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Berkshire Hathaway BRK.A Insurance And Other — Policyholder Funds

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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$1.12T+10.6%
P/E15.4×-0.6×
P/S+0.2×

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 us-gaap:PolicyholderFunds.

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 itemMarch 31,2026December 31,2025
Unpaid losses and loss adjustment expenses - retroactive reinsurance30,36831,048
Unearned insurance premiums32,75331,339
Life, annuity and health insurance benefits17,47917,890
Other insurance policyholder liabilities9,89610,312
Accounts payable, accruals and other liabilities39,67038,019
Payable for purchases of U.S. Treasury Bills17,229167
Aircraft repurchase liabilities and unearned lease revenues10,91510,686
Notes payable and other borrowings42,83545,763

Item 1. Financial Statements

FAQ

What is Berkshire Hathaway's insurance and other — policyholder funds?
Berkshire Hathaway (BRK.A) reported insurance and other — policyholder funds of $9.9B in Q1 2026.
How has Berkshire Hathaway's insurance and other — policyholder funds changed year-over-year?
Berkshire Hathaway's insurance and other — policyholder funds decreased by 8.2% year-over-year, from $10.78B to $9.9B.
What is the long-term trend for Berkshire Hathaway's insurance and other — policyholder funds?
Over 4 years (2021 to 2025), Berkshire Hathaway's insurance and other — policyholder funds has grown at a 4.4% compound annual growth rate (CAGR), from $35.78B to $42.48B.
What does insurance and other — policyholder funds mean?
The total amount of funds held by the segment on behalf of policyholders, including account balances for universal life and annuity products. These funds represent a significant portion of the segment's liabilities and investment float.

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