Alleghany (Y) Tops Q3 EPS
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Price: $847.79 --0%
EPS Growth %: +100.0%
Financial Fact:
Income taxes: 48.33M
Today's EPS Names:
MAXN, CSTR, ACU, More
EPS Growth %: +100.0%
Financial Fact:
Income taxes: 48.33M
Today's EPS Names:
MAXN, CSTR, ACU, More
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Alleghany (NYSE: Y) reported Q3 EPS of ($1.26), $3.34 better than the analyst estimate of ($4.60).
- Net premiums written increased 21.1%, with reinsurance up 19.9% and insurance up 25.3%.
- Underwriting loss was $200 million (combined ratio of 110.8%), compared with an underwriting loss of $81 million (combined ratio of 105.2%); excluding catastrophe and Pandemic2 losses, underwriting profit was $232 million (combined ratio of 87.4%), compared with $189 million (combined ratio of 87.9%).
- Net investment income increased 2.9% to $133 million from $129 million.
- Alleghany Capital revenue3 increased 38.2% to $986 million from $714 million.
- Alleghany Capital earnings before income taxes and adjusted earnings before income taxes were $101 million and $114 million, respectively, compared with $70 million and $67 million, respectively.
- (Losses) earnings per diluted share were $(8.60), compared with $8.86.
- Adjusted (losses) earnings per diluted share were $(1.26), compared with $3.23.
For earnings history and earnings-related data on Alleghany (Y) click here.
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