HomeInsuranceBerkshire Hathaway declares billions in losses

Berkshire Hathaway declares billions in losses

According to the Omaha-based conglomerate, its net loss attributable to Berkshire shareholders amounted to US$43.8 billion in the quarter ended June 30, while the group’s attributable net loss in the first six months of the year totalled US$38.3 billion.

The losses represent a major blow compared to last year’s net earnings attributable to shareholders of US$28.1 billion and US$39.8 billion, respectively, for Q2 and H1.

Operating earnings, meanwhile, grew to US$9.3 billion in the quarter and to US$16.3 billion in the six-month span. Broken down into businesses, here’s how Berkshire’s operating results stacked up:


Q2 2022

Q2 2021

H1 2022

H1 2021

Insurance – underwriting

US$581 million


Read more at www.insurancebusinessmag.com

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