Berkshire Hathaway Policy loans increased by 2.1% to $29.33B in Q3 2025 compared to the prior quarter. Year-over-year, this metric grew by 8.2%, from $27.11B to $29.33B. Over 4 years (FY 2020 to FY 2024), Policy loans shows an upward trend with a 9.7% CAGR.
An increase may indicate policyholders need liquidity; for the company, it represents a safe but often lower-yielding investment.
Loans granted to life insurance policyholders, secured by the cash surrender value of their respective policies. These a...
Directly comparable to other life insurance providers like MetLife or Prudential.
ins_policy_loans| 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 | $19.90B | $20.40B | $20.75B | $21.27B | $21.88B | $22.09B | $23.21B | $23.14B | $23.53B | $24.01B | $24.68B | $25.44B | $26.09B | $27.11B | $27.80B | $28.13B | $28.72B | $29.33B |
| QoQ Change | — | +2.5% | +1.7% | +2.5% | +2.9% | +1.0% | +5.0% | -0.3% | +1.7% | +2.0% | +2.8% | +3.1% | +2.6% | +3.9% | +2.6% | +1.2% | +2.1% | +2.1% |
| YoY Change | — | — | — | — | +9.9% | +8.3% | +11.8% | +8.8% | +7.6% | +8.7% | +6.3% | +9.9% | +10.9% | +12.9% | +12.6% | +10.6% | +10.1% | +8.2% |
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