Unpaid losses and loss adjustment expenses (Tables)
|
12 Months Ended |
Dec. 31, 2025 |
|---|
| Schedule of liability for unpaid claims and claims adjustment expense |
Reconciliations of the changes in unpaid losses and LAE liabilities (“claim liabilities”), excluding liabilities under retroactive reinsurance contracts (see Note 17), for each of the three years ended December 31, 2025 follow (in millions).
|
|
|
|
|
|
|
|
|
|
|
|
|
2025 |
|
|
2024 |
|
|
2023 |
|
Balance at the beginning of the year: |
|
|
|
|
|
|
|
|
Gross liabilities |
$ |
115,151 |
|
|
$ |
111,082 |
|
|
$ |
107,472 |
|
Reinsurance recoverable on unpaid losses |
|
(4,593 |
) |
|
|
(4,893 |
) |
|
|
(5,025 |
) |
Net liabilities |
|
110,558 |
|
|
|
106,189 |
|
|
|
102,447 |
|
Losses and LAE incurred: |
|
|
|
|
|
|
|
|
Current accident year |
|
58,207 |
|
|
|
57,563 |
|
|
|
59,244 |
|
Prior accident years |
|
(1,854 |
) |
|
|
(2,322 |
) |
|
|
(3,541 |
) |
Total |
|
56,353 |
|
|
|
55,241 |
|
|
|
55,703 |
|
Losses and LAE paid: |
|
|
|
|
|
|
|
|
Current accident year |
|
(23,762 |
) |
|
|
(24,139 |
) |
|
|
(25,184 |
) |
Prior accident years |
|
(27,709 |
) |
|
|
(26,436 |
) |
|
|
(27,065 |
) |
Total |
|
(51,471 |
) |
|
|
(50,575 |
) |
|
|
(52,249 |
) |
Foreign currency effect |
|
817 |
|
|
|
(297 |
) |
|
|
288 |
|
Balance at December 31: |
|
|
|
|
|
|
|
|
Net liabilities |
|
116,257 |
|
|
|
110,558 |
|
|
|
106,189 |
|
Reinsurance recoverable on unpaid losses |
|
4,456 |
|
|
|
4,593 |
|
|
|
4,893 |
|
Gross liabilities |
$ |
120,713 |
|
|
$ |
115,151 |
|
|
$ |
111,082 |
|
|
| Schedule of reconciliation of unpaid losses and allocated loss adjustment expenses to balance sheet liability |
A reconciliation of the disaggregated net unpaid losses and allocated loss adjustment expenses (the latter referred to as “ALAE”) to our consolidated claim liabilities as of December 31, 2025 follows (in millions).
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
GEICO |
|
|
BH Primary |
|
|
BHRG |
|
|
|
|
|
Physical
Damage |
|
Auto
Liability |
|
|
Medical
Professional
Liability |
|
Workers’
Compensation/
Other
Casualty |
|
|
Property |
|
Casualty |
|
|
Total |
|
Unpaid losses and ALAE, net |
$ |
914 |
|
$ |
23,526 |
|
|
$ |
9,721 |
|
$ |
26,912 |
|
|
$ |
14,944 |
|
$ |
34,538 |
|
|
$ |
110,555 |
|
Reinsurance recoverable |
|
3 |
|
|
899 |
|
|
|
38 |
|
|
1,401 |
|
|
|
688 |
|
|
1,323 |
|
|
|
4,352 |
|
Unallocated LAE |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2,396 |
|
Other losses and LAE |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
3,410 |
|
Unpaid losses and LAE |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
120,713 |
|
|
| Schedule of average historical claims duration |
Required supplemental unaudited average historical claims duration information based on the net losses and ALAE incurred and paid accident year data in the preceding tables follows. The percentages show the average portions of net losses and ALAE paid by each succeeding year, with year 1 representing the current accident year.
