Berkshire Hathaway Letters to Shareholders, 2013 by Warren Buffett

Author:Warren Buffett [Buffett, Warren]
Language: eng
Format: mobi
Publisher: Max Olson
Published: 2014-04-19T14:00:00+00:00

(1)

Underwriting

Loss

(2)

Average Float

Approximate

Cost of Funds

Yearend Yield

on Long-Term

Govt. Bonds

(In $ Millions)

(Ratio of 1 to 2)

1967

profit

$17.3

less than zero

5.50%

1968

profit

19.9

less than zero

5.90%

1969

profit

23.4

less than zero

6.79%

1970

$ 0.37

32.4

1.14%

6.25%

1971

profit

52.5

less than zero

5.81%

1972

profit

69.5

less than zero

5.82%

1973

profit

73.3

less than zero

7.27%

1974

7.36

79.1

9.30%

8.13%

1975

11.35

87.6

12.96%

8.03%

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