 |
|
 |
 |

Home > Company Index > Insurance > Property & Casualty Insurance > Wesco Financial Corporation
 |
Wesco Financial Corporation |
 |
 |
 |
PROFILE |
 |
Wesco Financial is the poor man's Berkshire Hathaway: Like Warren Buffett's Berkshire, it provides insurance (reinsurance through Wesco-Financial Insurance and bank insurance through Kansas Bankers Surety) but earns much of its money from investment activities. Chairman Charlie Munger, a confidant of Buffett's and a VC of Berkshire (which owns some 80% of Wesco) leads the company, which holds investments in many of the same firms as Berkshire Hathaway, including Coca-Cola and Gillette. The company has sold its stake in Freddie Mac. Other holdings include a steel and metal fabricator (Precision Steel), real estate (MS Property), and home and office furniture rental (CORT Business Services).
COMPETITION |
 |
Chubb Executive Risk (dossier)
Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft (MUV)
Swiss Reinsurance Company (RUKN)
|
 |
STOCK ANALYSIS |
 |
FURTHER ANALYSIS
Advanced Charting
Deals
FINANCIAL OVERVIEW |
 |
Fiscal Year-End: December
2000 Sales (mil.): 1,824.00
1-Yr. Sales Growth: 1,151.0%
Employees: 2,700
Revenue per employee: $675,555.56
KEY PEOPLE |
 |
Charles T. Munger
CEO
Jeffrey L. Jacobson
CFO
CONTACT INFO |
 |
301 E. Colorado Blvd., Ste. 300
Pasadena, CA 91101
US
Phone: 626-585-6700
Fax: 626-449-1455
|
 |
 |
 |
|
Hoover's Company Capsule
Copyright © 2001, Hoover's Inc. Austin, Texas.
For changes and updates, contact Hoover's directly.
|

|
 |
 |
|
 |