What is Allstate's commercial lines — recoverables?

Allstate (ALL) reported commercial lines — recoverables of $231M in Q4 2025.

How has Allstate's commercial lines — recoverables changed year-over-year?

Allstate's commercial lines — recoverables decreased by 22.7% year-over-year, from $299M to $231M.

What does commercial lines — recoverables mean?

This metric represents the portion of the company's insurance liabilities that are expected to be covered by reinsurance agreements. It reflects the amount the insurer is entitled to collect from reinsurers for claims paid or incurred. This is a key measure of the company's risk transfer strategy and counterparty exposure.

Allstate (ALL) Commercial lines — Recoverables

Screener

Other product segments

Auto insurance - liability coverage

$6.3B—

Homeowners

$679M+29.8%

Run-off Property-Liability

$419M—

Other personal lines

$204M-21.5%

Auto insurance - physical damage coverage

$18M—

Other business lines

$14M+600%

Protection Services

$12M—

Similar metrics at other companies

CINFCommercial Auto Line — Reinsurance recoverable on unpaid losses

$3M0.0%

CINFCommercial Casualty Line — Reinsurance recoverable on unpaid losses

$51M+155%

SIGITotal Commercial Lines — Reinsurance Recoverable for Unpaid Claims and Claims Adjustments

$782.7M+13.1%

THGCore Commercial Lines — Reinsurance Recoverable For Unpaid Claims And Claims Adjustments

$716.4M+14.8%

ORICommercial Automobile — Reinsurance recoverable on claim reserves

$2.56B+11.7%

MCYProperty insurance product line, commercial property — Reinsurance Recoverable for Unpaid Claims and Claims Adjustments

$42K-89.3%

Other financials

Income statement

See full

Revenue$18.6B+11.8%

Net income$3.3B+55.1%

EPS (diluted)$12.51+61.2%

Balance sheet

See full

Cash & equivalents$840.0M-15.6%

Total debt$7.5B-7.4%

Total equity$33.7B+40.3%

Total assets$124.76B+7.6%

Cash flow

See full

Operating cash flow$2.6B+40.6%

CapEx$43.0M—

Free cash flow$2.6B+38.3%

Valuation

See full

Market cap$67.51B+23.9%

Enterprise value$74.17B+20.4%

P/E5.1×-4.3×

P/S1×+0.1×

Profitability

See full

Net margin18.9%+10.2pp

FCF margin17.5%+4.6pp

Returns & leverage

See full

Return on equity46%+18.8pp

Debt / equity0.2×-0.1×

Where this comes from

Reported directly by Allstate in its filing.

Tagged under the XBRL concept us-gaap:ReinsuranceRecoverableForUnpaidClaimsAndClaimsAdjustments.

The source filing: Allstate’s 10-K, filed February 20, 2026.

Filed: Feb 19, 2026, 7:00 PM EST
Fiscal year: FY2025
Accession: 0000899051-26-000031

($ in millions)	As of December 31, 2025	As of December 31, 2025
Auto insurance - physical damage coverage	18
Homeowners insurance	679
Other personal lines	204
Commercial lines	231
Other business lines	14
Protection Services	12
Run-off Property-Liability	419
ULAE	134

Item 8. Financial Statements and Supplementary Data

FAQ

What is Allstate's commercial lines — recoverables?: Allstate (ALL) reported commercial lines — recoverables of $231M in Q4 2025.
How has Allstate's commercial lines — recoverables changed year-over-year?: Allstate's commercial lines — recoverables decreased by 22.7% year-over-year, from $299M to $231M.
What does commercial lines — recoverables mean?: This metric represents the portion of the company's insurance liabilities that are expected to be covered by reinsurance agreements. It reflects the amount the insurer is entitled to collect from reinsurers for claims paid or incurred. This is a key measure of the company's risk transfer strategy and counterparty exposure.