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Average Annual Percentage Payout of Losses Incurred by Age, Net of Reinsurance |
In Year |
1 |
|
2 |
|
3 |
|
4 |
|
5 |
|
6 |
|
7 |
|
8 |
|
9 |
|
10 |
GEICO Physical Damage |
97% |
|
3% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
GEICO Auto Liability |
41 |
|
32 |
|
13% |
|
7% |
|
3% |
|
|
|
|
|
|
|
|
|
|
BH Primary Medical Professional Liability |
2 |
|
7 |
|
12 |
|
13 |
|
13 |
|
12% |
|
10% |
|
8% |
|
5% |
|
5% |
BH Primary Workers’ Compensation and Other Casualty |
14 |
|
16 |
|
13 |
|
12 |
|
10 |
|
7 |
|
5 |
|
3 |
|
2 |
|
2 |
BHRG Property |
23 |
|
34 |
|
16 |
|
9 |
|
5 |
|
3 |
|
2 |
|
1 |
|
1 |
|
1 |
BHRG Casualty |
13 |
|
16 |
|
13 |
|
11 |
|
8 |
|
6 |
|
5 |
|
4 |
|
4 |
|
2 |
|
| GEICO [Member] | Insurance Group [Member] | Physical Damage [Member] |
|
| Schedule of Losses and allocated loss adjustment expenses Incurred |
Physical Damage
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Losses and ALAE Incurred through December 31, |
|
|
|
|
Cumulative
Number of |
|
Accident
Year |
|
|
|
|
2024* |
|
2025 |
|
IBNR and Case
Development
Liabilities |
|
|
Reported
Claims
(in 000's) |
|
2024 |
|
|
|
|
$ |
11,095 |
|
$ |
10,833 |
|
$ |
88 |
|
|
|
6,496 |
|
2025 |
|
|
|
|
|
|
|
10,612 |
|
|
(275 |
) |
|
|
5,828 |
|
|
|
Losses and ALAE incurred |
|
$ |
21,445 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cumulative Losses and ALAE Paid through December 31, |
|
|
|
|
|
|
Accident
Year |
|
|
|
|
2024* |
|
2025 |
|
|
|
|
|
|
2024 |
|
|
|
|
$ |
10,495 |
|
$ |
10,728 |
|
|
|
|
|
|
2025 |
|
|
|
|
|
|
|
9,936 |
|
|
|
|
|
|
|
|
Losses and ALAE paid |
|
|
20,664 |
|
|
|
|
|
|
|
|
Net unpaid losses and ALAE for 2024 – 2025 accident years |
|
|
781 |
|
|
|
|
|
|
|
|
Net unpaid losses and ALAE for accident years before 2024 |
|
|
133 |
|
|
|
|
|
|
|
|
Net unpaid losses and ALAE |
|
$ |
914 |
|
|
|
|
|
|
|
| GEICO [Member] | Insurance Group [Member] | Auto Liability [Member] |
|
| Schedule of Losses and allocated loss adjustment expenses Incurred |
Auto Liability
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Losses and ALAE Incurred through December 31, |
|
|
|
|
Cumulative
Number of |
|
Accident
Year |
|
2021* |
|
2022* |
|
2023* |
|
2024* |
|
2025 |
|
IBNR and Case
Development
Liabilities |
|
|
Reported
Claims
(in 000's) |
|
2021 |
|
$ |
17,481 |
|
$ |
17,457 |
|
$ |
17,229 |
|
$ |
17,033 |
|
$ |
16,827 |
|
$ |
545 |
|
|
|
2,461 |
|
2022 |
|
|
|
|
19,645 |
|
|
18,903 |
|
|
18,818 |
|
|
18,275 |
|
|
1,056 |
|
|
|
2,397 |
|
2023 |
|
|
|
|
|
|
17,948 |
|
|
18,073 |
|
|
17,234 |
|
|
1,856 |
|
|
|
1,977 |
|
2024 |
|
|
|
|
|
|
|
|
17,081 |
|
|
18,208 |
|
|
3,361 |
|
|
|
1,842 |
|
2025 |
|
|
|
|
|
|
|
|
|
|
19,901 |
|
|
5,897 |
|
|
|
1,742 |
|
|
|
Losses and ALAE incurred |
|
$ |
90,445 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cumulative Losses and ALAE Paid through December 31, |
|
|
|
|
|
|
Accident
Year |
|
2021* |
|
2022* |
|
2023* |
|
2024* |
|
2025 |
|
|
|
