Berkshire actually owns over 60 companies of which a handful is in the insurance sector. Geico is the most recognizable name among the bunch and helps significantly boost company profits. In addition Berkshire owns Applied Underwriters, Central States Indemnity Company, General Re, Medical Protective, National Indemnity Company and the United States Liability Insurance Group.
“Berkshire's insurance division generated nearly 49 percent of the company's earnings before taxes last year, and, perhaps more importantly, the insurance companies generates billions of dollars that Berkshire can borrow to invest.”
If you’re interested in owning a Class A share it’s going to cost you over $100,000. The investment is more than worth it considering since 1965 the compound annual rate is 21.4%! That is an astonishing return over such a long period of time.
