OLDWICK, N.J., September 29, 2023--AM Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating of "a+" (Excellent) of AMEX Assurance Company (AMEX Assurance) (Itasca, IL). The outlook of these Credit Ratings (ratings) is stable. AMEX Assurance is a wholly owned subsidiary of American Express Company (American Express) [NYSE: AXP].
Eight predominantly brand-name, time-tested stocks account for $288.5 billion of Warren Buffett's nearly $347 billion investment portfolio.
Many people would wholeheartedly agree that Warren Buffett is one of the greatest capital allocators ever. In fact, I've identified three no-brainer Warren Buffett stocks investors should consider buying right now. Although Amazon (NASDAQ: AMZN) is by far the largest company on this list, it constitutes less than half a percent of Berkshire Hathaway's entire portfolio.