Lower Claims, Pricing, Reinsurance Key to Berkshire’s Insurance
Berkshire Hathaway’s (BRK.B) Insurance segment saw subdued growth in the second half of 2017 on reinsurance losses, higher claims due to calamities, and subdued growth in pricing. In 2018, its number of claims fell sequentially, and its P&C (property and casualty) insurance (including auto) saw higher demand amid rising sales and growing consumer confidence.