Warren Buffett’s magic touch has gone on vacation for a spell. Berkshire Hathaway’s second quarter operating profit fell 18 percent. Much of the loss is attributed to deteriorating underwriting in its insurance operations, including GEICO and reinsurers General Re and National Indemnity. Second-quarter operating profit fell to $245 million, or $161 per share, from $299 million, or $197 per share.
Was this article valuable?
Here are more articles you may enjoy.
Brown & Brown Wins Temporary Injunction Against Howden 
Most Are Overcharged for Property Insurance, Vanderbilt Study Says 
Travelers: Aging Workforce, New Employees Drive Complexity in Injury Claims 
Florida Governor Signs Bill Dropping Building Permits for Work Valued at $7,500 or Less From This Issue
