Berkshire's Primary Insurance Group Boosts Underwriting Gain in Q2

Berkshire Hathaway has reported net income for the second quarter of $4.26 billion, a 15% decrease from net income of $5 billion in the same quarter last year. For the first half of the year, net income was $8.32 billion, down 21% from $10.6 billion in the first half of 2016. Berkshire Hathaway’s overall insurance operations posted a net underwriting loss of $22 million for the second quarter and a loss of $289 million for the first half of the year, compared to net underwriting gains of $337 million and $550 million for the respective prior-year periods. A $1 billion net underwriting ...