Alleghany Corporation

Alleghany Corporation

Y
Alleghany CorporationUS flagNew York Stock Exchange
847.79
USD
+0.01
- -
No data availableFinancial data will appear here once available

Capital Structure

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Working Capital

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Growth Rates

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Quarterly Revenue

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Quarterly Earnings Per Share

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Quarterly Dividends Per Share

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Company Description

APIChat
CEO
Weston Hicks
Full Time Employees
13,313
Sector
Financial Services
Industry
Insurance - Property & Casualty
Address
1411 Broadway Fl 34 New York City NY United States of America 10018
IPO Date
Mar 5, 1980
Business
Alleghany Corporation operates as a property and casualty insurance holding company providing reinsurance and insurance products predominantly in the United States and internationally. Its main products and services include property and casualty reinsurance through TransRe, a global reinsurer acquired in 2012; specialty insurance underwriters such as RSUI and CapSpecialty, acquired in 2003 and 2002 respectively; and middle market industrial businesses managed through Alleghany Capital. These industrial businesses include machine tool manufacturing under Precision Cutting Technologies, trailer manufacturing through R.C. Tway Company (dba Kentucky Trailer), and steel fabrication via W&W/AFCO Steel. Alleghany also owns IPS-Integrated Project Services, offering pharmaceutical and biotechnology consulting services, and Wilbert Funeral Services, which manufactures concrete burial vaults. Founded in 1929 and headquartered in New York, New York, Alleghany operates as a wholly owned subsidiary of Berkshire Hathaway following its acquisition in October 2022 in an $11.6 billion all-cash transaction valued at $848.02 per share. This acquisition marked a major strategic shift, allowing Alleghany to benefit from Berkshire Hathaway’s capital strength and long-term management philosophy while continuing to operate independently. The transaction was unanimously approved by both companies' boards and positioned Alleghany to pursue growth opportunities leveraging Berkshire Hathaway's financial backing. Prior to the acquisition, Alleghany had a strong presence in the reinsurance and specialty insurance markets with $9.5 billion gross premiums written in 2024 and maintained high financial strength ratings. Alleghany's operations span reinsurance, specialty insurance, and industrial manufacturing sectors, targeting customers including insurers, specialty markets, and industrial clients in the US and worldwide. The company continues to develop and support its subsidiaries across these diverse sectors, emphasizing resilience and operational independence under Berkshire Hathaway's ownership. This blend of insurance and industrial businesses distinguishes Alleghany within the insurance holding company space. Its recent major change, the acquisition by Berkshire Hathaway, underscores its strategic value as a versatile and capital-strong insurer and industrial operator with a long-standing market presence.

Company News

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  • Warren Buffett's Berkshire Hathaway completes $11.6B acquisition of insurer Alleghany

  • Buffett's Berkshire Hathaway closes $11.6 billion purchase of Alleghany insurance group

  • Berkshire Hathaway Completes Acquisition of Alleghany Corporation

  • Berkshire Hathaway and Alleghany Corporation Announce Receipt of Regulatory Approvals

  • Buffett Sits on His Hands in 2nd Quarter

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  • SHAREHOLDER INVESTIGATION: Halper Sadeh LLP Investigates VEC, CNR, Y, SWM

  • SHAREHOLDER INVESTIGATION: Halper Sadeh LLP Investigates OBNK, IIN, Y, VEC

  • Alleghany shareholder sues to block $11.6 billion Berkshire buyout over lack of disclosures

  • Alleghany shareholder sues to block $11.6 billion Berkshire buyout over lack of disclosures

  • Warren Buffett struck his $12 billion Alleghany deal in under 2 weeks — showcasing his way of doing business

  • Buffett needed two weeks for $11.6 billion Alleghany purchase, balked at Goldman fee

  • Fidelity: Fed-Resistant 4% Investment-Grade Dividend

  • 3 Reasons Alleghany Is a Perfect Fit for Berkshire Hathaway