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...He was most recently chief executive of American Equity Investment Life, which was just acquired by Brookfield for $4bn....
...He’s made a shit ton of money for the company.” Buffett’s fascination with the insurance industry dates back more than 70 years....
...28 states, transporting 15 per cent of America’s natural gas and serving 13mn customers....
...Buffett has long heaped praise on Apple’s management team and in 2022 he described the company as one of Berkshire’s “four giants”, alongside its insurance operations, the BNSF railroad and its energy and...
...Buffett in recent years has talked about how he shares similar views on capital allocation to Abel, who rose through the company’s utility business and now has oversight over all of its non-insurance operations...
...of companies including Precision Castparts, an aerospace group that counts Boeing as a customer, and Clayton Homes, America’s largest builder of modular housing....
...They will also retain access to unfathomably cheap credit thanks to Berkshire’s insurance business, the firepower that makes the company so successful and one of the main reasons investors cite for keeping...
...(Do this thought experiment: picture a conglomerate controlling the same empire of companies as Berkshire, including in notably unpopular industries such as energy, insurance and banking; can you imagine...
...Berkshire Hathaway’s insurance business after Ajit Jain If insurance is the secret sauce in Berkshire Hathaway’s decades-long growth, Ajit Jain is the cook....
...The company’s short-term Treasury portfolio and cash generated north of $115mn in interest income for Berkshire’s insurance unit every week last year — or some $6.1bn —, eclipsing the $5.5bn it earned in...
...First thing to consider is company size. The S&P 500 consists solely of large companies....
...Here is how the shares of those companies were performing on Thursday afternoon: Apple was down 1.3 per cent. Berkshire trimmed its holding in the tech giant Paramount was down 5.3 per cent....
...The Iowa-based company is among the largest sellers of retirement annuities, a status that made it the target of a hostile bid made jointly by Apollo Global Management and MassMutual not long after Bhalla...
...Robert Armstrong(Laughter) Well, they buy and sell stuff like huge railroads, hundreds of billions of dollars of Apple stock, many insurance companies, many utilities and energy companies....
...Apollo-backed Athora has terminated an agreement to buy a €19bn book of German life insurance business from Axa, citing “significant changes in financial market conditions” for a decision both sides said...
...Berkshire Hathaway’s HomeServices of America, the largest US residential real estate brokerage, has joined rivals and agreed to settle lawsuits that challenged long-standing fee arrangements in the industry...
...That dwarfs its second-largest publicly traded investment: Bank of America....
...The steep rise in the cost of home insurance in the US and elsewhere can be traced, in part, to a move two years ago by P&C reinsurers to increase the price of cover against natural catastrophes and toughen...
...Warren Buffett’s Berkshire Hathaway on Tuesday said it had taken full control of truck stop operator Pilot Corporation, days after the sprawling railroad-to-insurance conglomerate settled an acrimonious...
...Berkshire Hathaway, Berkshire Hathaway Energy and HomeServices of America did not immediately respond to a request for comment....
...The company spent billions of dollars acquiring truck-stop operator Pilot Flying J and insurance conglomerate Alleghany in recent years, adding them to a portfolio that includes ice cream purveyor Dairy...
...A couple of months ago, my insurance company decided to raise the price of the yearly insurance premiums on our Brooklyn home by 51 per cent over three years, after more than doubling the estimated cost...
...“The big question is, can the PE firms be a trusted owner of a life insurance company?” said Isabelle Santenac, global insurance leader at consultancy EY....
...In his latest shareholder letter Warren Buffett said his company Berkshire Hathaway, at its size and maturity, should “operate with materially less risk of permanent loss of capital”....
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