2019 Q1 Form 10-Q Financial Statement

#000119312519139814 Filed on May 07, 2019

View on sec.gov

Income Statement

Concept 2019 Q1 2018 Q1

Balance Sheet

Concept 2019 Q1 2018 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $17.85B
YoY Change
Cash & Equivalents $778.1M
Short-Term Investments $17.08B $17.22B
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets
YoY Change
LONG-TERM ASSETS
Property, Plant & Equipment $199.0M $198.7M
YoY Change 0.17% 78.34%
Goodwill $456.0M $345.3M
YoY Change 32.05% 21.17%
Intangibles $549.4M $467.5M
YoY Change 17.54% 24.69%
Long-Term Investments $18.32B $18.49B
YoY Change -0.94% 1.05%
Other Assets $10.00M $124.0M
YoY Change -91.94% -53.21%
Total Long-Term Assets
YoY Change
TOTAL ASSETS
Total Short-Term Assets
Total Long-Term Assets
Total Assets $25.79B $25.10B
YoY Change 2.77% 4.84%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable
YoY Change
Accrued Expenses $244.0M
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $244.0M
YoY Change
LONG-TERM LIABILITIES
Long-Term Debt $1.676B $1.541B
YoY Change 8.76% 4.76%
Other Long-Term Liabilities $1.062B $919.0M
YoY Change 15.56% 2.91%
Total Long-Term Liabilities $2.738B $2.460B
YoY Change 11.3% 4.06%
TOTAL LIABILITIES
Total Short-Term Liabilities $244.0M
Total Long-Term Liabilities $2.738B $2.460B
Total Liabilities $17.38B $16.59B
YoY Change 4.79% 5.77%
SHAREHOLDERS EQUITY
Retained Earnings $6.018B $5.709B
YoY Change 5.4% 10.58%
Common Stock $3.626B $3.631B
YoY Change -0.14% 0.05%
Preferred Stock
YoY Change
Treasury Stock (at cost) $843.5M
YoY Change 4.17%
Treasury Stock Shares 2.098M shares
Shareholders Equity $8.236B $8.373B
YoY Change
Total Liabilities & Shareholders Equity $25.79B $25.10B
YoY Change 2.77% 4.84%

Cashflow Statement

Concept 2019 Q1 2018 Q1

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
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98900000
CY2018Q4 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
170800000
CY2019Q1 us-gaap Available For Sale Securities Debt Maturities Without Single Maturity Date Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesWithoutSingleMaturityDateAmortizedCost
4662000000
CY2019Q1 us-gaap Available For Sale Securities Debt Maturities Without Single Maturity Date Fair Value
AvailableForSaleSecuritiesDebtMaturitiesWithoutSingleMaturityDateFairValue
4675700000
CY2019Q1 us-gaap Available For Sale Securities Debt Maturities Next Rolling Twelve Months Amortized Cost Basis
AvailableForSaleSecuritiesDebtMaturitiesNextRollingTwelveMonthsAmortizedCostBasis
492700000
CY2019Q1 us-gaap Available For Sale Securities Debt Maturities Next Rolling Twelve Months Fair Value
AvailableForSaleSecuritiesDebtMaturitiesNextRollingTwelveMonthsFairValue
493200000
CY2019Q1 us-gaap Available For Sale Securities Debt Maturities Rolling Year Two Through Five Amortized Cost Basis
AvailableForSaleSecuritiesDebtMaturitiesRollingYearTwoThroughFiveAmortizedCostBasis
3141400000
CY2019Q1 us-gaap Available For Sale Securities Debt Maturities Rolling Year Two Through Five Fair Value
AvailableForSaleSecuritiesDebtMaturitiesRollingYearTwoThroughFiveFairValue
3169600000
CY2019Q1 us-gaap Available For Sale Securities Debt Maturities Rolling Year Six Through Ten Amortized Cost Basis
AvailableForSaleSecuritiesDebtMaturitiesRollingYearSixThroughTenAmortizedCostBasis
2710400000
CY2019Q1 us-gaap Available For Sale Securities Debt Maturities Rolling Year Six Through Ten Fair Value
AvailableForSaleSecuritiesDebtMaturitiesRollingYearSixThroughTenFairValue
2756900000
CY2019Q1 us-gaap Available For Sale Securities Debt Maturities Rolling After Year Ten Amortized Cost Basis
AvailableForSaleSecuritiesDebtMaturitiesRollingAfterYearTenAmortizedCostBasis
2107000000
CY2019Q1 us-gaap Treasury Stock Acquired Average Cost Per Share
TreasuryStockAcquiredAverageCostPerShare
621.19
CY2019Q1 us-gaap Available For Sale Securities Debt Maturities Rolling After Year Ten Fair Value
AvailableForSaleSecuritiesDebtMaturitiesRollingAfterYearTenFairValue
2184300000
CY2019Q1 us-gaap Investment Income Dividend
InvestmentIncomeDividend
9800000
CY2018Q1 us-gaap Investment Income Dividend
InvestmentIncomeDividend
16400000
CY2019Q1 us-gaap Investment Income Investment Expense
