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Alleghany Corporation

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Alleghany’s strong performance across insurance and reinsurance operations will continue to fuel premium revenues. Alleghany strives to grow via acquisitions and organic initiatives as these not only diversify and strengthen its portfolio but also expand its international footprint. A solid balance sheet with healthy capital position supports shareholder-friendly moves and growth initiatives. However, escalating expenses weighing on margin expansion remains a concern. Also, the property and casualty insurer remains exposed to catastrophe environment, which induces underwriting volatility. Investment results too remain depressed owing to the still low interest rate. Also, shares of the company have underperformed the Zacks categorized Property and Casualty Insurance industry year to date.

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