Alleghany 2021 Full Year Performance Highlights
Components of Alleghany 2021 Growth in Book Value
$ in millions
Alleghany 2021 Growth in Book Value
$ millions
Net underwriting gain, before catastrophe losses
Net current year catastrophe losses (1)
Net underwriting gain, after catastrophe losses
Alleghany Capital
Common equities:
Dividend income
Net realized and unrealized gains
A
%
702
(548)
8.0%
(6.2%)
154
1.8%
146
1.7%
64
0.7%
400
4.6%
464
5.3%
Fixed income:
Interest income
306
3.5%
Net realized and unrealized gains
(254)
(2.9%)
52
0.6%
Other invested assets
Investments sub-total
71
0.8%
587
6.7%
Sub-total
Interest expense(2)
Other net expenses(3)
887
10.2%
(68)
(0.8%)
(95)
(1.1%)
Total growth in book value before capital transactions
724
8.3%
(1) Net current year catastrophe losses are net of reinstatement premiums. (2) Excludes Alleghany Capital's interest expenses, which are included in Alleghany Capital's returns above.
(3) Other, net includes corporate administration expenses, re/insurance subsidiary long-term incentive compensation expenses, Alleghany Properties, AIHL Re, and miscellaneous
other income and expenses.
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