InvestmentIncomeInvestmentExpense
7500000
CY2018Q1 us-gaap Investment Income Investment Expense
InvestmentIncomeInvestmentExpense
12000000
CY2019Q1 y Other Investment Income Loss
OtherInvestmentIncomeLoss
300000
CY2018Q1 y Other Investment Income Loss
OtherInvestmentIncomeLoss
4000000
CY2019Q1 y Percentage Of Securities Below Credit Rating
PercentageOfSecuritiesBelowCreditRating
0.036
CY2018Q4 y Percentage Of Securities Below Credit Rating
PercentageOfSecuritiesBelowCreditRating
0.044
CY2017Q4 us-gaap Liability For Claims And Claims Adjustment Expense
LiabilityForClaimsAndClaimsAdjustmentExpense
11871300000
CY2018Q4 us-gaap Reinsurance Recoverable For Unpaid Claims And Claims Adjustments
ReinsuranceRecoverableForUnpaidClaimsAndClaimsAdjustments
1857400000
CY2017Q4 us-gaap Reinsurance Recoverable For Unpaid Claims And Claims Adjustments
ReinsuranceRecoverableForUnpaidClaimsAndClaimsAdjustments
1650100000
CY2018Q4 us-gaap Liability For Unpaid Claims And Claims Adjustment Expense Net
LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseNet
10392900000
CY2017Q4 us-gaap Liability For Unpaid Claims And Claims Adjustment Expense Net
LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseNet
10221200000
CY2019Q1 us-gaap Supplemental Information For Property Casualty Insurance Underwriters Current Year Claims And Claims Adjustment Expense
SupplementalInformationForPropertyCasualtyInsuranceUnderwritersCurrentYearClaimsAndClaimsAdjustmentExpense
829900000
CY2018Q1 us-gaap Supplemental Information For Property Casualty Insurance Underwriters Current Year Claims And Claims Adjustment Expense
SupplementalInformationForPropertyCasualtyInsuranceUnderwritersCurrentYearClaimsAndClaimsAdjustmentExpense
756300000
CY2019Q1 us-gaap Liability For Unpaid Claims And Claims Adjustment Expense Foreign Currency Translation Gain Loss
LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseForeignCurrencyTranslationGainLoss
17200000
CY2018Q1 us-gaap Liability For Unpaid Claims And Claims Adjustment Expense Foreign Currency Translation Gain Loss
LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseForeignCurrencyTranslationGainLoss
49900000
CY2019Q1 us-gaap Liability For Unpaid Claims And Claims Adjustment Expense Net
LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseNet
10212300000
CY2018Q1 us-gaap Liability For Unpaid Claims And Claims Adjustment Expense Net
LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseNet
10150400000
CY2019Q1 us-gaap Reinsurance Recoverable For Unpaid Claims And Claims Adjustments
ReinsuranceRecoverableForUnpaidClaimsAndClaimsAdjustments
1642800000
CY2018Q1 us-gaap Reinsurance Recoverable For Unpaid Claims And Claims Adjustments
ReinsuranceRecoverableForUnpaidClaimsAndClaimsAdjustments
1563900000
CY2018Q1 us-gaap Liability For Claims And Claims Adjustment Expense
LiabilityForClaimsAndClaimsAdjustmentExpense
11714300000
CY2019Q1 us-gaap Liability For Unpaid Claims And Claims Adjustment Expense Claims Paid Current Year1
LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseClaimsPaidCurrentYear1
75300000
CY2018Q1 us-gaap Liability For Unpaid Claims And Claims Adjustment Expense Claims Paid Current Year1
LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseClaimsPaidCurrentYear1
100500000
CY2019Q1 us-gaap Liability For Unpaid Claims And Claims Adjustment Expense Claims Paid Prior Years1
LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseClaimsPaidPriorYears1
914800000
CY2018Q1 us-gaap Liability For Unpaid Claims And Claims Adjustment Expense Claims Paid Prior Years1
LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseClaimsPaidPriorYears1
690800000
CY2019Q1 us-gaap Payments For Losses And Loss Adjustment Expense
PaymentsForLossesAndLossAdjustmentExpense
990100000
CY2018Q1 us-gaap Payments For Losses And Loss Adjustment Expense
PaymentsForLossesAndLossAdjustmentExpense
791300000
CY2019Q1 us-gaap Supplemental Information For Property Casualty Insurance Underwriters Prior Year Claims And Claims Adjustment Expense
SupplementalInformationForPropertyCasualtyInsuranceUnderwritersPriorYearClaimsAndClaimsAdjustmentExpense
-37400000
CY2018Q1 us-gaap Supplemental Information For Property Casualty Insurance Underwriters Prior Year Claims And Claims Adjustment Expense
