Berkshire Hathaway posts $23mn P&C reinsurance profit despite $1.9bn cat hit
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Berkshire Hathaway posts $23mn P&C reinsurance profit despite $1.9bn cat hit

Samuel Casey
07 November 2022
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Berkshire Hathaway’s P&C reinsurance unit posted a pre-tax underwriting profit of $23mn in the third quarter, rebounding from a $247mn loss in the prior-year period.

The unit reported profits despite incurring a $1.9bn loss from catastrophe events in Q3, primarily relating to Hurricane Ian, compared with $1.5bn

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Berkshire Hathaway Results News
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Samuel Casey
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