Exhibit 99.1

ALLEGHANY CORPORATION

1411 Broadway, 34th Floor

New York, NY 10018

ALLEGHANY CORPORATION REPORTS 2017 THIRD QUARTER RESULTS

NEW YORK, NY, November 2, 2017 – Alleghany Corporation (NYSE-Y) announced today its financial results for the three and nine months ended September 30, 2017. Highlights are listed below.

 

    Book value per common share1 was $532.40 as of September 30, 2017, an increase of 3.3% from book value per common share1 as of December 31, 2016.

 

    Book value per common share1 decreased 2.7% from book value per common share1 as of June 30, 2017.

 

    Alleghany reported after-tax net catastrophe losses, including reinstatement premiums earned of $491 million for the third quarter of 2017 (of which $461.4 million was from Hurricanes Harvey, Irma and Maria), compared with net after-tax catastrophe losses of approximately $21 million for the third quarter of 2016.

 

    Alleghany reported a net loss2 of $314.2 million in the 2017 third quarter, compared with net earnings of $155.8 million in the 2016 third quarter.

 

    Alleghany reported net losses2 of $63.2 million for the first nine months of 2017, compared with $387.4 million of net earnings for the first nine months of 2016.

 

    Alleghany reported $20.90 of losses per diluted share and $22.03 of operating losses per diluted share in the 2017 third quarter, compared with $10.09 of earnings per diluted share and $9.44 of operating earnings per diluted share in the 2016 third quarter.

 

    Alleghany reported $4.10 of losses per diluted share and $7.84 of operating losses per diluted share for the first nine months of 2017, compared with $25.08 of earnings per diluted share and $21.75 of operating earnings per diluted share for the first nine months of 2016.

 

    The consolidated (re)insurance combined ratio was 152.4% in the third quarter of 2017, compared with 91.0% in the third quarter of 2016.

 

    On September 13, 2017, Alleghany Corporation announced that its wholly-owned subsidiary, Alleghany Insurance Holdings LLC, signed a definitive agreement to sell Pacific Compensation Insurance Company to CopperPoint Mutual Insurance Company for approximately $150 million of total cash consideration. The transaction, which is subject to customary closing conditions and regulatory review and approvals, is expected to close at the end of the year.

Weston Hicks, President and chief executive officer of Alleghany, stated, “Our results reflect large catastrophe losses in the third quarter of 2017, primarily arising from three hurricanes. We are pleased that our rigorous risk management protocols stood up to the test, and our (re)insurance subsidiaries are well-positioned to continue to serve their customers and markets. We continue to have a strong balance sheet and excellent liquidity. Despite these losses, Alleghany has been able to grow its book value per share by 3.3% in the first nine months of 2017.

  

 

1  Stockholders’ equity attributable to Alleghany stockholders divided by common stock outstanding.
2  Net (losses) earnings attributable to Alleghany stockholders.

 

1


The following information was filed by Alleghany Corp De (Y) on Thursday, November 2, 2017 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.

View differences made from one quarter to another to evaluate Alleghany Corp De's financial trajectory

Compare SEC Filings Year-over-Year (YoY) and Quarter-over-Quarter (QoQ)
Sample 10-K Year-over-Year (YoY) Comparison

Compare this 10-Q Quarterly Report to its predecessor by reading our highlights to see what text and tables were  removed  ,   added    and   changed   by Alleghany Corp De.

Continue

Never Miss A New SEC Filing Again


Real-Time SEC Filing Notifications
Screenshot taken from Gmail for a new 10-K Annual Report
Last10K.com Member Feature

Receive an e-mail as soon as a company files an Annual Report, Quarterly Report or has new 8-K corporate news.

Continue

We Highlighted This SEC Filing For You


SEC Filing Sentiment Analysis - Bullish, Bearish, Neutral
Screenshot taken from Wynn's 2018 10-K Annual Report
Last10K.com Member Feature

Read positive and negative remarks made by management in their entirety without having to find them in a 10-K/Q.

Continue

Widen Your SEC Filing Reading Experience


Increased Reading Area for SEC Filings
Screenshot taken from Adobe Inc.'s 10-Q Quarterly Report
Last10K.com Member Feature

Remove data columns and navigations in order to see much more filing content and tables in one view

Continue

Uncover Actionable Information Inside SEC Filings


SEC Filing Disclosures
Screenshot taken from Lumber Liquidators 10-K Annual Report
Last10K.com Member Feature

Read both hidden opportunities and early signs of potential problems without having to find them in a 10-K/Q

Continue

Adobe PDF, Microsoft Word and Excel Downloads


Download Annual and Quarterly Reports as PDF, Word and Excel Documents
Screenshots of actual 10-K and 10-Q SEC Filings in PDF, Word and Excel formats
Last10K.com Member Feature

Export Annual and Quarterly Reports to Adobe PDF, Microsoft Word and Excel for offline viewing, annotations and analysis

Continue

FREE Financial Statements


Download Annual and Quarterly Reports as PDF, Word and Excel Documents
Screenshot of actual balance sheet from company 10-K Annual Report
Last10K.com Member Feature

Get one-click access to balance sheets, income, operations and cash flow statements without having to find them in Annual and Quarterly Reports

Continue for FREE

Intrinsic Value Calculator


Intrinsic Value Calculator
Screenshot of intrinsic value for AT&T (2019)
Last10K.com Member Feature

Our Intrinsic Value calculator estimates what an entire company is worth using up to 10 years of financial ratios to determine if a stock is overvalued or not

Continue

Financial Stability Report


Financial Stability Report
Screenshot of financial stability report for Coco-Cola (2019)
Last10K.com Member Feature

Our Financial Stability reports uses up to 10 years of financial ratios to determine the health of a company's EPS, Dividends, Book Value, Return on Equity, Current Ratio and Debt-to-Equity

Continue

Get a Better Picture of a Company's Performance


Financial Ratios
Available Financial Ratios
Last10K.com Member Feature

See how over 70 Growth, Profitability and Financial Ratios perform over 10 Years

Continue

Log in with your credentials

or    

Forgot your details?

Create Account