SupplementalInformationForPropertyCasualtyInsuranceUnderwritersPriorYearClaimsAndClaimsAdjustmentExpense
-85700000
CY2019Q1 us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
129567
CY2018Q1 us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
35072
CY2018Q1 us-gaap Treasury Stock Acquired Average Cost Per Share
TreasuryStockAcquiredAverageCostPerShare
606.40
CY2019Q1 us-gaap Dilutive Securities
DilutiveSecurities
0
CY2018Q1 us-gaap Dilutive Securities
DilutiveSecurities
-1300000
CY2019Q1 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
440200000
CY2018Q1 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
170300000
CY2019Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
14481255
CY2018Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
15389283
CY2019Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
14485236
CY2018Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
15418664
CY2018Q1 us-gaap Premiums Written Gross
PremiumsWrittenGross
1458700000
CY2018Q1 us-gaap Premiums Written Net
PremiumsWrittenNet
1253300000
CY2019Q1 us-gaap Premiums Written Gross
PremiumsWrittenGross
1606600000
CY2019Q1 us-gaap Premiums Written Net
PremiumsWrittenNet
1385700000
CY2019Q1 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
3981
CY2018Q1 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
29381
CY2019Q1 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued
0
CY2019Q1 us-gaap Available For Sale Securities In Unrealized Loss Positions Qualitative Disclosure Nature
AvailableForSaleSecuritiesInUnrealizedLossPositionsQualitativeDisclosureNature
Debt securities in an unrealized loss position are evaluated for OTTI if they meet any of the following criteria: (i) they are trading at a discount of at least 20 percent to amortized cost for an extended period of time (nine consecutive months or more); (ii) there has been a negative credit or news event with respect to the issuer that could indicate the existence of an OTTI; or (iii) Alleghany intends to sell, or it is more likely than not that Alleghany will sell, the debt security before recovery of its amortized cost basis.If Alleghany intends to sell, or it is more likely than not that Alleghany will sell, a debt security before recovery of its amortized cost basis, the total amount of the unrealized loss position is recognized as an OTTI loss in earnings. To the extent that a debt security that is in an unrealized loss position is not impaired based on the preceding, Alleghany will consider a debt security to be impaired when it believes it to be probable that Alleghany will not be able to collect the entire amortized cost basis. For debt securities in an unrealized loss position as of the end of each quarter, Alleghany develops a best estimate of the present value of expected cash flows. If the results of the cash flow analysis indicate that Alleghany will not recover the full amount of its amortized cost basis in the debt security, Alleghany records an OTTI loss in earnings equal to the difference between the present value of expected cash flows and the amortized cost basis of the debt security. If applicable, the difference between the total unrealized loss position on the debt security and the OTTI loss recognized in earnings is the non-credit related portion, which is recorded as a component of other comprehensive income.In developing the cash flow analyses for debt securities, Alleghany considers various factors for the different categories of debt securities. For municipal bonds, Alleghany takes into account the taxing power of the issuer, source of revenue, credit risk and enhancements and pre-refunding. For mortgage and asset-backed securities, Alleghany discounts its best estimate of future cash flows at an effective rate equal to the original effective yield of the security or, in the case of floating rate securities, at the current coupon. Alleghany’s models include assumptions about prepayment speeds, default and delinquency rates, underlying collateral (if any), credit ratings, credit enhancements and other observable market data. For corporate bonds, Alleghany reviews business prospects, credit ratings and available information from asset managers and rating agencies for individual securities.
