Alleghany 2021 Full Year Performance Highlights slide image

Alleghany 2021 Full Year Performance Highlights

Our Management Approach Philosophy "Conservatism dominates our management philosophy. We shun investment fads and fashions in favor of acquiring relatively few interests in basic financial, industrial and other enterprises that offer the potential to deliver long-term value to our investors" 1 2 Strategy Own high-quality underwriting franchises - - - Underwrite for profit Grow premiums only when market allows for profitable growth Consistently maintain appropriately prudent loss reserves Invest for total return when risk/reward is attractive 3 Acquire quality businesses at reasonable prices 4 LO 5 - Provide resources, support and oversight to help them grow revenues, profits and returns Maintain a conservative financial and operating risk profile Hold significant unrestricted liquidity for potential opportunities (and downturns) LO 5
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