Y - Takeaways From Alleghany's 2018 Annual Shareholder Letter

Introduction

Alleghany Corporation (Y) is an approximately $9 billion market capitalization company that trades on the New York Stock Exchange. According to the company, it creates value through owning and managing operating subsidiaries and investments, anchored by core positions in property and casualty reinsurance and insurance.

Alleghany's property and casualty subsidiaries include: Transatlantic Holdings, Inc., a leading global reinsurer; RSUI Group, Inc., a national underwriter of property and liability specialty insurance coverages; and CapSpecialty, Inc., an underwriter of commercial property, casualty and surety insurance coverages. Subsidiary Alleghany Capital Corporation ("Alleghany Capital") engages in