The Real Warren Buffett by James O'Loughlin

The Real Warren Buffett by James O'Loughlin

Author:James O'Loughlin
Language: eng
Format: epub
Publisher: Quercus
Published: 2004-05-14T16:00:00+00:00


For some years I have told you that there could be a day coming when our premier financial strength would make a real difference in the competitive position of our insurance operation. That day may have arrived. We are almost without question the strongest property/casualty insurance operation in the country, with a capital position far superior to that of companies of much greater size.59

In the following year, Berkshire was still in the catbird seat and volumes were going through the roof:

In past reports, I have told you that Berkshire’s strong capital position—the best in the industry—should one day allow us to claim a distinct competitive advantage in the insurance market. With the tightening of the market, that day has arrived. Our premium volume more than tripled last year… Berkshire’s financial strength (and our record of maintaining unusual strength through thick and thin) is now a major asset for us in securing good business.60

Customers were beating a path to its door:



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