What you need to know about Berkshire insurance investing struggles

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Warren Buffett is known for outstanding outcomes in this industry but current figures are sour. In the investing world, Berkshire insurance decisions have often been seen as the gold standard in terms of solid and reliable choices. However, the company’s operating earnings fell in Q2 2019, shocking many investors. Insurers owned by Berkshire saw a substantial plummet in underwriting income in that quarter. Berkshire insurance underwriting income fell by almost 63 percent during the second quarter. This brought it to $353 million. The firm’s reinsurance unit also drooped to a…

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Berkshire insurance and investments lead to 37 percent profit drop

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The slump in the industry has contributed to a reduction in the company’s revenues. According to a recent report from the company, the Berkshire insurance and investments situation in the second quarter of this year wasn’t necessarily something that would be causing investors to dance about with glee. During that quarter, the profits at Berkshire Hathaway Inc, under Warren Buffett, fell by 37 percent. Greatly to blame for the issues with profits was the Berkshire insurance arm, as there had already been a decline in the gains from investments, but…

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Berkshire insurance exec could one day replace Warren Buffett

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The billionaire CEO and chairman of the company said that he would support Ajit Jain if he should ever want the top spot. Back in 2011, at a Bengaluru news conference, Warren Buffet had said that he would be willing to support Berkshire insurance exec Ajit Jain, if he should ever wish to step up into the position of CEO and chairman. Speculation has recently been rising among the company’s investors, with regards to who will succeed Buffett. Warren Buffett, who is currently 84 years old, has yet to give…

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Berkshire Hathaway makes insurance news with license in Singapore

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The company has now won the permit that it needs to sell nonlife coverage within the country. In insurance news that represents a first for Berkshire Hathaway in terms of opening up shop in Asia for nonlife products, Warren Buffett’s conglomerate has now won a license to sell in Singapore, representing a first step that the company is taking in a broader expansion across that region. The license in the South East Asian country was awarded to Berkshire Hathaway Specialty Insurance. The company behind this insurance news provides a range…

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Insurance news from Berkshire reveals 51 percent profit increase

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The company has just released its profit statements for its investments within this industry. Berkshire Hathaway has just announced its latest insurance news, saying that its net income rose to reach $4.89 billion, which translates to $2,977 per share, in a statement that it has released. This is a massive increase over a year earlier at $3.25 billion, which was $1,966 per share. The company, based in Omaha, Nebraska, said that this insurance news also includes its $2,302 per share operating profit, which does not include some of its investment…

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