the Securities and Exchange Commission (SEC) website. He planned to sell back his shares for $11.50 each, but the term sheet showed $11.375. $200 stock price $62 earnings per share So, the stock was selling for a little over 3 times earnings. listed in the above table cannot be completely guaranteed as to their accuracy. The company is a direct reinsurer and is represented in all major reinsurance markets worldwide through a network of more than 40 offices and over 3,578 employees. It was early in 1967 that we made our entry into this industry through the purchase of National Indemnity Company and National Fire and Marine Insurance Company (sister companies) for approximately $8.6 million. Market value: about $627 billion as of April 28, 2021, based on reported shares outstanding. In … Its a strange story. Here are some facts about Buffett and Berkshire. Information, analytics and exclusive news on financial markets - delivered in an intuitive desktop and mobile interface. At the time of the last reporting, National Indemnity Co was the 10% Owner of Phillips 66. National Indemnity Company -- insurance financial strength at Aa1; Columbia Insurance Company - insurance financial strength at Aa1. Start a free trial now to save yourself time and money! Insider trading activities including stock purchases, stock sales, and option exercises Simply click the picture that most resembles your business and complete the requested information. REUTERS/Scott Morgan/File Photo. Independent (or “producing”) agents strive to understand and address their customers’ needs, often relying on the markets provided by general agents to place such business. Berkshire Hathaway Chairman Warren Buffett walks through the exhibit hall as shareholders gather to hear from the billionaire investor at Berkshire Hathaway Inc's annual shareholder meeting in Omaha, Nebraska, U.S., May 4, 2019. (stock ticker symbol PSX). They had three children: Susan, Howard and Peter. Company profile page for National Indemnity Co of Mid-America including stock price, company news, press releases, executives, board members, and contact information Here's how Buffett thought about the National Indemnity acquisition in 1967 (and has probably thought about all of Berkshire's insurance acquisitions since). Amazon.com Inc (AMZN.O) Chief Executive Jeff Bezos ranked first. (Shareholder letter, Feb. 27, 2021). Our Standards: The Thomson Reuters Trust Principles. The following table details the insider trading activities (stock purchases, stock sales, and stock option exercises) by National Indemnity Co since 2006. All quotes delayed a minimum of 15 minutes. Epic Games faces an uphill legal battle against Apple Inc (AAPL.O) in an antitrust trial starting Monday, and a defeat for the maker of "Fortnite" could make it harder for U.S. government regulators to pursue a similar case against the iPhone maker, legal experts said. In fact, Warren Buffett told shareholders in 2004 that if Berkshire hadn’t acquired National Indemnity, “Berkshire would be lucky to be worth half of what it is today.” Build the strongest argument relying on authoritative content, attorney-editor expertise, and industry defining technology. Commercial Auto. (Source: Douglas County, Nebraska). Famous Buffett quotation: "Lose money for the firm, and I will be understanding. Education: University of Nebraska-Lincoln, Columbia Business School. Stock price: $410,988 per Class A share as of April 28, 2021. Estimates that one-fourth of his caloric intake comes from Coca-Cola, a longtime Berkshire investment. How Buffett took charge: In 1965, Buffett was a shareholder in Berkshire, then a struggling New England textile company. His Berkshire stock will go to philanthropy after he dies. Price Change % Change Share Price High Price Low Price Open Price Shares Traded Last Trade -0.47-2.03%: 22.69: 23.40: 22.23: 23.24: 37,140,331: 01:00:00 Where The Market Was: The S&P 500 was trading at 87.34 and the Dow Jones Industrial Average was at 844.10. Other possible successors: Combs and Weschler may succeed Buffett as chief investment officer. Available for PC, iOS and Android. The company became a majority owner of Heinz on June 18, 2015, after exercising a warrant to acquire 46.2 million shares of common stock for a total price of $462 million increasing its stake to 52.5%. General Reinsurance Corporation is an American multinational property/casualty and life/health reinsurance company offering a range of reinsurance products and services. Get all latest share market news, live charts, analysis, ipo, stock/share tips, indices, equity, currency and commodity market, derivatives, finance, budget, mutual fund, bond and corporate announcements more on NSEindia.com. The five-bedroom, 2-1/2-bath home on 0.72 acres was assessed at $935,300 in 2021, down 12% from 2020. In fact, we haven't really faced anything that quite resembles this problem, but we faced tougher problems, and the American miracle, the American magic has always prevailed, and it will do so again." In that year their premium volume amounted to $22 million. 2. Warren Buffett's Berkshire Hathaway Inc (BRKa.N) will hold its annual meeting on May 1 in Los Angeles. The citizens of Omaha, our exhibiting subsidiaries and all of us at the home office can't wait to get you back for an honest-to-God annual meeting, Berkshire-style." Home: Buffett has lived since 1958 in the same house on a well-trafficked Omaha street, and does much of his work there. Fill out, securely sign, print or email your National Indemnity Truck Application - PIU Home instantly with SignNow. Analysis: In Apple versus Epic Games, courtroom battle is only half the fight, Apollo nears deal to buy Verizon's media assets - source, Intel will ‘focus’ less on buying back company stock -CEO, Asia off to slow start ahead of U.S. data deluge, Intel to invest $600 mln to expand chip, Mobileye R&D in Israel. The industry leader for online information for tax, accounting and finance professionals. Class B shares are worth about 1/1,500th as much. The trader's CIK number is 314943. One share of BRK.A stock can currently be purchased for approximately $410,152.93. What Else Was Going On In The World? (Shareholder letter, Feb. 27, 2021), Employees: 360,174, down from 391,539 a year earlier, Employees in main office: 26, including Buffett. (Source: Yahoo Finance), Buffett on resuming in-person annual meetings: "I hope and expect that will be in 2022. 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