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Berkshire Hathaway Insurance

January 26th, 2016 Leave a comment Go to comments

BERKSHIRE HATHAWAY INSURANCE


By : Aries Kurniawan

 

History of the Berkshire Hathaway Insurance

berkshire hathaway life insurance

berkshire hathaway life insurance

Berkshire Hathaway Inc. (Berkshire), founded on June 16, 1998, this is a holding company that owns subsidiaries engaged in diverse business activities. The company is engaged in the insurance business conducted on both a primary basis and distribution business in reinsurance, freight rail transportation business, a group of utilities, and energy generation. Berkshire also owns and operates a number of other businesses engaged in a variety of activities. In October of 2012, Berkshire Home Services acquired in 66.7 % in the residential real estate brokerage franchise networks in the United States. In May of 2013, Berkshire bought the remaining of 20 % stake in IMC International Metalworking Companies BV.

Berkshire Hathaway Inc. is an American multinational conglomerate holding company that headquartered in Omaha, Nebraska, U.S., that oversees and manages a number of subsidiary companies. The company wholly owns GEICO , BNSF , Lubrizol , Dairy Queen , Fruit Loom , Helzberg Diamonds and NetJets ,having half of Heinz and having an undisclosed percentage of Mars Incorporated and having a significant minority stake in American Express , The Coca – Cola Company , Wells Fargo , and IBM . Berkshire Hathaway average annual value growth of 19.7 % to its shareholders for the last 48 years ( compared with 9.4 % of the S & P 500 , with dividends included for the same period ) , while the use of large amounts of capital , and minimal debt . Berkshire Hathaway one of them is engaged in the stock and produces a total return of 76 % from 2000 to 2010 versus a negative 11.3 % return for the S & P 500.

The insurance company had investor named Warren Buffett; he was a chairman of the insurance company, as president and CEO. Buffett has been using the “float” provided by Berkshire Hathaway’s insurance operations (paying a premium which are not kept in reserve for reported claims and may be invested) to finance its investment. In the early part of his career at Berkshire, he focused on the long-term investments in stocks, but more recently he has turned to buy the whole companies. Berkshire now owns a variety of businesses including sugar , retail , railroad , home furnishings , encyclopedias , vacuum cleaners manufacturers , jewelry sales , newspaper publishing , manufacture and distribution of uniforms , as well as several regional electric and gas utilities . According to the Forbes Global 2000 list and the formula Berkshire Hathaway, the company is the leading public companies in order of number nine in the world.

Thus was the history of the insurance company Berkshire Hathaway, the company is increasingly providing more years of positive results, especially insurance and reinsurance business activities that are conducted through Berkshire various domestic and foreign insurers based. Berkshire insurance businesses provide insurance and reinsurance property and the risk of victims around the world and also insure life, accident and health risks world-wide. The Insurance underwriting operations of the Company are comprised of sub- groups , including GEICO and its subsidiary , General Re and its subsidiaries , Berkshire Hathaway Reinsurance Group and Berkshire Hathaway Primary Group . Insurance subsidiaries include GEICO Government Employees Insurance Company, GEICO General Insurance Company, GEICO Indemnity Company, GEICO Casualty Company, GEICO Advantage Insurance Company, GEICO Insurance Choice Insurance Company and GEICO is safe. These firms mainly offer car insurance, which is a private passenger for individuals in all 50 states and the District of Columbia. In addition, GEICO guaranteed motorcycles, all-terrain vehicles, recreational vehicles; small commercial fleets, and acts as an agent for other insurers who offer homeowners, boat and individual life insurance. GEICO market policies are primarily through direct response methods in which the application for insurance was delivered directly to the company via the internet or by phone.

Meanwhile, The Berkshire Hathaway Reinsurance Group (BHRG) operates from offices located in Stamford, Connecticut. Business activity carried out through a group of companies, led by National Indemnity Company (NICO) , and Columbia Insurance Company . BHRG provide advantages especially in quota share reinsurance to insurance company’s property, accident and reinsurance. BHRG’s underwriting activities include life reinsurance and annuity business of life, which is written through Berkshire Hathaway Life Insurance Company, which is derived from Nebraska, as well as financial guarantee insurance written through Berkshire Hathaway Assurance Corporation.

In view of the activities above, the company is quite active in developing theirself, in order to improve a good quality , all of it was the important role of the president of the company , Warren Buffett , if you are interested after reading this article and would like to know furthers and enroll, you can call on ( 402 ) 393-7255 . May be useful :).

 

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