Buffett, American International Group Inc (AIG) & Berkshire Hathaway Inc. (BRK.B) Investors

Luckily for Berkshire Hathaway Inc. (NYSE:BRK.B) investors, making decisions with a long-term focus is nothing new at the company, so time isn’t exactly a concern. Remember, it took Berkshire Hathaway Inc. (NYSE:BRK.B) a full 18 years to grow GEICO’s share of the personal-auto insurance market from 2.5% in 1995 to 9.7% at the end of 2012. Even better, GEICO’s premiums increased during that period from $2.8 billion to $16.7 billion.

Foolish final thoughts
What’s more, it sounds like the new execs have happily climbed on board with Berkshire Hathaway Inc. (NYSE:BRK.B)’s philosophy; Eastwood later went on to elaborate, “We start with a clean slate, with the objective of building a large, diverse, profitable commercial property-casualty insurance business with a long-term focus.”

When the rubber hits the road, I’m convinced nobody could ask for a better place to do so than with the company Buffett built. As Buffett himself wrote in his most recent shareholder letter, “Insurance, moreover, will always be essential for both businesses and individuals — and no company brings greater resources to that arena than Berkshire.”

The article What Do Buffett’s 4 New AIG Hires Mean for Berkshire Investors? originally appeared on Fool.com and is written by Steve Symington.

Fool contributor Steve Symington has no position in any stocks mentioned. The Motley Fool recommends American International Group and Berkshire Hathaway. The Motley Fool owns shares of American International Group and Berkshire Hathaway and has the following options: Long Jan 2014 $25 Calls on American International Group.

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