Berkshire Q4 underwriting profits nearly double

Berkshire Hathaway reported a near twofold rise in its insurance
underwriting income in the fourth quarter, with earnings going up
from $306mn to $548mn.
This was partly offset by a weaker insurance investment
performance at the Warren Buffett-led conglomerate, as returns went
down 13.9 percent year-on-year to $889mn for the quarter.
The company's annual report stated that its specialty
insurance carrier - Berkshire Hathaway Specialty Insurance -
increased its volume by 40 percent to $1.3bn for