Buffett’s buy: Alleghany shows Q1 underwriting rebound, profit down

Buffett’s buy: Alleghany shows Q1 underwriting rebound, but profit down

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Alleghany Corporation, soon on its way to Warren Buffet’s Berkshire Hathaway group, bounced back in Q1 underwriting on primary carrier premium growth and improved loss cost experience, but delivered shareholders a decline in net profits as investment earnings fell and other operating costs surged.

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Alleghany Corporation, Berkshire Hathaway, Q1, Profit, Combined Ratio, Treaty, Catastrophe, Insurance, Reinsurance, North America

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Buffett’s buy: Alleghany shows Q1 underwriting rebound, but profit down

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