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Non-Tech : Berkshire Hathaway Class B
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To: John Stichnoth who wrote (1106)9/24/1999 5:03:00 PM
From: Benkea  Read Replies (1) of 1652
 
John:

"The net underwriting losses were primarily attributable to
strengthening of CLR's group health reserves"

I could be wrong (it wouldn't be the first time), but I think the increase in reserves reflects Berkshire Hathaway's heavily conservative ways. Even if this wasn't wholly due to aligning GRN's ways to BRK's ways, I am not real worried about a $100 mil (or $200 mil annual run-rate) swing one way or the other. There were some one-time problems (we hope) to the tune of about $275 mil (if memory serves) over at Cologne Re which probably helped us acquire our increased ownership last quarter on more favorable terms than would have usually been the case.
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