Berkshire swings to $2.42bn Q3 UW profit on lower cat losses and Geico bouncing back

Berkshire Hathaway’s insurance underwriting operating earnings swung to $2.42bn in the third quarter from a $1.07bn underwriting loss in the prior period, as the Warren Buffett-led conglomerate benefited from lower catastrophe losses in its primary and reinsurance operations and Geico’s combined ratio improving 18.4 points to 89.3 percent.