NET PREMIUMS WRITTEN
P/C COMBINED RATIO
L/H UNDERWRITING RESULT
*Amounts in millions of U.S. dollars.
Underwriting results exclude the impact of intercompany loss portfolio, quota share and excess of loss retrocessional agreements between General Re Corporation and Berkshire Hathaway affiliates.
Realized gains/losses include $2,322 of unrealized gains and $2,046 of unrealized losses on equity securities, in 2019 and 2018, respectively, under new US GAAP requirements introduced in 2018.
**Float is the approximate amount of net policyholder funds generated through underwriting activities that is available for investment. The major components of float are unpaid losses and loss adjustment expenses, life and health benefit liabilities, unearned premiums and other policyholder liabilities less premium and reinsurance receivables, deferred policy acquisition costs and deferred charges on reinsurance contracts.