Berkshire Insurance Revenue Rose 7.8%

NU Online News Service, Nov. 10, 11:54 a.m.EST?Berkshire Hathaway Inc., the Omaha, Neb.-based holdingcompany owned by billionaire investor Warren Buffett, postedoverall net income of $1.81 billion for the third quarter, up 58percent from $1.14 billion reported for the period last year.

Berkshire, whose insurance subsidiaries include NationalIndemnity, GEICO Corp. and GeneralCologne Re, showed improvedunderwriting profits. The company's underwriting operations earneda combined $258 million for the quarter, in contrast to anunderwriting loss of $65 million posted one year ago. For the firstnine months of the year, Berkshire had $704 million in underwritingprofit, compared with a $64 million loss posted during the sameperiod a year ago.

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