CA - My Top Insurance Picks In Early 2024

2024-01-30 07:58:42 ET

Summary

• Insurance companies are often overlooked by investors but have been successful for me over the years.
• My current insurance holdings are ranked by position size, with Trisura being the largest.
• Trisura, Progressive, Cigna, UnitedHealth, Fidelity National, American Financial Group, Legal & General, and F&G Annuities & Life are highlighted as promising insurance picks with unique qualities.

Long ago, Warren Buffett made me enthusiastic about the insurance industry and it has remained my biggest allocation. Insurance companies are not popular on SA except for Berkshire Hathaway ( BRK.A ) ( BRK.B ). They appear boring to many readers, one can hardly expect fireworks from them, and accounting is a must to understand an insurer. But they have worked quite well for me over many years.

The table below represents my current insurance holdings ranked in the order of position size. The table does not include my big holdings of BRK and Apollo ( APO ), both of which have giant insurance subsidiaries....

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