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Consolidated Statements of Earnings and Comprehensive Income - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Revenues      
Net premiums earned $ 7,097,653 $ 6,000,161 $ 5,478,143
Net investment income 540,445 490,856 550,241
Change in the fair value of equity securities 506,769 (110,459) 709,695
Net realized capital gains 67,493 3,098 (6,551)
Change in allowance for credit losses on available for sale securities 2,077 (8,029)  
Change in allowance for credit losses on available for sale securities     (19,660)
Product and service revenues 3,789,668 2,521,092 2,328,848
Total revenues 12,004,105 8,896,719 9,040,716
Costs and Expenses      
Net loss and loss adjustment expenses 4,834,935 4,339,046 3,686,435
Commissions, brokerage and other underwriting expenses [1] 2,067,501 1,789,820 1,758,698
Other operating expenses 3,479,528 2,429,262 2,263,326
Corporate administration 57,218 48,581 74,830
Amortization of intangible assets 49,912 44,241 33,834
Interest expense 102,308 88,152 99,957
Total costs and expenses 10,591,402 8,739,102 7,917,080
Earnings (losses) before income taxes 1,412,703 157,617 1,123,636
Income taxes 281,925 30,734 233,435
Net earnings 1,130,778 126,883 890,201
Net earnings attributable to noncontrolling interest 95,886 25,129 32,400
Net earnings attributable to Alleghany stockholders 1,034,892 101,754 857,801
Net earnings 1,130,778 126,883 890,201
Other comprehensive income (loss):      
Change in unrealized gains (losses), net of deferred taxes (253,301) 277,040 402,957
Change in unrealized currency translation adjustment, net of deferred taxes (4,305) 22,366 2,933
Retirement plans (463) 14,754 (12,153)
Comprehensive income 820,198 407,935 1,263,554
Comprehensive income attributable to noncontrolling interests 95,886 25,129 32,400
Comprehensive income attributable to Alleghany stockholders $ 724,312 $ 382,806 $ 1,231,154
Basic earnings per share attributable to Alleghany stockholders $ 74.70 $ 7.14 $ 59.44
Diluted earnings per share attributable to Alleghany stockholders $ 74.66 $ 7.04 $ 59.39
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 $ (52,511) $ (33,108) $ (20,384)
[1] Includes amortization associated with deferred acquisition costs of $1,693.1 million, $1,457.0 million and $1,392.8 million for the years ended December 31, 2021, 2020 and 2019, respectively.