Alleghany corp /de (Y)
Income statement / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11Dec'10Sep'10Jun'10Mar'10Sep'09Jun'09
Revenues
Net premiums earned

1,444,400

1,434,792

1,390,000

1,356,008

1,297,300

1,306,039

1,225,346

1,236,959

1,207,856

1,262,162

1,239,721

1,243,929

1,209,188

1,239,181

1,253,515

1,261,516

1,221,565

1,089,321

1,049,071

1,074,723

1,017,171

1,121,491

1,136,215

1,098,944

1,053,997

1,055,980

1,039,908

1,068,315

1,075,013

1,110,091

1,092,775

1,095,932

434,207

192,572

190,209

183,878

180,980

193,993

190,632

188,809

194,700

217,619

204,530

Net investment income

112,000

136,655

147,800

142,745

123,000

122,801

127,300

126,273

124,126

129,143

104,663

101,656

115,538

106,129

120,603

106,860

104,863

104,189

118,159

103,087

113,382

116,915

118,284

114,094

110,583

131,163

115,287

100,403

118,811

78,430

90,514

90,860

53,194

26,736

22,050

28,545

31,579

31,465

29,424

32,694

31,429

15,978

24,524

Change in the fair value of equity securities

-523,000

190,340

-16,700

143,660

392,400

-741,796

370,200

185,245

-42,649

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net realized capital gains

13,000

-27,262

3,957

12,354

4,400

-70,367

16,200

6,462

44,505

5,360

32,921

9,268

59,651

-53,921

27,221

54,012

35,893

55,384

29,202

86,160

43,151

49,330

59,368

41,524

96,836

136,478

17,762

26,977

50,902

38,050

12,388

39,452

67,989

63,253

22,706

6,490

34,692

10,351

27,248

33,308

26,467

64,020

79,492

Credit losses for available for sale securities

31,400

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other than temporary impairment losses

