Berkshire Hathaway’s primary insurance operations swung to a $689mn underwriting loss in Q3 from a $510mn profit a year ago, driven by an increase in claim liabilities for pre-2024 accident years of $789mn mostly from its subsidiary Guard.
Following
Berkshire’s primary unit swings to Q3 U/W loss on Guard reserve charges
The conglomerate expects pre-tax losses from Hurricane Milton of between $1.3bn-$1.5bn in Q4.