Allstate
ALL · Property & Casualty Insurance
$253.19
2.3%Hartford
HIG · Property & Casualty Insurance
$136.76
1.9%The short version
- Allstate is the larger business, with $67.7B of revenue in fiscal 2025 against $28.4B for Hartford, about 2.4 times as much.
- Hartford grew revenue faster (6.9%, against 5.6%).
- Hartford turned more of its sales into free cash flow (20.3% FCF margin, against 14.6% FCF margin).
- Allstate earned a higher return on the capital invested in it (37.3%, against 22.6%).
- Investors pay more for each dollar of Hartford’s earnings: a P/E of 8.8x against 5.1x for Allstate.
| Latest fiscal year | ALL · FY25 | HIG · FY25 |
|---|---|---|
| Size | ||
| Market cap | $65.6B | $37.8B |
| Revenue | $67.7B | $28.4B |
| Free cash flow | $9.9B | $5.8B |
| Net income | $10.3B | $3.8B |
| Growth | ||
| Revenue growth | 5.6% | 6.9% |
| 5-year growth | 10.1% | 6.7% |
| Share count change | −0.3% | −4.1% |
| Profitability | ||
| Gross margin | — | — |
| Operating margin | — | — |
| Net margin | 15.2% | 13.5% |
| FCF margin | 14.6% | 20.3% |
| Return on capital | 37.3% | 22.6% |
| Return on equity | 39.5% | 21.7% |
| Balance sheet | ||
| Net debt | $1.9B | −$159M |
| Net debt / EBITDA | 0.1x | −0.0x |
| Dividends and buybacks | $2.3B | $2.2B |
| Valuation & quality | ||
| P/E | 5.1x | 8.8x |
| Piotroski F-score | — | — |
FY16
ALL $37.4B
HIG $16.3B
FY17
ALL $39.4B
HIG $17.2B
FY18
ALL $39.8B
HIG $19.0B
FY19
ALL $41.5B
HIG $20.7B
FY20
ALL $41.9B
HIG $20.5B
FY21
ALL $50.6B
HIG $22.4B
FY22
ALL $51.4B
HIG $22.4B
FY23
ALL $57.1B
HIG $24.5B
FY24
ALL $64.1B
HIG $26.5B
FY25
ALL $67.7B
HIG $28.4B
ALL
HIG
FY16
ALL —
HIG —
FY17
ALL —
HIG —
FY18
ALL —
HIG —
FY19
ALL —
HIG —
FY20
ALL —
HIG —
FY21
ALL —
HIG —
FY22
ALL —
HIG —
FY23
ALL —
HIG —
FY24
ALL —
HIG —
FY25
ALL —
HIG —
ALL
HIG
FY16
ALL $3.7B
HIG $1.8B
FY17
ALL $4.0B
HIG $1.9B
FY18
ALL $4.9B
HIG $2.7B
FY19
ALL $4.7B
HIG $3.4B
FY20
ALL $5.2B
HIG $3.8B
FY21
ALL $4.8B
HIG $4.0B
FY22
ALL $4.7B
HIG $3.8B
FY23
ALL $4.0B
HIG $4.0B
FY24
ALL $8.7B
HIG $5.8B
FY25
ALL $9.9B
HIG $5.8B
ALL
HIG
FY16
ALL 9.3%
HIG —
FY17
ALL 15.7%
HIG —
FY18
ALL 9.6%
HIG 11.8%
FY19
ALL 19.5%
HIG 14.7%
FY20
ALL 42.4%
HIG 10.3%
FY21
ALL 13.1%
HIG 13.5%
FY22
ALL −4.7%
HIG 12.2%
FY23
ALL 0.1%
HIG 18.1%
FY24
ALL 22.4%
HIG 20.4%
FY25
ALL 37.3%
HIG 22.6%
ALL
HIG
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Each company's latest fiscal year; fiscal years end in different months. The best value in each row is highlighted where higher (or lower) is clearly better. Not investment advice.