4 Warren Buffett Lessons From His Latest Shareholder Letter kxly.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from kxly.com Daily Mail and Mail on Sunday newspapers.
Warren Buffett s Tone Deaf Annual Letter Skirts Controversies Warren Buffett s Tone Deaf Annual Letter Skirts Controversies Warren Buffett likewise steered clear of politics, despite the contested presidential election and riots at the U.S. Capitol, and never touched on race or inequality even after protests and unrest broke out in cities across the nation last year.
Warren Buffett s annual letters are seen as chance to offer investors help in understanding his thinking.
Warren Buffett s 15-page annual letter to shareholders on Saturday made mention of the pandemic that ravaged the globe in 2020 exactly once: One of his furniture companies had to close for a time because of the virus, the billionaire noted on page nine.
GEICO Drives Up Berkshire 2020 Underwriting Profit
With GEICO’s 2020 underwriting profit more than doubling above the level recorded in 2019, Berkshire Hathaway’s full-year property/casualty underwriting income was in the black, even though the conglomerate’s P/C reinsurance units saw underwriting losses in both years.
Taken together, $3.4 billion of pre-tax underwriting profit for personal lines auto insurer GEICO, combined with $110 million for Berkshire’s commercial primary insurance operations, more than offset $2.0 billion in pre-tax underwriting losses in Berkshire’s reinsurance group, Berkshire reported on Saturday. Total underwriting profit for the P/C insurance and reinsurance operations came in at $1.5 billion for 2020, compared to $640 million for 2019.