Berkshire Hathaway's Greg Abel Is Building on 1 of Warren Buffett's Best Investments With This $1.8 Billion Purchase
Berkshire Hathaway's CEO Greg Abel has made a $1.8 billion investment in Tokio Marine Holdings, building on one of Warren Buffett's best investments. The investment has already paid off, with shares of Tokio Marine up over 20% since the deal's announcement.
Berkshire Hathaway has invested $1.8 billion in Tokio Marine Holdings, a Japanese reinsurance business. The investment gives Berkshire a 2.5% equity stake in the company. Berkshire's subsidiary, National Indemnity Company, will also absorb some of Tokio Marine's risks through a quota share agreement. The investment has already paid off, with shares of Tokio Marine up over 20% since the deal's announcement. Tokio Marine has historically produced earnings growth above its competition and has strong international expansion plans. Berkshire will receive a dividend yield of about 1.77% on its investment.
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