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Consolidated Statements of Earnings and Comprehensive Income - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Revenues      
Net premiums earned $ 4,230,286 $ 4,410,647 $ 4,239,216
Net investment income 438,817 459,876 465,664
Net realized capital gains 213,897 247,058 232,119
Other than temporary impairment losses (133,868) (36,294) (44,047)
Other income 250,346 150,522 78,702
Total revenues 4,999,478 5,231,809 4,971,654
Costs and Expenses      
Net loss and loss adjustment expenses 2,339,790 2,494,565 2,479,353
Commissions, brokerage and other underwriting expenses [1] 1,423,889 1,421,306 1,339,191
Other operating expenses 342,361 252,673 164,859
Corporate administration 46,503 47,054 36,111
Amortization of intangible assets (2,211) (5,750) 10,164
Interest expense 91,778 90,052 86,740
Total costs and expenses 4,242,110 4,299,900 4,116,418
Earnings (losses) before income taxes 757,368 931,909 855,236
Income taxes 195,173 251,777 225,882
Net earnings 562,195 680,132 629,354
Net earnings attributable to noncontrolling interest 1,880 893 933
Net earnings attributable to Alleghany stockholders 560,315 679,239 628,421
Net earnings 562,195 680,132 629,354
Other comprehensive income:      
Change in unrealized gains (losses), net of deferred taxes of ($83,332), $193,881 and $37,791 for 2015, 2014 and 2013, respectively (154,759) 360,065 70,183
Less: reclassification for net realized capital gains and other than temporary impairment losses, net of taxes of ($37,044), ($77,042) and ($51,209) for 2015, 2014 and 2013, respectively (68,796) (143,077) (95,102)
Change in unrealized currency translation adjustment, net of deferred taxes of ($7,940), ($21,464) and ($19,323) for 2015, 2014 and 2013, respectively (14,746) (39,861) (35,886)
Retirement plans 990 (10,473) (2,773)
Comprehensive income 324,884 846,786 565,776
Comprehensive income attributable to noncontrolling interest 1,880 893 933
Comprehensive income attributable to Alleghany stockholders $ 323,004 $ 845,893 $ 564,843
Basic earnings per share attributable to Alleghany stockholders $ 35.14 $ 41.40 $ 37.44
Diluted earnings per share attributable to Alleghany stockholders $ 35.13 $ 41.40 $ 37.44
[1] Includes amortization associated with deferred acquisition costs of $1,024.5 million, $1,042.0 million and $973.5 million for the years ended December 31, 2015, 2014 and 2013, respectively.