AUDIENCE MEMBER: David Winters, Mountain Lakes, New Jersey. Could you give us a few hints about the incremental value of Gen Re’s float under the Berkshire Hathaway umbrella and the potential for the growth of Gen Re’s float over the long term? WARREN BUFFETT: Yeah. Gen Re’s float, which is now available to Berkshire — it’s a hundred percent-owned subsidiary, although part of that float is attributable to Cologne, which is only an 83 percent-owned subsidiary of Gen Re and also Berkshire.
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1999: What's the incremental value of Gen…
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AUDIENCE MEMBER: David Winters, Mountain Lakes, New Jersey. Could you give us a few hints about the incremental value of Gen Re’s float under the Berkshire Hathaway umbrella and the potential for the growth of Gen Re’s float over the long term? WARREN BUFFETT: Yeah. Gen Re’s float, which is now available to Berkshire — it’s a hundred percent-owned subsidiary, although part of that float is attributable to Cologne, which is only an 83 percent-owned subsidiary of Gen Re and also Berkshire.