XML 70 R42.htm IDEA: XBRL DOCUMENT v3.20.1
Summary of Rating of Debt securities (Detail) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2020
Dec. 31, 2019
Financing Receivable Allowance For Credit Losses [Line Items]    
Debt securities $ 13,337,754 [1] $ 14,211,745
Percentage of debt securities, before allowance for credit losses 100.00%  
AAA / Aaa    
Financing Receivable Allowance For Credit Losses [Line Items]    
Debt securities $ 2,111,700  
Percentage of debt securities, before allowance for credit losses 15.80%  
AA / Aa    
Financing Receivable Allowance For Credit Losses [Line Items]    
Debt securities $ 5,387,200  
Percentage of debt securities, before allowance for credit losses 40.40%  
A    
Financing Receivable Allowance For Credit Losses [Line Items]    
Debt securities $ 3,394,700  
Percentage of debt securities, before allowance for credit losses 25.50%  
BBB / Baa    
Financing Receivable Allowance For Credit Losses [Line Items]    
Debt securities $ 1,972,700  
Percentage of debt securities, before allowance for credit losses 14.80%  
Below BBB / Baa or Not Rated    
Financing Receivable Allowance For Credit Losses [Line Items]    
Debt securities [2] $ 471,500  
Percentage of debt securities, before allowance for credit losses [2] 3.50%  
U.S. Government obligations    
Financing Receivable Allowance For Credit Losses [Line Items]    
Debt securities $ 846,300 1,215,000
U.S. Government obligations | AA / Aa    
Financing Receivable Allowance For Credit Losses [Line Items]    
Debt securities 846,300  
Municipal bonds    
Financing Receivable Allowance For Credit Losses [Line Items]    
Debt securities 2,272,600 2,307,900
Municipal bonds | AAA / Aaa    
Financing Receivable Allowance For Credit Losses [Line Items]    
Debt securities 184,200  
Municipal bonds | AA / Aa    
Financing Receivable Allowance For Credit Losses [Line Items]    
Debt securities 1,526,500  
Municipal bonds | A    
Financing Receivable Allowance For Credit Losses [Line Items]    
Debt securities 489,400  
Municipal bonds | BBB / Baa    
Financing Receivable Allowance For Credit Losses [Line Items]    
Debt securities 71,600  
Municipal bonds | Below BBB / Baa or Not Rated    
Financing Receivable Allowance For Credit Losses [Line Items]    
Debt securities [2] 900  
Foreign government obligations    
Financing Receivable Allowance For Credit Losses [Line Items]    
Debt securities 696,000 690,700
Foreign government obligations | AAA / Aaa    
Financing Receivable Allowance For Credit Losses [Line Items]    
Debt securities 445,400  
Foreign government obligations | AA / Aa    
Financing Receivable Allowance For Credit Losses [Line Items]    
Debt securities 153,800  
Foreign government obligations | A    
Financing Receivable Allowance For Credit Losses [Line Items]    
Debt securities 95,800  
Foreign government obligations | BBB / Baa    
Financing Receivable Allowance For Credit Losses [Line Items]    
Debt securities 1,000  
U.S. corporate bonds    
Financing Receivable Allowance For Credit Losses [Line Items]    
Debt securities 3,394,700 3,359,000
U.S. corporate bonds | AAA / Aaa    
Financing Receivable Allowance For Credit Losses [Line Items]    
Debt securities 9,000  
U.S. corporate bonds | AA / Aa    
Financing Receivable Allowance For Credit Losses [Line Items]    
Debt securities 158,000  
U.S. corporate bonds | A    
Financing Receivable Allowance For Credit Losses [Line Items]    
Debt securities 1,586,400  
U.S. corporate bonds | BBB / Baa    
Financing Receivable Allowance For Credit Losses [Line Items]    
Debt securities 1,298,200  
U.S. corporate bonds | Below BBB / Baa or Not Rated    
Financing Receivable Allowance For Credit Losses [Line Items]    
Debt securities [2] 343,100  
Foreign corporate bonds    
Financing Receivable Allowance For Credit Losses [Line Items]    
Debt securities 1,290,600 1,377,400
Foreign corporate bonds | AAA / Aaa    
Financing Receivable Allowance For Credit Losses [Line Items]    
Debt securities 225,200  
Foreign corporate bonds | AA / Aa    
Financing Receivable Allowance For Credit Losses [Line Items]    
Debt securities 95,900  
Foreign corporate bonds | A    
Financing Receivable Allowance For Credit Losses [Line Items]    
Debt securities 607,400  
Foreign corporate bonds | BBB / Baa    
Financing Receivable Allowance For Credit Losses [Line Items]    
Debt securities 325,900  
Foreign corporate bonds | Below BBB / Baa or Not Rated    
Financing Receivable Allowance For Credit Losses [Line Items]    
Debt securities [2] 36,200  
RMBS    
Financing Receivable Allowance For Credit Losses [Line Items]    
Debt securities [3] 1,699,900 1,840,400
RMBS | AAA / Aaa    
Financing Receivable Allowance For Credit Losses [Line Items]    
Debt securities 2,500  
RMBS | AA / Aa    
Financing Receivable Allowance For Credit Losses [Line Items]    
Debt securities 1,692,300  
RMBS | BBB / Baa    
Financing Receivable Allowance For Credit Losses [Line Items]    
Debt securities 1,000  
RMBS | Below BBB / Baa or Not Rated    
Financing Receivable Allowance For Credit Losses [Line Items]    
Debt securities [2] 4,100  
CMBS    
Financing Receivable Allowance For Credit Losses [Line Items]    
Debt securities 842,600 871,700
CMBS | AAA / Aaa    
Financing Receivable Allowance For Credit Losses [Line Items]    
Debt securities 283,600  
CMBS | AA / Aa    
Financing Receivable Allowance For Credit Losses [Line Items]    
Debt securities 400,800  
CMBS | A    
Financing Receivable Allowance For Credit Losses [Line Items]    
Debt securities 157,800  
CMBS | BBB / Baa    
Financing Receivable Allowance For Credit Losses [Line Items]    
Debt securities 400  
Other asset-backed securities    
Financing Receivable Allowance For Credit Losses [Line Items]    
Debt securities [4] 2,295,100 $ 2,549,600
Other asset-backed securities | AAA / Aaa    
Financing Receivable Allowance For Credit Losses [Line Items]    
Debt securities 961,800  
Other asset-backed securities | AA / Aa    
Financing Receivable Allowance For Credit Losses [Line Items]    
Debt securities 513,600  
Other asset-backed securities | A    
Financing Receivable Allowance For Credit Losses [Line Items]    
Debt securities 457,900  
Other asset-backed securities | BBB / Baa    
Financing Receivable Allowance For Credit Losses [Line Items]    
Debt securities 274,600  
Other asset-backed securities | Below BBB / Baa or Not Rated    
Financing Receivable Allowance For Credit Losses [Line Items]    
Debt securities [2] $ 87,200  
[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.
[2] Consists of $109.3 million of securities rated BB / Ba, $187.5 million of securities rated B, $26.2 million of securities rated CCC, $0.4 million of securities rated CC, $2.1 million of securities rated below CC and $146.0 million of not rated securities.
[3] Primarily includes government agency pass-through securities guaranteed by a government agency or government sponsored enterprise, among other types of RMBS.
[4] Includes $732.3 million and $834.2 million of collateralized loan obligations as of March 31, 2020 and December 31, 2019, respectively.