Alleghany: 2Q Earnings Snapshot
NEW YORK (AP) _ Alleghany Corp. (Y) on Tuesday reported second-quarter earnings of $295.5 million.
On a per-share basis, the New York-based company said it had profit of $20.46. Earnings, adjusted for one-time gains and costs, were $12.40 per share.
The property and casualty insurance provider posted revenue of $2.26 billion in the period. Its adjusted revenue was $2.1 billion.
Alleghany shares have increased 11% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $694.18, a rise of nearly 9% in the last 12 months.