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Consolidated Statements of Earnings and Comprehensive Income - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Revenues      
Net premiums earned $ 4,975,777 $ 4,230,286 $ 4,410,647
Net investment income 438,455 438,817 459,876
Net realized capital gains 63,205 213,897 247,058
Other than temporary impairment losses (45,165) (133,868) (36,294)
Other revenue 698,747 250,346 150,522
Total revenues 6,131,019 4,999,478 5,231,809
Costs and Expenses      
Net loss and loss adjustment expenses 2,917,166 2,339,790 2,494,565
Commissions, brokerage and other underwriting expenses [1] 1,657,251 1,423,889 1,421,306
Other operating expenses 765,226 342,361 252,673
Corporate administration 42,960 46,503 47,054
Amortization of intangible assets 19,012 (2,211) (5,750)
Interest expense 81,599 91,778 90,052
Total costs and expenses 5,483,214 4,242,110 4,299,900
Earnings (losses) before income taxes 647,805 757,368 931,909
Income taxes 187,141 195,173 251,777
Net earnings 460,664 562,195 680,132
Net earnings attributable to noncontrolling interest 3,743 1,880 893
Net earnings attributable to Alleghany stockholders 456,921 560,315 679,239
Net earnings 460,664 562,195 680,132
Other comprehensive income:      
Change in unrealized gains (losses), net of deferred taxes of $36,468, ($83,332) and $193,881 for 2016, 2015 and 2014, respectively 67,726 (154,759) 360,065
Less: reclassification for net realized capital gains and other than temporary impairment losses, net of taxes of ($36,281), ($37,044) and ($77,042) for 2016, 2015 and 2014, respectively (67,380) (68,796) (143,077)
Change in unrealized currency translation adjustment, net of deferred taxes of ($3,889), ($7,940) and ($21,464) for 2016, 2015 and 2014, respectively (7,223) (14,746) (39,861)
Retirement plans (112) 990 (10,473)
Comprehensive income (loss) 453,675 324,884 846,786
Comprehensive income attributable to noncontrolling interest 3,743 1,880 893
Comprehensive income attributable to Alleghany stockholders $ 449,932 $ 323,004 $ 845,893
Basic earnings per share attributable to Alleghany stockholders $ 29.60 $ 35.14 $ 41.40
Diluted earnings per share attributable to Alleghany stockholders $ 29.59 $ 35.13 $ 41.40
[1] Includes amortization associated with deferred acquisition costs of $1,253.2 million, $1,024.5 million and $1,042.0 million for the years ended December 31, 2016, 2015 and 2014, respectively.