Berkshire Hathaway Insurance And Other — Insurance Underwriting Expenses increased by 0.4% to $4.52B in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 3.4%, from $4.37B to $4.52B. Over 4 years (FY 2021 to FY 2025), Insurance And Other — Insurance Underwriting Expenses shows an upward trend with a 9.0% CAGR. This increase may warrant attention — for this metric, lower values are generally preferred.
Lower underwriting expenses relative to premiums indicate higher operational efficiency in the insurance business.
Includes the operational costs directly associated with the underwriting process, such as commissions, premium taxes, an...
Standard 'Underwriting Expense' metric used across the insurance industry to calculate the combined ratio.
brk_a_segment_insurance_and_other_insurance_underwriting_expenses| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $3.07B | $3.24B | $3.24B | $2.77B | $2.46B | $2.61B | $3.97B | $3.59B | $3.73B | $3.50B | $4.46B | $3.75B | $4.05B | $4.93B | $4.08B | $4.37B | $4.46B | $4.43B | $4.50B | $4.52B |
| QoQ Change | — | +5.7% | +0.1% | -14.6% | -11.1% | +6.2% | +52.0% | -9.7% | +4.0% | -6.2% | +27.5% | -15.8% | +7.8% | +21.9% | -17.4% | +7.2% | +2.0% | -0.6% | +1.6% | +0.4% |
| YoY Change | — | — | — | — | -19.7% | -19.3% | +22.6% | +29.6% | +51.5% | +33.8% | +12.2% | +4.6% | +8.5% | +41.1% | -8.6% | +16.4% | +10.1% | -10.2% | +10.5% | +3.4% |