Q1 Net Income Grows 23.4% at Alleghany

Alleghany Corp. has reported a net income of $154.5 million for the first quarter of 2016, a 23.4% increase from net income of $125.2 million in the same quarter last year. Alleghany’s Pacific Compensation Insurance Co., or PacificComp, saw improved operating performance during the quarter, the company said, with net premiums written growing 59.4%. Alleghany’s overall net premiums written were $1.32 billion in the first quarter, up 21.2% from the prior year quarter. The company’s consolidated combined ratio for its insurance segment and TransRe reinsurance company was 87.7...