Ep 397. The Financial History of GEICO with Capital Allocation Author, Jacob McDonough
Focused Compounding
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Progressive's Leverage in the Insurance Industry
During this period national indemnity, you know could have gone bankrupt if they never got acquired by bircher in this period If they were levered just as much and we can tell they went through struggles They had a really bad combined ratio during this period. progressive is someone today who is looks a little bit more Uh, maybe not quite as levered as gyco.
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