American International Group Inc (AIG), MBIA Inc. (MBI): Who Is Bruce Berkowitz? Here’s His Biggest Insurance Bets

A new buy for Berkowitz this quarter was 898,800 shares in life and mortgage insurer Genworth Financial Inc (NYSE:GNW), creating a position worth about $8.9 million as of March 31, 2013. Berkowitz’s move may have been in anticipation impressive earnings performance of the company during the quarter, with the recent earnings report for 2013 first quarter announcing that Genworth Financial Inc (NYSE:GNW)’s net income doubled to over $103 million.

Rounding out our insurance-oriented five is Assured Guaranty Ltd. (NYSE:AGO). Fairholme had a small holding of 51,700 shares worth just over $1.065 million as of March 31, 2013; a similar amount was held at the end of the prior quarter. The company recently made two moves enhancing its attractiveness to investors. First, it declared a $0.10 per share quarterly dividend, which gives the stock an annual yield of about 1.7%. Secondly, it restored the company’s share repurchase program.

While this is just a snapshot of one segment of this mega-investor’s equity portfolio, it can go a bit further in answering the question: “who is Bruce Berkowitz.”

Disclosure: none