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Stockholders' Equity (Tables)
3 Months Ended
Mar. 31, 2014
Reconciliation of Accumulated Other Comprehensive Income

The following table presents a reconciliation of the changes during the three months ended March 31, 2014 and 2013 in accumulated other comprehensive income attributable to Alleghany stockholders:

 

      Unrealized  
  Appreciation of  
  Investments  
        Unrealized    
    Currency    
     Translation    
    Adjustment    
      Retirement Plans               Total          
    (in millions)  

Balance as of January 1, 2014

    $ 238.4          $ (49.3)         $ (2.2)         $ 186.9     

Other comprehensive income, net of tax:

       

Other comprehensive income before reclassifications

    151.1          0.4          0.1          151.6     

Reclassifications from accumulated other comprehensive income

    (59.5)         -              -              (59.5)    
 

 

 

   

 

 

   

 

 

   

 

 

 

Total

    91.6          0.4          0.1          92.1     
 

 

 

   

 

 

   

 

 

   

 

 

 

Balance as of March 31, 2014

    $ 330.0          $ (48.9)         $ (2.1)         $ 279.0     
 

 

 

   

 

 

   

 

 

   

 

 

 
    Unrealized
Appreciation of
Investments
   

 

Unrealized
Currency
Translation
Adjustment

    Retirement Plans     Total  
    (in millions)  

Balance as of January 1, 2013

    $ 263.3          $ (13.4)         $ 0.6          $ 250.5     

Other comprehensive income, net of tax:

       

Other comprehensive income before reclassifications

    85.2          (10.0)         (0.1)         75.1     

Reclassifications from accumulated other comprehensive income

    (12.1)         -              -              (12.1)    
 

 

 

   

 

 

   

 

 

   

 

 

 

Total

    73.1          (10.0)         (0.1)         63.0     
 

 

 

   

 

 

   

 

 

   

 

 

 

Balance as of March 31, 2013

    $ 336.4          $ (23.4)         $ 0.5          $ 313.5     
 

 

 

   

 

 

   

 

 

   

 

 

 
Reclassifications of Accumulated Other Comprehensive Income

Reclassifications out of accumulated other comprehensive income attributable to Alleghany stockholders during the three months ended March 31, 2014 and 2013 were as follows:

 

         Three Months Ended
March 31,
 

Accumulated Other Comprehensive Income Component

  

Line in Consolidated Statement of Earnings

          2014                     2013          
         (in millions)  

Unrealized appreciation of investments:

   Net realized capital gains     $ (96.8)         $ (50.9)    
   Other than temporary impairment losses     5.2          32.3     
   Income taxes     32.1          6.5     
    

 

 

   

 

 

 

Total reclassifications:

   Net earnings     $ (59.5)         $ (12.1)