Consolidated Balance Sheets - USD ($) $ in Thousands		Dec. 31, 2021		Dec. 31, 2020
Investments:
Equity securities		$ 3,683,820		$ 2,718,902
Debt securities, fair value		16,061,560		15,618,470
Short-term investments		1,142,258		714,208
Marketable Securities, Total		20,887,638		19,051,580
Commercial mortgage loans		475,860		670,239
Other invested assets		557,800		465,153
Total investments		21,921,298		20,186,972
Cash		927,966		791,442
Accrued investment income		87,610		88,760
Premium balances receivable		1,458,679		1,145,341
Reinsurance recoverables		2,195,975		1,781,096
Ceded unearned premiums		463,412		311,898
Deferred acquisition costs		586,753		595,117
Property and equipment at cost, net of accumulated depreciation and amortization		304,452		267,872
Goodwill	[1]	753,607		614,163
Intangible assets, net of amortization	[1]	924,406		787,462
Current taxes receivable		0		3,189
Funds held under reinsurance agreements		634,182		794,453
Other assets		2,010,335		1,559,245
Total assets		32,268,675		28,927,010
Liabilities, Redeemable Noncontrolling Interests and Stockholders’ Equity
Loss and loss adjustment expenses		14,357,635	[2]	12,970,626
Unearned premiums		3,179,513		2,984,060
Senior Notes and other debt		2,847,199		2,135,946
Reinsurance payable		322,902		208,384
Current taxes payable		34,297		0
Net deferred tax liabilities		56,958		43,547
Other liabilities		1,965,943		1,594,918
Total liabilities		22,764,447		19,937,481
Redeemable noncontrolling interests		317,346		233,809
Common stock		17,460		17,460
Contributed capital		3,608,905		3,613,454
Accumulated other comprehensive income		141,822		452,402
Treasury stock		(1,934,531)		(1,645,930)
Retained earnings		7,353,226		6,318,334
Total stockholders’ equity attributable to Alleghany stockholders		9,186,882		8,755,720
Total liabilities, redeemable noncontrolling interests and stockholders’ equity		$ 32,268,675		$ 28,927,010

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

[2] Includes unallocated LAE, which aggregate to 1.0 percent of gross loss and LAE reserves as of December 31, 2021. Net loss and LAE reserves by component are shown in the preceding tables, and consolidated gross loss and LAE reserves is presented in the consolidated balance sheets.