Berkshire Hathaway Chairman and CEO Warren Buffett gestures during an interview with Liz Claman of the Fox Business Network in Omaha, Neb., Monday, May 8, 2017. (AP Photo/Nati Harnik)

(Bloomberg) – Warren Buffett’s Berkshire Hathaway Inc. is finding it hard to grind out higher profits this year, in large part because of slumping results at its insurance businesses.

Gains at the conglomerate’s railroad and energy units weren’t enough to overcome an underwriting loss during the second quarter, the company said Friday in a statement. Operating profit slid for the third straight period.


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