CY2019Q1 us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
12100000
CY2019Q1 us-gaap Lessee Operating Lease Liability Payments Due Next Rolling Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextRollingTwelveMonths
37900000
CY2019Q1 us-gaap Lessee Operating Lease Liability Payments Due In Rolling Year Two
LesseeOperatingLeaseLiabilityPaymentsDueInRollingYearTwo
34100000
CY2019Q1 us-gaap Lessee Operating Lease Liability Payments Due In Rolling Year Three
LesseeOperatingLeaseLiabilityPaymentsDueInRollingYearThree
30700000
CY2019Q1 us-gaap Lessee Operating Lease Liability Payments Due In Rolling Year Four
LesseeOperatingLeaseLiabilityPaymentsDueInRollingYearFour
25600000
CY2019Q1 us-gaap Lessee Operating Lease Liability Payments Due In Rolling Year Five
LesseeOperatingLeaseLiabilityPaymentsDueInRollingYearFive
24900000
CY2019Q1 us-gaap Lessee Operating Lease Liability Payments Due After Rolling Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterRollingYearFive
160500000
CY2019Q1 us-gaap Loans And Leases Receivable Allowance
LoansAndLeasesReceivableAllowance
0
CY2019Q1 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
3
CY2019Q1 us-gaap Increase Decrease In Equity Securities Fv Ni
IncreaseDecreaseInEquitySecuritiesFvNi
392353000
CY2018Q1 us-gaap Payments To Acquire Trading Securities Heldforinvestment
PaymentsToAcquireTradingSecuritiesHeldforinvestment
451519000
CY2018Q1 us-gaap Proceeds From Sale And Maturity Of Trading Securities Heldforinvestment
ProceedsFromSaleAndMaturityOfTradingSecuritiesHeldforinvestment
172819000
CY2019Q1 us-gaap Payments Of Dividends
PaymentsOfDividends
CY2019Q1 us-gaap Payments To Acquire Trading Securities Heldforinvestment
PaymentsToAcquireTradingSecuritiesHeldforinvestment
69729000
CY2019Q1 us-gaap Proceeds From Sale And Maturity Of Trading Securities Heldforinvestment
ProceedsFromSaleAndMaturityOfTradingSecuritiesHeldforinvestment
1510222000
CY2019Q1 y Available For Sale Securities Short Term Investment Amortized Cost
AvailableForSaleSecuritiesShortTermInvestmentAmortizedCost
1272400000
CY2019Q1 y Investment Income
InvestmentIncome
119200000
CY2018Q1 y Investment Income
InvestmentIncome
102000000
CY2019Q1 us-gaap Equity Securities Fv Ni Realized Gain Loss
EquitySecuritiesFvNiRealizedGainLoss
62100000
CY2019Q1 us-gaap Equity Securities Fv Ni Unrealized Gain Loss
EquitySecuritiesFvNiUnrealizedGainLoss
330300000
CY2018Q1 us-gaap Equity Securities Fv Ni Realized Gain Loss
EquitySecuritiesFvNiRealizedGainLoss
11600000
CY2018Q1 us-gaap Equity Securities Fv Ni Unrealized Gain Loss
EquitySecuritiesFvNiUnrealizedGainLoss
-54200000
CY2019Q1 y Proceeds From Sale Of Debt And Equity Securities
ProceedsFromSaleOfDebtAndEquitySecurities
2500000000
CY2018Q1 y Proceeds From Sale Of Debt And Equity Securities
ProceedsFromSaleOfDebtAndEquitySecurities
1200000000
CY2019Q1 y Gross Realized Gains During Period Excluding Change In The Fair Value Of Equity Securities And Other Than Temporary Impairments
GrossRealizedGainsDuringPeriodExcludingChangeInTheFairValueOfEquitySecuritiesAndOtherThanTemporaryImpairments
12100000
CY2018Q1 y Gross Realized Gains During Period Excluding Change In The Fair Value Of Equity Securities And Other Than Temporary Impairments
GrossRealizedGainsDuringPeriodExcludingChangeInTheFairValueOfEquitySecuritiesAndOtherThanTemporaryImpairments
60300000
CY2019Q1 y Gross Realized Losses During Period Excluding Change In Fair Value Of Equity Securities And Other Than Temporary Impairments
GrossRealizedLossesDuringPeriodExcludingChangeInFairValueOfEquitySecuritiesAndOtherThanTemporaryImpairments
7700000
CY2018Q1 y Gross Realized Losses During Period Excluding Change In Fair Value Of Equity Securities And Other Than Temporary Impairments
GrossRealizedLossesDuringPeriodExcludingChangeInFairValueOfEquitySecuritiesAndOtherThanTemporaryImpairments
15800000
CY2019Q1 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12Months
1579300000
CY2019Q1 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months Accumulated Loss
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss
22600000
CY2019Q1 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLonger
2420900000
CY2019Q1 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer Accumulated Loss
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLongerAccumulatedLoss
40900000
CY2019Q1 us-gaap Debt Securities Available For Sale Unrealized Loss Position
DebtSecuritiesAvailableForSaleUnrealizedLossPosition
4000200000
CY2019Q1 us-gaap Debt Securities Available For Sale Unrealized Loss Position Accumulated Loss
