Alleghany Net Income up 22.5% in 2nd Quarter

Alleghany Corp. reported net income of $182.5 million in the second quarter, a 22.5% increase from $149 million in the second quarter of 2014. For the first six months of the year, Alleghany reported net income of $307.7 million, down 13.1% from $353.9 million in the first half of 2014. Alleghany reported net written premiums of $1.15 billion, down 5.2% from $1.21 billon in the prior-year quarter. Alleghany's California-based workers' compensation subsidiary, Pacific Compensation Insurance, reported net written premiums of $23.8 million during the second quarter, up 44.7% from $30 m...