Berkshire Hathaway said that it lost 12.8 billion dollars (£10.3 billion) in the quarter. By that measure, Berkshire said its operating profit jumped nearly 41% to 10.8 billion dollars (£8.7 billion). That is up from 7.65 billion dollars (£6.2 billion) a year ago. Altogether, Berkshire’s insurers contributed 2.4 billion dollars (£1.9 billion) to its operating profit. A year ago, the insurers reported a 1.1 billion dollar (£888 million) loss in the third quarter.

Source: The Times November 04, 2023 15:27 UTC