Berkshire’s Geico swings to ~$1bn Q3 U/W profit on lower losses and expenses
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Berkshire’s Geico swings to ~$1bn Q3 U/W profit on lower losses and expenses

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Berkshire Hathaway’s personal lines subsidiary Geico recorded an 18.4-point improvement in its Q3 combined ratio to 89.3%, driven by lower losses and expenses during the quarter.

The unit's loss ratio decreased 17 points to 80%, reflecting higher average premiums per auto policy, increased favorable reserve development and lower claims frequency, which were partially offset by higher severity.

Geico’s

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