National Indemnity Company

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National Indemnity Company
IndustryInsurance
Founded1940; 81 years ago (1940)
FounderJack Dabney Ringwalt
HeadquartersOmaha, Nebraska, United States
OwnerBerkshire Hathaway
Websitewww.nationalindemnity.com

National Indemnity Company is an insurance company based in Omaha, Nebraska, United States, and founded in 1940 by Jack Dabney Ringwalt. It is a subsidiary of Berkshire Hathaway, which bought the company in 1967. It is Berkshire's oldest operating subsidiary.[1]

Between September 2019 and August 2020, Berkshire Hathaway purchased more than 5% of the outstanding stock of each of the five largest Japanese general trading companies, i.e. Itochu, Mitsubishi, Mitsui, Sumitomo, and Marubeni, through its subsidiary National Indemnity Company. These stakes were worth a total of over $6 billion as of August 2020.[2]

References

  1. ^ Gelles, David (2015-02-28). "After 50 Years, Oracle of Omaha Looks Back on Less Prescient Moves". The New York Times. ISSN 0362-4331. Retrieved 2015-03-01.
  2. ^ "Warren Buffett takes 5% stake in 5 Japanese trading companies". Nikkei Asian Review. 2020-08-31. Retrieved 2020-08-31.

External links


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