Sifting through countless of stocks in the Insurance industry can be tedious, and sometimes two stocks are just too similar to judge which is the better investment. If you’re on the fence about investing in The Allstate Corporation or Manulife Financial Corporation because you’re not sure how they measure up, it’s important to compare them on a few factors before making your decision.

Read on to learn how The Allstate Corporation and Manulife Financial Corporation compare based on key financial metrics to determine which better meets your investment needs.

About The Allstate Corporation and Manulife Financial Corporation

The Allstate Corporation, together with its subsidiaries, provides property and casualty, and other insurance products in the United States and Canada. It operates in four segments: Allstate Protection; Run-off Property-Liability; Protection Services; and Corporate and Other. The company offers private passenger auto, homeowners, other personal lines and commercial insurance through exclusive agents, independent agents, contact centers and online under the Allstate, National General, Direct Auto and Answer Financial brands. It also provides consumer product protection plans, device and mobile data collection services, and analytic solutions using automotive telematics information, roadside assistance, and protection plans; and insurance products, such as identity protection and restoration. In addition, the company offers property and casualty insurance, as well as engages in company activities and certain non-insurance operations, including expenses associated with strategic initiatives. Further, it offers automotive protection; vehicle service contracts, guaranteed asset protection, road hazard tires and wheels, and paintless dent repair protection; and roadside assistance, mobility data collection services, and analytic solutions using automotive telematics information, identity theft protection, and remediation services. The Allstate Corporation was founded in 1931 and is headquartered in Northbrook, Illinois.

Manulife Financial Corporation, together with its subsidiaries, provides financial products and services in the United States, Canada, Asia, and internationally. It operates through Wealth and Asset Management Businesses; Insurance and Annuity Products; and Corporate and Other segments. The Wealth and Asset Management Businesses segment offers investment advice and solutions to retirement, retail, and institutional clients through multiple distribution channels, including agents and brokers affiliated with the company, independent securities brokerage firms and financial advisors pension plan consultants, and banks. The Insurance and Annuity Products segment provides deposit and credit products; and individual life insurance, individual and group long-term care insurance, and guaranteed and partially guaranteed annuity products through multiple distribution channels, including insurance agents, brokers, banks, financial planners, and direct marketing. The Corporate and Other segment is involved in the property and casualty reinsurance businesses; and run-off reinsurance operations, including variable annuities, and accident and health. The company also manages timberland and agricultural portfolios; and engages in the insurance agency, broker dealer, investment counseling, portfolio and mutual fund management, property and casualty insurance, and fund and investment management businesses. In addition, it provides integrated banking products and services, as well as offers asset management services. The company was incorporated in 1887 and is headquartered in Toronto, Canada.

Latest Insurance and The Allstate Corporation, Manulife Financial Corporation Stock News

As of May 6, 2026, The Allstate Corporation had a $56.1 billion market capitalization, compared to the Insurance median of $5.0 million. The Allstate Corporation’s stock is NA in 2026, NA in the previous five trading days and up 8.82% in the past year.

Currently, The Allstate Corporation’s price-earnings ratio is 4.8. The Allstate Corporation’s trailing 12-month revenue is $68.2 billion with a 17.8% net profit margin. Year-over-year quarterly sales growth most recently was 3.0%. Analysts expect adjusted earnings to reach $29.620 per share for the current fiscal year. The Allstate Corporation currently has a 2.0% dividend yield.

Currently, Manulife Financial Corporation’s price-earnings ratio is 17.9. Manulife Financial Corporation’s trailing 12-month revenue is $22.6 billion with a 18.7% net profit margin. Year-over-year quarterly sales growth most recently was -31.7%. Analysts expect adjusted earnings to reach $3.317 per share for the current fiscal year. Manulife Financial Corporation currently has a 4.9% dividend yield.

How We Compare The Allstate Corporation and Manulife Financial Corporation Stock Grades

Stock evaluation requires access to huge amounts of data and the knowledge and time to sift through it all, make sense of financial ratios, read income statements and analyze recent stock movements. AAII created A+ Investor, a robust data suite that condenses data research in an actionable and customizable way suitable for investors of all knowledge levels, to help investors streamline and work through such data.

AAII’s proprietary stock grades come with A+ Investor. These offer intuitive A‐F grades for each of five key investing factors: value, growth, momentum, earnings estimate revisions and quality. Here, we’ll take a closer look at The Allstate Corporation and Manulife Financial Corporation’s stock grades to see how they measure up against one another.

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The Allstate Corporation and Manulife Financial Corporation Stock Value Grades

Company	Ticker	Value
The Allstate Corporation	ALL	A
Manulife Financial Corporation	MFC	B

Successful stock investing involves buying low and selling high, so stock valuation is an important consideration for stock selection.

Buying stocks that are going to go up typically means buying stocks that are undervalued in the first place, although momentum investors may argue that point.

AAII’s A+ Investor Value Grade derives from a stock’s value score. The Value Score is the percentile rank of the average of the percentile ranks of the price-to-sales ratio, price-earnings ratio, enterprise-value-to-EBITDA (EV/EBITDA) ratio, shareholder yield, price-to-book-value ratio and price-to-free-cash-flow ratio. The score is variable, meaning it can consider all six ratios or, should any of the six ratios not be valid, the remaining ratios that are valid. To be assigned a Value Score, stocks must have a valid (non-null) ratio and corresponding ranking for at least two of the six valuation ratios.

Stocks with a Value Score from 81 to 100 are considered deep value, those with a score between 61 and 80 are a good value and so on.

The Allstate Corporation has a Value Score of 96, which is Deep Value. Manulife Financial Corporation has a Value Score of 79, which is Value.

