Berkshire Hathaway estimates $3.4bn Ian loss, Geico CoR worsens 4.7 points to 107.7% in Q3
  • X
  • LinkedIn
  • Show more sharing options
  • Print
  • X
  • LinkedIn

© 2024 Insider International Limited, company number 15236286, 4 Bouverie Street, London, EC4Y 8AX. Part of the Delinian Group. All rights reserved.


Accessibility | Terms of Use | Privacy Policy | Modern Slavery Statement

Berkshire Hathaway estimates $3.4bn Ian loss, Geico CoR worsens 4.7 points to 107.7% in Q3

Berkshire Hathaway logo Omaha v2.jpg

Berkshire Hathaway has recorded estimated pre-tax losses of $3.4bn from Hurricane Ian in the third quarter of 2022, compared to $2.2bn from Hurricane Ida and European floods in the third quarter of 2021.

In tandem, Geico's combined ratio increased 4.7 points to 107.7%, as the personal auto giant still grapples with increased claims severities driven by cost inflation in property and physical damage claims.

The

Request a free trial:

Fuel a smarter strategy with our actionable market intelligence

    • Gain a competitive edge and accelerate decision-making
    • Be empowered by insights that transform confusion to clarity
    • Uncover growth opportunities and prepare for potential threats
Gift this article