(Bloomberg) -- Mother Nature took a toll on BerkshireHathaway Inc. in the third quarter.

Natural disasters including Hurricanes Harvey, Irma and Mariahit Warren Buffett’s insurance-focused conglomerate hard, draggingdown earnings by almost $2 billion and overshadowing positiveresults elsewhere.

A surge in insurance claims led to the third consecutivequarterly underwriting loss, putting Berkshire on track to have anannual loss by that measure for the first time since 2002.

Continue Reading for Free

Register and gain access to:

  • Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
  • Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.