Berkshire’s UW profits surge to $3.3bn as Geico’s gain more than doubles to $1.9bn

Published: Tue 7 May 2024

Berkshire Hathaway’s underwriting profits almost tripled to $3.3bn in the first quarter driven by huge pick ups in its primary insurance and reinsurance groups, and most significantly powered by Geico, where underwriting profits more than doubled to $1.9bn.