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OLDWICK, N.J.--(BUSINESS WIRE)-- #insurance--AM Best has placed under review with positive implications the Financial Strength Rating (FSR) of A+ (Superior) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of “aa-” (Superior) of Transatlantic Reinsurance Company (New York, NY) and its subsidiaries (collectively referred to as TransRe). In addition, AM Best has placed under review with positive implications the Long-Term ICRs and the Long-Term Issue Credit Ratings (Long-Term IRs) of “a-” (Excellent) o

Antero Resources to Replace Alleghany in S&P MidCap 400 Morningstar

NEW YORK, Oct. 17, 2022 /PRNewswire/ — Antero Resources Corp. (NYSE: AR) will replace Alleghany Corp. (NYSE: Y) in the S&P MidCap 400 effective prior to the opening of trading on Thursday, October 20. S&P 500 constituent Berkshire Hathaway Inc. (NYSE: BRK.A; BRK.B) is acquiring Alleghany in a deal expected to be completed soon, pending… Read More »Antero Resources Set to Join S&P MidCap 400

NEW YORK, October 17, 2022: Antero Resources Corp. (NYSE: AR) will replace Alleghany Corp. (NYSE: Y) in the S&P MidCap 400 effective prior to the opening of trading on Thursday, October 20. S&P 500 constituent Berkshire Hathaway Inc. (NYSE: BRK.A; BRK.B) is acquiring Alleghany in a deal expected to be completed soon, pending final closing conditions.

Berkshire Hathaway (BRK.B) (BRK.A) and Alleghany Corp

The slide in US stock prices punished Berkshire Hathaway Inc''s bottom line in the second quarter as the company run by billionaire Warren Buffett posted a $43.8 billion loss.

Berkshire nevertheless generated nearly $9.3 billion of profit from its operating businesses, as improvement from reinsurance and the BNSF railroad offset a loss at the Geico car insurer, where car parts shortages and higher vehicle prices boosted losses from accidents.

Rising interest rates and dividend payouts helped Berkshire''s insurance units generate more money from investments, while the strengthening U.S. dollar boosted profit from the company''s European and Japanese debt investments.

Berkshire also slowed purchases of its stocks, including its own, though it ended June with $105.4 billion of cash and equivalents it could still deploy.

"It shows the fickle nature of markets," said Tom Russo, a partner at Gardner, Russo & Quinn in Lancaster, Pennsylvania, who invests more than $8 billion, of which 17% is in Berkshire.

Warren Buffett''s Berkshire Hathaway reported second-quarter earnings on Saturday. The investor''s company was less active in the stock market and slowed its share buybacks. Berkshire posted double-digit increases in revenues and operating income. Warren Buffett''s Berkshire Hathaway reported second-quarter earnings on Saturday that showed a strong performance from its operating businesses, but revealed the company slowed its rate of share repurchases and was far less active in the stock market than in the preceding three months. The famed investor''s conglomerate posted a 10% year-on-year increase in revenues to about $76 billion, driving pre-tax earnings from its operating businesses up 16% to $10 billion. However, a $67 billion drop in the value of its investment portfolio meant Berkshire swung to a $43 billion net loss on a headline basis. Buffett''s company spent a net $3.8 billion on equities in the period, as it bought $6.2 billion worth and sold $2.3 billion worth. That represents a sharp slowdown from the net $41 billion it plowed into stocks in the first quarter.

Alleghany (NYSE: Y ) reported its Q2 earnings results on Thursday, August 4, 2022 at 04:20 PM. Here''s what investors need to know about the announcement. Earnings Alleghany missed estimated earnings by 0.06%, reporting an EPS … Full story available on Benzinga.com

Companies Reporting Before The Bell • Reservoir Media (NASDAQ: RSVR ) is projected to report quarterly loss at $0.05 per share on revenue of $18.19 million. • OFS Capital (NASDAQ: OFS ) is estimated to report earnings for its second quarter. • Vector Group (NYSE: VGR ) is expected to report quarterly earnings at $0.35 per share on revenue of $337.70 million. • Aldeyra Therapeutics (NASDAQ: ALDX ) is estimated to report earnings for its second quarter. • Ocugen (NASDAQ: OCGN ) is estimated to report earnings for its second quarter. • Fluor (NYSE: FLR ) is likely to report earnings for its second quarter. • Brookfield Business (NYSE: BBUC ) is expected to report earnings for its second quarter. • Celyad Oncology (NASDAQ: CYAD ) is expected to report earnings for its first quarter. • Perma-Fix Envirn Servs (NASDAQ: PESI ) is likely to report earnings for its second quarter. • Element Solutions (NYSE: ESI ) is likely to report quarterly loss at $0.15 per share on revenue of $321.97 million.

The following is a discussion and analysis of our financial condition and results of operations for the three and six months ended June 30, 2022 and 2021. This discussion and analysis should be read in conjunction with our unaudited consolidated financial statements and Notes to Unaudited Consolidated Financial Statements set forth in Part I, Item 1, "…

Alleghany press release (Y): Q1 Non-GAAP EPS of $18.85 beats by $2.96.Revenue of $2.72B (+2.6% Y/Y) beats by $510M.

The following is a discussion and analysis of our financial condition and results of operations for the three months ended March 31, 2022 and 2021. This discussion and analysis should be read in conjunction with our unaudited consolidated financial statements and Notes to Unaudited Consolidated Financial Statements set forth in Part I, Item 1, "Financial… The post ALLEGHANY CORP /DE – 10-Q – Management''s Discussion and Analysis of Financial Condition and Results of Operations. appeared first on InsuranceNewsNet .

NEW YORK, May 5, 2022 /PRNewswire/ -- Alleghany Corporation (NYSE:Y) today announced its financial results for the first quarter ended March 31, 2022. A complete, full-text news release for Alleghany''s 2022 first quarter results is available on Alleghany''s website at www.alleghany.com and…

NEW YORK, NY, May 5, 2022- Alleghany Corporation announced its financial results for the first quarter of 2022. Book value per share was $638.83 at March 31, 2022, a decrease of 5.4% from December 31, 2021. Alleghany Capital revenue 3 increased 47.7% to $1,121 million from $759 million.. The post 2022 First Quarter Press Release appeared first on InsuranceNewsNet .

NEW YORK, NY, May 5, 2022- Alleghany Corporation announced its financial results for the first quarter of 2022. Book value per share was $638.83 at March 31, 2022, a decrease of 5.4% from December 31, 2021. •Net premiums written of $1,793 million increased 2.2%, with reinsurance down 2.6% and insurance up 20.8%.• Underwriting profit was $187 million, compared with an… The post Alleghany Corporation Reports 2022 First Quarter Results appeared first on InsuranceNewsNet .