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Berkshire Hathaway BRK.A Underwriting — Policyholder Benefits And Claims Incurred Net

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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$1.06T-10.0%
P/E14.6×+0.1×
P/S2.8×-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 us-gaap:PolicyholderBenefitsAndClaimsIncurredNet.

The official record: Berkshire Hathaway’s 10-Q, filed May 4, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Berkshire Hathaway's underwriting — policyholder benefits and claims incurred net?
Berkshire Hathaway (BRK.A) reported underwriting — policyholder benefits and claims incurred net of $1.02B in Q1 2026.
How has Berkshire Hathaway's underwriting — policyholder benefits and claims incurred net changed year-over-year?
Berkshire Hathaway's underwriting — policyholder benefits and claims incurred net decreased by 4.6% year-over-year, from $1.07B to $1.02B.
What is the long-term trend for Berkshire Hathaway's underwriting — policyholder benefits and claims incurred net?
Over 3 years (2022 to 2025), Berkshire Hathaway's underwriting — policyholder benefits and claims incurred net has grown at a -5.8% compound annual growth rate (CAGR), from $5.24B to $4.38B.
What does underwriting — policyholder benefits and claims incurred net mean?
The net expense incurred from paying out insurance claims and policyholder benefits during the period.
How do you interpret underwriting — policyholder benefits and claims incurred net?
Lower values relative to premiums earned indicate superior underwriting profitability, whereas higher values suggest adverse loss experience or catastrophic events.
How does underwriting — policyholder benefits and claims incurred net compare across companies?
Comparable to 'Net Incurred Losses' or 'Claims Incurred' reported by insurance companies.