What is Allstate's other business lines — recoverables?

Allstate (ALL) reported other business lines — recoverables of $14M in Q4 2025.

What does other business lines — recoverables mean?

This metric quantifies the amounts expected to be collected from reinsurers or other third parties to offset claim payments made by the company in its secondary business lines. It reflects the company's reliance on risk-sharing agreements and the credit quality of its reinsurance partners. High levels of recoverables indicate a significant transfer of risk to external parties.

Allstate (ALL) Other business lines — Recoverables

Screener

Other product segments

Auto insurance - liability coverage

$6.3B—

Homeowners

$679M+29.8%

Run-off Property-Liability

$419M—

Commercial lines

$231M-22.7%

Other personal lines

$204M-21.5%

Auto insurance - physical damage coverage

$18M—

Protection Services

$12M—

Similar metrics at other companies

ORIOther short-duration insurance lines — Reinsurance recoverable on claim reserves

$402.7M+32.9%

HIGProperty, Liability and Casualty Insurance Product Line — Reinsurance and other recoverables

$6.52B-1.6%

PGROther Shortduration Insurance Product Line — Total reinsurance recoverables on unpaid claims

$207M-41.5%

ACGLOther short duration lines not included — Unpaid losses and loss adjustment expenses recoverable

$271M-42.8%

AIZOther short-duration insurance lines — Reinsurance Recoverable for Unpaid Claims and Claims Adjustments

$700K-22.2%

SIGICasualty lines — Reinsurance Recoverable for Unpaid Claims and Claims Adjustments

$23.02M+21.8%

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
Homeowners insurance	679
Other personal lines	204
Commercial lines	231
Other business lines	14
Protection Services	12
Run-off Property-Liability	419
ULAE	134
Total recoverables	8,012

Item 8. Financial Statements and Supplementary Data

FAQ

What is Allstate's other business lines — recoverables?: Allstate (ALL) reported other business lines — recoverables of $14M in Q4 2025.
What does other business lines — recoverables mean?: This metric quantifies the amounts expected to be collected from reinsurers or other third parties to offset claim payments made by the company in its secondary business lines. It reflects the company's reliance on risk-sharing agreements and the credit quality of its reinsurance partners. High levels of recoverables indicate a significant transfer of risk to external parties.