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Consolidated Statements of Earnings and Comprehensive Income - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Revenues    
Net premiums earned $ 1,297,309 $ 1,207,856
Net investment income 123,049 124,126
Change in the fair value of equity securities 392,353 (42,649)
Net realized capital gains 4,442 44,505
Other than temporary impairment losses (10,020) (511)
Noninsurance revenue 514,123 251,627
Total revenues 2,321,256 1,584,954
Costs and Expenses    
Net loss and loss adjustment expenses 792,498 670,578
Commissions, brokerage and other underwriting expenses 420,126 406,295
Other operating expenses 502,418 264,897
Corporate administration 19,369 7,785
Amortization of intangible assets 6,900 5,264
Interest expense 23,531 21,531
Total costs and expenses 1,764,842 1,376,350
Earnings before income taxes 556,414 208,604
Income taxes 108,512 37,422
Net earnings 447,902 171,182
Net earnings attributable to noncontrolling interest 7,675 (393)
Net earnings attributable to Alleghany stockholders 440,227 171,575
Net earnings 447,902 171,182
Other comprehensive income (loss):    
Change in unrealized gains (losses), net of deferred taxes 183,387 (146,358)
Less: reclassification for net realized capital gains and other than temporary impairments, net of taxes 4,407 1,379
Change in unrealized currency translation adjustment, net of deferred taxes (885) 5,100
Retirement plans 937 (1,322)
Comprehensive income 635,748 29,981
Comprehensive income attributable to noncontrolling interests 7,675 (393)
Comprehensive income attributable to Alleghany stockholders $ 628,073 $ 30,374
Basic earnings per share attributable to Alleghany stockholders $ 30.40 $ 11.15
Diluted earnings per share attributable to Alleghany stockholders $ 30.39 $ 11.04