Alleghany Reports 12% Increase in Q4 Net Income

Alleghany Corp. has reported a 12.2% growth in net income for the fourth quarter of 2015, but the company’s net income for the full year shrank by 17.5%. Alleghany’s fourth-quarter net income was $156.1 million, compared to $139.1 million for the prior-year quarter. Net premiums written were $1.24 billion in the fourth quarter, a 20.3% increase from $1.03 billion in the fourth quarter of 2014. For full-year 2015, net income was $560.3 million, down from $679.2 million in 2014. Net premiums written for the full year were $4.49 billion in 2015, down from $4.50 billion in 2014. In ...