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Side-by-side financial comparison of Allstate (ALL) and Travelers Companies (The) (TRV). Click either name above to swap in a different company.
Allstate is the larger business by last-quarter revenue ($17.3B vs $12.4B, roughly 1.4× Travelers Companies (The)). Allstate runs the higher net margin — 22.1% vs 20.1%, a 2.0% gap on every dollar of revenue. On growth, Allstate posted the faster year-over-year revenue change (5.1% vs 3.5%). Over the past eight quarters, Allstate's revenue compounded faster (6.6% CAGR vs 5.2%).
The Allstate Corporation, together with its subsidiaries, provides property and casualty, and other insurance products in the United States and Canada. The company operates through Allstate Protection; Protection Services; Allstate Health and Benefits; and Run-off Property-Liability segments. The Allstate Protection segment offers private passenger auto and homeowners insurance; specialty auto products, including motorcycle, trailer, motor home, and off-road vehicle insurance; other personal ...
The Travelers Companies, Inc., commonly known as Travelers, is an American multinational insurance company. It is the second-largest writer of U.S. commercial property and casualty insurance, and the sixth-largest writer of U.S. personal insurance through independent agents. Travelers is incorporated in Minnesota, with headquarters in New York City, and its largest office in Hartford, Connecticut. It has been a component of the Dow Jones Industrial Average since June 8, 2009.
ALL vs TRV — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $17.3B | $12.4B |
| Net Profit | $3.8B | $2.5B |
| Gross Margin | — | — |
| Operating Margin | — | 25.0% |
| Net Margin | 22.1% | 20.1% |
| Revenue YoY | 5.1% | 3.5% |
| Net Profit YoY | 98.8% | 19.9% |
| EPS (diluted) | $14.24 | $10.96 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | $17.3B | $12.4B | ||
| Q3 25 | $17.3B | $12.5B | ||
| Q2 25 | $16.6B | $12.1B | ||
| Q1 25 | $16.5B | $11.8B | ||
| Q4 24 | $16.5B | $12.0B | ||
| Q3 24 | $16.6B | $11.9B | ||
| Q2 24 | $15.7B | $11.3B | ||
| Q1 24 | $15.3B | $11.2B |
| Q4 25 | $3.8B | $2.5B | ||
| Q3 25 | $3.7B | $1.9B | ||
| Q2 25 | $2.1B | $1.5B | ||
| Q1 25 | $595.0M | $395.0M | ||
| Q4 24 | $1.9B | $2.1B | ||
| Q3 24 | $1.2B | $1.3B | ||
| Q2 24 | $331.0M | $534.0M | ||
| Q1 24 | $1.2B | $1.1B |
| Q4 25 | — | 25.0% | ||
| Q3 25 | — | 18.8% | ||
| Q2 25 | — | 15.5% | ||
| Q1 25 | — | 4.0% | ||
| Q4 24 | — | 21.6% | ||
| Q3 24 | — | 13.1% | ||
| Q2 24 | — | 5.8% | ||
| Q1 24 | — | 12.2% |
| Q4 25 | 22.1% | 20.1% | ||
| Q3 25 | 21.7% | 15.1% | ||
| Q2 25 | 12.7% | 12.5% | ||
| Q1 25 | 3.6% | 3.3% | ||
| Q4 24 | 11.7% | 17.3% | ||
| Q3 24 | 7.2% | 10.6% | ||
| Q2 24 | 2.1% | 4.7% | ||
| Q1 24 | 8.0% | 10.0% |
| Q4 25 | $14.24 | $10.96 | ||
| Q3 25 | $13.95 | $8.24 | ||
| Q2 25 | $7.76 | $6.53 | ||
| Q1 25 | $2.11 | $1.70 | ||
| Q4 24 | $7.07 | $8.96 | ||
| Q3 24 | $4.33 | $5.42 | ||
| Q2 24 | $1.13 | $2.29 | ||
