Event summary:
Berkshire's mystery stock is Chubb.
It now owns 6.4% of it (25.9 million shares out of 406.06 million shares).
The stake is worth ~$6.6 bln.
Notes from https://www.barrons.com/amp/articles/berkshire-hathaway-mystery-stock-warren-buffett-fe2ac440
Berkshire
Bought 25.9 million shares of Chubb
Held about 8 million shares of Chubb at the end of Q3 2023
Held about 20 million shares of Chubb at the end of year 2023
operates the world’s largest P&C insurance business including auto insurer Geico
Buffett
Chubb (ticker: CB)
is trading at about 12 times projected 2024 earnings
is an industry leader
headed by CEO Evan Greenberg
is viewed as one of the best run big P&C insurers
has ample underwriting margins
is best known for its high-end Masterpiece homeowners insurance popular with wealthy Americans
Maurice “Hank” Greenberg
From https://ycharts.com/companies/CB/shares_outstanding