Alleghany Corp Stock Research

Y Stock Price

Y RSI Chart

Y Valuation

Market Cap

11.4B

Price/Earnings (Trailing)

32.11

Price/Sales (Trailing)

0.97

EV/EBITDA

13.62

Price/Free Cashflow

5.5

Y Price/Sales (Trailing)

Y Profitability

EBT Margin

9.43%

Return on Equity

4.49%

Return on Assets

1.15%

Free Cashflow Yield

18.17%

Y Fundamentals

Y Revenue

Revenue (TTM)

6.8B

Revenue Y/Y

-11.33%

Revenue Q/Q

-4.48%

Y Earnings

Earnings (TTM)

355.3M

Earnings Y/Y

-142.52%

Earnings Q/Q

-236.55%

Price Action

Last 7 days

0.7%

Last 30 days

0.6%

Last 90 days

1.5%

Trailing 12 Months

30.0%

Y Financial Health

Debt/Equity

0.3

Debt/Cashflow

0.89

Y Investor Care

Diluted EPS (TTM)

25.38

Peers (Alternatives to Alleghany)

View All Peers In Detail

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
PGR	83.5B	49.6B	-3.33%	25.86%	115.74	1.68	4.00%	-78.47%
TRV	40.0B	36.9B	-11.25%	-6.12%	14.06	1.08	5.94%	-22.39%
AIG	38.3B	56.4B	-22.60%	-17.13%	3.73	0.68	8.41%	9.46%
ALL	29.5B	51.4B	-18.97%	-12.44%	-20.82	0.57	1.63%	-195.35%
RE	24.8B	12.1B	-11.42%	23.49%	41.48	2.05	1.63%	-56.71%
HIG	23.3B	22.4B	-16.76%	-3.54%	11.93	1.05	-0.13%	-23.26%
Y	11.4B	6.8B	0.57%	29.95%	32.11	0.97	-36.57%	-61.35%
AFG	10.2B	7.0B	-13.98%	-9.38%	11.39	1.45	7.45%	-54.99%
MID-CAP
RNR	8.6B	6.3B	-14.12%	28.23%	-8.11	1.36	21.94%	-2542.77%
ESGR	4.0B	-	-8.96%	-17.12%	-4.13	4.2	-80.45%	-283.49%
SMALL-CAP
HMN	1.4B	1.4B	-7.46%	-16.42%	-543.45	1.02	3.97%	-101.82%
PLMR	1.4B	327.1M	6.70%	-11.03%	26.51	4.23	39.88%	13.79%
PRA	1.0B	1.1B	-7.52%	-28.26%	-2.5K	0.91	-1.58%	-100.28%
JRVR	812.7M	813.7M	-5.54%	1.51%	26.24	1	5.28%	117.92%

Financials for Alleghany

* denotes actual numbers (not divided by Millions)
Income Statement (Last 12 Months)					(In Millions)
Description	(%) Q/Q	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2
Revenue	-4.6%	6,831	7,163	7,098	11,113	10,769
EBITDA	-42.0%	940	1,620	1,693	-	-
EBITDA Margin	2.5%	0.14*	0.13*	0.14*	-	-
Earnings Before Taxes	-51.6%	644	1,330	1,413	933	1,213
EBT Margin	-14.4%	0.09*	0.11*	0.12*	-	-
Interest Expenses	4.1%	115	111	102	98.00	95.00
Net Income	-61.8%	355	931	1,035	678	919
Net Income Margin	-32.5%	0.05*	0.08*	0.09*	-	-
Free Cahsflow	7.5%	2,073	1,929	1,860	-	-

* denotes actual numbers (not divided by Millions)
Balance Sheet					(In Millions)
Description	(%) Q/Q	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2
Assets	-2.8%	31,008	31,894	32,269	31,869	30,492
Cash Equivalents	-5.2%	942	993	928	996	871
Net PPE	5.3%	320	304	304	299	303
Goodwill	-2.9%	733	755	754	102	628
Liabilities	-1.0%	22,706	22,933	22,764	22,747	21,109
Long Term Debt	-17.1%	2,340	2,823	2,847	2,552	2,064
Shareholder's Equity	-8.0%	7,907	8,595	9,187	8,860	9,142
Retained Earnings	-2.3%	7,307	7,479	7,353	6,837	6,952
Additional Paid-In Capital	-0.5%	3,576	3,593	3,609	3,611	3,613
Float	-	8,962	-	-	-	-

* denotes actual numbers (not divided by Millions)
Cashflow (Last 12 Months)					(In Millions)
Description	(%) Q/Q	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2
Cashflow From Operations	7.5%	2,073	1,929	1,860	1,827	1,667
Cashflow From Investing	22.6%	-1,868	-2,414	-2,009	-2,187	-2,156
Cashflow From Financing	-132.6%	-97.05	298	305	124	-309
Dividend Payments	NaN%	0.00	0.00	-	-	-
Buy Backs	-11.1%	287	323	291	271	250

Risks for Y

What is the probability of a big loss on Y?

