Alleghany Corporation

John Wolz

Alleghany Corporation
2001 Revenue$925 million
2000 Revenue $945.2 million
2001 Closing Price192.45
2000 Closing Price 205.50

The Heads & Threads International fastener importing segment of reported losses for 2001, but the opening quarter of 2002 turned to profit.
HTI reported pretax earnings of $500,000 in the 2002 first quarter, compared with a pretax loss of $3.9 million in the first quarter of 2001. HTI attributed the turnaround primarily to cost control measures.
Don Haggerty returned to the fastener importing company as CEO during May 2001. Haggerty was president of Reynolds Fasteners when it was acquired by HTI in 2000.
Known primarily as an insurance company, Alleghany has held fastener importer Heads & Threads since 1974. It expanded in fasteners in the past four years with the acquisition of Reynolds and Gardenbolt International.
In addition to fasteners, Alleghany includes property and casualty insurance, reinsurance, industrial minerals, and California real estate.
Alleghany�s history is traced back to the 1916 acquisition of the Nickel Plate Railroad by the Van Sweringen brothers. Alleghany has no railroad investments today.

Corporate Office: 375 Park Ave, New York, NY 10152. Tel: 212 752-1356 Fax 212 759-8149
NYSE Symbol: Y
CEO: John Burns Jr.
Investor Relations: Robert Hart
Key fastener executives: Heads & Threads International CEO Don Haggerty
Employees: 2,100
Percentage of revenue from fasteners: 14% \�2002 FastenerNews.com