| Q1 24 | $4.46 | $4.80 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $4.9B | — |
| Total DebtLower is stronger | $7.5B | — |
| Stockholders' EquityBook value | $30.6B | $32.9B |
| Total Assets | $119.8B | $143.7B |
| Debt / EquityLower = less leverage | 0.24× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $4.9B | — | ||
| Q3 25 | $8.7B | — | ||
| Q2 25 | $9.6B | — | ||
| Q1 25 | $6.5B | — | ||
| Q4 24 | $4.5B | — | ||
| Q3 24 | $7.0B | — | ||
| Q2 24 | $5.3B | — | ||
| Q1 24 | $4.3B | — |
| Q4 25 | $7.5B | — | ||
| Q3 25 | $8.1B | — | ||
| Q2 25 | $8.1B | — | ||
| Q1 25 | $8.1B | — | ||
| Q4 24 | $8.1B | — | ||
| Q3 24 | $8.1B | — | ||
| Q2 24 | $8.1B | — | ||
| Q1 24 | $7.9B | — |
| Q4 25 | $30.6B | $32.9B | ||
| Q3 25 | $27.5B | $31.6B | ||
| Q2 25 | $24.0B | $29.5B | ||
| Q1 25 | $22.1B | $28.2B | ||
| Q4 24 | $21.4B | $27.9B | ||
| Q3 24 | $20.9B | $27.7B | ||
| Q2 24 | $18.6B | $24.9B | ||
| Q1 24 | $18.6B | $25.0B |
| Q4 25 | $119.8B | $143.7B | ||
| Q3 25 | $120.4B | $143.7B | ||
| Q2 25 | $115.9B | $138.9B | ||
| Q1 25 | $115.2B | $136.0B | ||
| Q4 24 | $111.6B | $133.2B | ||
| Q3 24 | $113.7B | $134.6B | ||
| Q2 24 | $108.4B | $129.3B | ||
| Q1 24 | $105.2B | $127.4B |
| Q4 25 | 0.24× | — | ||
| Q3 25 | 0.29× | — | ||
| Q2 25 | 0.34× | — | ||
| Q1 25 | 0.37× | — | ||
| Q4 24 | 0.38× | — | ||
| Q3 24 | 0.39× | — | ||
| Q2 24 | 0.43× | — | ||
| Q1 24 | 0.43× | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $3.0B | $2.7B |
| Free Cash FlowOCF − Capex | $2.9B | — |
| FCF MarginFCF / Revenue | 16.7% | — |
| Capex IntensityCapex / Revenue | 0.5% | — |
| Cash ConversionOCF / Net Profit | 0.78× | 1.08× |
| TTM Free Cash FlowTrailing 4 quarters | $9.9B | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $3.0B | $2.7B | ||
| Q3 25 | $3.3B | $4.2B | ||
| Q2 25 | $1.9B | $2.3B | ||
| Q1 25 | $2.0B | $1.4B | ||
| Q4 24 | $1.7B | $2.1B | ||
| Q3 24 | $3.2B | $3.9B | ||
| Q2 24 | $2.4B | $1.7B | ||
| Q1 24 | $1.7B | $1.5B |
| Q4 25 | $2.9B | — | ||
| Q3 25 | $3.2B | — | ||
| Q2 25 | $1.9B | — | ||
| Q1 25 | $1.9B | — | ||
| Q4 24 | $1.7B | — | ||
| Q3 24 | $3.1B | — | ||
| Q2 24 | $2.3B | — | ||
| Q1 24 | $1.6B | — |
| Q4 25 | 16.7% | — | ||
| Q3 25 | 18.8% | — | ||
| Q2 25 | 11.3% | — | ||
| Q1 25 | 11.4% | — | ||
| Q4 24 | 10.0% | — | ||
| Q3 24 | 18.9% | — | ||
| Q2 24 | 14.7% | — | ||
| Q1 24 | 10.6% | — |
| Q4 25 | 0.5% | — | ||
| Q3 25 | 0.3% | — | ||
| Q2 25 | 0.0% | — | ||
| Q1 25 | 0.6% | — | ||
| Q4 24 | 0.3% | — | ||
| Q3 24 | 0.4% | — | ||
| Q2 24 | 0.4% | — | ||
| Q1 24 | 0.3% | — |
| Q4 25 | 0.78× | 1.08× | ||
| Q3 25 | 0.88× | 2.24× | ||
| Q2 25 | 0.89× | 1.55× | ||
| Q1 25 | 3.30× | 3.44× | ||
| Q4 24 | 0.88× | 0.99× | ||
| Q3 24 | 2.69× | 3.08× | ||
| Q2 24 | 7.13× | 3.14× | ||
| Q1 24 | 1.37× | 1.30× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ALL
Segment breakdown not available.
TRV
| Business And International Insurance | $6.6B | 53% |
| Personal Insurance | $4.6B | 37% |
| Bond And Specialty Insurance | $1.2B | 9% |
