Company

National Indemnity

Insurance / Reinsurance•First mentioned: 1967•28 letter mentions

Investment Timeline

1967Foundational acquisition

“We entered the insurance business in 1967 with the purchase of National Indemnity Company for $8.6 million...”

Letters Mentioning National Indemnity

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The Final Partnership Letter - 1967

The last partnership letter. Buffett discussed the acquisition of National Indemnity (entering the insurance business), the diversification beyond Graham's strict criteria, and his evolving philosophy on risk and return.