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Consolidated Statements of Earnings and Comprehensive Income - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Revenues    
Net premiums earned $ 1,604,763 $ 1,444,420
Net investment income 153,484 111,982
Change in the fair value of equity securities 112,728 (522,976)
Net realized capital gains 12,931 13,026
Change in allowance for credit losses on available for sale securities 1,972 (31,375)
Noninsurance revenue 767,835 467,849
Total revenues 2,653,713 1,482,926
Costs and Expenses    
Net loss and loss adjustment expenses 1,112,070 1,027,444
Commissions, brokerage and other underwriting expenses 476,036 441,396
Other operating expenses 723,889 466,661
Corporate administration 9,558 (14,307)
Amortization of intangible assets 11,478 9,568
Interest expense 23,752 18,356
Total costs and expenses 2,356,783 1,949,118
Earnings (losses) before income taxes 296,930 (466,192)
Income taxes 58,867 (104,720)
Net earnings (losses) 238,063 (361,472)
Net earnings (losses) attributable to noncontrolling interest 8,022 (254)
Net earnings (losses) attributable to Alleghany stockholders 230,041 (361,218)
Net earnings (losses) 238,063 (361,472)
Other comprehensive income (loss):    
Change in unrealized gains, net of deferred taxes (217,935) (276,629)
Change in unrealized currency translation adjustment, net of deferred taxes 2,461 (13,733)
Retirement plans (965) 517
Comprehensive income (loss) 9,851 (662,165)
Comprehensive income (loss) attributable to noncontrolling interests 8,022 (254)
Comprehensive income (loss) attributable to Alleghany stockholders $ 1,829 $ (661,911)
Basic earnings (losses) per share attributable to Alleghany stockholders $ 16.44 $ (25.19)
Diluted earnings (losses) per share attributable to Alleghany stockholders $ 16.37 $ (25.37)
Accumulated Net Unrealized Investment Gain Loss    
Other comprehensive income (loss):    
Less: reclassification for net realized capital gains and change in allowance for credit losses on available for sale securities, net of taxes $ (11,773) $ (10,848)