Berkshire Hathaway posts $3.4bn Ian loss as it falls to 3Q $962mn UW deficit

Berkshire Hathaway Q3 results

Berkshire Hathaway’s (re)insurance operations reported a $962mn third quarter underwriting loss – widening from $784mn last year – as the deficit at Geico more than doubled and Berkshire’s P&C (re)insurance operations absorbed $3.4bn in Hurricane Ian losses in total.

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