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Results for Reportable Segments and Corporate Activities (Detail) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Segment Reporting Information [Line Items]    
Gross premiums written $ 2,147,000 $ 2,050,400
Net premiums written 1,792,800 1,754,800
Net premiums earned 1,605,458 1,604,763
Net loss and LAE 941,787 1,112,070
Commissions, brokerage and other underwriting expenses 477,165 476,036
Underwriting (loss) profit [1] 186,500 16,700
Net investment income 113,476 153,484
Change in the fair value of equity securities (138,777) 112,728
Net realized capital gains (10,003) 12,931
Change in allowance for credit losses on available for sale securities (582) 1,972
Product and service revenues 1,149,162 767,835
Other operating expenses 1,028,892 723,889
Corporate administration 10,723 9,558
Amortization of intangible assets 14,082 11,478
Interest expense 32,110 23,752
Earnings before income taxes 213,975 296,930
Operating Segments    
Segment Reporting Information [Line Items]    
Gross premiums written 2,158,000 2,061,300
Net premiums written 1,792,800 1,754,800
Net premiums earned 1,605,500 1,604,800
Net loss and LAE 941,800 1,112,100
Commissions, brokerage and other underwriting expenses 477,200 476,000
Underwriting (loss) profit [1] 186,500 16,700
Net investment income 108,500 123,100
Change in the fair value of equity securities (154,100) 85,300
Net realized capital gains (10,000) 11,400
Change in allowance for credit losses on available for sale securities (600) 1,900
Product and service revenues 1,129,400 767,700
Other operating expenses 1,026,900 723,600
Corporate administration (0) (500)
Amortization of intangible assets 14,100 11,500
Interest expense 12,400 10,600
Earnings before income taxes 206,300 260,900
Operating Segments | Reinsurance Segment    
Segment Reporting Information [Line Items]    
Gross premiums written 1,528,400 1,538,200
Net premiums written 1,358,000 1,394,900
Net premiums earned 1,162,900 1,229,900
Net loss and LAE 723,000 848,900
Commissions, brokerage and other underwriting expenses 368,300 376,000
Underwriting (loss) profit [1] 71,600 5,000
Operating Segments | Reinsurance Segment | Property    
Segment Reporting Information [Line Items]    
Gross premiums written 454,400 565,300
Net premiums written 346,600 459,000
Net premiums earned 291,500 371,300
Net loss and LAE 162,100 323,500
Commissions, brokerage and other underwriting expenses 86,700 109,200
Underwriting (loss) profit [1] 42,700 (61,400)
Operating Segments | Reinsurance Segment | Casualty & Specialty    
Segment Reporting Information [Line Items]    
Gross premiums written [2] 1,074,000 972,900
Net premiums written [2] 1,011,400 935,900
Net premiums earned [2] 871,400 858,600
Net loss and LAE [2] 560,900 525,400
Commissions, brokerage and other underwriting expenses [2] 281,600 266,800
Underwriting (loss) profit [1],[2] 28,900 66,400
Operating Segments | Insurance Segment    
Segment Reporting Information [Line Items]    
Gross premiums written 629,600 523,100
Net premiums written 434,800 359,900
Net premiums earned 442,600 374,900
Net loss and LAE 218,800 263,200
Commissions, brokerage and other underwriting expenses 108,900 100,000
Underwriting (loss) profit [1] 114,900 11,700
Operating Segments | Insurance Segment | RSUI    
Segment Reporting Information [Line Items]    
Gross premiums written 517,400 420,900
Net premiums written 342,100 272,500
Net premiums earned 346,400 283,600
Net loss and LAE 159,400 208,200
Commissions, brokerage and other underwriting expenses 72,200 64,100
Underwriting (loss) profit [1] 114,800 11,300
Operating Segments | Insurance Segment | CapSpecialty Incorporated    
Segment Reporting Information [Line Items]    
Gross premiums written 112,200 102,200
Net premiums written 92,700 87,400
Net premiums earned 96,200 91,300
Net loss and LAE 59,400 55,000
Commissions, brokerage and other underwriting expenses 36,700 35,900
Underwriting (loss) profit [1] 100 400
Operating Segments | Reinsurance Segment and Insurance Segment    
Segment Reporting Information [Line Items]    
Gross premiums written 2,158,000 2,061,300
Net premiums written 1,792,800 1,754,800
Net premiums earned 1,605,500 1,604,800
Net loss and LAE 941,800 1,112,100
Commissions, brokerage and other underwriting expenses 477,200 476,000
Underwriting (loss) profit [1] 186,500 16,700
Net investment income 108,500 123,100
Change in the fair value of equity securities (154,100) 85,300
Net realized capital gains (16,100) 10,500
Change in allowance for credit losses on available for sale securities (600) 1,900
Product and service revenues 8,000 8,600
Other operating expenses 13,600 14,400
Corporate administration (0) (500)
Amortization of intangible assets 400 200
Interest expense 6,700 6,800
Earnings before income taxes 111,500 225,200
Operating Segments | Alleghany Capital Corporation Segment    
Segment Reporting Information [Line Items]    
Gross premiums written 0 0
Net premiums written 0 0
Net premiums earned 0 0
Net loss and LAE 0 0
Commissions, brokerage and other underwriting expenses 0 0
Underwriting (loss) profit [1] 0 0
Net investment income 0 0
Change in the fair value of equity securities 0 0
Net realized capital gains 6,100 900
Change in allowance for credit losses on available for sale securities 0 0
Product and service revenues 1,121,400 759,100
Other operating expenses 1,013,300 709,200
Corporate administration 0 0
Amortization of intangible assets 13,700 11,300
Interest expense 5,700 3,800
Earnings before income taxes 94,800 35,700
Corporate activities    
Segment Reporting Information [Line Items]    
Gross premiums written (11,000) (10,900)
Net premiums written 0 0
Net premiums earned 0 0
Net loss and LAE 0 0
Commissions, brokerage and other underwriting expenses 0 0
Underwriting (loss) profit [1] 0 0
Net investment income 5,000 30,400
Change in the fair value of equity securities 15,200 27,400
Net realized capital gains 0 1,500
Change in allowance for credit losses on available for sale securities 0 100
Product and service revenues 19,800 100
Other operating expenses 1,900 300
Corporate administration 10,700 10,100
Amortization of intangible assets 0 0
Interest expense 19,700 13,100
Earnings before income taxes $ 7,700 $ 36,000
[1] Underwriting profit represents net premiums earned less net loss and LAE and commissions, brokerage and other underwriting expenses, all as determined in accordance with GAAP, and does not include net investment income, change in the fair value of equity securities, net realized capital gains, change in allowance for credit losses on available for sale securities, product and service revenues, other operating expenses, corporate administration, amortization of intangible assets or interest expense. Underwriting profit does not replace earnings before income taxes determined in accordance with GAAP as a measure of profitability. Rather, Alleghany believes that underwriting profit enhances the understanding of its reinsurance and insurance segments’ operating results by highlighting net earnings attributable to their underwriting performance. Earnings before income taxes (a GAAP measure) may show a profit despite an underlying underwriting loss. Where underwriting losses persist over extended periods, a reinsurance or an insurance company’s ability to continue as an ongoing concern may be at risk. Therefore, Alleghany views underwriting profit as an important measure in the overall evaluation of performance.
[2] Primarily consists of the following reinsurance lines of business: directors’ and officers’ liability; errors and omissions liability; general liability; medical malpractice; ocean marine and aviation; auto liability; accident and health; mortgage reinsurance; surety; and credit.