DebtSecuritiesAvailableForSaleUnrealizedLossPositionAccumulatedLoss
63500000
CY2018Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12Months
4180600000
CY2018Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months Accumulated Loss
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss
97000000
CY2018Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLonger
2265500000
CY2018Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer Accumulated Loss
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLongerAccumulatedLoss
73800000
CY2018Q4 us-gaap Debt Securities Available For Sale Unrealized Loss Position
DebtSecuritiesAvailableForSaleUnrealizedLossPosition
6446100000
CY2018Q4 us-gaap Debt Securities Available For Sale Unrealized Loss Position Accumulated Loss
DebtSecuritiesAvailableForSaleUnrealizedLossPositionAccumulatedLoss
170800000
CY2018Q1 us-gaap Payments Of Dividends
PaymentsOfDividends
154000000
CY2019Q1 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
39325
CY2018Q1 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
23777
CY2019Q1 us-gaap Investments And Cash
InvestmentsAndCash
19093300000
CY2018Q1 y Underwriting Income Loss Before Tax
UnderwritingIncomeLossBeforeTax
130900000
CY2019Q1 y Underwriting Income Loss Before Tax
UnderwritingIncomeLossBeforeTax
84700000
CY2019Q1 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
628073000
CY2018Q1 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
30374000
CY2018Q1 us-gaap Increase Decrease In Equity Securities Fv Ni
IncreaseDecreaseInEquitySecuritiesFvNi
-42649000
CY2018Q1 us-gaap Payments Of Dividends
PaymentsOfDividends
153967000
CY2019Q1 us-gaap Schedule Of Liability For Unpaid Claims And Claims Adjustment Expense
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<div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin: 6pt 0px 0px 0in; text-indent: 1in;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">The following table presents the activity in the liability for loss and LAE in the three months ended March&#160;31, 2019 and 2018: </div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 12pt; margin-bottom: 0px; margin-top: 0px; margin-right: 0px; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 12pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none; margin: 0in auto 0in 0px; width: 92%; border-spacing: 0px;;text-align:left;"><tr><td style="padding: 0px; vertical-align: bottom;;width:;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; margin-right: 0px; line-height: normal; background: none; text-align: center; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="padding: 0in; vertical-align: bottom;;width:;"><div style="font-size: 8pt; font-family: &quot;times new roman&quot;, times, serif; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td colspan="6" style="padding: 0in; vertical-align: bottom; white-space: nowrap;;width:;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; text-align: center; margin-right: 0px; line-height: normal; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px; white-space: nowrap;;display:inline;">Three Months Ended</div><br/><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px; white-space: nowrap;;display:inline;">March 31,</div></div></td><td style="padding: 0in; vertical-align: bottom; white-space: nowrap;"><div style="font-size: 8pt; font-family: &quot;times new roman&quot;, times, serif; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr><tr><td style="padding: 0px 0px 0.375pt; vertical-align: bottom;;width:;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; margin-right: 0px; line-height: normal; background: none; text-align: center; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="padding: 0in 0in 0.375pt; vertical-align: bottom;;width:;"><div style="font-size: 8pt; font-family: &quot;times new roman&quot;, times, serif; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td colspan="2" style="padding-top: 0in; padding-right: 0in; padding-left: 0in; vertical-align: bottom; white-space: nowrap; border-bottom: 0.75pt solid black;;width:;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; text-align: center; margin-right: 0px; line-height: normal; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px; white-space: nowrap;;display:inline;">2019</div></div></td><td style="padding-top: 0in; padding-right: 0in; padding-left: 0in; vertical-align: bottom; white-space: nowrap; border-bottom: 0.75pt solid black;"><div style="font-size: 8pt; font-family: &quot;times new