|
|
|
2021 |
|
$ |
6,450 |
|
$ |
12,681 |
|
$ |
14,863 |
|
$ |
15,796 |
|
$ |
16,132 |
|
|
|
|
|
|
2022 |
|
|
|
|
7,614 |
|
|
13,838 |
|
|
16,031 |
|
|
16,853 |
|
|
|
|
|
|
2023 |
|
|
|
|
|
|
7,191 |
|
|
12,682 |
|
|
14,555 |
|
|
|
|
|
|
2024 |
|
|
|
|
|
|
|
|
7,084 |
|
|
12,764 |
|
|
|
|
|
|
2025 |
|
|
|
|
|
|
|
|
|
|
7,590 |
|
|
|
|
|
|
|
|
Losses and ALAE paid |
|
|
67,894 |
|
|
|
|
|
|
|
|
Net unpaid losses and ALAE for 2021 – 2025 accident years |
|
|
22,551 |
|
|
|
|
|
|
|
|
Net unpaid losses and ALAE for accident years before 2021 |
|
|
975 |
|
|
|
|
|
|
|
|
Net unpaid losses and ALAE |
|
$ |
23,526 |
|
|
|
|
|
|
—————— * Unaudited required supplemental information
|
| Berkshire Hathaway Primary Group [Member] | Insurance Group [Member] | Medical Professional Liability [Member] |
|
| Schedule of Losses and allocated loss adjustment expenses Incurred |
Medical Professional Liability Estimates of the ultimate expected losses and LAE incurred for medical professional claim liabilities are based on a variety of commonly accepted actuarial methodologies, such as the paid and incurred development method and Bornhuetter-Ferguson based methods, as well as other techniques that consider insured loss exposures and historical and expected loss trends, among other factors. These methodologies produce loss estimates from which we determine our best estimate. In addition, we study developments in older accident years and adjust initial loss estimates to reflect recent developments based upon claim age, coverage and litigation experience.
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Losses and ALAE Incurred through December 31, |
|
|
|
|
|
Accident
Year |
|
2016* |
|
2017* |
|
2018* |
|
2019* |
|
2020* |
|
2021* |
|
2022* |
|
2023* |
|
2024* |
|
2025 |
|
IBNR and
Case
Development
Liabilities |
|
Cumulative
Number of
Reported
Claims
(in 000's) |
|
2016 |
|
$ |
1,392 |
|
$ |
1,416 |
|
$ |
1,414 |
|
$ |
1,394 |
|
$ |
1,341 |
|
$ |
1,288 |
|
$ |
1,216 |
|
$ |
1,188 |
|
$ |
1,172 |
|
$ |
1,184 |
|
$ |
64 |
|
|
15 |
|
2017 |
|
|
|
|
1,466 |
|
|
1,499 |
|
|
1,495 |
|
|
1,474 |
|
|
1,382 |
|
|
1,349 |
|
|
1,315 |
|
|
1,310 |
|
|
1,321 |
|
|
86 |
|
|
21 |
|
2018 |
|
|
|
|
|
|
1,602 |
|
|
1,650 |
|
|
1,659 |
|
|
1,580 |
|
|
1,616 |
|
|
1,606 |
|
|
1,583 |
|
|
1,580 |
|
|
115 |
|
|
24 |
|
2019 |
|
|
|
|
|
|
|
|
1,670 |
|
|
1,691 |
|
|
1,663 |
|
|
1,614 |
|
|
1,534 |
|
|
1,579 |
|
|
1,608 |
|
|
129 |
|
|
22 |
|
2020 |
|
|
|
|
|
|
|
|
|
|
1,704 |
|
|
1,751 |
|
|
1,698 |
|
|
1,631 |
|
|
1,606 |
|
|
1,584 |
|
|
225 |
|
|
33 |
|
2021 |
|
|
|
|
|
|
|
|
|
|
|
|
1,852 |
|
|
1,855 |
|
|
1,787 |
|
|
1,714 |
|
|
1,671 |
|
|
452 |
|
|
26 |
|
2022 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1,927 |
|
|
1,912 |
|
|
1,846 |
|
|
1,814 |
|
|
650 |
|
|
24 |
|
2023 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1,964 |
|
|
1,918 |
|
|
1,892 |
|
|
1,052 |
|
|
26 |
|
2024 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2,004 |
|
|
2,116 |
|
|
