National Indemnity Company is an

insurance Insurance is a means of protection from financial loss in which, in exchange for a fee, a party agrees to compensate another party in the event of a certain loss, damage, or injury. It is a form of risk management, primarily used to hedge ...

company based in Omaha,

Nebraska Nebraska () is a state in the Midwestern region of the United States. It is bordered by South Dakota to the north; Iowa to the east and Missouri to the southeast, both across the Missouri River; Kansas to the south; Colorado to the sout ...

United States The United States of America (U.S.A. or USA), commonly known as the United States (U.S. or US) or America, is a country primarily located in North America. It consists of 50 states, a federal district, five major unincorporated territori ...

, and founded in 1940 by Jack Dabney Ringwalt. It is a subsidiary of

Berkshire Hathaway Berkshire Hathaway Inc. () is an American multinational conglomerate holding company headquartered in Omaha, Nebraska, United States. Its main business and source of capital is insurance, from which it invests the float (the retained premiu ...

, which bought the company in 1967. It is Berkshire's oldest operating subsidiary. Between September 2019 and August 2020, Berkshire Hathaway purchased more than 5% of the outstanding stock of each of the five largest Japanese general trading companies, i.e.

Itochu is a Japanese corporation based in Umeda, Kita-ku, Osaka and Aoyama, Minato, Tokyo. It is one of the largest Japanese ''sogo shosha'' (general trading companies). Among Japanese trading companies, it is distinguished by not being descend ...

, Mitsubishi,

Mitsui is one of the largest ''keiretsu'' in Japan and one of the largest corporate groups in the world. The major companies of the group include Mitsui & Co. ( general trading company), Sumitomo Mitsui Banking Corporation, Nippon Paper Industries ...

, Sumitomo, and Marubeni, through its subsidiary National Indemnity Company. These stakes were worth a total of over $6 billion as of August 2020.

References

External links

Official homepage
Financial services companies established in 1940 Insurance companies of the United States Berkshire Hathaway Companies based in Omaha, Nebraska {{insurance-company-stub 1940 establishments in the United States 1940 establishments in Nebraska Financial services companies of the United States Companies established in 1940