UW profits at Berkshire Hathaway dwarfed by $55bn investment losses

Warren Buffett – Berkshire Hathaway

Relatively stable first quarter net underwriting earnings of $363mn (Q1 2019: $389mn) at Berkshire Hathaway’s (re)insurance operations that included a $230mn Covid-19 charge were overshadowed by huge group-level unrealized investment losses of $54.5bn that led to a $49.7bn net loss.

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