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Stocks A to Z / Stocks B / Berkshire Hathaway (BRK.A) ❤
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Author: Uwharrie ✶⎊  😊 😞
Number: of 12536 
Subject: Re: GEICO
Date: 02/27/2023 2:32 PM
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Over the years Buffett has frequently said he is ok with Berkshire's insurance staff sitting on their hands and letting business go to other competitors during times when competitive pricing points to a poor combined ratio.

https://www.wallstreetmojo.com/combined-ratio/#:~:....

Methinks this is what has been allowed to happen with Geico during the past two years. As I recall, Buffett made mention in the 2020 or 2021 annual meeting about how auto insurance claims were adversely accelerating. No need to write insurance if it is going to result in a later profit loss to Berkshire.

Uwharrie
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