Grenville

Yeah Bank of Dave was a good movie and it’s also on Netflix!

Happy Holidays! Hope you all have a nice relaxing break!

Agreed so much knowledge he gave and unfiltered

Oh man, this sucks to hear! Man the world has lost a titan

Thank you for sharing the interview. Nice to get to know Ben Watsa better along with his background. Appreciate his perspective. I did think he was a good salesman when he talked up family control but part of me thinks that should be earned(either through purchased ownership or at the time of founding) versus given. Shareholders should have the ability to choose because there are a lot of counter examples to family control not always being in the best interest of short or long term shareholders. Also who knows how great Ben will be when Prem retires or who will take Ben’s place when he retires. Cementing control prevents any future check both short or long term. It was cool though to hear the anecdotes about Sir John and Tony

Did you end up watching it in 70mm Imax?

Curious if anyone is going to see Oppenheimer in 70mm Imax? Canada has 6 of the 30 theatres in the world that can show the movie in the format it was intended to be seen in.

I was bummed by the Warriors loss...I can't stomach watching their games anymore, it's too stressful....I wait for the outcome and then go back and watch... Agree, we are so lucky to have them both around and sharing their wisdom and prescence. Thankfully cameras follow them around so we have their knowledge easily accessible from our pockets especially their views on the world in these tumultous times. I hope we have at least a few more years with them both at the helm.

Thank you for the link! Here is some of the commentary from the link: Based on what I read, it doesn't seem like the new customers are impacting the CR, It seems to be more prior year accident reserve development. The March CR might be tied more to March storms and maybe past reserve development including the FL tort reform. Maybe the 10Q and the CC has more granularity around auto, but their auto direct premiums really jumped

Wow! Those are crazy numbers, I didn't realize the trend in Geico underwriting! Even crazier is Statefarms auto underwriting loss, it's multiples of Geico's. Impressive on progressive's end as long as they are reserving properly. The telematics front is interesting. I have so far shied away from having something track my driving habits for the sake of privacy and the intrusion on the way I drive. It does make me wonder how much it would affect my underlying premium.

Its mind boggling to see the sudden change in rates and the widespread nature of it all....will be interesting to know if its just business as usual policy like others have mentioned or GEICO sees something others aren't seeing yet. The other wildcard is you have one of BRK investment managers running GEICO while at the same time you have to imagine Ajit Jain is aware of what's going on at GEICO and is ok with it?

Cod Liver Oil: That's crazy to have your insurance jump that much, WOW. I am surprised they are using the speeding ticket from over a year ago. Premiums usually renew every 6 months, so why didn't it jump earlier. One thing that might be at play is a push towards telematics given someone else enjoyed a meaningful drop in rates once they added the monitoring. I just don't like the idea of someone tracking my driving habits all of a sudden when for the meaninful past they did not. It also seems not a great way to gain compliance by jacking up rates and then throwing out a carrot that you might get some savings by implementing this. I appreciate you reaching out to him. I just don't get why they are all of a sudden driving away good policyholders. It would be different if they implemented this on a consistent basis with so called groups, but this is more like we don't want to write premium and we also don't want good risk. So far in this small sample size it probably is people with older cars, good driving habits and no recent claims history... adesigar: Thanks for sharing your long tenor with Costco. I didn't know they offered auto/home. Have you had any claims expereince with them, how were they to deal with versus other carriers you might have had experience with?

Gopinath thanks for sharing your experience as well. dealraker: Interesting, I assumed something was at play where we are subsidizing the cost of higher claims, but the magnitude of the delta in premium is what shocked me. If this type of tactic works then great for Geico i guess. I would have assumed the insurance business could target with more granularity given the quality of data analytics (like Snowflake) now. Roger: my data point is TX

I thought I saw a topic on car insurance renewals, but I was just surprised by the jump in our premium and wanted to vent a little. Our six month policy came up for renewal, we are long time Geico customers and our policy jumped 63%. I was shocked after it staying around the same amount for a long time. The last six month bumped up 10%, but this last one was a doozy. No accidents and only one car on the policy, my wife's 2000s Corolla. What was odd to me is that after lowering my limits on the Geico auto policy for renewal, it still came in 73% higher than the progressive quote. Hopefully Todd Combs knows what he's doing, but I was shocked by the discrepancy in premiums. I also was disappointed when I talked to the GEICO rep and she seemed to understand and seemed like it was a common thing for the premiums to jump so much. Maybe I am missing something but seems weird to drive away long term customers with such drastic premium jumps all of a sudden, but I am probably missing something.

Happy Holidays everyone!