Weak insurance profits hit Berkshire Hathaway

Warren Buffett's conglomerate Berkshire Hathaway last week (6
May) reported operating earnings of $3.74bn in the first quarter,
an 11.9 percent fall on the same period of 2015.
The drop in earnings was driven by reduced underwriting profits
and reduced income in the railroad, utilities and energy
segment.
Net earnings attributable to Berkshire shareholders from
insurance fell by 16.5 percent year-on-year to $1.13bn, with
profits heavily skewed towards the investment performance.
Berkshire Hathaw