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Tag: Auto Losses

Capital and Risk, Insurance

Berkshire: Negative Q3 Insurance Results Due to Catastrophe, Auto Losses

November 7, 2022

Via: Insurance Journal

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 […]