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Results for Reportable Segments and Corporate Activities (Detail) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
Segment Reporting Information [Line Items]        
Gross premiums written $ 1,651,100 $ 1,475,300 $ 4,928,500 $ 4,406,700
Net premiums written 1,413,900 1,239,100 4,246,000 3,768,300
Net premiums earned 1,389,981 1,225,346 4,043,298 3,670,161
Net loss and LAE 907,736 957,703 2,497,037 2,366,491
Commissions, brokerage and other underwriting expenses 449,519 407,679 1,313,961 1,216,057
Underwriting (loss) profit [1] 32,800 (140,000) 232,300 87,700
Net investment income 147,829 127,329 413,623 377,728
Change in the fair value of equity securities (16,691) 370,175 519,322 512,771
Net realized capital gains 3,957 16,230 20,753 67,197
Other than temporary impairment losses (3,597) (3) (13,617) (514)
Noninsurance revenue 638,478 438,338 1,756,507 1,032,690
Other operating expenses 617,326 415,378 1,701,218 1,023,440
Corporate administration 22,276 19,094 67,612 40,998
Amortization of intangible assets 8,095 5,500 23,790 16,730
Interest expense 25,703 22,189 74,363 65,997
Earnings before income taxes 129,302 349,872 1,061,905 930,320
Operating Segments        
Segment Reporting Information [Line Items]        
Gross premiums written 1,658,600 1,482,000 4,949,000 4,425,900
Net premiums written 1,413,900 1,239,100 4,246,000 3,768,300
Net premiums earned 1,390,000 1,225,400 4,043,300 3,670,200
Net loss and LAE 907,700 957,700 2,497,000 2,366,500
Commissions, brokerage and other underwriting expenses 449,500 407,700 1,314,000 1,216,000
Underwriting (loss) profit [1] 32,800 (140,000) 232,300 87,700
Net investment income 146,300 123,300 404,900 365,700
Change in the fair value of equity securities (16,700) 373,900 515,700 506,700
Net realized capital gains 3,900 16,200 20,700 67,400
Other than temporary impairment losses (3,600)   (13,600) (500)
Noninsurance revenue 635,500 413,700 1,746,300 995,900
Other operating expenses 610,700 406,100 1,680,300 997,600
Corporate administration 1,500 1,300 4,400 1,800
Amortization of intangible assets 8,100 5,500 23,800 16,800
Interest expense 12,000 9,300 34,500 26,600
Earnings before income taxes 165,900 364,900 1,163,300 980,100
Operating Segments | Reinsurance Segment        
Segment Reporting Information [Line Items]        
Gross premiums written 1,243,300 1,137,300 3,685,600 3,324,600
Net premiums written 1,111,700 985,200 3,332,100 2,958,900
Net premiums earned 1,097,600 961,500 3,201,700 2,903,000
Net loss and LAE 730,700 809,000 2,028,900 1,942,000
Commissions, brokerage and other underwriting expenses 360,900 324,900 1,050,800 964,800
Underwriting (loss) profit [1] 6,000 (172,400) 122,000 (3,800)
Operating Segments | Reinsurance Segment | Property        
Segment Reporting Information [Line Items]        
Gross premiums written 455,900 451,400 1,252,600 1,193,700
Net premiums written 339,000 331,100 961,100 912,100
Net premiums earned 327,000 326,500 939,100 893,700
Net loss and LAE 225,100 387,600 523,800 637,700
Commissions, brokerage and other underwriting expenses 108,300 113,300 315,800 301,200
Underwriting (loss) profit [1] (6,400) (174,400) 99,500 (45,200)
Operating Segments | Reinsurance Segment | Casualty & Other        
Segment Reporting Information [Line Items]        
Gross premiums written [2] 787,400 685,900 2,433,000 2,130,900
Net premiums written [2] 772,700 654,100 2,371,000 2,046,800
Net premiums earned [2] 770,600 635,000 2,262,600 2,009,300
Net loss and LAE [2] 505,600 421,400 1,505,100 1,304,300
Commissions, brokerage and other underwriting expenses [2] 252,600 211,600 735,000 663,600
Underwriting (loss) profit [1],[2] 12,400 2,000 22,500 41,400
Operating Segments | Insurance Segment        
Segment Reporting Information [Line Items]        
Gross premiums written 415,300 344,700 1,263,400 1,101,300
Net premiums written 302,200 253,900 913,900 809,400
Net premiums earned 292,400 263,900 841,600 767,200
Net loss and LAE 177,000 148,700 468,100 424,500
Commissions, brokerage and other underwriting expenses 88,600 82,800 263,200 251,200
Underwriting (loss) profit [1] 26,800 32,400 110,300 91,500
Operating Segments | Insurance Segment | RSUI        
Segment Reporting Information [Line Items]        
Gross premiums written 319,700 260,800 991,100 854,200
Net premiums written 213,400 176,000 661,700 579,800
Net premiums earned 208,900 190,600 603,700 556,200
Net loss and LAE 125,900 107,000 325,800 309,600
Commissions, brokerage and other underwriting expenses 55,700 52,800 167,200 160,000
