The Latest Breaking News from Alleghany

Pulled from Benzinga Pro data, Alleghany (NYSE:Y) posted Q1 earnings of $168.89 million, an increase from Q4 of 69.66%. Sales dropped to $1.60 billion, a 13.99% decrease between quarters.

Alleghany (NYSE:Y) reported its Q1 earnings results on Thursday, May 5, 2022 at 04:20 PM. Here's what investors need to know about the announcement. Earnings Alleghany beat estimated earnings by 20.83%, reporting an EPS of $18.85 versus an estimate of $15.6.

According to a recent regulatory filing, Warren Buffett needed just two weeks to put together Berkshire Hathaway Inc's (NYSE: BRK-B) $11.6 billion takeover of Alleghany Corporation (NYSE:Y), the insurer's largest acquisition in six years, despite his refusal to pay the insurer's banking charge, reports Reuters. Alleghany's Chief Executive Officer Joseph Brandon met with Buffett for dinner…

A New York City dinner between Warren Buffett and Alleghany Corp. Chief Executive Officer Joseph Brandon kicked off one of Berkshire Hathaway Inc.’s latest deal hunts.

Merger activity decreased last week with three new deals announced and two deals completed. Alleghany Corporation (NYSE: Y)

Alleghany (NYSE:Y) has outperformed the market over the past 20 years by 1.17% on an annualized basis producing an average annual return of 8.24%. Currently, Alleghany has a market capitalization of $11.41 billion.

The Dow Jones fell after Jerome Powell spoke out on inflation. Berkshire Hathway popped on a Warren Buffett deal. Boeing stock tumbled.

Berkshire Hathaway rose after the company announced it agreed to acquire insurer Alleghany in a deal valued at $11.6 billion.

After six years without a major transaction, billionaire investor Warren Buffett is back on the hunt and adding companies to his Berkshire Hathaway investment group.