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Consolidated Statements of Earnings and Comprehensive Income (Loss) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Sep. 30, 2016
Sep. 30, 2015
Revenues        
Net premiums earned $ 1,253,515 $ 1,049,071 $ 3,736,596 $ 3,140,965
Net investment income 120,603 118,159 332,326 334,628
Net realized capital gains 27,221 29,202 117,126 158,513
Other than temporary impairment losses (11,729) (52,680) (38,216) (112,278)
Other revenue 225,006 45,285 527,765 125,270
Total revenues 1,614,616 1,189,037 4,675,597 3,647,098
Costs and Expenses        
Net loss and loss adjustment expenses 718,556 594,729 2,198,512 1,737,100
Commissions, brokerage and other underwriting expenses 423,042 360,203 1,238,712 1,067,766
Other operating expenses 228,408 68,453 575,527 199,670
Corporate administration 10,745 10,922 33,938 33,441
Amortization of intangible assets 6,008 (1,104) 14,490 (3,815)
Interest expense 20,682 22,691 61,384 69,158
Total costs and expenses 1,407,441 1,055,894 4,122,563 3,103,320
Earnings (losses) before income taxes 207,175 133,143 553,034 543,778
Income taxes 48,328 36,045 162,274 138,113
Net earnings 158,847 97,098 390,760 405,665
Net earnings attributable to noncontrolling interest 3,016 568 3,353 1,448
Net earnings attributable to Alleghany stockholders 155,831 96,530 387,407 404,217
Net earnings 158,847 97,098 390,760 405,665
Other comprehensive income:        
Change in unrealized gains (losses), net of deferred taxes 46,657 (150,904) 238,418 (198,689)
Less: reclassification for net realized capital gains and other than temporary impairment losses, net of taxes (10,070) 15,261 (42,712) (30,053)
Change in unrealized currency translation adjustment, net of deferred taxes (3,041) (386) 19,162 (8,253)
Retirement plans 95 129 452 (256)
Comprehensive income (loss) 192,488 (38,802) 606,080 168,414
Comprehensive income attributable to noncontrolling interest 3,016 568 3,353 1,448
Comprehensive income (loss) attributable to Alleghany stockholders $ 189,472 $ (39,370) $ 602,727 $ 166,966
Basic earnings per share attributable to Alleghany stockholders $ 10.09 $ 6.07 $ 25.09 $ 25.31
Diluted earnings per share attributable to Alleghany stockholders $ 10.09 $ 6.07 $ 25.08 $ 25.30