Underwriting (loss) profit [1] 27,300 30,800 110,700 86,600
Operating Segments | Insurance Segment | CapSpecialty Incorporated        
Segment Reporting Information [Line Items]        
Gross premiums written 95,600 83,900 272,300 247,100
Net premiums written 88,800 77,900 252,200 229,600
Net premiums earned 83,500 73,300 237,900 211,000
Net loss and LAE 51,100 41,700 142,300 114,900
Commissions, brokerage and other underwriting expenses 32,900 30,000 96,000 91,200
Underwriting (loss) profit [1] (500) 1,600 (400) 4,900
Operating Segments | Reinsurance Segment and Insurance Segment        
Segment Reporting Information [Line Items]        
Gross premiums written 1,658,600 1,482,000 4,949,000 4,425,900
Net premiums written 1,413,900 1,239,100 4,246,000 3,768,300
Net premiums earned 1,390,000 1,225,400 4,043,300 3,670,200
Net loss and LAE 907,700 957,700 2,497,000 2,366,500
Commissions, brokerage and other underwriting expenses 449,500 407,700 1,314,000 1,216,000
Underwriting (loss) profit [1] 32,800 (140,000) 232,300 87,700
Net investment income 145,100 122,500 401,500 362,000
Change in the fair value of equity securities (16,700) 373,900 515,700 506,700
Net realized capital gains 4,100 16,200 20,400 66,800
Other than temporary impairment losses (3,600)   (13,600) (500)
Noninsurance revenue 7,500 6,200 19,500 16,700
Other operating expenses 32,500 23,600 88,300 60,600
Corporate administration 1,500 1,300 4,400 1,800
Amortization of intangible assets 400 (300) 1,000 (200)
Interest expense 6,800 6,700 20,300 20,500
Earnings before income taxes 128,000 347,500 1,061,800 956,700
Operating Segments | Alleghany Capital Corporation Segment        
Segment Reporting Information [Line Items]        
Net investment income [3] 1,200 800 3,400 3,700
Net realized capital gains [3] (200)   300 600
Noninsurance revenue [3] 628,000 407,500 1,726,800 979,200
Other operating expenses [3] 578,200 382,500 1,592,000 937,000
Amortization of intangible assets [3] 7,700 5,800 22,800 17,000
Interest expense [3] 5,200 2,600 14,200 6,100
Earnings before income taxes [3] 37,900 17,400 101,500 23,400
Corporate activities        
Segment Reporting Information [Line Items]        
Gross premiums written [4] (7,500) (6,700) (20,500) (19,200)
Net investment income [4] 1,500 4,000 8,700 12,000
Change in the fair value of equity securities [4]   (3,700) 3,600 6,100
Net realized capital gains [4]     100 (200)
Noninsurance revenue [4] 3,000 24,600 10,200 36,800
Other operating expenses [4] 6,600 9,200 20,900 25,900
Corporate administration [4] 20,800 17,800 63,200 39,200
Interest expense [4] 13,700 12,900 39,900 39,400
Earnings before income taxes [4] $ (36,600) $ (15,000) $ (101,400) $ (49,800)
[1] Underwriting profit represents net premiums earned less net loss and LAE and commissions, brokerage and other underwriting expenses, all as determined in accordance with GAAP, and does not include net investment income, change in the fair value of equity securities, net realized capital gains, OTTI losses, noninsurance revenue, other operating expenses, corporate administration, amortization of intangible assets or interest expense. Underwriting profit does not replace earnings before income taxes determined in accordance with GAAP as a measure of profitability. Rather, Alleghany believes that underwriting profit enhances the understanding of its reinsurance and insurance segments’ operating results by highlighting net earnings attributable to their underwriting performance. Earnings before income taxes (a GAAP measure) may show a profit despite an underlying underwriting loss. Where underwriting losses persist over extended periods, a reinsurance or an insurance company’s ability to continue as an ongoing concern may be at risk. Therefore, Alleghany views underwriting profit as an important measure in the overall evaluation of performance.
[2] Primarily consists of the following reinsurance lines of business: directors’ and officers’ liability; errors and omissions liability; general liability; medical malpractice; ocean marine and aviation; auto liability; accident and health; mortgage reinsurance; surety; and credit.
[3] Excludes certain minor, legacy investments that were previously reflected in Alleghany Capital in 2018 and prior periods, to align with management’s view of reportable segments.
[4] Includes elimination of minor reinsurance activity between segments. Also, includes certain minor, legacy investments that were previously reflected in Alleghany Capital in 2018 and prior periods.