Alleghany 2021 Full Year Performance Highlights

Alleghany Capital – Generating Strong Growth ($ in millions) Revenue(1) Adjusted Earnings Before Tax $897 $678 $1,575 $2,289 $2,477 $3,736 $154 $143 $83 $50 $33 $332 2016 2017 2018 2019 2020 2021 2016 2017 2018 2019 2020 2021 Return on Equity(2) 12.3% 8.3% 8.8% 6.0% 4.6% 3.5% 2016 2017 2018 2019 2020 2021 (1) Relates to Alleghany Capital Products and Services revenue. Cash Dividends $27 $19 $20 $82 $61 $133 2016 2017 2018 2019 2020 2021 (2) Return on equity equals Alleghany's share of adjusted earnings / Alleghany Capital's average equity. 28

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