Berkshire Hathaway reinsurance reports significant losses driven by $230m COVID-19 charge


Warren Buffett's Berkshire Hathaway suffered a staggering unrealised investment loss of $55.5 billion for the first quarter of 2020, leading to a total net loss of $49.7 billion. The insurance underwriting results for the quarter were negatively affected by estimated losses and costs associated with the COVID-19 pandemic.

Berkshire Hathaway, Coronvirus, Q1, 2020 Results, Insurance, Reinsurance, North America

Intelligent Insurer