Inflation pain pushes Berkshire’s Geico to 105% combined ratio
  • X
  • LinkedIn
  • Show more sharing options
  • Copy Link URLCopied!
  • Print
  • X
  • LinkedIn
© 2024 Insider International Limited, company number 15236286, 4 Bouverie Street, London, EC4Y 8AX. Part of the Delinian Group. All rights reserved.

Accessibility | Terms of Use | Privacy Policy | Modern Slavery Statement

Inflation pain pushes Berkshire’s Geico to 105% combined ratio

Berkshire Hathaway logo without bar.jpg

Berkshire Hathaway’s Geico swung to an underwriting loss in Q2 as its combined ratio rose 11.6 points to 105%, fueled by increased claims severity from the inflationary pressure that is hurting all personal auto writers.

Berkshire said that the increased price of used cars is driving severity on total losses up, while shortages of car parts are contributing to increased severity on partial losses.

Request a free trial:

Uncover exclusive insights tailored for insurance leaders

    • Stay Informed: Access exclusive industry insights
    • Gain a competitive advantage: Hear first about tactical developments
    • Make better decisions: Understand market dynamics in crucial lines of business
Gift this article