Insurance Companies are core part of Warren buffett's conglomerate Empire Berkshire hathaway. It is built on the concept of "float" the premiums collected from Insurance policyholders that can be invested before claims are paid out. Starting in 1967 with National Indemnity, Buffett acquired major insurers like GEICO and General Re, using this free capital to make significant long-term investments in companies like Coca-Cola, American Express, and Apple, ultimately creating a massive, compounding wealth-generating machine that provided financial flexibility and capital permanence.
In this video Buffett explains why he loves the Insurance business and How the insurance industries function.
💼 Special Thanks to Mr Warren Buffett
💼 Special Thanks to Mr Charlie munger
💼 Video Attribution : Original Source
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Runtime 00:11:49
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