roman&quot;, times, serif; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="padding-top: 0in; padding-right: 0in; padding-left: 0in; vertical-align: bottom; white-space: nowrap; border-bottom: 0.75pt solid black;;width:;"><div style="font-size: 8pt; font-family: &quot;times new roman&quot;, times, serif; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td colspan="2" style="padding-top: 0in; padding-right: 0in; padding-left: 0in; vertical-align: bottom; white-space: nowrap; border-bottom: 0.75pt solid black;;width:;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; text-align: center; margin-right: 0px; line-height: normal; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px; white-space: nowrap;;display:inline;">2018</div></div></td><td style="padding: 0in 0in 0.375pt; vertical-align: bottom; white-space: nowrap;"><div style="font-size: 8pt; font-family: &quot;times new roman&quot;, times, serif; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr><tr><td style="padding: 0px; vertical-align: bottom;;width:;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; margin-right: 0px; line-height: normal; background: none; text-align: center; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="padding: 0in; vertical-align: bottom;;width:;"><div style="font-size: 8pt; font-family: &quot;times new roman&quot;, times, serif; margin-bottom: 0px; margin-top: 0px; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td colspan="6" style="padding: 0in; 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padding: 0in; vertical-align: bottom; white-space: nowrap; width: 4%; text-align: right; border-bottom: 2.5pt double black;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; text-align: right; margin-right: 0in; line-height: normal; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px; white-space: nowrap;;display:inline;">11,714.3</div></div></td><td style="background: rgb(204, 238, 255); padding: 0in 0in 1.5pt; vertical-align: bottom; white-space: nowrap; width: 1%; text-align: left;">&#160;</td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 12pt; margin-bottom: 0px; margin-top: 0px; margin-right: 0px; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 12pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="margin-top: 3pt; margin-bottom: 3pt; margin-left: 0in;"><div style="border-top: 1pt solid rgb(0, 0, 0); width: 10%; font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt; line-height: 2pt;">&#160;</div></div><div><table style="width: 100%; border-spacing: 0px;"><tr style="font-size: 8pt;"><td style="width: 1in; padding: 0in; font-size: 8pt;;vertical-align:top;"><div style="margin-bottom: 0.0001pt; font-family: calibri, sans-serif; font-size: 8pt; margin-right: 0px; line-height: normal;"><div style="font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-family: &quot;times new roman&quot;, serif; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">(1)</div></div></div></td><td style="padding: 0in; font-size: 8pt;;vertical-align:top;"><div style="margin-bottom: 0.0001pt; font-family: calibri, sans-serif; font-size: 8pt; margin-right: 0px; line-height: normal;"><div style="font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-family: &quot;times new roman&quot;, serif; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">Reinsurance recoverables in this table include only ceded loss and LAE reserves.</div></div></div></td></tr><tr style="font-size: 8pt;"><td style="width: 1in; padding: 0in; font-size: 8pt;;vertical-align:top;"><div style="margin-bottom: 0.0001pt; font-family: calibri, sans-serif; font-size: 8pt; margin-right: 0px; line-height: normal;"><div style="font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-family: &quot;times new roman&quot;, serif; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">(2)</div></div></div></td><td style="padding: 0in; font-size: 8pt;;vertical-align:top;"><div style="margin-bottom: 0.0001pt; font-family: calibri, sans-serif; font-size: 8pt; margin-right: 0px; line-height: normal;"><div style="font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-family: &quot;times new roman&quot;, serif; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">Includes paid losses, net of reinsurance, related to commutations.</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; 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0.210
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EquitySecuritiesFvNiCost
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CY2019Q1 us-gaap Available For Sale Debt Securities Amortized Cost Basis
