Berkshire Hathaway auto unit Geico sinks to $1.9bn 2022 underwriting loss

27-02-2023

Berkshire Hathaway auto unit Geico sinks to $1.9bn 2022 underwriting loss

Berkshire Hathaway’s retail auto insurer Geico ended 2022 with a massive $1.9 billion pre-tax underwriting loss in 2022, adding $456 million in losses in the fourth quarter alone with no visible improvement loss ratios despite finally showing rates rising at an accelerated pace.


Berkshire Hathaway, 2022 Underwriting loss, Tax, Rates, Insurance, Reinsurance, Underwriting, Claims, UK

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