Berkshire’s primary unit swings to Q3 U/W loss on Guard reserve charges
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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.

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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.

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