This Warren Buffett Deal a Year Ago Was a Coup for Berkshire Hathaway

Berkshire Hathaway’s

$11.6 billion deal for property and casualty insurer Alleghany a year ago was a coup for Warren Buffett.

Buffett, the 92-year-old CEO of Berkshire Hathaway (ticker: BRK.A, BRK.B), was able to buy the well-managed insurer for a reasonable 1.26 times book value and 12 times projected 2022 earnings.