Insight and Intelligence on the London & International Insurance Markets

20 April 2018

Search archive

Insurance operations shine despite ‘sub-par’ 2012 for Berkshire Hathaway

1 March 2013

Despite Sandy losses of $1.1bn before tax, Berkshire Hathaway's insurance operations "shot the lights out" in 2012 with a pre-tax underwriting gain of $1.6bn, according to Warren Buffett.

Buffett, chairman at the giant investment conglomerate, said that with the insurance business also providing $73bn of "free" money to invest, "this is truly having your cake and eating it too".

However, he said the company as a whole had turned in a "subpar" performance in 2012, as a book value per...

If you are a non-subscriber but would like to be able to view this article, then please go to our Publications page for further information on joining our readership


Euromoney Trading Limited - 3rd Floor, 41 Eastcheap, London, EC3M 1DT, United Kingdom. The content of this website is copyright of Euromoney Trading Limited 2018. All rights reserved Euromoney Trading Limited actively monitors usage of our website and products and reserves the right to terminate accounts if abuse occurs.