Berkshire Hathaway Q2 Reinsurance Profits Improve While Primary Insurance Faces Challenges
Berkshire Hathaway's Q2 results show an improvement in reinsurance underwriting profits, driven by lower loss rates and reduced expenses compared to Q1. This recovery follows a challenging first quarter impacted by wildfire losses specifically in California. However, performance in Berkshire's primary insurance segment was negatively affected, largely due to underwriting results related to Guard.