Inflation pain pushes Berkshire’s Geico to 105% combined ratio
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Inflation pain pushes Berkshire’s Geico to 105% combined ratio

Jairo Ibarra
August 06, 2022
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Berkshire Hathaway’s Geico swung to an underwriting loss in Q2 as its combined ratio rose 11.6 points to 105%, fueled by increased claims severity from the inflationary pressure that is hurting all personal auto writers.

Berkshire said that the increased price of used cars is driving severity on total losses up, while shortages of car parts are contributing to increased severity on partial losses.

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NewsResultsBerkshire HathawayEarnings
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Jairo Ibarra
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