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Y - Long-Term Tailwinds Unchanged For Alleghany - Buy While It's Cheap
Alleghany Corporation
Alleghany Corporation (Y) released its first quarter results a few days ago. I am going to discuss the company's performance and future perspectives in light of the COVID-19 pandemic crisis.
Overall, they were certainly negative, but not a complete disaster, like the stock price chart seems to suggest.
Source: Yahoo Finance
Q1/2020 At A Glance
First of all, there was a lot of uncertainty surrounding the impact that the pandemic could have on the insurance business. The range of possible outcomes was extremely wide this time. In the end, insurance operations were minimally