Berkshire’s $911mn Q1 UW gain propelled by Geico’s shift to $703mn UW profit

Published: Sun 5 May 2024

Berkshire Hathaway’s underwriting profit climbed to $911mn in the first quarter - from $167mn a year ago - propelled by auto insurer Geico’s dramatic swing to a $703mn gain after having a $178mn underwriting loss a year ago.