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Berkshire Hathaway Chairman and CEO Warren Buffett laughs while touring the exhibit floor at the CenturyLink Center in Omaha, Neb., Saturday, May 6, 2017, where company subsidiaries display their products. (AP Photo/Nati Harnik)

(Bloomberg) – Warren Buffett’s Berkshire Hathaway Inc. hit a speed bump in the first quarter as insurance units posted an underwriting loss, overshadowing gains at the company’s railroad and energy business.

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