Insurance And Other — Insurance Underwriting Expenses
Berkshire Hathaway Insurance And Other — Insurance Underwriting Expenses decreased by 0.6% to $4.43B in Q3 2025 compared to the prior quarter. Year-over-year, this metric declined by 10.2%, from $4.93B to $4.43B. Over 3 years (FY 2021 to FY 2024), Insurance And Other — Insurance Underwriting Expenses shows an upward trend with a 10.2% CAGR. This is a positive signal — lower values indicate better performance for this metric.
Analysis
How to read this metric
Lower underwriting expenses relative to premiums indicate higher operational efficiency in the insurance business.
Detailed definition
Includes the operational costs directly associated with the underwriting process, such as commissions, premium taxes, an...
Peer comparison
Standard 'Underwriting Expense' metric used across the insurance industry to calculate the combined ratio.
brk_a_segment_insurance_and_other_insurance_underwriting_expensesHistorical Data
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $3.07B | $3.24B | $3.25B | $2.77B | $2.46B | $2.51B | $4.21B | $3.59B | $3.73B | $3.50B | $4.46B | $3.75B | $4.05B | $4.93B | $4.08B | $4.37B | $4.46B | $4.43B |
| QoQ Change | — | +5.7% | +0.4% | -14.9% | -11.1% | +1.8% | +67.9% | -14.8% | +4.0% | -6.2% | +27.5% | -15.8% | +7.8% | +21.9% | -17.4% | +7.2% | +2.0% | -0.6% |
| YoY Change | — | — | — | — | -19.7% | -22.6% | +29.4% | +29.6% | +51.5% | +39.5% | +5.9% | +4.6% | +8.5% | +41.1% | -8.6% | +16.4% | +10.1% | -10.2% |
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Frequently Asked Questions
- What is Berkshire Hathaway's insurance and other — insurance underwriting expenses?
- Berkshire Hathaway (BRK.A) reported insurance and other — insurance underwriting expenses of $4.43B in Q3 2025.
- How has Berkshire Hathaway's insurance and other — insurance underwriting expenses changed year-over-year?
- Berkshire Hathaway's insurance and other — insurance underwriting expenses decreased by 10.2% year-over-year, from $4.93B to $4.43B.
- What is the long-term trend for Berkshire Hathaway's insurance and other — insurance underwriting expenses?
- Over 3 years (2021 to 2024), Berkshire Hathaway's insurance and other — insurance underwriting expenses has grown at a 10.2% compound annual growth rate (CAGR), from $12.57B to $16.81B.
- What does insurance and other — insurance underwriting expenses mean?
- The administrative and operational costs incurred to write and manage insurance policies.