A Closer Look at Berkshire Hathaway’s Insurance Operations

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“And all of this began with our 1967 purchase of National Indemnity for $8.6 million,” Buffett wrote…..“Last year, our premier position in reinsurance was reaffirmed by our writing a policy carrying a $3 billion single premium”

“How much is the premium did you say Warren, $3,000,000,000 for a single policy? 

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