Berkshire Hathaway's Profits Drop 51.9% in Q2

The Berkshire Hathaway Group, which owns several carriers that write workers' compensation policies, reported a 51.9% drop in operating profits for its insurance business in the second quarter of 2015. The company's operating profits from its insurance business -- taken before taxes and noncontrolling interests -- were $3 billion, down from $6.3 billion during the second quarter of 2014. Net income was not available because Berkshire Hathaway aggregates pieces of its financial data for insurance with other segments of its business. Insurance revenue after taxes and noncontrollin...