-

6,080

3,600

20

10,000

786

3

0

511

3,805

6,131

3,747

3,217

6,949

11,729

5,728

20,759

21,590

52,680

7,317

52,281

29,422

720

932

5,220

2,163

664

8,908

32,312

0

0

1,129

1,778

-

2,756

-

-

3,123

2,453

5,703

1,077

9,536

9,675

Noninsurance revenue

467,849

572,294

638,500

603,906

514,100

611,348

438,300

342,725

251,627

277,887

296,309

202,812

151,292

170,982

225,006

165,371

137,388

125,076

45,285

43,785

36,200

43,721

38,769

37,586

30,446

40,951

17,178

9,432

11,141

13,863

33,843

9,276

315

300

321

248

885

242

5,312

1,501

133

249

571

Gain on bargain purchase

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

494,940

-

-

-

-

-

-

-

-

-

-

Total revenues

1,482,926

2,300,830

2,159,957

2,258,673

2,321,256

1,227,127

2,177,415

1,897,664

1,584,954

1,670,802

1,667,483

1,553,918

1,532,452

1,455,422

1,614,616

1,582,031

1,478,950

1,352,380

1,189,037

1,300,438

1,157,623

1,302,035

1,351,916

1,291,216

1,286,642

1,362,409

1,189,471

1,196,219

1,223,555

1,240,434

1,229,520

1,234,391

1,048,867

282,010

232,530

219,161

248,136

232,928

250,163

250,609

251,652

288,330

299,442

Costs and Expenses
Net loss and loss adjustment expenses

1,027,400

1,189,397

907,700

796,803

792,500

1,153,912

957,700

738,210

670,578

694,161

1,491,848

734,886

699,305

718,654

718,556

815,312

664,644

602,690

594,729

595,455

546,916

631,061

623,132

629,213

611,159

616,935

644,493

650,512

567,413

1,042,355

672,984

680,885

233,946

114,568

121,777

122,619

71,022

91,867

106,416

83,027

96,627

118,324

143,917

Commissions, brokerage and other underwriting expenses

441,400

444,784

449,500

444,316

420,100

401,222

407,700

402,083

406,295

430,785

398,163

413,737

408,515

418,539

423,042

408,937

406,733

356,123

360,203

363,954

343,609

365,175

372,291

359,604

324,236

340,401

333,547

339,016

326,227

289,693

253,756

239,193

99,860

69,226

68,239

64,132

66,528

64,004

64,202

64,773

66,356

68,404

70,272

Other operating expenses

466,700

562,126

617,300

581,474

502,400

555,860

415,378

343,165

264,897

288,874

277,918

225,170

175,138

189,699

228,408

184,955

162,164

142,691

68,453

63,812

67,405

73,473

59,622

66,236

53,342

67,855

39,044

27,222

30,738

25,790

47,432

34,826

15,652

12,103

1,757

7,834

9,407

6,942

9,928

8,082

8,851

12,827

12,185

Corporate administration

-14,300

7,133

22,300

25,967

19,400

-25,272

19,100

14,119

7,785

20,399

-4,689

14,405

16,885

9,022

10,745

13,459

9,734

13,062

10,922

9,841

12,678

15,280

9,455

12,687

9,632

10,118

3,703

9,868

12,422

8,151

9,304

11,094

47,293

26,977

2,649

5,002

6,379

8,743

8,553

6,324

5,234

8,112

7,230

Amortization of intangible assets

9,600

10,005

8,100

8,795

6,900

7,270

5,500

5,966

5,264

5,260

5,765

4,611

3,764

4,522

6,008

5,397

3,085

1,604

-1,104

-1,051

-1,660

-1,871

-1,142

-876

-1,861

-1,476

-815

825

11,630

39,905

73,356

108,098

31,939

839

838

839

839

-

-

-

-

-

-

Interest expense

18,356

25,671

25,700

25,129

23,500

24,692

22,200

22,277

21,531

20,342

20,804

20,989

20,935

20,215

20,682

20,433

20,269

22,620

22,691

23,375

23,092

23,638

22,671

21,932

21,811

21,703

21,516

21,785

21,736

21,840

21,764

15,743

9,077

4,377

4,329

4,268

4,452

3,567

696

216

219

168

169

Total costs and expenses

1,949,118

2,239,099

2,030,655

1,882,484

1,764,842

2,117,855

1,827,543

1,525,820

1,376,350

1,459,816

2,189,809

1,413,798

1,324,542

1,360,651

1,407,441

1,448,493

1,266,629

1,138,790

1,055,894

1,055,386

992,040

1,106,756

1,086,029

1,088,796

1,018,319

1,055,536

1,041,488

1,049,228

970,166

1,427,734

1,078,596

1,089,839

437,767

228,090

199,589

204,694

158,627

178,477

189,795

162,422

177,287

207,835

233,773

(Losses) earnings before income taxes

-466,200

61,711

129,300

376,189

556,400

-890,748

349,900

371,844

208,604

210,996

-522,326

140,120

207,910

94,771

207,175

133,538

212,321

213,590

133,143

245,052

165,583

195,279

265,887

202,420

268,323

306,873

147,983

146,991

253,389

-187,300

150,924

144,552

611,100

53,920

32,941

14,467

89,509

54,451

60,368

88,187

74,365

80,495

65,669

Income taxes

-104,720

25,522

28,010

71,356

108,512

-186,337

60,413

73,440

37,422

52,568

-212,379

37,461

58,550

24,867

48,328

56,278

57,668

57,060

36,045

61,905

40,163

55,362

79,547

53,186

63,682

100,895

34,610

33,282

57,095

-94,688

25,480

35,243

50,997

16,249

13,783

-615

18,169

17,021

23,736

21,916

16,196

31,007

19,668

Net (losses) earnings

-361,472

36,174

101,292

304,833

447,902

-704,391

289,459

298,404

171,182

158,420

-309,947

102,659

149,360

69,904

158,847

77,260

154,653

156,530

97,098

183,147

125,420

139,917

186,340

149,234

204,641

205,978

113,373

113,709

196,294

-

125,444

-

-

-

-

-

-

-

-

-

-

-

-

Net (losses) earnings attributable to noncontrolling interest

-254

4,491

10,860

9,374

7,675

7,661

4,559

3,288

-393

5,117

4,210

848

184

390

3,016

189

148

432

568

669

211

853

25

254

-239

-

206

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net (losses) earnings attributable to Alleghany stockholders

-361,200

31,741

90,400

295,459

440,200

-712,091

284,900

295,116

171,575

153,270

-314,157

101,811

149,176

69,514

155,831

77,071

154,505

156,098

96,530

182,478

125,209

139,064

186,315

148,980

204,880

205,251

113,167

113,709

196,294

-92,612

125,444

109,309

560,103

37,671

19,158

15,082

71,340

37,430

36,632

66,271

58,169

49,488

46,001

Net (losses) earnings

-361,472

36,174

101,292

304,833

447,902

-704,391

289,459

298,404

171,182

158,420

-309,947

102,659

149,360

69,904

158,847

77,260

154,653

156,530

97,098

183,147

125,420

139,917

186,340

149,234

204,641

205,978

113,373

113,709

196,294

-

125,444

-

-

-

-

-

-

-

-

-

-

-

-

Other comprehensive income (loss):
Change in unrealized gains, net of deferred taxes

