Alleghany 2021 Full Year Performance Highlights
Underwriting Performance
-
2021
Reinsurance
Insurance
Casualty &
Property
Specialty
Total
RSUI
Cap
Specialty
Total
Total
Re/Insurance
Loss ratio
84.5%
62.3%
69.2%
65.5%
61.0%
64.4%
68.1%
Expense ratio
28.1%
31.2%
30.2%
21.2%
38.4%
25.4%
29.1%
Combined ratio
112.6%
93.5%
99.4%
86.7%
99.4%
89.8%
97.2%
Change vs the prior year
(0.1%)
(6.3%)
(4.2%)
(8.9%)
(2.3%)
(7.4%)
(4.9%)
Catastrophe activity & prior year
development:
Current year catastrophe losses
30.7%
0.6%
10.0%
15.4%
0.6%
11.8%
10.4%
Net (favorable) unfavorable
development in prior year loss
(1.4%)
(6.0%)
(4.5%)
(0.5%)
1.5%
0.0%
(3.5%)
reserves
Combined ratio excluding
catastrophe losses and prior
83.3%
98.9%
93.9%
71.8%
97.3%
78.0%
90.3%
year development
Change vs the prior year
(2.3%)
(1.4%)
(2.0%)
(2.3%)
(3.2%)
(2.8%)
(2.1%)
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