Berkshire Hathaway suffers $3.4b hit on Hurricane Ian for insurance loss

07-11-2022

Berkshire Hathaway suffers $3.4b hit on Hurricane Ian for insurance loss

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Berkshire Hathaway suffered $3.4 billion in pre-tax losses from Hurricane Ian in the third quarter of 2022, part of a 2.6x increase in underwriting losses, but escaped the noose in P&C reinsurance where premium and prior-year adjustments delivered a fractional underwriting gain.


Insurance, Reinsurance, Berkshire Hathaway, Natural Catastrophe, Hurricane Ian, Quarterly Earnings, US, Global

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