Goodwill and Intangible Assets (Tables)

12 Months Ended

Dec. 31, 2019

Goodwill And Intangible Assets Disclosure [Abstract]

Goodwill and Intangible Asset, Net of Accumulated Amortization Expense on Consolidated Balance Sheets

The following table presents the amount of goodwill and intangible assets, net of accumulated amortization expense, reported on Alleghany’s consolidated balance sheets as of December 31, 2019 and 2018:

	December 31, 2019									December 31, 2018
	Gross Carrying Value			Accumulated Amortization			Net Carrying Value⁽¹⁾			Gross Carrying Value			Accumulated Amortization			Net Carrying Value⁽¹⁾
	($ in millions)
Insurance Segment⁽²⁾ - Goodwill	$	49.0		$	—		$	49.0		$	49.0		$	—		$	49.0
Insurance Segment - Intangible assets:
Agency relationships		16.6			12.4			4.2			18.4			11.4			7.0
State insurance licenses		25.1			—			25.1			25.1			—			25.1
Trade name		35.5			—			35.5			35.5			—			35.5
Brokerage and reinsurance relationships		33.8			33.8			—			33.8			33.8			—
Renewal rights		25.1			24.5			0.6			25.1			24.1			1.0
Other		4.1			4.1			—			4.1			4.1			—
Total insurance segment intangibles		140.2			74.8			65.4			142.0			73.4			68.6
Total insurance segment goodwill and other intangibles	$	189.2		$	74.8		$	114.4		$	191.0		$	73.4		$	117.6

Reinsurance Segment⁽²⁾ - Goodwill	$	8.8		$	—		$	8.8		$	8.8		$	—		$	8.8
Reinsurance Segment - Intangible assets:
Value of business in-force		291.4			291.4			—			291.4			291.4			—
Loss and LAE reserves		(98.8	)		(85.7	)		(13.1	)		(98.8	)		(82.6	)		(16.2	)
State and foreign insurance licenses		19.0			—			19.0			19.0			—			19.0
Trade name		50.0			—			50.0			50.0			—			50.0
Renewal rights		53.0			30.7			22.3			51.5			26.0			25.5
Leases		(25.8	)		(21.6	)		(4.2	)		(28.1	)		(19.5	)		(8.6	)
Other		15.1			10.9			4.2			14.6			10.0			4.6
Total reinsurance segment intangibles		303.9			225.7			78.2			299.6			225.3			74.3
Total reinsurance segment goodwill and other intangibles	$	312.7		$	225.7		$	87.0		$	308.4		$	225.3		$	83.1

Alleghany Capital⁽²⁾⁽³⁾ - Goodwill	$	465.2		$	—		$	465.2		$	397.3		$	—		$	397.3
Alleghany Capital⁽³⁾ - Intangible assets:
Trade name		171.8			0.6			171.2			176.9			0.1			176.8
License agreements		152.1			32.6			119.5			68.2			22.6			45.6
Customer relationships		296.4			47.5			248.9			215.1			27.7			187.4
Other		25.8			23.0			2.8			21.2			20.8			0.4
Total Alleghany Capital intangibles		646.1			103.7			542.4			481.4			71.2			410.2
Total Alleghany Capital goodwill and other intangibles	$	1,111.3		$	103.7		$	1,007.6		$	878.7		$	71.2		$	807.5

Alleghany consolidated:
Goodwill	$	523.0		$	—		$	523.0		$	455.1		$	—		$	455.1
Intangible assets		1,090.2			404.2			686.0			923.0			369.9			553.1
Goodwill and other intangibles assets	$	1,613.2		$	404.2		$	1,209.0		$	1,378.1		$	369.9		$	1,008.2

(1)	Goodwill and intangible assets have been reduced by amounts written-down in prior periods, as applicable.

(2)	See Note 13 for additional information on Alleghany’s segments of business.

(3)

Represents goodwill and other intangible assets related to the acquisition of: (i) Jazwares on April 15, 2016 and its subsequent acquisitions; (ii) W&W|AFCO Steel on April 28, 2017 and its subsequent acquisition; (iii) Concord on October 1, 2018; (iv) PCT on April 26, 2012 and its subsequent acquisitions; (v) IPS on October 31, 2015 and its subsequent acquisition; and (vi) Kentucky Trailer on August 30, 2013 and its subsequent acquisitions. Balances as of December 31, 2019 also reflect the finalization of provisional estimates that existed as of December 31, 2018.