AvailableForSaleDebtSecuritiesAmortizedCostBasis
13113522000
CY2018Q4 us-gaap Available For Sale Debt Securities Amortized Cost Basis
AvailableForSaleDebtSecuritiesAmortizedCostBasis
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OperatingLeaseLiability
243900000
CY2019Q1 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
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CY2019Q1 y Prepaid Lease Assets Net Of Lease Allowance And Incentives
PrepaidLeaseAssetsNetOfLeaseAllowanceAndIncentives
27600000
CY2019Q1 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P12Y
CY2019Q1 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.05
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CommonStockParOrStatedValuePerShare
1.00
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EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
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CY2018Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
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PremiumsEarnedNet
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CY2018Q1 us-gaap Premiums Earned Net
PremiumsEarnedNet
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NetInvestmentIncome
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CY2018Q1 us-gaap Net Investment Income
NetInvestmentIncome
124126000
CY2019Q1 us-gaap Equity Securities Fv Ni Gain Loss
EquitySecuritiesFvNiGainLoss
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CY2018Q1 us-gaap Equity Securities Fv Ni Gain Loss
EquitySecuritiesFvNiGainLoss
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CY2019Q1 y Net Realized Gains Losses During Period Excluding Change In Fair Value Of Equity Securities And Other Than Temporary Impairments
NetRealizedGainsLossesDuringPeriodExcludingChangeInFairValueOfEquitySecuritiesAndOtherThanTemporaryImpairments
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CY2018Q1 y Net Realized Gains Losses During Period Excluding Change In Fair Value Of Equity Securities And Other Than Temporary Impairments
NetRealizedGainsLossesDuringPeriodExcludingChangeInFairValueOfEquitySecuritiesAndOtherThanTemporaryImpairments
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CY2019Q1 us-gaap Other Than Temporary Impairment Loss Debt Securities Available For Sale Recognized In Earnings
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10020000
CY2018Q1 us-gaap Other Than Temporary Impairment Loss Debt Securities Available For Sale Recognized In Earnings
OtherThanTemporaryImpairmentLossDebtSecuritiesAvailableForSaleRecognizedInEarnings
511000
CY2019Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
514123000
CY2018Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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251627000
CY2019Q1 us-gaap Revenues
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2321256000
CY2018Q1 us-gaap Revenues
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1584954000
CY2019Q1 us-gaap Incurred Claims Property Casualty And Liability
IncurredClaimsPropertyCasualtyAndLiability
792498000
CY2018Q1 us-gaap Incurred Claims Property Casualty And Liability
IncurredClaimsPropertyCasualtyAndLiability
670578000
CY2019Q1 y Commissions Brokerage And Other Underwriting Expenses
CommissionsBrokerageAndOtherUnderwritingExpenses
420126000
CY2018Q1 y Commissions Brokerage And Other Underwriting Expenses
CommissionsBrokerageAndOtherUnderwritingExpenses
406295000
CY2019Q1 us-gaap Other Cost And Expense Operating
OtherCostAndExpenseOperating
502418000
CY2018Q1 us-gaap Other Cost And Expense Operating
OtherCostAndExpenseOperating
264897000
CY2019Q1 y General And Administrative Expense Accrual Adjustment
GeneralAndAdministrativeExpenseAccrualAdjustment
19369000
CY2018Q1 y General And Administrative Expense Accrual Adjustment
GeneralAndAdministrativeExpenseAccrualAdjustment
7785000
CY2019Q1 y Amortization Of Intangible Assets And Liabilities
AmortizationOfIntangibleAssetsAndLiabilities
6900000
CY2018Q1 y Amortization Of Intangible Assets And Liabilities
AmortizationOfIntangibleAssetsAndLiabilities
5264000
CY2019Q1 us-gaap Interest Expense
InterestExpense
23531000
CY2018Q1 us-gaap Interest Expense
InterestExpense
21531000
CY2019Q1 us-gaap Benefits Losses And Expenses
BenefitsLossesAndExpenses
1764842000
CY2018Q1 us-gaap Benefits Losses And Expenses
BenefitsLossesAndExpenses
1376350000
CY2019Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
556414000
CY2018Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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208604000
