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

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

WTMCasualty-Runoff — Total Reinsurance recoverables on unpaid losses

-$400K-150%

CIAcquisition, disposition or run-off activities — Reinsurance recoverables before market risk benefits

$3.12B-6.0%

BHFRun-off — Policyholder benefits and claims

$343M-2.6%

KNSLProperty — Reinsurance recoverable for unpaid losses

$112.84M+13.4%

RNRProperty — Reinsurance Recoverable

$802.58M-51.8%

BHFRun-off — Policyholder Benefits and Claims and Interest Credited to Policyholder Account Balances

$217M-35.0%

Other financials

Income statement

See full

Revenue$16.9B+3.0%

Net income$2.5B+313%

EPS (diluted)$9.25+338%

Balance sheet

See full

Cash & equivalents$697.0M-17.0%

Total debt$7.5B-7.4%

Total equity$31.6B+43.3%

Total assets$123.97B+7.7%

Cash flow

See full

Operating cash flow$3.6B+81.4%

CapEx$40.0M-56.5%

Free cash flow$3.5B+88.1%

Valuation

See full

Market cap$56.93B-1.9%

Enterprise value$63.73B-2.4%

P/E4.7×-9.8×

P/S0.8×-0.1×

Profitability

See full

Net margin17.8%+11.6pp

FCF margin16.9%+3.2pp

Returns & leverage

See full

Return on equity45.2%+25.4pp

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 official record: Allstate’s 10-K, filed February 20, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

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.