Arthur J. Gallagher vs Allstate (AJG vs ALL)
Side by side from their SEC filings: revenue, margins, growth, returns and valuation, plus short interest, insider activity and institutional ownership.
Allstate is the larger company by revenue ($67.7B vs $13.9B). Arthur J. Gallagher carries the larger market value ($67.2B vs $65.2B). Arthur J. Gallagher has grown revenue faster over the last 4 fiscal years (+69.8% cumulative vs +33.8%). Allstate trades at the lower trailing P/E (5.2x vs 43.4x).
About Arthur J. Gallagher
Arthur J. Gallagher & Co. provides insurance brokerage, reinsurance brokerage, consulting, and third-party property and casualty claims settlement and administration services globally. The company serves commercial, nonprofit, public sector entities, insurance companies, and individuals through its brokerage and risk management segments. Its services include placing insurance and reinsurance coverage, managing risk and employer-sponsored benefit programs, and administering claims for self-insured entities.
About Allstate
Allstate Corporation is a major personal lines insurer in the United States offering auto, homeowners, and other personal property-liability insurance products. It serves customers through exclusive agents, independent agents, and direct channels under brands such as Allstate, National General, and Direct Auto. The company also provides consumer product protection plans, roadside assistance, identity protection, and mobility intelligence services using automotive telematics.
Head to head (AJG FY2025 vs ALL FY2025)
| Metric | AJGFY2025 | ALLFY2025 |
|---|---|---|
| Revenue | $13.94B | $67.69B |
| Revenue growth (YoY) | 20.7% | 5.6% |
| Gross margin | — | — |
| Operating margin | — | — |
| Net margin | 10.7% | 15.2% |
| Net income | $1.49B | $10.28B |
| Diluted EPS | $5.74 | $38.06 |
| FCF margin | — | 14.6% |
| ROE | 6.4% | 33.6% |
| Long-term debt / equity | 0.52× | 0.24× |
| Market cap | $67.16B | $65.20B |
| P/E | 43.4× | 5.2× |
Fundamentals are from each company’s SEC filings (AJG FY2025, ALL FY2025). ROE is net income over fiscal-year-end equity; long-term debt / equity counts non-current term debt only. P/E and market cap are derived from stored market prices, last retrieved on a rolling basis and typically within the past week.
Five-year trend (as reported)
| Revenue | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|
| AJG | $8.21B | $8.55B | $10.07B | $11.55B | $13.94B |
| ALL | $50.60B | $51.41B | $57.09B | $64.11B | $67.69B |
Peer standing
Where each company ranks among the 88 insurance companies, on the same scale. Each figure is ranked only against peers that report it. Percentiles describe position in the distribution, not a rating.
| Metric | AJG | ALL |
|---|---|---|
| Net margin | 10.7%48th percentile of 82 | 15.2%67th percentile of 82 |
| Revenue growth (YoY) | +20.7%68th percentile of 88 | +5.6%37th percentile of 88 |
| ROE | 6.4%24th percentile of 73 | 33.6%92nd percentile of 73 |
| P/E | 43.4×90th percentile of 72 | 5.2×8th percentile of 72 |
| Long-term debt / equity | 0.52×77th percentile of 48 | 0.24×53rd percentile of 48 |
| Short interest (days to cover) | 4.61d58th percentile of 87 | 2.69d28th percentile of 87 |
Short interest
| FINRA settlement data | AJG | ALL |
|---|---|---|
| Shares sold short | 5.8M | 5.2M |
| Change vs prior settlement | -6.3% | -23.0% |
| Days to cover | 4.61 | 2.69 |
| As of settlement | 2026-08-14 | 2026-08-14 |
Source: FINRA Consolidated Short Interest. FINRA is the owner and source of the FINRA-supplied data; republishing or redistributing it is not permitted. Not presented as a percentage of float. No FINRA endorsement of this product is implied.
Insider activity (last 90 days)
| Form 4 activity (codes P/S) | AJG | ALL |
|---|---|---|
| Buys | 0 | 0 |
| Sells | 2 ($4.1M) | 5 ($23.8M) |
Non-derivative purchases (code P) and sales (code S) reported on SEC Form 4, which may be open-market or private (grants, exercises and tax withholding excluded). For context, about 15% of covered companies saw any reported insider purchase (code P) in a 90-day window.
Held by the same investors
6 tracked 13F managers hold both Arthur J. Gallagher and Allstate as of their latest quarterly filings: AQR Capital Management, Citadel Advisors, Dodge & Cox, Gotham Asset Management, Millennium Management, Point72 Asset Management. See which superinvestors hold your own portfolio with the smart money checker.
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Data sourced from SEC EDGAR. Figures are as-reported and may be unaudited or restated; verify against the source filings before relying on them. Comparisons are descriptive (higher or lower on a reported figure), not a rating or a recommendation. Informational only. Not investment advice.