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Consolidated Statements of Earnings and Comprehensive Income - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Revenues    
Net premiums earned $ 1,221,565 $ 1,017,171
Net investment income 104,863 113,382
Net realized capital gains 35,893 43,151
Other than temporary impairment losses (20,759) (52,281)
Other revenue 137,388 36,200
Total revenues 1,478,950 1,157,623
Costs and Expenses    
Net loss and loss adjustment expenses 664,644 546,916
Commissions, brokerage and other underwriting expenses 406,733 343,609
Other operating expenses 162,164 67,405
Corporate administration 9,734 12,678
Amortization of intangible assets 3,085 (1,660)
Interest expense 20,269 23,092
Total costs and expenses 1,266,629 992,040
Earnings (losses) before income taxes 212,321 165,583
Income taxes 57,668 40,163
Net earnings 154,653 125,420
Net earnings attributable to noncontrolling interest 148 211
Net earnings attributable to Alleghany stockholders 154,505 125,209
Net earnings 154,653 125,420
Other comprehensive income:    
Change in unrealized gains, net of deferred taxes of $54,981 and $33,141 for 2016 and 2015, respectively 102,107 61,548
Less: reclassification for net realized capital gains and other than temporary impairment losses, net of taxes of ($5,297) and $3,196 for 2016 and 2015, respectively (9,837) 5,935
Change in unrealized currency translation adjustment, net of deferred taxes of $11,077 and ($5,791) for 2016 and 2015, respectively 20,571 (10,755)
Retirement plans 262 (522)
Comprehensive income 267,756 181,626
Comprehensive income attributable to noncontrolling interest 148 211
Comprehensive income attributable to Alleghany stockholders $ 267,608 $ 181,415
Basic earnings per share attributable to Alleghany stockholders $ 10.00 $ 7.82
Diluted earnings per share attributable to Alleghany stockholders $ 9.96 $ 7.82