Berkshire Hathaway profit falls as underwriting loss offsets BNSF gains in 2Q 2017

(Source: Reuters, August 4, 2017)

NEW YORK — Warren Buffett’s Berkshire Hathaway Inc on Friday reported a 15 percent drop in second-quarter profit, as lower investment gains and a loss from insurance underwriting offset improvement in its BNSF railroad business. BNSF saw profit rise 24 percent to $958 million, helped by high single-digit percentage increases in freight revenue from consumer and industrial products, and double-digit increases from agricultural products and coal.

Full story: New York Times