Alleghany acquisition fueled Berkshire’s 2022 ‘float’ to $164bn: Buffett
  • X
  • LinkedIn
  • Show more sharing options
  • Copy Link URLCopied!
  • Print
  • X
  • LinkedIn
© 2024 Insider International Limited, company number 15236286, 4 Bouverie Street, London, EC4Y 8AX. Part of the Delinian Group. All rights reserved.

Accessibility | Terms of Use | Privacy Policy | Modern Slavery Statement

Alleghany acquisition fueled Berkshire’s 2022 ‘float’ to $164bn: Buffett

U.S.-OMAHA-BERKSHIRE HATHAWAY-ANNUAL SHAREHOLDERS MEETING
Photo: Wang Ying/Xinhua News Agency/PA Images

Berkshire Hathaway’s insurance “float” increased to $164bn in 2022 from $147bn a year earlier, aided by the takeover of Alleghany, Warren Buffett said in his annual letter to shareholders, adding that “these funds have a decent chance of being cost-free over time”.

“Though not recognized in our financial statements, this float has been an extraordinary asset for Berkshire,” Buffett added.

Berkshire’s float – the group’s invested capital derived from collected P&C insurance premiums – has increased 8,000-fold through acquisitions, operations and innovations...

Enter your e-mail to claim a free trial:

Uncover exclusive insights tailored for insurance leaders

    • Stay Informed: Access exclusive industry insights
    • Gain a competitive advantage: Hear first about tactical developments
    • Make better decisions: Understand market dynamics in crucial lines of business
Gift this article