Berkshire Hathaway returns to underwriting profit in Q2

Berkshire Hathaway's insurance and reinsurance operations
posted a combined $337mn underwriting profit for the second quarter
compared to a $38mn loss for the same period last year.
But the investment conglomerate's Gen Re operation only just
made it into the black with an underwriting gain of $2mn, down from
$107mn in the prior-year period.
Berkshire Hathaway blamed the reduced profitability on an
increased current accident year loss ratio and lower reserve
releases for the period.
The group re