Consolidated Balance Sheets - USD ($) $ in Thousands	Mar. 31, 2020		Dec. 31, 2019
Investments:
Equity securities	$ 1,710,193		$ 2,505,496
Debt securities	13,337,754	[1]	14,211,745
Short-term investments	536,105		914,776
Marketable Securities, Total	15,584,052		17,632,017
Commercial mortgage loans	682,655		686,206
Other invested assets	541,512		573,605
Total investments	16,808,219		18,891,828
Cash	1,555,185		1,179,098
Accrued investment income	94,301		96,516
Premium balances receivable	1,091,980		948,010
Reinsurance recoverables	1,628,649		1,681,962
Ceded unearned premiums	266,173		248,153
Deferred acquisition costs	541,040		522,577
Property and equipment at cost, net of accumulated depreciation and amortization	208,300		205,397
Goodwill	530,228		523,021
Intangible assets, net of amortization	688,233		685,953
Current taxes receivable	30,791		4,081
Net deferred tax assets	189,814		5,860
Funds held under reinsurance agreements	779,272		755,515
Other assets	1,340,756		1,183,633
Total assets	25,752,941		26,931,604
Liabilities, Redeemable Noncontrolling Interests and Stockholders’ Equity
Loss and loss adjustment expenses	12,066,438		11,928,359
Unearned premiums	2,668,409		2,566,170
Senior notes and other debt	1,514,381		1,751,113
Reinsurance payable	184,779		188,399
Other liabilities	1,253,511		1,516,076
Total liabilities	17,687,518		17,950,117
Redeemable noncontrolling interests	208,361		204,753
Common stock	17,460		17,460
Contributed capital	3,610,137		3,608,638
Accumulated other comprehensive income (loss)	(129,343)		171,350
Treasury stock	(1,496,554)		(1,455,877)
Retained earnings	5,855,362		6,435,163
Total stockholders’ equity attributable to Alleghany stockholders	7,857,062		8,776,734
Total liabilities, redeemable noncontrolling interests and stockholders’ equity	$ 25,752,941		$ 26,931,604

[1] Includes allowance for credit losses as of March 31, 2020.  See Note 3(f) of this Form 10-Q for further information on Alleghany’s allowance for credit losses for AFS securities.