gfp

No, I don't think their TTM results are sustainable. They aren't targeting results that good. I think both GEICO and PGR target something around 96 cr. There were actually quite a few things contributing to above normal earnings out of Berkshire last year and I think the market has gotten a little ahead of itself projecting that level of earnings forward. GEICO was over-earning by a ton Peak rates on t-bills (will be offset by increasing balance but decreasing div. income elsewhere) large FX gains unlikely to recur, could reverse

She has been the 'lead independent director' since 2021. She served on the Costco board for many years with Charlie and she has been on BRK's board for a long time now. She is considered a financial / audit expert and worked as a securities analyst for several years before her time at yahoo. She never worked for Berkshire and doesn't earn much as a director there (although she is a dreaded "serial BoD member"). I don't know if she is a good director or what her net worth is but Warren and Charlie seem to like her and trust her. Seems like some rule or guideline persuaded them to appoint a "lead independent director" in 2021. Before that they just left it out. I had remembered Gates as lead independent director but it doesn't look like he was.

Brk proxy https://www.sec.gov/ix?doc=/Archives/edgar/data/1067983/000119312525054877/d812428ddef14a.htm ron Olson ages out! Any Director who controls a 5% or greater voting interest in the Company will be eligible to be reelected after his or her 80th birthday. Accordingly, Mr. Ronald Olson who is 83 and has been a Berkshire Director since 1997 is not eligible to stand for reelection.

It was only a small team that works on Berkshire's corporate bond offerings. I don't think they have changed law firms for their M&A business. Although any subsidiary can work with any law firm they choose.

Can you copy and paste the text here please? I can only read the first paragraph

Market crash!

Apparently these people knew about deal rumors and put it online back on March 3rd - https://chicagoagentmagazine.com/2025/03/03/lonely-hearts-club/

Not really the legal regulatory climate BHE has faced but the legal / regulatory climate the realtors have faced. It's been the realtor business's version of wild fire liability. Start on page 103 -> https://www.sec.gov/ix?doc=/Archives/edgar/data/0001081316/000108131625000004/bhe-20241231.htm

Who knows but I doubt that it has anything to do with that team from MTO that went over to Baker McKenzie. If the story is true, the subsidiary was probably shopped with an investment bank and a bunch of people aware of the process. Just not a usual position for Berkshire to be the seller shopping a company for sale. At least there isn't a security to go nuts and mess with the deal. ** plus everyone in Des Moines knows that Greg talks in his sleep when he nods off at hockey games

It will be interesting if one of the big changes in the Greg Abel era is Berkshire selling some companies. So far they have sold Applied Underwriters (likely an Ajit decision) and maybe possibly HomeServices (likely a Greg decision). I would be surprised if any deal allowed the brokerages to continue using the Berkshire Hathaway brand name. Also rare to have a potential Berkshire deal leak to the press before being announced.

Great color on the approval. Just so I have this clear, this new reinsurance entity is capitalized initially with the equivalent of about $24-25 million US Dollars?

Seems like this is independent of Digit (both the public and private versions) and backed by Kamesh Goyal and Fairfax through separate vehicles. FAL (Fairfax) will be the majority owner.

You've gotta love the investing press... .....to...

It seems like out of all the supposed "trump trades" on that old thread - Natural Gas going up in price is the only one that really worked.

horizontal !??!!! Always vertical!

I got a request for these National Indemnity and General Reinsurance NAIC filings for year-end 2024 so I'm going to post them here so anyone can download them. Nat Ind INV 20087.2024.P.AN.PI.O.M.4871081.pdfGenRe with Investments 22039.2024.P.AN.PI.O.M.4882999.pdfNat Ind non-Investments 20087.2024.P.AN.PO.O.M.4871083.pdfGenRe non-Inv 22039.2024.P.AN.PO.O.M.4883001.pdf (the first two files are the ones that list investments)

My understanding is that Fairfax mother ship (FFH) has about a 29.5% look-through ownership interest in BIAL currently. This does not factor in any shares sold in an IPO but does factor in the 11.5% of Anchorage they have apparently already sold to OMERS. So your 7-15% bv bump still sounds high Fairfax Financial owns 42.7% of Fairfax India, Fairfax India economically owns 68.99% of BIAL (Controls 74%)

That sounds high. Fairfax (FFH) book value is $23 Billion. 10-20% would suggest a write-up of $2.3 Billion to $4.6 Billion on their portion of Fairfax India alone.

I bought all day and ended up with an average buy price of $1362.72 USD per share at IB. Was buying through fidelity also but too lazy to figure the average. Probably similar. Certainly nothing in the weekend's reports made me less bullish. I have a lot of cash since december and put some more of that into Fairfax.

We did it everybody - it's a bull market again. risk ON!

right - that's not what I was saying. But the GDPNow estimates were effected by both gold imports and an abrupt reversal in tariff front-running and it caused a big swing.

wabuffo was all over that on twitter. GDPNow is definitely not used to dealing with the data noise from tariff front-running boom followed by recessionary freeze and it will bounce around a lot more than usual. The economy is going to slow - that shouldn't be a surprise to anyone.

better than some swampland in the redneck riviera amirite? or some blackberry-owning macro-obsessed insurance outfit

I'm a wild man - I bought some bitcoin at $78,357.73 I'm gonna be riiiiccchhh!