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Consolidated Statements of Earnings and Comprehensive Income - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Revenues      
Net premiums earned $ 4,976,190 $ 4,954,990 $ 4,975,777
Net investment income 500,534 451,016 438,455
Change in the fair value of equity securities (228,994)    
Net realized capital gains (3,241) 107,222 63,205
Other than temporary impairment losses (1,328)    
Other than temporary impairment losses   (16,871) (45,165)
Total revenues 6,887,160 6,424,655 6,131,019
Costs and Expenses      
Net loss and loss adjustment expenses 3,520,431 3,620,197 2,917,166
Commissions, brokerage and other underwriting expenses 1,617,333 1,651,177 1,657,251
Other operating expenses 1,579,309 967,104 765,226
Corporate administration 15,732 46,998 42,960
Amortization of intangible assets 24,039 19,419 19,012
Interest expense 90,724 83,070 81,599
Total costs and expenses 6,847,568 6,387,965 5,483,214
Earnings before income taxes 39,592 36,690 647,805
Income taxes (15,062) (63,802) 187,141
Net earnings 54,654 100,492 460,664
Net earnings attributable to noncontrolling interest 15,115 10,359 3,743
Net earnings attributable to Alleghany stockholders 39,539 90,133 456,921
Net earnings 54,654 100,492 460,664
Other comprehensive income (loss):      
Change in unrealized gains (losses), net of deferred taxes of ($56,498), $280,526 and $36,468 for 2018, 2017 and 2016, respectively (212,539) 520,976 67,726
Less: reclassification for net realized capital gains and other than temporary impairments, net of taxes of $3,125, ($25,806) and ($36,281) for 2018, 2017 and 2016, respectively 11,757 (47,925) (67,380)
Change in unrealized currency translation adjustment, net of deferred taxes of ($5,822), $14,344 and ($3,889) for 2018, 2017 and 2016, respectively (21,902) 26,639 (7,223)
Retirement plans 3,071 (3,755) (112)
Comprehensive income (loss) (164,959) 596,427 453,675
Comprehensive income attributable to noncontrolling interests 15,115 10,359 3,743
Comprehensive income (loss) attributable to Alleghany stockholders $ (180,074) $ 586,068 $ 449,932
Basic earnings per share attributable to Alleghany stockholders $ 2.62 $ 5.85 $ 29.60
Diluted earnings per share attributable to Alleghany stockholders $ 2.62 $ 5.85 $ 29.59
Noninsurance Revenue      
Revenues      
Noninsurance revenue $ 1,643,999 $ 928,298 $ 698,747