1,533 |
|
|
29 |
|
2025 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1,985 |
|
|
1,803 |
|
|
13 |
|
|
|
Losses and ALAE incurred |
|
$ |
16,755 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cumulative Losses and ALAE Paid through December 31, |
|
|
|
|
|
Accident
Year |
|
2016* |
|
2017* |
|
2018* |
|
2019* |
|
2020* |
|
2021* |
|
2022* |
|
2023* |
|
2024* |
|
2025 |
|
|
|
|
|
2016 |
|
$ |
22 |
|
$ |
115 |
|
$ |
274 |
|
$ |
461 |
|
$ |
620 |
|
$ |
712 |
|
$ |
822 |
|
$ |
908 |
|
$ |
957 |
|
$ |
1,022 |
|
|
|
|
|
2017 |
|
|
|
|
27 |
|
|
128 |
|
|
300 |
|
|
457 |
|
|
582 |
|
|
739 |
|
|
877 |
|
|
977 |
|
|
1,051 |
|
|
|
|
|
2018 |
|
|
|
|
|
|
35 |
|
|
166 |
|
|
367 |
|
|
543 |
|
|
728 |
|
|
949 |
|
|
1,080 |
|
|
1,209 |
|
|
|
|
|
2019 |
|
|
|
|
|
|
|
|
39 |
|
|
160 |
|
|
314 |
|
|
536 |
|
|
757 |
|
|
963 |
|
|
1,154 |
|
|
|
|
|
2020 |
|
|
|
|
|
|
|
|
|
|
34 |
|
|
148 |
|
|
321 |
|
|
531 |
|
|
767 |
|
|
976 |
|
|
|
|
|
2021 |
|
|
|
|
|
|
|
|
|
|
|
|
36 |
|
|
136 |
|
|
333 |
|
|
548 |
|
|
787 |
|
|
|
|
|
2022 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
38 |
|
|
182 |
|
|
441 |
|
|
700 |
|
|
|
|
|
2023 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
28 |
|
|
156 |
|
|
404 |
|
|
|
|
|
2024 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
34 |
|
|
178 |
|
|
|
|
|
2025 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
26 |
|
|
|
|
|
|
|
Losses and ALAE paid |
|
|
7,507 |
|
|
|
|
|
|
|
Net unpaid losses and ALAE for 2016 – 2025 accident years |
|
|
9,248 |
|
|
|
|
|
|
|
Net unpaid losses and ALAE for accident years before 2016 |
|
|
473 |
|
|
|
|
|
|
|
Net unpaid losses and ALAE |
|
$ |
9,721 |
|
|
|
|
|
—————— * Unaudited required supplemental information
|
| Berkshire Hathaway Primary Group [Member] | Insurance Group [Member] | Workers' Compensation and Other Casualty [Member] |
|
| Schedule of Losses and allocated loss adjustment expenses Incurred |
Workers’ Compensation and Other Casualty We establish case liabilities for reported casualty and workers’ compensation claims based upon the facts and circumstances of the claim. The excess of the ultimate projected losses, including the case development estimates over the case-basis liabilities, is included in IBNR liabilities. We evaluate ultimate loss and loss adjustment expense estimates for claims using a combination of commonly accepted actuarial methodologies, such as the Bornhuetter-Ferguson and chain-ladder approaches, incorporating combinations of paid and incurred loss data, claims frequency and severity data, expected loss ratios, as well as other data and assumptions. For workers’ compensation claims, paid and incurred loss data is also segregated and analyzed by state due to the different state regulatory frameworks that may impact the duration and amount of loss payments. We also separately study the various components of liabilities, such as employee lost wages, medical expenses and the costs of claims investigations and administration.