The Value Stock Winner: The Allstate Corporation

As you can clearly see from the Value Grade breakdown above, The Allstate Corporation is considered to have better value than Manulife Financial Corporation. For investors who focus solely on a company’s valuation, The Allstate Corporation could be a good stock to add to their portfolio. However, it’s important for investors to analyze multiple factors based on a wide range of metrics before deciding whether to buy.

The Allstate Corporation and Manulife Financial Corporation Growth Grades

Company	Ticker	Growth
The Allstate Corporation	ALL	A
Manulife Financial Corporation	MFC	D

The foundation of growth investing is seeking out stocks of companies exhibiting strong, consistent and prolonged growth that is expected to continue into the future.

In order to compute the growth score and assign it a letter grade, the percentile ranks for each of three components‐consistency of annual sales growth, five-year sales growth rankings adjusted for extreme levels, and consistency of positive annual cash from operations‐must be determined. These three rank figures are added together, and the sum is ranked against the entire stock universe to arrive at a company’s Growth Score to create an equal distribution of grades.

The companies in the bottom 20% of the stock universe receive Growth Grades of F, considered to be very weak, while those in the top 20% receive A grades, which are considered very strong.

The Allstate Corporation has a Growth Score of 100, which is Very Strong. Manulife Financial Corporation has a Growth Score of 36, which is Weak.

The Growth Grade Winner: The Allstate Corporation

As you can clearly see from the Growth Grade breakdown above, The Allstate Corporation has a more attractive growth grade than Manulife Financial Corporation. For investors who focus solely on how a company is growing relative to other companies in the same industry, The Allstate Corporation could be a good stock to add to their portfolio. However, it’s important for investors to analyze multiple factors based on a wide range of metrics before deciding whether to buy.

The Allstate Corporation and Manulife Financial Corporation’s Quality Grades

Company	Ticker	Quality
The Allstate Corporation	ALL	C
Manulife Financial Corporation	MFC	F

Like the Value Grade, AAII’s A+ Investor Quality Grade comes from the percentile rank of key metrics. Specifically, the Quality Score is the percentile rank of the average of the percentile ranks of return on assets (ROA), return on invested capital (ROIC), gross profit relative to assets, buyback yield, change in total liabilities to assets, accruals, Z double prime bankruptcy risk (Z) score and the F-Score.

The score is variable, meaning it can consider all eight measures or, should any of the eight measures not be valid, the remaining measures that are valid. To be assigned a Quality Score, stocks must have a valid (non-null) measure and corresponding ranking for at least four of the eight quality measures.

The Quality Score is used to assess the underlying “quality” of a particular stock. A higher-quality stock possesses traits associated with upside potential and reduced downside risk. Backtesting of the Quality Grade shows that stocks with higher grades, on average, outperformed stocks with lower grades over the period of 1998 through 2019.

Stocks receive better grades (higher scores) for having higher scores for the quality subcomponents and worse grades (lower scores) for lower scores for the subcomponents.

The Allstate Corporation has a Quality Score of 57, which is Average. Manulife Financial Corporation has a Quality Score of 17, which is Very Weak.

The Quality Stock Winner: No Clear Winner

Neither The Allstate Corporation or Manulife Financial Corporation has a high enough Quality Grade to be considered a “winner.” Investors who are considering these companies should do additional due diligence and research to see if either could be a good addition to their portfolios. It’s important to look at a wide range of financial metrics in order to determine if The Allstate Corporation or Manulife Financial Corporation is the better investment when it comes to quality.

Other The Allstate Corporation and Manulife Financial Corporation Grades

In addition to Quality, Growth and Value, A+ Investor also provides grades for Momentum and Estimate Revisions.

Momentum grades help uncover stocks experiencing anomalously high rates of return; research finds that stocks with high relative levels of momentum tend to outperform, whereas those with low levels of momentum tend to continue underperforming.

Earnings estimate revisions scores take into account the magnitude of a company’s earnings surprise in its last two reported fiscal quarters. Often, surprises beget further surprises‐or at least continued sales growth (the exact opposite is generally true, too).

These 2 key factors, when combined with the above, provide a holistic view into a particular stock. Further, by joining A+ Investor you can see whether The Allstate Corporation and Manulife Financial Corporation pass any of our 60+ stock screens that have outperformed the market since their creation.

So, Which Is the Better Investment, The Allstate Corporation or Manulife Financial Corporation Stock?

Overall, The Allstate Corporation stock has a Value Score of 96, Growth Score of 100 and Quality Score of 57.

Manulife Financial Corporation stock has a Value Score of 79, Growth Score of 36 and Quality Score of 17.

Comparing The Allstate Corporation and Manulife Financial Corporation’s grades, scores and metrics can act as a solid basis to determine whether they may be a good investment or not. You’ll also want to look at your portfolio’s asset allocation as well as your risk tolerance and financial goals to see if either of these stocks would make a good fit for you. AAII can help you figure out which investments align with your individual needs and preferences.

Investors are encouraged to do their own due diligence and research. In this way, individuals can effectively become managers of their own assets‐without having to rely on others for financial independence. You can count on AAII for timeless articles on financial planning and stock-picking, unbiased research and actionable analysis.

A+ Investor adds to our qualitative teaching with a powerful data suite to help you whittle down investment choices to find stocks, exchange-traded funds (ETFs) or mutual funds that meet your needs.

AAII Disclaimer

We make no representations or warranties that any investor will, or is likely to, achieve profits similar to those shown, because past, hypothetical or simulated performance is not necessarily indicative of future results. Before making an investment decision, you should consider your circumstances and whether the information on our content is applicable to your situation. This information was prepared in good faith, and we accept no liability for any errors or omissions. The full disclaimer can be read here.