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Alleghany Corporation

Logo: Allegheny Corporation, Public domain, via Wikimedia Commons5

American investment company

Alleghany Corporation is an American investment holding company originally created by the railroad entrepreneurs Oris and Mantis Van Sweringen as a holding company for their railroad interests. It was incorporated in 1929 and reincorporated in Delaware in 1984. On March 21, 2022, Berkshire Hathaway made an $11.6 billion offer to acquire the company, which completed in October 2022.3 It was founded by Van Sweringen brothers.1 Its shares trade on NYSE under the symbol Y.1 Wikipedia text CC BY-SA 4.0

Price unavailable

Last updated Oct 21, 2026.

Overview

1929Founded1

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  • TickerY on NYSE1
  • Industryinsurance1
  • HeadquartersNew York City1
  • Websitewww.alleghany.com
  • Legal formDelaware corporation1
  • Incorporated inDE6
  • Business address1411 Broadway, 34Th Floor, New York, Ny 100186
  • Filer categoryLarge accelerated filer6
  • LEI549300DCJE6AYX1594794
  • StatusActive4
  • LEI statusLapsed (not renewed)4
  • Registered addressC/O CORPORATION SERVICE COMPANY, 19808 Wilmington, United States4
  • Registered withDivision of Corporations, Department of State, 20485634

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Alleghany Corporation is an American investment holding company originally created by the railroad entrepreneurs Oris and Mantis Van Sweringen as a holding company for their railroad interests. It was incorporated in 1929 and reincorporated in Delaware in 1984. On March 21, 2022, Berkshire Hathaway made an $11.6 billion offer to acquire the company, which completed in October 2022.3

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2021

27.3%Net margin8
50.3%Revenue growth, 20218
11.3%Return on equity8
0.31×Debt to equity8

Where the money goes

Where each dollar of revenue went, fiscal 2021

  • Other costs63¢$2.4B
  • Interest3¢$102.3M
  • Income tax7¢$281.9M
  • Profit27¢$1.0B

Out of $3.8B in revenue.8

Where each dollar of operating cash went, fiscal 2021

  • Share buybacks16¢$290.5M
  • Kept or used elsewhere84¢$1.6B

Out of $1.9B of cash from operations.8

Financial statements

Revenue91011128$3.8B in 2021−24% since 2015
0$2.0B$4.0B$6.0B$8.0B2015: $5.0B$5.0B20152016: $6.1B$6.1B2016+23%2017: $928.3M$928.3M2017−85%2018: $1.6B$1.6B2018+77%2019: $2.3B$2.3B2019+42%2020: $2.5B$2.5B2020+8%2021: $3.8B$3.8B2021+50%
Net income91011128$1.0B in 2021+85% since 2015
0$500.0M$1.0B$1.5B2015: $560.3M$560.3M20152016: $456.9M$456.9M2016−18%2017: $90.1M$90.1M2017−80%2018: $39.5M$39.5M2018−56%2019: $857.8M$857.8M2019+2070%2020: $101.8M$101.8M2020−88%2021: $1.0B$1.0B2021+917%
Fiscal year2015201620172018201920202021
Revenue$5.0B9$6.1B10$928.3M11$1.6B12$2.3B8$2.5B8$3.8B8
Interest$91.8M9$81.6M10$83.1M11$90.7M12$100.0M8$88.2M8$102.3M8
Income before tax$1.4B8
Income tax$195.2M9$187.1M10-$63.8M11-$15.1M12$233.4M8$30.7M8$281.9M8
Net income$560.3M9$456.9M10$90.1M11$39.5M12$857.8M8$101.8M8$1.0B8
Earnings per share$35.149$29.6010$5.8511$2.6212$59.448$7.148$74.708
Earnings per share (diluted)$35.139$29.5910$5.8511$2.6212$59.398$7.048$74.668
Shares (weighted, basic)13.9M shares8
Shares (weighted, diluted)13.9M shares8

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Corporate structure

Alleghany Corporation sits at the top of its group. 12 entities, 4 countries on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of Alleghany Corporation

  • Alleghany Corporation New York, New York, United States
    • Chesapeake and Ohio Railway Subsidiary · Cleveland
    • Jazwares Subsidiary · Sunrise, Florida, United States
    • TRANSATLANTIC HOLDINGS, INC. Subsidiary · New York, New York, United States
      • Transatlantic Reinsurance Company Subsidiary · 100% · New York, New York, United States
      • CALPE INSURANCE COMPANY LIMITED Subsidiary · Gibraltar, Gibraltar
      • TRANSRE EUROPE S.E. Subsidiary · München, Germany
      • TRANSRE LONDON LIMITED Subsidiary · London, United Kingdom
      • TRANSRE LONDON SERVICES LIMITED Subsidiary · London, United Kingdom
    • WWSC HOLDINGS, LLC Subsidiary · Wilmington, Delaware, United States
      • W&W Steel Erectors, LLC Subsidiary · Wilmington, Delaware, United States
      • W&W-AFCO STEEL LLC Subsidiary · Wilmington, Delaware, United States

Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); subsidiaries, stakes and holdings from Wikidata (CC0); major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What Alleghany Corporation reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Property and equipment, net$304.5M8 Dec 31, 2021$267.9M8 Dec 31, 2020+13.7%
Operating-lease assets (leased space)$240.5M8 Dec 31, 2021$227.7M12 Dec 31, 2020+5.6%

Investments

ItemLatestA year beforeChange
Debt securities available for sale$16.1B8 Dec 31, 2021$15.6B8 Dec 31, 2020+2.8%
Equity securities at fair value$2.7B12 Dec 31, 2020$2.5B12 Dec 31, 2019+8.5%

Intangibles and goodwill

ItemLatestA year beforeChange
Goodwill$753.6M8 Dec 31, 2021$614.2M8 Dec 31, 2020+22.7%
Intangible assets, net (excluding goodwill)$924.4M8 Dec 31, 2021$787.5M8 Dec 31, 2020+17.4%
Accumulated amortization$496.7M8 Dec 31, 2021$446.7M8 Dec 31, 2020+11.2%

The story

Founded by Van Sweringen brothers in 1929.1

Leadership

Who has led Alleghany Corporation, and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Weston M. Hicks2006–2021
  2. Joseph Patrick Brandon2022

Chair

  1. F. M. Kirby2006
  2. Jefferson Kirby2021

President

  1. Weston M. Hicks2006–2021
  2. Joseph Patrick Brandon2021–2022

Chief financial officer

  1. Roger Bryce Gorham2006–2013
  2. John Langton Sennott Jr.2013–2019
  3. Kerry J. Jacobs2019–2022
197019801990200020102020
Board members and other officers (25)

Products and brands

  • title insurance

Listed on Wikidata.1

Alleghany's current portfolio includes:

TransRe, a reinsurer acquired in 2012

RSUI, an insurer acquired in 2003

CapSpecialty, formerly Capitol Insurance Companies, an insurer acquired in 2002

Read the full text

Alleghany Capital, which owns and manages middle market businesses, including:

Precision Cutting Technologies, a holding company for machine tool manufacturers Bourn & Koch, Diamond Technology Innovations, CID Performance Tooling, and Supermill

R.C. Tway Company (dba Kentucky Trailer), a trailer manufacturer for the moving industry

W&W/AFCO Steel, a steel fabricator and erector

Wilbert Funeral Services, concrete burial vault manufacturer

IPS-Integrated Project Services, a pharmaceutical and biotechnology service provider

Jazwares, a toy and consumer products company, and owner of Kellytoy and Wicked Cool Toys

Concord Hospitality, which develops, owns, and operates hotels for Hyatt, Hilton, Mariott, and other brands

Alleghany Properties, a property company

Former holdings

Former holdings include:

Chesapeake and Ohio Railway, now CSX Transportation

PacificComp, an insurer acquired in 2007 Sold to CopperPoint Mutual in 2017.

World Minerals, sold to Imerys in 2005

Chicago Title, spun off in 1997, owned by Fidelity National Financial since 2000

Underwriters Reinsurance Company, sold to Swiss Re American Holding Corporation in 2000

IDS Property Casualty Insurance Company, sold to American Express in 1984

The Shelby Insurance Company, sold to The Associated Group in 1991

Stranded Oil Resources Corporation, an oil exploration and production company, sold to Laredo Oil at the end of 2020.

From Wikipedia’s article on Alleghany Corporation, shared under CC BY-SA 4.0.7

Subsidiaries and ownership

Subsidiaries

From Wikidata.1

Timeline

  1. Oct 19, 20228-K Ended a material agreement; Completed an acquisition or sale; Listing notice or transfer49
  2. Aug 4, 20228-K Results of operations50
  3. Jun 27, 20228-K Entered a material agreement51
  4. Jun 9, 20228-K Shareholder vote; Other events52
  5. May 5, 20228-K Results of operations53
  6. Apr 18, 20228-K Other events54
  7. Mar 21, 20228-K Other events55
  8. Mar 21, 20228-K Entered a material agreement; Other events56
  9. Feb 28, 20228-K Executive or director change57
  10. Feb 23, 20228-K Results of operations58
  11. Jan 11, 2022New chief executive Joseph Patrick Brandon becomes CEO18
  12. Nov 19, 20218-K Executive or director change59
  13. Nov 4, 20218-K Results of operations60
  14. Mar 1, 2006New chief executive Weston M. Hicks becomes CEO19
  15. Jan 2, 1990Went public Listed on NYSE1
  16. 1929Founded Founded1

Calendar

When it reported results

  1. Aug 4, 2022Reported quarterly or annual results50
  2. May 5, 2022Reported quarterly or annual results53
  3. Feb 23, 2022Reported quarterly or annual results58
  4. Nov 4, 2021Reported quarterly or annual results60

