Berkshire Hathaway Q4 hurt by insurance underwriting loss

Berkshire Hathaway (NYSE:BRK.B)(NYSE:BRK.A) Q4 operating earnings fell to $4.42B from $5.72B a year earlier as insurance underwriting took a hit.

Insurance underwriting operating loss of $857M widened from $225M in the year-ago quarter.

Insurance investment operating income of $1.87B increased 24% Y/Y.

Railroad, utilities and energy operating income of $1.84B rose 8.0% Y/Y.

Other business operating income of $2.23B fell 4.7% Y/Y.

At Dec. 31, 2019, insurance float was ~$129B, up $6B from 2018-end.

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