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Alleghany Corp. Profit Up in Q2, Along With PacificComp Net Premiums

Monday, August 7, 2017 | 542 | 0 | 0 min read

Alleghany Corp. has reported second quarter net income of $102 million, a 32% increase from $77.1 million in the second quarter of 2016. For the first half of the year, net income was $251 million, up 8.2% from $232 million in the prior-year period. The consolidated combined ratio for insurance and reinsurance operations improved to 92.4% in the second quarter, compared with 97% in the second quarter of last year. “Each of our (re)insurance subsidiaries delivered profitable underwriting results in the second quarter and demonstrated excellent underwriting discipline in a challenging e...

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