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Consolidated Statements of Earnings and Comprehensive Income - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Revenues    
Net premiums earned $ 1,209,188 $ 1,221,565
Net investment income 115,538 104,863
Net realized capital gains 59,651 35,893
Other than temporary impairment losses (3,217) (20,759)
Other revenue 151,292 137,388
Total revenues 1,532,452 1,478,950
Costs and Expenses    
Net loss and loss adjustment expenses 699,305 664,644
Commissions, brokerage and other underwriting expenses 408,515 406,733
Other operating expenses 175,138 162,164
Corporate administration 16,885 9,734
Amortization of intangible assets 3,764 3,085
Interest expense 20,935 20,269
Total costs and expenses 1,324,542 1,266,629
Earnings (losses) before income taxes 207,910 212,321
Income taxes 58,550 57,668
Net earnings 149,360 154,653
Net earnings attributable to noncontrolling interest 184 148
Net earnings attributable to Alleghany stockholders 149,176 154,505
Net earnings 149,360 154,653
Other comprehensive income:    
Change in unrealized gains (losses), net of deferred taxes of $67,270 and $54,981 for 2017 and 2016, respectively 124,929 102,107
Less: reclassification for net realized capital gains and other than temporary impairment losses, net of taxes of ($19,752) and ($5,297) for 2017 and 2016, respectively (36,682) (9,837)
Change in unrealized currency translation adjustment, net of deferred taxes of $2,719 and $11,077 for 2017 and 2016, respectively 5,049 20,571
Retirement plans (395) 262
Comprehensive income 242,261 267,756
Comprehensive income attributable to noncontrolling interest 184 148
Comprehensive income attributable to Alleghany stockholders $ 242,077 $ 267,608
Basic earnings per share attributable to Alleghany stockholders $ 9.68 $ 10.00
Diluted earnings per share attributable to Alleghany stockholders $ 9.67 $ 9.96