Berkshire Hathaway's reinsurance P&C segment increased its underwriting profits by over 60% to $3.5bn in 2023 as the unit’s CY cat losses declined to $900mn from $2bn the prior year.
Excluding
Berkshire reinsurance unit's underwriting profits hit $3.5bn in 2023
Excluding TransRe, the group’s losses declined by $509mn last year.