The Allstate Corporation (ALL)
Allstate provides auto, home, and other personal insurance to US consumers.
Financials stock comparison
ALL vs BRO: which business are you actually underwriting?
Compare The Allstate Corporation with Brown & Brown, Inc. using their business models, SEC classifications, fiscal calendars, current primary filings, and the research questions that matter. This is a thesis framework—not a price target or automatic winner.
- Sector
- Financials
- Industry
- Different SIC
- Shared themes
- 1
- Updated
- 2026-02-20
ALL vs BRO: quick comparison
| Company fact | ALL | BRO |
|---|---|---|
| Company | The Allstate Corporation | Brown & Brown, Inc. |
| Exchange | NYSE | NYSE |
| SEC industry | Fire, Marine & Casualty Insurance | Insurance Agents, Brokers & Service |
| Fiscal year-end | December 31 | January 19 |
| Latest annual filing | 10-K · 2026-02-20 | 10-K · 2026-02-12 |
ALL vs BRO: audited financials
ALL reported about 11.5× the revenue of BRO in the latest audited fiscal year. On profitability, BRO converted a larger share of revenue into net income (17.9% versus 15.0%). Scale and margin are starting facts for the thesis, not the verdict.
| Metric | ALL | BRO |
|---|---|---|
| Revenue | $67.7B | $5.9B |
| Net income | $10.2B | $1.1B |
| Operating cash flow | $10.1B | $1.4B |
| Diluted EPS | $38.06 | $3.16 |
| Net margin | 15.0% | 17.9% |
ALL: FY ending 2025-12-31 · BRO: FY ending 2025-12-31. Figures as tagged in each issuer's SEC XBRL filing; fiscal calendars may not align.
How the businesses differ
Why this pair belongs in the comparison set
ALL and BRO have different SEC industry classifications, but both map to the maintained Rates & central banks research theme inside the Financials sector. A shared classification or theme makes the pair useful for a defined research question; it does not mean the companies have identical products, economics, or risks.
Brown & Brown, Inc. (BRO)
Brown & Brown is an insurance brokerage placing coverage for businesses and individuals.
The useful starting point is not which ticker has performed better. It is whether the two companies convert the same economic forces into revenue and cash flow in the same way. ALL is classified by the SEC as Fire, Marine & Casualty Insurance, while BRO is classified as Insurance Agents, Brokers & Service. The different industry codes are a warning against treating sector membership as proof of identical economics.
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The thesis, the numbers behind it, and what would break it. Full access is $15 a month.
Read the full researchWhich thesis does each company fit?
Use the distinction below to decide which filing deserves deeper work. It is a research routing rule, not a recommendation or prediction.
Study ALL when…
- The shape of the yield curve and net interest margins
- Credit quality and loan-loss provisions
- Regulation and capital requirements
- Deal activity and market volatility
Study BRO when…
- The shape of the yield curve and net interest margins
- Credit quality and loan-loss provisions
- Regulation and capital requirements
- Deal activity and market volatility
Shared research themes
Rates & central banks
SEC filing comparison and disclosure evidence
Start with primary filings because fiscal calendars and accounting presentation can make superficially similar quarters incomparable.ALL's fiscal year ends December 31, while BRO's ends January 19. Normalize the reporting periods before comparing growth, margins, capital intensity, or guidance.
The current verified House and Senate snapshot contains 3matched transaction rows for ALLand 38 for BRO. These delayed, range-based disclosures can identify a filing to inspect; they do not establish motive, conviction, or a real-time trading signal.
ALL primary filings
BRO primary filings
What this comparison cannot tell you
This page does not contain licensed live prices, a valuation model, earnings estimates, portfolio constraints, or a forecast of future returns. SEC classifications can be broad, company descriptions can lag strategic change, and the latest annual filing may predate a material acquisition or divestiture. Read subsequent quarterly and current reports before making a decision.
A stronger business is not automatically the better stock. Starting valuation, expectations, capital structure, cyclicality, dilution, and the probability of each thesis determine the investment outcome. Use this comparison to frame the work, then verify the numbers in the linked filings and current company disclosures.
More comparisons involving ALL or BRO
ALL vs BRO FAQs
Are ALL and BRO direct competitors?
The Allstate Corporation and Brown & Brown, Inc. sit in the same Financials sector but have different SEC industry classifications. The comparison is most useful for portfolio role and sector exposure, not as a claim that every product competes directly.
Which is better, ALL or BRO?
There is no context-free winner. Compare the operating exposures, filing evidence, valuation, balance sheet, and risks against the specific thesis you are testing. This page deliberately does not turn a static profile into a buy or sell recommendation.
Does this ALL vs BRO comparison include live prices?
No. Yield Theory does not republish unlicensed real-time market data. The financial figures on this page are the audited annual numbers The Allstate Corporation and Brown & Brown, Inc. tagged in their SEC XBRL filings. Use a regulated broker or licensed quote provider for current prices and valuation multiples.
Where does the company information come from?
Company classifications, fiscal year-ends, and filing links come from the SEC EDGAR submissions API snapshot refreshed 2026-09-25. Business summaries and research themes are maintained by Yield Theory.
Data snapshot: SEC EDGAR submissions API, refreshed 2026-09-25. Independent educational research; not investment advice.
A comparison is the setup. The thesis is the call.
ALL vs BRO shows how the businesses differ. Membership is the monthly sourced view of who could benefit, what could break, and what evidence matters next. $15/month or $150/year.
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