CY2019Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
108512000
CY2018Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
37422000
CY2019Q1 us-gaap Profit Loss
ProfitLoss
447902000
CY2018Q1 us-gaap Profit Loss
ProfitLoss
171182000
CY2019Q1 us-gaap Net Income Loss Attributable To Redeemable Noncontrolling Interest
NetIncomeLossAttributableToRedeemableNoncontrollingInterest
7675000
CY2018Q1 us-gaap Net Income Loss Attributable To Redeemable Noncontrolling Interest
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-393000
CY2019Q1 us-gaap Net Income Loss
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440227000
CY2018Q1 us-gaap Net Income Loss
NetIncomeLoss
171575000
CY2019Q1 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
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183387000
CY2018Q1 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
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-146358000
CY2019Q1 us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
-4407000
CY2018Q1 us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
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-1379000
CY2019Q1 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-885000
CY2018Q1 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
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5100000
CY2019Q1 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
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635748000
CY2018Q1 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
29981000
CY2019Q1 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
7675000
CY2018Q1 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
-393000
CY2019Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
30.40
CY2018Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
11.15
CY2019Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
30.39
CY2018Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
11.04
CY2019Q1 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax
48749000
CY2019Q1 us-gaap Reclassification From Aoci Current Period Tax
ReclassificationFromAociCurrentPeriodTax
-1171000
CY2018Q1 us-gaap Reclassification From Aoci Current Period Tax
ReclassificationFromAociCurrentPeriodTax
-366000
CY2018Q1 us-gaap Other Comprehensive Income Loss Foreign Currency Translation Adjustment Tax
OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax
1356000
CY2018Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
17459961
CY2018Q4 us-gaap Treasury Stock Common Shares
TreasuryStockCommonShares
2883452
CY2019Q1 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
17459961
CY2019Q1 us-gaap Treasury Stock Common Shares
TreasuryStockCommonShares
3012224
CY2017Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
17459961
CY2017Q4 us-gaap Treasury Stock Common Shares
TreasuryStockCommonShares
2069461
CY2019Q1 dei Document Type
DocumentType
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CY2018Q1 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
17459961
CY2018Q1 us-gaap Treasury Stock Common Shares
TreasuryStockCommonShares
2097820
CY2019Q1 y Other Changes In Loss Reserves Net Of Reinsurance Recoverables
OtherChangesInLossReservesNetOfReinsuranceRecoverables
-200000
CY2018Q4 us-gaap Equity Securities Fv Ni
EquitySecuritiesFvNi
3572790000
CY2019Q1 us-gaap Profit Loss
ProfitLoss
447902000
CY2018Q1 us-gaap Profit Loss
ProfitLoss
171182000
CY2018Q1 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax
-38905000
CY2019Q1 us-gaap Other Comprehensive Income Loss Foreign Currency Translation Adjustment Tax
OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax
-235000
CY2019Q1 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.195
CY2018Q1 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.179
CY2019Q1 dei Amendment Flag
AmendmentFlag
false
CY2019Q1 dei Document Period End Date
DocumentPeriodEndDate
2019-03-31
CY2019Q1 dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2019
CY2019Q1 dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q1
CY2019Q1 dei Entity Registrant Name
EntityRegistrantName
ALLEGHANY CORP /DE
CY2019Q1 dei Entity Central Index Key
EntityCentralIndexKey
0000775368
CY2019Q1 dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
CY2019Q1 dei Entity Filer Category
EntityFilerCategory
Large Accelerated Filer
CY2019Q1 dei Trading Symbol
TradingSymbol
Y
CY2019Q1 dei Entity Emerging Growth Company
EntityEmergingGrowthCompany
false
CY2019Q1 dei Entity Small Business
EntitySmallBusiness
false

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