SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : Value Investing
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Paul Senior who wrote (10193)3/19/2000 2:32:00 AM
From: James Clarke  Read Replies (1) of 78523
 
<<With Allstate, you might not (won't?) get the cheapest auto rates, but you will be easily and conveniently able to keep all your insurance requirements with them.>>

I priced my Allstate auto policy against Geico, and even with the 8% shareholder discount Geico was not even close. I was surprised to say the least. State Farm, on the other hand, was 10% below Geico, which tells you why this is a bad business unless you are the low cost producer.

That said, I too like Allstate at anywhere close to 20. But there are so many similar ideas out there which I understand better than insurance. And owning Berkshire and Ambac, I really don't need more insurance stocks. (A buy rationale, not necessarily mine, for both Berkshire and Ambac was in Barrons today).
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News