Berkshire Hathaway’s insurance business recorded an after-tax underwriting loss of $962 million (a pre-tax loss of $1.15 billion) in the third quarter, a decrease of $178 million from 2021, as catastrophe losses and increases in private-passenger auto frequency offset underlying results.
Overall, Warren Buffett’s conglomerate on Saturday posted a $2.69 billion third-quarter loss compared to a net income of over $10 billion during the same time in 2021.
