Berkshire Hathaway

Thanks to the Equitas deal Berkshire’s net earned premiums from its insurance and reinsurance activities jumped by 33% to $31.8bn in 2007. This enabled Berkshire’s total revenue from (re)insurance to rise by 29% to $36.6bn in 2007

Berkshire Hathaway’s insurance and reinsurance underwriting profit fell by US$464mn, or 12%, last year to $3.37bn. General Re was the only segment of Berkshire’s (re)insurance operations to record a rise in profitably in 2007 but this increase was not enough to offset lower underwriting gains at Berkshire’s primary auto insurer GEICO and Berkshire Hathaway Reinsurance Group.