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Berkshire Hathaway's re/insurance underwriting gain rises to $9bn in 2024 as firm pegs LA wildfire loss at $1.3bn

Summary by ReinsuranceNe.ws

Berkshire Hathaway, the Warren Buffett-run holding company and conglomerate, has reported a 66% year-on-year rise in net underwriting earnings for its insurance and reinsurance businesses in 2024 to $9.02 billion. 2024 was another strong year for Berkshire’s re/insurance operations as the underwriting performance of its Berkshire Hathaway Reinsurance Group and GEICO more than offset a decrease in the primary insurance segment. The improved under…

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ReinsuranceNe.ws

Berkshire Hathaway's re/insurance underwriting gain rises to $9bn in 2024 as firm pegs LA wildfire loss at $1.3bn

Berkshire Hathaway, the Warren Buffett-run holding company and conglomerate, has reported a 66% year-on-year rise in net underwriting earnings for its insurance and reinsurance businesses in 2024 to $9.02 billion. 2024 was another strong year for Berkshire’s re/insurance operations as the underwriting performance of its Berkshire Hathaway Reinsurance Group and GEICO more than offset a decrease in the primary insurance segment. The improved under…

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ReinsuranceNe.ws broke the news in 14 hours ago on Saturday, February 22, 2025.

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