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Old 02-24-2024, 06:57 PM
 
78,664 posts, read 60,867,104 times
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Quote:
Originally Posted by dave w View Post
Geico, the auto insurer considered Buffett’s “favorite child,” reported a profitable year, with net underwriting earnings of $5.428 billion in 2023. The improved earnings was driven by premium rate increases and lower claims last year.

Maybe we should buy Berkshire Hathaway stock to offset the high premiums on insurance oh wait 629,000 thousand dollars a share. never mind. Cooperate greed, shameful.
Total dollars for a very large company doesn't tell us anything.

What was the profit margin?
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Old 02-25-2024, 08:27 AM
 
Location: Summerfield FL
522 posts, read 875,744 times
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Quote:
Originally Posted by Mathguy View Post
Total dollars for a very large company doesn't tell us anything.

What was the profit margin?
The way I understand the 5.5 billion is total profit after EBITDA,
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