Alleghany posts comfortable earnings beat and 10.6 point CR reduction in Q1

Alleghany Q1 results

Alleghany Corporation’s combined ratio fell 10.6 points in Q1 2022 to 88.4 percent as the business benefited from underwriting income increases in insurance and reinsurance despite TransRe taking a $35mn hit from the Russia-Ukraine conflict, while its adjusted earnings comfortably exceeded analysts’ consensus estimate.

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