Berkshire’s Geico swings to Q2 underwriting profit despite personal lines challenges
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Berkshire’s Geico swings to Q2 underwriting profit despite personal lines challenges

Jairo Ibarra
August 05, 2023
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Berkshire Hathaway’s subsidiary Geico posted improved Q2 underwriting results in spite of the continued pressures affecting personal lines insurers over the last months.

Geico’s combined ratio decreased 10.3 points to 94.7%, fueled by higher average premiums per auto policy, a reduction in advertising costs and favorable reserve development.

The

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NewsResultsBerkshire HathawayEarnings
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Jairo Ibarra
Senior Reporter
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