Purpose – This paper aims to illustrates the use of the modern Graham and Dodd valuation methodology as a corporate M&A tool by way of case study. Design/methodology/approach – The paper presents a case study of the 1995 Berkshire Hathaway acquisition of GEICO and draws on previously...

The property and casualty insurance industry has historically focused on the underwriting ratio as the primary measure of operating performance. Many dramatic changes have occurred in this industry and its operating environment over the past 30 years. These changes have dramatically decreased...

Purpose – The purpose of this paper is to introduce the concept of an Enterprise Risk Scorecard. Design/methodology/approach – With the accelerating growth in global risk levels leading to an intense current demand for risk management solutions, an analysis was conducted on whether a...

The property and casualty (P&C) insurance industry has historically focused on the underwriting or combined ratio as the primary measure of operating performance. Many dramatic changes have occurred in this industry and its operating environment over the past 30 years, which have reduced the...

Purpose – The purpose of this paper is to introduce the relative profitability and growth matrix and to demonstrate its use as a competitive analysis tool. Design/methodology/approach – Two well‐known drivers of value are profitability and growth. After a study of 2 × 2 matrices we...