What is Allstate's run-off property-liability — recoverables?

Allstate (ALL) reported run-off property-liability — recoverables of $419M in Q4 2025.

How has Allstate's run-off property-liability — recoverables changed year-over-year?

Allstate's run-off property-liability — recoverables decreased by 10.5% year-over-year, from $468M to $419M.

What does run-off property-liability — recoverables mean?

This metric measures the amounts expected to be collected from reinsurers or other third parties to offset claims paid or incurred within a run-off insurance segment. It represents a critical asset that mitigates the net financial burden of legacy insurance liabilities.

Allstate (ALL) Run-off Property-Liability — Recoverables

Screener

Other product segments

Auto insurance - liability coverage

$6.3B—

Homeowners

$679M+29.8%

Commercial lines

$231M-22.7%

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

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

$6.52B-1.6%

KNSLProperty — Reinsurance recoverable for unpaid losses

$112.84M+13.4%

GLREProperty — Add: Losses recoverable (see Note $9)

$34.01M-17.2%

TRVGeneral Liability — Reinsurance Recoverables on Unpaid Losses

$1.86B+25.8%

ACGLProperty excluding property catastrophe — Unpaid losses and loss adjustment expenses recoverable

$362M+30.2%

CINFCommercial Property Segment — Reinsurance recoverable on unpaid losses

$19M-20.8%

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
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
Gross reserve for property and casualty insurance claims and claims expense	$	$41,079

Item 8. Financial Statements and Supplementary Data

FAQ

What is Allstate's run-off property-liability — recoverables?: Allstate (ALL) reported run-off property-liability — recoverables of $419M in Q4 2025.
How has Allstate's run-off property-liability — recoverables changed year-over-year?: Allstate's run-off property-liability — recoverables decreased by 10.5% year-over-year, from $468M to $419M.
What does run-off property-liability — recoverables mean?: This metric measures the amounts expected to be collected from reinsurers or other third parties to offset claims paid or incurred within a run-off insurance segment. It represents a critical asset that mitigates the net financial burden of legacy insurance liabilities.