Alleghany 2021 Full Year Performance Highlights
Reported Underwriting
Profit
(Combined Ratio Points)
Catastrophe Losses
(Combined Ratio Points)
Pre-catastrophe
Underwriting Profit
(Combined Ratio Points)
Improved Underwriting Results
($ in millions)
81.5%
86.5%
86.6%
87.5%
87.4%
89.9%
90.0%
92.1%
88.7%
+5 points
since 2019
86.8%
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
$ 690 $
572
$ 591
$ 529
627
$
502
$ 497
433
$ 673
$
932
2012
2013
2014
2015
2016
2017
2018
(1)
2019
2020
2021
2.2%
1.5%
3.6%
4.5%
7.3%
10.4%
12.6%
13.2%
13.4%
16.5%
$ 470
151
95
$
62
226
$ 818
$
658
$ 400
$ 802
$ 737
88.8%
90.1%
89.0%
91.9%
94.1%
97.2%
99.4%
102.1%
103.2%
106.4%
2012
2013
$
220
421
2014
$ 495
2015
2016
2017
2018
2019
2020
2021
$ 467
$
401
$ (316)
$ (162)
33
$ (129)
195
Note: Underwriting profit and pre-catastrophe underwriting profit are non-GAAP financial measures. Refer to the appendix for further information.
1) Shaded region reflects $415 million, or 6.9 combined ratio points, of 2020 current year catastrophe losses attributable to the Pandemic.
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