-276,629

-39,247

86,215

172,602

183,387

725

-33,601

-33,305

-146,358

156,352

97,994

141,701

124,929

-170,692

46,657

89,654

102,107

43,929

-150,904

-109,332

61,548

57,193

-54,330

206,098

151,104

78,474

110,839

-204,330

85,200

-27,377

172,048

26,477

37,412

127,514

-133,375

-24,428

99,262

71,177

80,598

-57,401

29,818

113,814

84,111

Less: reclassification for net realized capital gains and credit losses for available for sale securities, net of taxes

10,848

10,139

4,892

9,760

-4,407

-28,302

12,819

5,105

-1,379

-9,760

17,414

3,589

36,682

24,668

10,070

22,805

9,837

38,744

-15,261

51,248

-5,935

19,021

38,121

26,385

59,550

56,894

14,379

11,745

12,084

110,807

8,052

24,910

-43,037

74,933

-12,968

-4,218

22,550

-105,826

16,117

17,943

16,504

35,415

53,169

Change in unrealized currency translation adjustment, net of deferred taxes

-13,733

10,986

-10,343

3,175

-885

-14,949

-1,530

-10,523

5,100

4,260

7,368

9,962

5,049

-26,385

-3,041

1,632

20,571

-6,493

-386

2,888

-10,755

-20,025

-26,073

5,805

432

-16,207

6,787

-16,500

-9,966

-12,718

11,014

-14,880

3,213

-

-

-

-

-

-

-

-

-

-

Retirement plans

-517

13,516

-322

-104

-937

-4,735

551

-209

1,322

3,556

-98

-98

395

564

-95

-95

-262

-1,246

-129

-137

522

10,593

6

7

-133

3,997

-1,415

37

154

-1,319

25

14

760

3,436

50

50

-129

-7,435

49

50

49

44

45

Comprehensive (loss) income

-662,165

-15,742

172,594

470,954

635,748

-685,578

240,958

249,680

29,981

325,236

-221,901

250,831

242,261

-152,405

192,488

145,836

267,756

156,468

-38,802

25,592

181,626

147,471

67,810

334,745

296,760

207,354

218,035

-118,903

259,290

-

300,429

-

-

-

-

-

-

-

-

-

-

-

-

Comprehensive (loss) income attributable to noncontrolling interests

-254

4,491

10,860

9,374

7,675

7,661

4,559

3,288

-393

5,117

4,210

848

184

390

3,016

189

148

432

568

669

211

853

25

254

-239

-

206

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Comprehensive (loss) income attributable to Alleghany stockholders

-661,911

-20,233

161,734

461,580

628,073

-693,239

236,399

246,392

30,374

320,119

-226,111

249,983

242,077

-152,795

189,472

145,647

267,608

156,036

-39,370

24,923

181,415

146,618

67,785

334,491

296,999

206,627

217,829

-118,903

259,290

-156,121

300,429

95,982

556,931

121,446

-127,235

-13,614

147,923

111,048

101,162

-9,023

71,532

127,931

76,988

Net earnings

-361,200

31,741

90,400

295,459

440,200

-712,091

284,900

295,116

171,575

153,270

-314,157

101,811

149,176

-

155,831

77,071

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

36,632

66,271

58,169

49,488

46,001

Preferred dividends

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,250

Net earnings available to common stockholders

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

49,488

43,751

Basic (losses) earnings per share attributable to Alleghany stockholders

-25.19

2.31

6.27

20.46

30.40

-47.04

19.07

19.44

11.15

9.95

-20.38

6.60

9.68

4.52

10.09

4.99

10.00

9.84

6.07

11.41

7.82

8.66

11.40

9.06

12.28

12.24

6.75

6.78

11.67

-19.56

7.41

6.46

51.17

4.41

2.17

1.69

7.99

4.21

4.07

7.26

6.31

5.39

5.01

Diluted (losses) earnings per share attributable to Alleghany stockholders

-25.37

2.27

6.27

20.46

30.39

-46.93

19.07

19.44

11.04

10.48

-20.90

6.60

9.67

4.55

10.09

4.99

9.96

9.84

6.07

11.40

7.82

8.66

11.40

9.06

12.28

12.24

6.75

6.78

11.67

-19.44

7.41

6.45

51.06

4.52

2.03

1.68

7.97

4.29

4.07

7.24

6.25

5.39

4.90