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

99 filings to the SEC since October 2021: 2 annual reports, 3 quarterly reports, 12 major events, 44 insider forms, 4 large holders, 34 other. The latest 20:

  1. Feb 6, 2023SC 13G/A EDGAR
  2. Nov 1, 202213F-HR EDGAR
  3. Oct 31, 202215-12G EDGAR
  4. Oct 24, 2022EFFECT EDGAR
  5. Oct 24, 2022EFFECT EDGAR
  6. Oct 24, 2022EFFECT EDGAR
  7. Oct 24, 2022EFFECT EDGAR
  8. Oct 21, 20224 FORM 4 SUBMISSION EDGAR
  9. Oct 21, 20224 FORM 4 SUBMISSION EDGAR
  10. Oct 21, 20224 FORM 4 SUBMISSION EDGAR
  11. Oct 21, 20224 FORM 4 SUBMISSION EDGAR
  12. Oct 21, 20224 FORM 4 SUBMISSION EDGAR
  13. Oct 21, 20224 FORM 4 SUBMISSION EDGAR
  14. Oct 21, 20224 FORM 4 SUBMISSION EDGAR
  15. Oct 21, 20224 FORM 4 SUBMISSION EDGAR
  16. Oct 21, 20224 FORM 4 SUBMISSION EDGAR
  17. Oct 21, 20224 FORM 4 SUBMISSION EDGAR
  18. Oct 21, 20224 FORM 4 SUBMISSION EDGAR
  19. Oct 21, 20224 FORM 4 SUBMISSION EDGAR
  20. Oct 19, 2022POSASR EDGAR

The 99 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

8 open-market trades by officers, directors and large owners since October 2021: 6 buys and 2 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Mar 7, 2022Jacobs Kerry JEVP, Chief Financial OfficerBuy50$644.75$32.2KForm 4
Mar 4, 2022Jacobs Kerry JEVP, Chief Financial OfficerBuy50$658.91$32.9KForm 4
Mar 4, 2022Brandon Joseph PatrickPresident and CEOBuy585$651.79$381.3KForm 4
Feb 28, 2022Dalrymple Christopher KentSVP, General CounselSale293$666.15$195.2KForm 4
Dec 8, 2021Chippendale Ian HDirectorSale270$673.40$181.8KForm 4
Dec 2, 2021Brandon Joseph PatrickPresident and CEOBuy2,500$658.75$1.6MForm 4
Dec 1, 2021Brandon Joseph PatrickPresident and CEOBuy3,500$654.75$2.3MForm 4
Nov 30, 2021Brandon Joseph PatrickPresident and CEOBuy2,500$652.45$1.6MForm 4

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Members of Congress who traded it

3 trades disclosed by members of Congress. “Vs S&P since” is the stock’s change since the trade minus the S&P 500’s.

DateMemberTradeAmountVs S&P sinceFiling
May 2, 2022Lois FrankelDemocratic, HouseSale$1,001 - $15,000Report
Apr 29, 2022Lois FrankelDemocratic, HousePartial sale$1,001 - $15,000Report
Apr 22, 2022Earl Blumenauer, HouseSale$1,001 - $15,000Report

Members report amounts as ranges, not exact figures. Returns are price-only (no dividends).

SEC filer profile

How Alleghany Corporation is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARALLEGHANY CORP /DE2
  • CIK0000775368
  • Employer ID (EIN)27-13547062
  • Filer statusLarge accelerated filer2
  • Incorporated inDelaware2
  • Fiscal year endsDecember 312
  • Industry code (SIC)6331 Fire, Marine & Casualty Insurance2
  • Business address1411 Broadway, 34Th Floor, New York, NY 100182
  • Phone212-508-81302
  • Shares outstanding13,455,454 as of Jul 28, 202214
  • Public float$9.0B as of Jun 30, 202164
  • On EDGAR sinceMar 24, 19942
  • Filings1,530 in all: 4 (662), 8-K (190), 13F-HR (95), 5 (94), 10-Q (86), SC 13G/A (77), 4/A (30), 10-K (29)2
    All 43 form types

    DEF 14A (28), 3 (25), UPLOAD (24), CORRESP (20), S-8 POS (18), SC 13G (18), 425 (13), ARS (11), SC 13D/A (11), S-8 (10), DEFA14A (9), 424B5 (6), FWP (6), SD (6), 144 (5), 424B2 (5), EFFECT (5), POSASR (5), SC 13D (5), 424B3 (4), 8-K/A (4), POS AM (4), S-3 (4), S-3ASR (4), S-4/A (4), 10-K/A (2), 13F-HR/A (2), S-3/A (2), 10-Q/A (1), 13F-NT (1), 15-12G (1), 25-NSE (1), DEFM14A (1), PREM14A (1), S-4 (1)

  • Latest filingsAnnual report (10-K) Feb 23, 2022
    Quarterly report (10-Q) Aug 4, 2022
    Proxy statement (DEF 14A) Mar 15, 2021
    Latest 8-K (8-K) Oct 19, 2022

Sources

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