- Premium dropped mainly due to $7.4B non-recurring retroactive reinsurance agreement with Equities made in 07 and not in 08, exclude this non-recurring issue, revenue up 0.4% vs 3q07 instead of 8% drop.
- Its fixed maturity securities asset balance looks great, do not have any material impairment charge (like other bankers or insurers)
- Other than Goldman Sach & GE, in Oct, Warren purchased $4.4B of 11.45% sub-notes & $2.1B preferred stocks of Wrigley (M&M chocolate and Eclipse gum)
11.18.2008
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