The company said after-tax underwriting earnings rose $1.0 billion in Q2 2024 and $2.7 billion in the first six months, and after-tax insurance investment income earnings rose $1.6 billion in Q2 $951 million in the first six months.

1. 01

   The company said after-tax underwriting earnings rose $1.0 billion in Q2 2024 and $2.7 billion in the first six months, and after-tax insurance investment income earnings rose $1.6 billion in Q2 $951 million in the first six months.

2. 02

   GEICO’s loss ratio was 74.1% in Q2 2024 and 73.3% in the first six months, down 10.2 percentage points and 10.4 percentage points respectively, the company said, while premiums written for the first six months rose $1.7 billion (8.9%).

3. 03

   The company said Berkshire’s net earnings attributable to shareholders for the first six months of 2024 were $43.1 billion, including after-tax investment gains of about $20.2 billion. It said investment gains and losses from changes in equity market prices create significant volatility in its earnings.

4. 04

   The company said its insurance and other businesses held cash, cash equivalents and U.S. Treasury Bills of $271.5 billion as of June 30, 2024 (of which U.S. Treasury Bills were $237.6 billion). It paid $2.9 billion for share repurchases in the first six months.

Key figures

Quarter ended June 30, 2024

Revenue

$63.5B

Net income

$30.3B

Analysis scope · Management's discussion (MD&A)We analyzed excerpts of the Management's Discussion and Analysis (MD&A) section (with omissions). Other sections of the report, such as the notes to the financial statements and risk factors, were not reviewed.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.