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Insurance (cat) carried the day ($3.5bn in 2023 P&C earnings): Warren Buffett

The Berkshire Hathaway insurance and reinsurance businesses delivered as Warren Buffett had anticipated in 2023 and the result drives home investor attraction to the sector right now, with a stunning performance and $3.5 billion in earnings reported by the property and casualty reinsurance arm.

Berkshire Hathaway reported its results on Saturday, read all about them over at our sister publication Reinsurance News.

The Berkshire Hathaway Reinsurance Group underwriting result improved from almost $1.5 billion in 2022 to $1.9 billion in 2023, but the real star of this was the P&C side of the business, where property catastrophe reinsurance returns will have been a significant driver.


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