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Consolidated Statements of Earnings and Comprehensive Income - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Revenues    
Net premiums earned $ 1,444,420 $ 1,297,309
Net investment income 111,982 123,049
Change in the fair value of equity securities (522,976) 392,353
Net realized capital gains 13,026 4,442
Credit losses for available for sale securities (31,375)  
Credit losses for available for sale securities   (10,020)
Noninsurance revenue 467,849 514,123
Total revenues 1,482,926 2,321,256
Costs and Expenses    
Net loss and loss adjustment expenses 1,027,444 792,498
Commissions, brokerage and other underwriting expenses 441,396 420,126
Other operating expenses 466,661 502,418
Corporate administration (14,307) 19,369
Amortization of intangible assets 9,568 6,900
Interest expense 18,356 23,531
Total costs and expenses 1,949,118 1,764,842
(Losses) earnings before income taxes (466,192) 556,414
Income taxes (104,720) 108,512
Net (losses) earnings (361,472) 447,902
Net (losses) earnings attributable to noncontrolling interest (254) 7,675
Net (losses) earnings attributable to Alleghany stockholders (361,218) 440,227
Net (losses) earnings (361,472) 447,902
Other comprehensive income (loss):    
Change in unrealized gains, net of deferred taxes (276,629) 183,387
Less: reclassification for net realized capital gains and credit losses for available for sale securities, net of taxes (10,848) 4,407
Change in unrealized currency translation adjustment, net of deferred taxes (13,733) (885)
Retirement plans 517 937
Comprehensive (loss) income (662,165) 635,748
Comprehensive (loss) income attributable to noncontrolling interests (254) 7,675
Comprehensive (loss) income attributable to Alleghany stockholders $ (661,911) $ 628,073
Basic (losses) earnings per share attributable to Alleghany stockholders $ (25.19) $ 30.40
Diluted (losses) earnings per share attributable to Alleghany stockholders $ (25.37) $ 30.39