Berkshire Hathaway’s Q2 P&C reinsurance combined ratio rose 2.9 points to 81.8%, even though the first half of the year saw no significant cat activity.
Comparatively,
Berkshire Q2 reinsurance CoR rises 2.9 points to 81.8% despite no cat activity
Geico more than tripled U/W profits due to higher average premiums per auto policy and lower claims frequency.