Alleghany Corp. (Y) reported net earnings for the first quarter of $196.3 million or $11.67 per share, compared to $560.1 million or $51.06 per share for the year-ago quarter.
Analysts polled by Thomson Reuters expected the company to earn $8.01 per share for the first quarter.
Net earnings for the 2012 first quarter include 25 days of results of TransRe as well as merger-related items associated with the purchase of TransRe, including a gain of $494.9 million resulting from the application of purchase accounting treatment, amortization of intangible assets of $31.9 million and transaction costs of $33.8 million.
Total revenue for the first quarter rose to $1.22 billion from $1.05 billion a year ago.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.