Berkshire Hathaway expects Milton loss of $1.3bn-$1.5bn after Q3 UW profits drop 69%
Pre-tax underwriting profits at Geico almost doubled to $2.03bn in Q3, but overall net underwriting profits generated by Berkshire Hathaway’s (re)insurance operations dropped 69 percent to $750mn as it reported underwriting losses at its primary and reinsurance groups.
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