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Alleghany: 3Q Earnings Snapshot

·1 min read

NEW YORK (AP) _ Alleghany Corp. (Y) on Tuesday reported third-quarter earnings of $126.5 million.

On a per-share basis, the New York-based company said it had profit of $8.86. Earnings, adjusted for non-recurring gains, were $3.23 per share.

The property and casualty insurance provider posted revenue of $2.52 billion in the period. Its adjusted revenue was $1.69 billion.

Alleghany shares have dropped 27% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $580.91, a drop of 23% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on Y at https://www.zacks.com/ap/Y