While Berkshire Hathaway's insurance business is just one part of a large conglomerate today, it's still an important profit driver for the group. What's more, due to the nature of the insurance business, its fortunes have a magnified impact on the rest of the operation.
Therefore, it's worth watching this valuable part of the enterprise.
Buffett Moves Berkshire Into Insurance
Warren Buffett made his first investment in the insurance industry in 1967 when he purchased the National Indemnity Company for Berkshire Hathaway.
At the time, Berkshire was a struggling textile manufacturer, and the young investor was looking for ways to diversify the business and achieve a better return on its capital.
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