Buffett's bid for GEICO sparks P&C stock jamboree.(Warren Buffett, property and casualty insurance stocks)(Month in Insurance Stocks)(Column)

National Underwriter Life & Health-Financial Services Edition, September, 1995 by Meakin, Thomas K.

Warren Buffett's $2.3 billion bid for 49% more of GEICO has boosted the price of that company's stock and sparked interest in insurance stocks across the board. The month of August, 1995 was a good one to hold insurance stocks, especially for property and casualty (P&C) companies. The list of 53 P&C companies followed by Thomas Meakin included 45 with stock price increases for the month. There were only 6 losers, and the whole group's average increase was 7%.

Thank you, Warren Buffett!

Your publicly traded domain, Berkshire Hathaway, helped turn August into a banner month for Property & Casualty stocks! You did that with a $2.3 billion bid for the 49 percent of direct writer GEICO, that your vastly successful holding company doesn't already own.

It works out...

Read the rest of this article with a Free Trial at HighBeam Research.

Premium Content Partnership | HighBeam Research provides an in-depth online archive library of reference works.