b

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