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Commitments and Contingencies
3 Months Ended
Mar. 31, 2017
Commitments and Contingencies

9. Commitments and Contingencies

(a) Legal Proceedings

Certain of Alleghany’s subsidiaries are parties to pending litigation and claims in connection with the ordinary course of their businesses. Each such subsidiary makes provisions for estimated losses to be incurred in such litigation and claims, including legal costs. In the opinion of management, such provisions are adequate.

(b) Leases

Alleghany and its subsidiaries lease certain facilities, furniture and equipment under long-term lease agreements. Additional information about leases can be found in Note 12(b) to Notes to Consolidated Financial Statements set forth in Part II, Item 8, “Financial Statements and Supplementary Data” of the 2016 Form 10-K.

(c) Energy Holdings

As of March 31, 2017, Alleghany had holdings in energy sector businesses of $534.6 million, comprised of $304.1 million of debt securities, $84.9 million of equity securities and $145.6 million of Alleghany’s equity attributable to SORC.