Inflation pain pushes Berkshire’s Geico to 105% combined ratio
  • X
  • LinkedIn
  • Show more sharing options
  • Copy Link URLCopied!
  • Print
  • X
  • LinkedIn
© 2024 Insider International Limited, company number 15236286, 4 Bouverie Street, London, EC4Y 8AX. Part of the Delinian Group. All rights reserved.

Accessibility | Terms of Use | Privacy Policy | Modern Slavery Statement
Cookies Settings

Inflation pain pushes Berkshire’s Geico to 105% combined ratio

Jairo Ibarra
August 06, 2022
  • X
  • LinkedIn
  • Show more sharing options
  • Copy Link URLCopied!
  • Print
  • X
  • LinkedIn
Berkshire Hathaway logo without bar.jpg

Berkshire Hathaway’s Geico swung to an underwriting loss in Q2 as its combined ratio rose 11.6 points to 105%, fueled by increased claims severity from the inflationary pressure that is hurting all personal auto writers.

Berkshire said that the increased price of used cars is driving severity on total losses up, while shortages of car parts are contributing to increased severity on partial losses.

Enter your e-mail to claim a free trial:

Uncover exclusive insights tailored for insurance leaders

    • Stay Informed: Access exclusive industry insights
    • Gain a competitive advantage: Hear first about tactical developments
    • Make better decisions: Understand market dynamics in crucial lines of business
Take a free trial Already a subscriber? Login now

Topics

NewsResultsBerkshire Hathaway
jairo ibarra 2024 ii us 2.png
Jairo Ibarra
Senior Reporter
Contact
Gift this article