21.5%

Probability that Alleghany stock will be more than 20% underwater in next one year

19.2%

Probability that Alleghany stock will be more than 30% underwater in next one year.

18.5%

Probability that Alleghany stock will be more than 40% underwater in next one year.

*Calculated based on probability distribution of losses observed in actual data in the last 5 years.

How does Y drawdown profile look like?

Y-axis is the maximum loss one would have experienced if Alleghany was unfortunately bought at previous high price.

Drawdowns

Returns for Y

Cumulative Returns on Y

9.6%

10-Year Cumulative Returns

8.6%

7-Year Cumulative Returns

9.5%

5-Year Cumulative Returns

3.5%

3-Year Cumulative Returns

What are the long-term rolling returns for Y?

FIve years rolling returns for Alleghany.

Annualized Returns

Which funds bought or sold Y recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
2023-03-10	VICTORY CAPITAL MANAGEMENT INC	sold off	-100	-503,753,000	-	-%
2023-03-06	Rockefeller Capital Management L.P.	sold off	-100	-51,000	-	-%
2023-02-28	Voya Investment Management LLC	sold off	-100	-2,179,000	-	-%
2023-02-24	SRS Capital Advisors, Inc.	sold off	-100	-95,000	-	-%
2023-02-24	NATIXIS	sold off	-100	-49,619,000	-	-%
2023-02-22	CVA Family Office, LLC	sold off	-100	-25,000	-	-%
2023-02-22	TEACHERS RETIREMENT SYSTEM OF THE STATE OF KENTUCKY	sold off	-100	-1,878,000	-	-%
2023-02-21	NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO	sold off	-100	-98,000	-	-%
2023-02-21	NORTHWESTERN MUTUAL INVESTMENT MANAGEMENT COMPANY, LLC	sold off	-100	-1,631,000	-	-%
2023-02-21	MACQUARIE GROUP LTD	sold off	-100	-425,000	-	-%

Latest Funds Activity

Are funds buying Y calls or puts?

Calls

Puts

Are funds bullish or bearish(Calls - Puts)?

Net Call Options

No. of funds that own Y

No. of Funds

Alleghany News

Schedule 13G FIlings of Alleghany

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Feb 06, 2023	victory capital management inc	0%	0	SC 13G/A
Feb 09, 2022	vanguard group inc	8.91%	1,220,253	SC 13G/A
Feb 02, 2022	victory capital management inc	5.12%	701,587	SC 13G
Feb 01, 2022	blackrock inc.	9.6%	1,309,866	SC 13G/A
May 07, 2021	blackrock inc.	10.1%	1,406,855	SC 13G/A
Feb 12, 2021	boston partners	3.34%	478,395	SC 13G/A
Feb 10, 2021	vanguard group inc	8.78%	1,240,235	SC 13G/A
Jan 29, 2021	blackrock inc.	9.2%	1,303,553	SC 13G/A
Feb 12, 2020	vanguard group inc	9.42%	1,356,870	SC 13G/A
Feb 10, 2020	boston partners	5.41%	778,306	SC 13G/A

Y Fair Value

Recent SEC filings of Alleghany

View All Filings

Date Filed	Form Type	Document
Feb 06, 2023	SC 13G/A	Major Ownership Report

Latest Insider Trading transactions for Y

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
2022-10-19	Wong Raymond	back to issuer	-	-	-300	-
2022-10-19	Wong Raymond	back to issuer	-	-	-900	-
2022-10-19	Cheesman Chris H	back to issuer	-	-	-134	-
2022-10-19	Kirby Jefferson	back to issuer	-	-	-3,853	-
2022-10-19	Shannon John F	back to issuer	-	-	-371	svp, chief investment officer
2022-10-19	Chippendale Ian H	back to issuer	-	-	-2,765	-
2022-10-19	Jacobs Kerry J	back to issuer	-	-	-1,459	evp, chief financial officer
2022-10-19	Tyler Lauren M	back to issuer	-	-	-2,218	-
2022-10-19	Wong Raymond	back to issuer	-	-	-7,119	-
2022-10-19	FOOS JOHN G	back to issuer	-	-	-3,936	-

About Alleghany

Joseph P. Brandon

www.alleghany.com

13300

Alleghany Corporation provides property and casualty reinsurance and insurance products in the United States and internationally. The company operates in three segments: Reinsurance, Insurance, and Alleghany Capital. The Reinsurance segment offers fire, allied lines, auto physical damage, and homeowners multiple peril reinsurance products; and casualty and other reinsurance products, such as medical malpractice, ocean marine and aviation, accident and health, mortgage, surety, and credit reinsurance products, as well as directors' and officers', errors and omissions, general, and auto liability reinsurance. This segment distributes its products and services through brokers, as well as directly to insurance and reinsurance companies. The Insurance segment underwrites specialty insurance coverages in the property, umbrella/excess, general, directors' and officers', and professional liability lines; surety products comprising commercial and contract surety bonds; and workers' compensation insurance products. This segment distributes its products through independent wholesale insurance brokers, and retail and general insurance agents. The Alleghany Capital segment provides precision automated machine tool solutions; manufactures custom trailers and truck bodies for the moving and storage industry, and other markets; design, engineering, procurement, construction management, and validation services for pharmaceutical and biotechnology industries; products and services for the funeral and cemetery industries, and precast concrete markets; and hotel management and development services, as well as operates as a toy and musical instrument company, and structural steel fabricator and erector. The company also owns and manages improved and unimproved commercial land, and residential lots. As of December 31, 2021, it owned approximately 77 acres of property. The company was founded in 1929 and is based in New York, New York.

