Alleghany acquisition fueled Berkshire’s 2022 ‘float’ to $164bn: Buffett
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Alleghany acquisition fueled Berkshire’s 2022 ‘float’ to $164bn: Buffett

U.S.-OMAHA-BERKSHIRE HATHAWAY-ANNUAL SHAREHOLDERS MEETING
Photo: Wang Ying/Xinhua News Agency/PA Images

Berkshire Hathaway’s insurance “float” increased to $164bn in 2022 from $147bn a year earlier, aided by the takeover of Alleghany, Warren Buffett said in his annual letter to shareholders, adding that “these funds have a decent chance of being cost-free over time”.

“Though not recognized in our financial statements, this float has been an extraordinary asset for Berkshire,” Buffett added.

Berkshire’s float – the group’s invested capital derived from collected P&C insurance premiums – has increased 8,000-fold through acquisitions, operations and innovations...

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