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Berkshire Hathaway BRK.A Insurance And Other — Insurance Underwriting Expenses

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Other financials

Income statement

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Revenue$93.7B+4.4%
Net income$10.1B+120%
EPS (diluted)$4.68+120%

Balance sheet

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Total debt$6.3B+4.9%
Total equity$727.18B+11.1%
Total assets$1.25T+7.5%

Cash flow

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Operating cash flow$10.4B-4.3%
CapEx$5.0B+16.5%
Free cash flow$5.5B-17.7%

Valuation

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Market cap$1.13T+12.3%
P/E15.6×-0.4×
P/S+0.3×

Profitability

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Net margin19.3%-2.5pp
FCF margin6.4%

Returns & leverage

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Return on equity10.5%-2.7pp
Debt / equity0.0×

Where this comes from

Reported directly by Berkshire Hathaway in its filing.

Tagged under the XBRL concept brka:InsuranceUnderwritingExpenses.

The source filing: Berkshire Hathaway’s 10-Q, filed May 4, 2026.

Filed
May 4, 2026, 6:01 AM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001193125-26-202243
Line itemFirst Quarter / 2026First Quarter / 2025
Insurance and Other:
Insurance losses and loss adjustment expenses14,20414,646
Life, annuity and health insurance benefits1,0191,068
Insurance underwriting expenses4,5174,368
Cost of sales and services41,20738,551
Cost of leasing2,0271,887
Selling, general and administrative expenses6,5567,681
Interest expense324340

Item 1. Financial Statements

FAQ

What is Berkshire Hathaway's insurance and other — insurance underwriting expenses?
Berkshire Hathaway (BRK.A) reported insurance and other — insurance underwriting expenses of $4.52B in Q1 2026.
How has Berkshire Hathaway's insurance and other — insurance underwriting expenses changed year-over-year?
Berkshire Hathaway's insurance and other — insurance underwriting expenses increased by 3.4% year-over-year, from $4.37B to $4.52B.
What is the long-term trend for Berkshire Hathaway's insurance and other — insurance underwriting expenses?
Over 4 years (2021 to 2025), Berkshire Hathaway's insurance and other — insurance underwriting expenses has grown at a 9.0% compound annual growth rate (CAGR), from $12.56B to $17.76B.
What does insurance and other — insurance underwriting expenses mean?
Includes the operational costs directly associated with the underwriting process, such as commissions, premium taxes, and administrative costs of issuing policies. It measures the efficiency of the insurance segment's core business operations.

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