5/21/2023 0 Comments No david gets in troublePersonal auto insurers have been plagued by a high degree of claims cost inflation, with many having posted first-quarter 2023 loss cost increases of more than 20%, said Catherine Seifert, Berkshire analyst at CFRA Research. Other than closing the gap in usage-based technology, investors also want to know if Geico is taking steps to offset loss cost inflation, triggered by a surge in prices of new and used cars and parts. Kass recalled Buffett referring to Geico as his "favorite child" during a meeting with his students in 2005. "I think he has a strong emotional and sentimental attachment to it." "It was sort of Buffett's first love," said David Kass, a finance professor at the University of Maryland's Robert H. In 1976, Buffett invested at $2 per share in Geico when it was in financial trouble, and Berkshire acquired the rest of the company in 1995. While Geico is only a relatively small percentage of Berkshire's sprawling empire, Buffett does have a soft spot for the insurer as it's one of the "Oracle of Omaha's" first investments, and perhaps among the most successful.īuffett learned about Geico from his professor and mentor Ben Graham, who was the chairman of the board at the insurer. Personal Loans for 670 Credit Score or Lower Personal Loans for 580 Credit Score or Lower Best Debt Consolidation Loans for Bad Credit
0 Comments
Leave a Reply. |