Y - Alleghany Corp. allocating excess capital to Alleghany Capital unit

Alleghany Capital ("ACC") increases its position in Alleghany Corp. ([[Y]] +0.9%), accounting for 11% of the corporation's capital at March 31, 2021 vs. only 1% at Dec. 31, 2012, executives said during ACC's investor event.With reinsurance and insurance subsidiaries remaining well capitalized to support their growth, excess capital is being "strategically allocated" to boost ACC's growth, according to management's presentation.The portfolio of seven businesses (as of Q1 end) had $2.8B revenue over the last 12 months, $195.5M adjusted earnings and $1.1B in book value. ROE for the last 12 months was 10.7% vs. 8.8% in 2020.As of March 31, 2021, ACC's last 12 months adjusted net earnings to Alleghany increased to $111M, up from $89M in 2020.ACC says deal flow is increasing: "We see an increasing number of founder-owners considering taking chips off the table in 2021."Its industrial holdings are W&W/AFCO Steel; Wilbert, a provider of products and services for

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Alleghany Corp. allocating excess capital to Alleghany Capital unit