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Losses and ALAE Incurred through December 31, |
|
|
|
|
|
Accident
Year |
|
2016* |
|
2017* |
|
2018* |
|
2019* |
|
2020* |
|
2021* |
|
2022* |
|
2023* |
|
2024* |
|
2025 |
|
IBNR and
Case
Development
Liabilities |
|
Cumulative
Number of
Reported
Claims
(in 000's) |
|
2016 |
|
$ |
2,931 |
|
$ |
2,848 |
|
$ |
2,793 |
|
$ |
2,772 |
|
$ |
2,815 |
|
$ |
2,825 |
|
$ |
2,864 |
|
$ |
2,840 |
|
$ |
2,809 |
|
$ |
2,802 |
|
$ |
226 |
|
|
125 |
|
2017 |
|
|
|
|
3,473 |
|
|
3,337 |
|
|
3,299 |
|
|
3,310 |
|
|
3,322 |
|
|
3,320 |
|
|
3,321 |
|
|
3,357 |
|
|
3,385 |
|
|
338 |
|
|
143 |
|
2018 |
|
|
|
|
|
|
3,998 |
|
|
3,886 |
|
|
3,967 |
|
|
4,030 |
|
|
4,091 |
|
|
4,177 |
|
|
4,230 |
|
|
4,205 |
|
|
480 |
|
|
164 |
|
2019 |
|
|
|
|
|
|
|
|
4,584 |
|
|
4,623 |
|
|
4,692 |
|
|
4,763 |
|
|
4,847 |
|
|
4,919 |
|
|
4,935 |
|
|
599 |
|
|
185 |
|
2020 |
|
|
|
|
|
|
|
|
|
|
5,030 |
|
|
4,881 |
|
|
4,775 |
|
|
4,774 |
|
|
4,866 |
|
|
4,918 |
|
|
1,019 |
|
|
159 |
|
2021 |
|
|
|
|
|
|
|
|
|
|
|
|
5,890 |
|
|
5,847 |
|
|
5,875 |
|
|
5,976 |
|
|
6,200 |
|
|
1,493 |
|
|
167 |
|
2022 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
6,781 |
|
|
6,753 |
|
|
6,862 |
|
|
6,966 |
|
|
2,329 |
|
|
190 |
|
2023 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
7,299 |
|
|
7,363 |
|
|
7,514 |
|
|
2,974 |
|
|
190 |
|
2024 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
7,962 |
|
|
7,918 |
|
|
4,169 |
|
|
184 |
|
2025 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
8,002 |
|
|
5,548 |
|
|
141 |
|
|
|
Losses and ALAE incurred |
|
$ |
56,845 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cumulative Losses and ALAE Paid through December 31, |
|
|
|
|
|
Accident
Year |
|
2016* |
|
2017* |
|
2018* |
|
2019* |
|
2020* |
|
2021* |
|
2022* |
|
2023* |
|
2024* |
|
2025 |
|
|
|
|
|
2016 |
|
$ |
373 |
|
$ |
908 |
|
$ |
1,359 |
|
$ |
1,765 |
|
$ |
1,998 |
|
$ |
2,140 |
|
$ |
2,303 |
|
$ |
2,377 |
|
$ |
2,420 |
|
$ |
2,468 |
|
|
|
|
|
2017 |
|
|
|
|
480 |
|
|
1,133 |
|
|
1,645 |
|
|
2,050 |
|
|
2,279 |
|
|
2,492 |
|
|
2,673 |
|
|
2,784 |
|
|
2,871 |
|
|
|
|
|
2018 |
|
|
|
|
|
|
583 |
|
|
1,340 |
|
|
1,902 |
|
|
2,324 |
|
|
2,746 |
|
|
3,120 |
|
|
3,396 |
|
|
3,517 |
|
|
|
|
|
2019 |
|
|
|
|
|
|
|
|
725 |
|
|
1,598 |
|
|
2,214 |
|
|
2,898 |
|
|
3,430 |
|
|
3,812 |
|
|
4,015 |
|
|
|
|
|
2020 |
|
|
|
|
|
|
|
|
|
|
736 |
|
|
1,498 |
|
|
2,066 |
|
|
2,598 |
|
|
3,138 |
|
|
3,474 |
