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Berkshire Hathaway BRK.B Underwriting — Total Costs & Expenses

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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 us-gaap:CostsAndExpenses.

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
InsuranceGEICOBH PrimaryBHRGTotal UnderwritingInvestment IncomeTotal
Premiums earned and investment income$11,291$4,673$6,511$22,475$3,701$26,176
Costs and expenses:
Losses and LAE8,6443,0112,61914,27414,274
Life, annuity and health benefits1,2331,2331,233
Other segment items1,6531,3891,7464,788164,804
Total costs and expenses10,2974,4005,59820,2951620,311
Earnings before income taxes$994$273$913$2,180$3,685$5,865

Item 1. Financial Statements

FAQ

What is Berkshire Hathaway's underwriting — total costs & expenses?
Berkshire Hathaway (BRK.B) reported underwriting — total costs & expenses of $20.3B in Q2 2026.
How has Berkshire Hathaway's underwriting — total costs & expenses changed year-over-year?
Berkshire Hathaway's underwriting — total costs & expenses increased by 3.2% year-over-year, from $19.66B to $20.3B.
What is the long-term trend for Berkshire Hathaway's underwriting — total costs & expenses?
Over 3 years (2022 to 2025), Berkshire Hathaway's underwriting — total costs & expenses has grown at a 2.1% compound annual growth rate (CAGR), from $74.6B to $79.44B.
What does underwriting — total costs & expenses mean?
Encompasses the total operating costs required to run the insurance segment, including underwriting expenses, administrative costs, and other overheads. This metric measures the operational efficiency of the insurance business in managing its cost structure relative to its revenue generation. It is essential for calculating the combined ratio and overall segment profitability.

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