Alleghany Corporation includes the following in its 2016 annual report (in thousands).
On an ongoing basis, we evaluate our estimates, including those related to the value of deferred acquisition costs, incentive compensation, income taxes, pension benefits and contingencies and litigation. Our estimates are based on historical experience and on various other assumptions that are believed to be reasonable under the circumstances.
What estimates does the company make when accounting for defined benefit pensions?

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The Answer of Alleghany Corporation includes the following in its 2016 annual report (in thousands).
On an ongoing basis, we evaluate our estimates, including those related to the value of deferred acquisition costs, incentive compensation, income taxes, pension benefits and contingencies and litigation. Our estimates are based on historical experience and on various other assumptions that are believed to be reasonable under the circumstances.
What estimates does the company make when accounting for defined benefit pensions?

Alleghany Corporation Includes the Following in Its 2016 Annual Report