Berkshire Hathaway’s reinsurance unit reports $1.39bn profit for 2022
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Berkshire Hathaway’s reinsurance unit reports $1.39bn profit for 2022

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Berkshire Hathaway Reinsurance Group (BHRG) has reported a 2022 pre-tax underwriting profit of $1.39bn compared with a $930mn loss the year before.

The segment’s combined ratio improved 8.7 points to 86.4%, driven by net increases in new property business, higher rates and the inclusion of TransRe.

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