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

Similar metrics at other companies

BH
BHInsurance Underwriting — Insurance losses and underwriting expenses
$4.58M+7.6%
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$0
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BHInsurance Underwriting — Insurance losses
$10.55M-9.6%

Other financials

Income statement

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Revenue$101.81B+10.0%
Net income$25.7B+107%
EPS (diluted)$11.91+108%

Balance sheet

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Total debt$6.3B+4.9%
Total equity$747.91B+12.0%
Total assets$1.26T+8.5%

Cash flow

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Operating cash flow$11.2B+11.2%
CapEx$5.6B+16.2%
Free cash flow$5.6B+6.6%

Valuation

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Market cap$1.13T+12.3%
P/E13.1×-2.8×
P/S2.9×+0.2×

Profitability

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Net margin22.3%+5.3pp
FCF margin6.3%

Returns & leverage

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Return on equity12.1%+2.2pp
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 August 10, 2026.

Filed
Aug 10, 2026, 6:01 AM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001193125-26-341032
Line itemSecond Quarter / 2026Second Quarter / 2025First Six Months / 2026First Six Months / 2025
Insurance and Other:
Insurance losses and loss adjustment expenses14,27414,07328,47828,719
Life, annuity and health insurance benefits1,2331,1322,2522,200
Insurance underwriting expenses4,7884,4569,3058,824
Cost of sales and services45,94739,61687,15478,167
Cost of leasing2,1411,8874,1683,774
Selling, general and administrative expenses6,7247,93113,28015,612
Interest expense315318639658

Item 1. Financial Statements

FAQ

What is Berkshire Hathaway's insurance and other — insurance underwriting expenses?
Berkshire Hathaway (BRK.B) reported insurance and other — insurance underwriting expenses of $4.79B in Q2 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 7.5% year-over-year, from $4.46B to $4.79B.
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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