|
|
|
|
|
2021 |
|
|
|
|
|
|
|
|
|
|
|
|
865 |
|
|
1,744 |
|
|
2,433 |
|
|
3,161 |
|
|
3,797 |
|
|
|
|
|
2022 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
958 |
|
|
2,008 |
|
|
2,901 |
|
|
3,711 |
|
|
|
|
|
2023 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1,056 |
|
|
2,152 |
|
|
3,230 |
|
|
|
|
|
2024 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1,245 |
|
|
2,428 |
|
|
|
|
|
2025 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1,289 |
|
|
|
|
|
|
|
Losses and ALAE paid |
|
|
30,800 |
|
|
|
|
|
|
|
Net unpaid losses and ALAE for 2016 – 2025 accident years |
|
|
26,045 |
|
|
|
|
|
|
|
Net unpaid losses and ALAE for accident years before 2016 |
|
|
867 |
|
|
|
|
|
|
|
Net unpaid losses and ALAE |
|
$ |
26,912 |
|
|
|
|
|
—————— * Unaudited required supplemental information
|
| Berkshire Hathaway Reinsurance Group [Member] | Insurance Group [Member] | Property [Member] |
|
| Schedule of Losses and allocated loss adjustment expenses Incurred |
IBNR and case development liabilities are as of December 31, 2025. Dollars are in millions. Property
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Losses and ALAE Incurred through December 31, |
|
|
|
Accident
Year |
|
2016* |
|
2017* |
|
2018* |
|
2019* |
|
2020* |
|
2021* |
|
2022* |
|
2023* |
|
2024* |
|
2025 |
|
IBNR and Case
Development
Liabilities |
|
2016 |
|
$ |
3,953 |
|
$ |
4,542 |
|
$ |
4,216 |
|
$ |
4,177 |
|
$ |
4,172 |
|
$ |
4,161 |
|
$ |
4,138 |
|
$ |
4,127 |
|
$ |
4,131 |
|
$ |
4,120 |
|
$ |
17 |
|
2017 |
|
|
|
|
6,420 |
|
|
6,117 |
|
|
5,938 |
|
|
5,810 |
|
|
5,731 |
|
|
5,649 |
|
|
5,630 |
|
|
5,616 |
|
|
5,613 |
|
|
42 |
|
2018 |
|
|
|
|
|
|
5,514 |
|
|
5,612 |
|
|
5,470 |
|
|
5,324 |
|
|
5,329 |
|
|
5,278 |
|
|
5,298 |
|
|
5,288 |
|
|
168 |
|
2019 |
|
|
|
|
|
|
|
|
5,002 |
|
|
5,134 |
|
|
4,906 |
|
|
4,601 |
|
|
4,545 |
|
|
4,508 |
|
|
4,520 |
|
|
128 |
|
2020 |
|
|
|
|
|
|
|
|
|
|
6,992 |
|
|
7,273 |
|
|
6,907 |
|
|
6,698 |
|
|
6,525 |
|
|
6,469 |
|
|
280 |
|
2021 |
|
|
|
|
|
|
|
|
|
|
|
|
8,157 |
|
|
8,040 |
|
|
7,702 |
|
|
7,398 |
|
|
7,212 |
|
|
269 |
|
2022 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
8,912 |
|
|
8,485 |
|
|
7,986 |
|
|
7,992 |
|
|
709 |
|
2023 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
8,038 |
|
|
7,471 |
|
|
6,963 |
|
|
951 |
|
2024 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
7,838 |
|
|
7,108 |
|
|
2,008 |
|
2025 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
