Berkshire Hathaway underwriting earnings fall 43% in Q3 as Tokio Marine deal supports P&C reinsurance premiums
Published . Updated .
Market Call
Think this story will push the stock up or down over the next three trading days? Make a free call and see what other readers think. Points are play money with no cash value.
Get these market calls by email
The week's biggest market-moving stories, Congress trades and Trump posts, with the tickers they touch. Free, one email a week.
Free. We only use your email to send the digest, never sell or share it, and every email has a one-click unsubscribe link. See our privacy policy.
Berkshire Hathaway reported a 43% decline in net underwriting earnings across its insurance and reinsurance operations to $1.352 billion for the third
Directly affected
Indirectly affected
- XLF Financial Select Sector SPDR-1.5% 30d
Financial Select Sector SPDR: it holds insurers. Linked by “reinsurance” (insurers) in this story.
- XLV Health Care Select Sector SPDR
Health Care Select Sector SPDR: it holds health insurers and care providers. Linked by “premiums” (health insurers and care costs) in this story.
- CB Chubb+10.2% 30d
Chubb (fire, marine and casualty insurance): insurers pay claims and price policies around events like this. Linked by “reinsurance” (insurers) in this story.
- TRV The Travelers Companies+8.5% 30d
The Travelers Companies (fire, marine and casualty insurance): insurers pay claims and price policies around events like this. Linked by “reinsurance” (insurers) in this story.
- BRK-B Berkshire Hathaway
Berkshire Hathaway (fire, marine and casualty insurance): insurers pay claims and price policies around events like this. Linked by “reinsurance” (insurers) in this story.
- AIG American International Group+8.6% 30d
American International Group (fire, marine and casualty insurance): insurers pay claims and price policies around events like this. Linked by “reinsurance” (insurers) in this story.
- CVS CVS Health-7.1% 30d
CVS Health (drug stores and proprietary stores): health insurers' costs move with medical prices and policy. Linked by “premiums” (health insurers and care costs) in this story.
Price reaction, T-5 to T+3
| Ticker | T-5 | T-3 | T-1 | T0 | T+1 | T+2 | T+3 |
|---|---|---|---|---|---|---|---|
| BRK.B | -2.52% | +1.50% | base | after close | after close | after close | after close |
| TKOMYPrices arriving within minutes | — | — | — | after close | after close | after close | after close |
| XLF | +0.66% | +3.52% | base | after close | after close | after close | after close |
| XLV | -0.10% | +2.63% | base | after close | after close | after close | after close |
| CB | +1.08% | +2.50% | base | after close | after close | after close | after close |
| TRV | +0.92% | +3.55% | base | after close | after close | after close | after close |
| BRK-BPrices arriving within minutes | — | — | — | after close | after close | after close | after close |
| AIG | +5.99% | +5.07% | base | after close | after close | after close | after close |
| CVSPrices arriving within minutes | — | — | — | after close | after close | after close | after close |
Closing-price change versus T-1, the last close before the story. T0 to T+3 fill in after each market close. Prices: Alpaca IEX.
Berkshire Hathaway underwriting earnings fall 43% in Q3 as Tokio Marine deal supports P&C reinsurance premiums Reinsurance News
Source: Reinsurance News
This story
| Company | When | Move | Status |
|---|---|---|---|
| AIG | three days earlier | +5.07% | final price |
| AIG | five days earlier | +5.99% | final price |
| BRK.B | three days earlier | +1.50% | final price |
| BRK.B | five days earlier | -2.52% | final price |
| CB | three days earlier | +2.50% | final price |
| CB | five days earlier | +1.08% | final price |
| TRV | three days earlier | +3.55% | final price |
| TRV | five days earlier | +0.92% | final price |
| XLF | three days earlier | +3.52% | final price |
| XLF | five days earlier | +0.66% | final price |
| XLV | three days earlier | +2.63% | final price |
| XLV | five days earlier | -0.10% | final price |
Trades by members of Congress and officials in the stocks in this story
- Rep. Pete Sessions sold BRK.B, worth $15,001 - $50,000 on 15 Oct 2026. That is 23 days before publication. Filed 27 Oct 2026. View the filing.
- Rep. Maria Elvira Salazar sold BRK.B, worth $1,001 - $15,000 on 24 Sep 2026. That is 44 days before publication. Filed 7 Oct 2026. View the filing.
- Rep. Richard Dean McCormick bought BRK.B, worth $1,001 - $15,000 on 18 Sep 2026. That is 50 days before publication. Filed 14 Oct 2026. View the filing.
- Rep. Maria Elvira Salazar sold Chubb (CB), worth $1,001 - $15,000 on 24 Sep 2026. That is 44 days before publication. Filed 7 Oct 2026. View the filing.
- Rep. Kevin Hern sold Chubb (CB) (jointly held), worth $1,001 - $15,000 on 23 Sep 2026. That is 45 days before publication. Filed 13 Oct 2026. View the filing.
- Rep. Rohit Khanna bought Chubb (CB) (held by a spouse), worth $1,001 - $15,000 on 4 Sep 2026. That is 64 days before publication. Filed 7 Oct 2026. View the filing.
- Donald J Trump, an executive branch official, sold American International Group (AIG), worth $15,001 - $50,000 on 28 Aug 2026. That is 71 days before publication. Filed 8 Oct 2026. View the filing.
- Rep. Rohit Khanna sold Cvs Health (CVS) (held by a spouse), worth $1,001 - $15,000 on 4 Sep 2026. That is 64 days before publication. Filed 7 Oct 2026. View the filing.
- Rep. Rohit Khanna sold Cvs Health (CVS) (held by a spouse), worth $1,001 - $15,000 on 24 Aug 2026. That is 75 days before publication. Filed 4 Sep 2026. View the filing.
Public disclosure filings, not a recommendation. The filing link is the source document. News use of these reports still sits under 5 U.S.C. § 13107(c).
This story
12 out of 100
“Berkshire Hathaway underwriting earnings fall 43% in Q3 as Tokio Marine deal supports P&C reinsurance premiums” scores 12 out of 100. The score uses 1 sources.