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Consolidated Statements of Earnings and Comprehensive Income - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Revenues      
Net premiums earned $ 5,478,143 $ 4,976,190 $ 4,954,990
Net investment income 550,241 500,534 451,016
Change in the fair value of equity securities 709,695 (228,994)  
Net realized capital gains (6,551) (3,241) 107,222
Other than temporary impairment losses (19,660) (1,328)  
Other than temporary impairment losses     (16,871)
Noninsurance revenue 2,328,848 1,643,999 928,298
Total revenues 9,040,716 6,887,160 6,424,655
Costs and Expenses      
Net loss and loss adjustment expenses 3,686,435 3,520,431 3,620,197
Commissions, brokerage and other underwriting expenses [1] 1,758,698 1,617,333 1,651,177
Other operating expenses 2,263,326 1,579,309 967,104
Corporate administration 74,830 15,732 46,998
Amortization of intangible assets 33,834 24,039 19,419
Interest expense 99,957 90,724 83,070
Total costs and expenses 7,917,080 6,847,568 6,387,965
Earnings (losses) before income taxes 1,123,636 39,592 36,690
Income taxes 233,435 (15,062) (63,802)
Net earnings 890,201 54,654 100,492
Net earnings attributable to noncontrolling interests 32,400 15,115 10,359
Net earnings attributable to Alleghany stockholders 857,801 39,539 90,133
Net earnings 890,201 54,654 100,492
Other comprehensive income (loss):      
Change in unrealized gains (losses), net of deferred taxes 402,957 (212,539) 520,976
Less: reclassification for net realized capital gains and other than temporary impairments, net of taxes (20,384) 11,757 (47,925)
Change in unrealized currency translation adjustment, net of deferred taxes 2,933 (21,902) 26,639
Retirement plans (12,153) 3,071 (3,755)
Comprehensive income (loss) 1,263,554 (164,959) 596,427
Comprehensive income attributable to noncontrolling interests 32,400 15,115 10,359
Comprehensive income (loss) attributable to Alleghany stockholders $ 1,231,154 $ (180,074) $ 586,068
Basic earnings per share attributable to Alleghany stockholders $ 59.44 $ 2.62 $ 5.85
Diluted earnings per share attributable to Alleghany stockholders $ 59.39 $ 2.62 $ 5.85
[1] Includes amortization associated with deferred acquisition costs of $1,392.8 million, $1,271.4 million and $1,261.7 million for the years ended December 31, 2019, 2018 and 2017, respectively.