Warren Buffett’s Berkshire Hathaway insurance and reinsurance businesses lost money or gained less in underwriting in the second quarter and first six months of 2017 compared to last year while his railroad, manufacturing, energy and utilities businesses all reported increased earnings.
The insurance and reinsurance businesses combined generated after-tax losses from underwriting in the second quarter ($24 million) and first six months of 2017 ($289 million).
