Credit Agreement	6 Months Ended
Jun. 30, 2022
Credit Agreement [Abstract]
Credit Agreement	12. Credit Agreement On July 31, 2017, Alleghany entered into a five-year credit agreement (the “Credit Agreement”), with certain lenders party thereto, which provides for an unsecured revolving credit facility in an aggregate principal amount of up to $300.0 million. See Note 7 to Notes to Consolidated Financial Statements set forth in Part II, Item 8, “Financial Statements and Supplementary Data” of the 2021 Form 10-K for additional information on our Credit Agreement. On June 22, 2022, Alleghany entered into an amendment and one- year extension of the Credit Agreement, and the credit facility is now scheduled to expire on July 31, 2023, unless earlier terminated. The amendment also amends the Credit Agreement, among other things, to change the benchmark rate from the London Interbank Offered Rate, commonly referred to as LIBOR, to the secured overnight financing rate as administered by the Federal Reserve Bank of New York, commonly referred to as SOFR. All other material terms and condition of the Credit Agreement remain in full force and effect. Borrowings under the Credit Agreement will be available for working capital and general corporate purposes. The Credit Agreement contains representations, warranties and covenants customary for bank loan facilities of this nature. There were no borrowings under the Credit Agreement as of June 30, 2022.

Credit Agreement

6 Months Ended

Jun. 30, 2022

12. Credit Agreement

On July 31, 2017, Alleghany entered into a five-year credit agreement (the “Credit Agreement”), with certain lenders party thereto, which provides for an unsecured revolving credit facility in an aggregate principal amount of up to $300.0 million. See Note 7 to Notes to Consolidated Financial Statements set forth in Part II, Item 8, “Financial Statements and Supplementary Data” of the 2021 Form 10-K for additional information on our Credit Agreement. On June 22, 2022, Alleghany entered into an amendment and one-

year extension of the Credit Agreement, and the credit facility is now scheduled to expire on July 31, 2023, unless earlier terminated. The amendment also amends the Credit Agreement, among other things, to change the benchmark rate from the London Interbank Offered Rate, commonly referred to as LIBOR, to the secured overnight financing rate as administered by the Federal Reserve Bank of New York, commonly referred to as SOFR. All other material terms and condition of the Credit Agreement remain in full force and effect. Borrowings under the Credit Agreement will be available for working capital and general corporate purposes. The Credit Agreement contains representations, warranties and covenants customary for bank loan facilities of this nature.

There were no borrowings under the Credit Agreement as of June 30, 2022.