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Consolidated Statements of Earnings and Comprehensive Income - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Revenues    
Net premiums earned $ 1,207,856 $ 1,209,188
Net investment income 124,126 115,538
Change in the fair value of equity securities (42,649)  
Net realized capital gains 44,505 59,651
Other than temporary impairment losses (511) (3,217)
Noninsurance revenue 251,627 151,292
Total revenues 1,584,954 1,532,452
Costs and Expenses    
Net loss and loss adjustment expenses 670,578 699,305
Commissions, brokerage and other underwriting expenses 406,295 408,515
Other operating expenses 264,897 175,138
Corporate administration 7,785 16,885
Amortization of intangible assets 5,264 3,764
Interest expense 21,531 20,935
Total costs and expenses 1,376,350 1,324,542
(Losses) earnings before income taxes 208,604 207,910
Income taxes 37,422 58,550
Net earnings 171,182 149,360
Net earnings attributable to noncontrolling interest (393) 184
Net earnings attributable to Alleghany stockholders 171,575 149,176
Net earnings 171,182 149,360
Other comprehensive income:    
Change in unrealized gains (losses), net of deferred taxes of ($38,905) and $67,270 for 2018 and 2017, respectively (146,358) 124,929
Less: reclassification for net realized capital gains and other than temporary impairment losses, net of taxes of $366 and ($19,752) for 2018 and 2017, respectively 1,379 (36,682)
Change in unrealized currency translation adjustment, net of deferred taxes of $1,356 and $2,719 for 2018 and 2017, respectively 5,100 5,049
Retirement plans (1,322) (395)
Comprehensive income 29,981 242,261
Comprehensive income attributable to noncontrolling interest (393) 184
Comprehensive income attributable to Alleghany stockholders $ 30,374 $ 242,077
Basic earnings per share attributable to Alleghany stockholders $ 11.15 $ 9.68
Diluted earnings per share attributable to Alleghany stockholders $ 11.04 $ 9.67