6,579 |
|
|
3,325 |
|
Losses and ALAE Incurred |
|
$ |
61,864 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cumulative Losses and ALAE Paid through December 31, |
|
|
|
Accident
Year |
|
2016* |
|
2017* |
|
2018* |
|
2019* |
|
2020* |
|
2021* |
|
2022* |
|
2023* |
|
2024* |
|
2025 |
|
|
|
2016 |
|
$ |
918 |
|
$ |
2,228 |
|
$ |
2,695 |
|
$ |
3,187 |
|
$ |
3,456 |
|
$ |
3,652 |
|
$ |
3,761 |
|
$ |
3,840 |
|
$ |
3,927 |
|
$ |
3,965 |
|
|
|
2017 |
|
|
|
|
1,350 |
|
|
3,517 |
|
|
4,597 |
|
|
4,951 |
|
|
5,187 |
|
|
5,380 |
|
|
5,470 |
|
|
5,494 |
|
|
5,529 |
|
|
|
2018 |
|
|
|
|
|
|
1,211 |
|
|
3,108 |
|
|
3,757 |
|
|
4,045 |
|
|
4,291 |
|
|
4,500 |
|
|
4,627 |
|
|
4,734 |
|
|
|
2019 |
|
|
|
|
|
|
|
|
1,014 |
|
|
2,855 |
|
|
3,577 |
|
|
3,907 |
|
|
4,066 |
|
|
4,136 |
|
|
4,223 |
|
|
|
2020 |
|
|
|
|
|
|
|
|
|
|
1,259 |
|
|
3,600 |
|
|
4,659 |
|
|
5,327 |
|
|
5,605 |
|
|
5,797 |
|
|
|
2021 |
|
|
|
|
|
|
|
|
|
|
|
|
1,630 |
|
|
4,121 |
|
|
5,455 |
|
|
6,160 |
|
|
6,526 |
|
|
|
2022 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1,817 |
|
|
4,352 |
|
|
5,631 |
|
|
6,518 |
|
|
|
2023 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1,773 |
|
|
4,148 |
|
|
5,174 |
|
|
|
2024 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1,725 |
|
|
3,595 |
|
|
|
2025 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1,542 |
|
|
|
Losses and ALAE Paid |
|
|
47,603 |
|
|
|
Net unpaid losses and ALAE for 2016 – 2025 accident years |
|
|
14,261 |
|
|
|
Net unpaid losses and ALAE for accident years before 2016 |
|
|
683 |
|
|
|
Net unpaid losses and ALAE |
|
$ |
14,944 |
|
|
|
—————— * Unaudited required supplemental information
|
| Berkshire Hathaway Reinsurance Group [Member] | Insurance Group [Member] | Casualty [Member] |
|
| Schedule of Losses and allocated loss adjustment expenses Incurred |
Casualty
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Losses and ALAE Incurred through December 31, |
|
|
|
Accident
Year |
|
2016* |
|
2017* |
|
2018* |
|
2019* |
|
2020* |
|
2021* |
|
2022* |
|
2023* |
|
2024* |
|
2025 |
|
IBNR and Case
Development
Liabilities |
|
2016 |
|
$ |
3,811 |
|
$ |
4,026 |
|
$ |
3,931 |
|
$ |
3,897 |
|
$ |
3,844 |
|
$ |
3,800 |
|
$ |
3,771 |
|
$ |
3,797 |
|
$ |
3,828 |
|
$ |
3,834 |
|
$ |
328 |
|
2017 |
|
|
|
|
4,063 |
|
|
4,507 |
|
|
4,382 |
|
|
4,274 |
|
|
4,206 |
|
|
4,195 |
|
|
4,252 |
|
|
4,253 |
|
|
4,307 |
|
|
406 |
|
2018 |
|
|
|
|
|
|
4,917 |
|
|
5,577 |
