
Allstate Earnings: Outsized Returns Persist Amid Tailwinds
Allstate posted another very strong quarter, driven by multiple tailwinds, though we question how long this will last.
Allstate posted another very strong quarter, driven by multiple tailwinds, though we question how long this will last.
Allstate has historically had a differentiated approach through its use of captive agents and its bundling strategy.
Allstate's growth prospects are quite limited, given its dependence on the declining captive agent channel and the maturity of the insurance industry.
Metric | ALL | BRK.B | TRV |
|---|---|---|---|
Price/Earnings (Normalized) | 5.70 | 18.55 | 10.54 |
Price/Book Value | 2.14 | 1.63 | 2.83 |
Price/Sales | 0.98 | 2.87 | 1.77 |
Price/Cash Flow | 5.82 | 29.64 | 5.37 |
Metric | ALL | BRK.B | TRV |
|---|---|---|---|
Quick Ratio | — | — | — |
Current Ratio | — | — | — |
Interest Coverage | 39.00 | 19.13 | 23.37 |
Metric | ALL | BRK.B | TRV |
|---|---|---|---|
Return on Assets (Normalized) | 9.25% | 6.18% | 5.82% |
Return on Equity (Normalized) | 39.14% | 10.60% | 26.27% |
Return on Invested Capital (Normalized) | 30.24% | 9.48% | 21.20% |
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