Discontinued — last reported Q4 '25

Products & Services · Total Costs & Expenses

Underwriting — Total Costs & Expenses

Berkshire Hathaway Underwriting — Total Costs & Expenses remained flat by 0.0% to $19.86B in Q4 2025 compared to the prior quarter. Year-over-year, this metric grew by 3.4%, from $19.21B to $19.86B. Over 2 years (FY 2023 to FY 2025), Underwriting — Total Costs & Expenses shows relatively stable performance with a 1.9% CAGR. This is a positive signal — lower values indicate better performance for this metric.

Analysis

StatementSegment
CategoryEfficiency
SignalLower is better
VolatilityStable
First reportedQ1 2023
Last reportedQ4 2025Mar 2, 2026

How to read this metric

Lower costs relative to revenue indicate higher operational efficiency, while rising costs may signal inflationary pressures or increased administrative complexity.

Detailed definition

Encompasses the total operating costs required to run the insurance segment, including underwriting expenses, administra...

Peer comparison

Comparable to 'Underwriting and Administrative Expenses' or 'Operating Expenses' for insurance firms.

Metric ID: brk_a_segment_underwriting_costs_and_expenses

Historical Data

3 years
 FY'23FY'24FY'25
Value$76.49B$76.85B$79.44B
YoY Change+0.5%+3.4%
Range$76.49B$79.44B
CAGR+1.9%
Avg YoY Growth+1.9%
Median YoY Growth+1.9%
Current Streak2+ years growth

Frequently Asked Questions

What is Berkshire Hathaway's underwriting — total costs & expenses?
Berkshire Hathaway (BRK.A) reported underwriting — total costs & expenses of $19.86B in Q4 2025.
How has Berkshire Hathaway's underwriting — total costs & expenses changed year-over-year?
Berkshire Hathaway's underwriting — total costs & expenses increased by 3.4% year-over-year, from $19.21B to $19.86B.
What is the long-term trend for Berkshire Hathaway's underwriting — total costs & expenses?
Over 2 years (2023 to 2025), Berkshire Hathaway's underwriting — total costs & expenses has grown at a 1.9% compound annual growth rate (CAGR), from $76.49B to $79.44B.
What does underwriting — total costs & expenses mean?
The total operating expenses incurred to manage and support the insurance business.