|
|
5,516 |
|
|
5,384 |
|
|
5,310 |
|
|
5,396 |
|
|
5,469 |
|
|
5,593 |
|
|
632 |
|
2019 |
|
|
|
|
|
|
|
|
5,606 |
|
|
6,090 |
|
|
5,961 |
|
|
5,789 |
|
|
5,748 |
|
|
5,822 |
|
|
5,918 |
|
|
866 |
|
2020 |
|
|
|
|
|
|
|
|
|
|
6,248 |
|
|
6,277 |
|
|
6,096 |
|
|
6,140 |
|
|
6,115 |
|
|
6,126 |
|
|
1,104 |
|
2021 |
|
|
|
|
|
|
|
|
|
|
|
|
6,324 |
|
|
6,309 |
|
|
5,979 |
|
|
5,997 |
|
|
6,014 |
|
|
1,449 |
|
2022 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
6,078 |
|
|
6,132 |
|
|
6,085 |
|
|
6,217 |
|
|
2,181 |
|
2023 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
6,088 |
|
|
6,189 |
|
|
6,123 |
|
|
2,696 |
|
2024 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
6,123 |
|
|
6,233 |
|
|
3,628 |
|
2025 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
6,147 |
|
|
4,678 |
|
|
|
Losses and ALAE incurred |
|
$ |
56,512 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cumulative Losses and ALAE Paid through December 31, |
|
|
|
Accident
Year |
|
2016* |
|
2017* |
|
2018* |
|
2019* |
|
2020* |
|
2021* |
|
2022* |
|
2023* |
|
2024* |
|
2025 |
|
|
|
2016 |
|
$ |
656 |
|
$ |
1,366 |
|
$ |
1,809 |
|
$ |
2,174 |
|
$ |
2,450 |
|
$ |
2,654 |
|
$ |
2,828 |
|
$ |
3,007 |
|
$ |
3,144 |
|
$ |
3,235 |
|
|
|
2017 |
|
|
|
|
609 |
|
|
1,319 |
|
|
1,839 |
|
|
2,490 |
|
|
2,740 |
|
|
2,959 |
|
|
3,187 |
|
|
3,374 |
|
|
3,535 |
|
|
|
2018 |
|
|
|
|
|
|
697 |
|
|
1,750 |
|
|
2,803 |
|
|
3,273 |
|
|
3,654 |
|
|
3,973 |
|
|
4,251 |
|
|
4,484 |
|
|
|
2019 |
|
|
|
|
|
|
|
|
844 |
|
|
1,886 |
|
|
2,447 |
|
|
3,207 |
|
|
3,759 |
|
|
4,127 |
|
|
4,496 |
|
|
|
2020 |
|
|
|
|
|
|
|
|
|
|
871 |
|
|
1,909 |
|
|
2,723 |
|
|
3,388 |
|
|
3,986 |
|
|
4,427 |
|
|
|
2021 |
|
|
|
|
|
|
|
|
|
|
|
|
778 |
|
|
1,790 |
|
|
2,674 |
|
|
3,242 |
|
|
3,840 |
|
|
|
2022 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
623 |
|
|
1,343 |
|
|
1,977 |
|
|
2,853 |
|
|
|
2023 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
694 |
|
|
1,590 |
|
|
2,380 |
|
|
|
2024 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
682 |
|
|
1,647 |
|
|
|
2025 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
704 |
|
|
|
|
|
Losses and ALAE paid |
|
|
31,601 |
|
|
|
|
|
Net unpaid losses and ALAE for 2016 – 2025 accident years |
|
|
24,911 |
|
|
|
|
|
Net unpaid losses and ALAE for accident years before 2016 |
|
|
9,627 |
|
|
|
|
|
Net unpaid losses and ALAE |
|
$ |
34,538 |
|
|
|
—————— * Unaudited required supplemental information
|