Berkshire Hathaway reported an improvement in Q2 reinsurance underwriting profits on lower losses and expenses, bouncing back from the hit booked in Q1 driven by wildfire losses in California.
However,
Berkshire Q2 reinsurance CoR improves as Guard weighs on primary arm
The reinsurance CoR decreased 2.3 points to 79.5% while the primary CoR rose 4.7 points to 98.7%.