Y Income Statement

2022-03-31

Consolidated Statements of Earnings and Comprehensive Income - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Revenues
Net premiums earned	$ 1,605,458	$ 1,604,763
Net investment income	113,476	153,484
Change in the fair value of equity securities	(138,777)	112,728
Net realized capital gains	(10,003)	12,931
Change in allowance for credit losses on available for sale securities	(582)	1,972
Product and service revenues	1,149,162	767,835
Total revenues	2,718,734	2,653,713
Costs and Expenses
Net loss and loss adjustment expenses	941,787	1,112,070
Commissions, brokerage and other underwriting expenses	477,165	476,036
Other operating expenses	1,028,892	723,889
Corporate administration	10,723	9,558
Amortization of intangible assets	14,082	11,478
Interest expense	32,110	23,752
Total costs and expenses	2,504,759	2,356,783
Earnings before income taxes	213,975	296,930
Income taxes	45,082	58,867
Net earnings	168,893	238,063
Net earnings attributable to noncontrolling interest	43,212	8,022
Net earnings attributable to Alleghany stockholders	125,681	230,041
Net earnings	168,893	238,063
Other comprehensive income (loss):
Change in unrealized gains, net of deferred taxes of ($163,282) and ($57,932) in 2022 and 2021, respectively	(614,251)	(217,935)
Change in unrealized currency translation adjustment, net of deferred taxes of ($139) and $654 for 2022 and 2021, respectively	(523)	2,461
Retirement plans	130	(965)
Comprehensive (loss) income	(437,389)	9,851
Comprehensive income attributable to noncontrolling interests	43,212	8,022
Comprehensive (loss) income attributable to Alleghany stockholders	$ (480,601)	$ 1,829
Basic earnings per share attributable to Alleghany stockholders	$ 9.29	$ 16.44
Diluted earnings per share attributable to Alleghany stockholders	$ 9.29	$ 16.37
Accumulated Net Unrealized Investment Gain Loss
Other comprehensive income (loss):
Less: reclassification for net realized capital gains and change in allowance for credit losses on available for sale securities, net of taxes of $2,223 and ($3,130) for 2022 and 2021, respectively	$ 8,362	$ (11,773)

Y Balance Sheet

2022-03-31

Consolidated Balance Sheets - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Investments:
Equity securities	$ 3,413,525	$ 3,683,820
Debt securities, fair value	15,558,624	16,061,560
Short-term investments	1,305,804	1,142,258
Marketable Securities, Total	20,277,953	20,887,638
Commercial mortgage loans	462,556	475,860
Other invested assets	561,195	557,800
Total investments	21,301,704	21,921,298
Cash	993,056	927,966
Accrued investment income	93,895	87,610
Premium balances receivable	1,528,474	1,458,679
Reinsurance recoverables	2,164,653	2,195,975
Ceded unearned premiums	483,088	463,412
Deferred acquisition costs	636,654	586,753
Property and equipment at cost, net of accumulated depreciation and amortization	303,591	304,452
Goodwill	754,648	753,607
Intangible assets, net of amortization	909,420	924,406
Net deferred tax assets	104,966	0
Funds held under reinsurance agreements	506,005	634,182
Other assets	2,114,273	2,010,335
Total assets	31,894,427	32,268,675
Liabilities, Redeemable Noncontrolling Interests and Stockholders’ Equity
Loss and loss adjustment expenses	14,316,367	14,357,635
Unearned premiums	3,386,395	3,179,513
Senior notes and other debt	2,822,777	2,847,199
Reinsurance payable	360,919	322,902
Current taxes payable	63,912	34,297
Net deferred tax liabilities	0	56,958
Other liabilities	1,982,891	1,965,943
Total liabilities	22,933,261	22,764,447
Redeemable noncontrolling interests	365,793	317,346
Common stock	17,460	17,460
Contributed capital	3,593,370	3,608,905
Accumulated other comprehensive (loss) income	(464,460)	141,822
Treasury stock	(2,029,904)	(1,934,531)
Retained earnings	7,478,907	7,353,226
Total stockholders’ equity attributable to Alleghany stockholders	8,595,373	9,186,882
Total liabilities, redeemable noncontrolling interests and stockholders’ equity	$ 31,894,427	$ 32,268,675