The Manheim Used Vehicle Value Index leads GEICO's loss ratio by approximately twelve months because auto insurance rate filings can't adjust fast enough. The index turned up in late 2025 — the same signal that preceded GEICO's 2022 $1.9 billion underwriting loss. But the scale is different, and bodily-injury severity is the bigger wildcard the index cannot forecast.
Clayton Homes sold 9.7% fewer houses in Q1 2026, yet its $29.8B loan book grew 7.8% and its credit-loss provision dropped 72% from a year earlier. The earnings centre is migrating from the factory to the finance arm — at exactly the point in the US credit cycle where captive lenders historically come undone.
PacifiCorp's wildfire liability has swelled past $2.8 billion in reserves against $50 billion in outstanding claims — with PacifiCorp's own equity at just $9-10 billion. An April 2026 appeals court ruling offers a reprieve, but the structural question remains: can a regulated utility survive unlimited tort liability, and what does that mean for Berkshire Hathaway Energy?
From the 2013 Heinz buyout with 3G Capital to Greg Abel's January 2026 registration of all 325 million Kraft Heinz shares for sale, this is the full arc of Berkshire's most instructive capital allocation lesson — and what a divestment would actually mean.
BNSF Railway sits at the epicenter of America's trade war. With dominant West Coast intermodal operations, a massive grain export franchise, and minimal Mexico exposure, Berkshire's railroad faces a unique cocktail of tariff risks that its competitors largely avoid.
Todd Combs took a bleeding GEICO — losing $1.9 billion in 2022 — and rebuilt it into a $6.8 billion profit machine by slashing 14,000 jobs, gutting 600 legacy apps, and betting on AI. Now Nancy Pierce inherits the most technologically ambitious insurer in America. Here is the full story of GEICO's transformation.
Pilot Travel Centers' 2025 was a disaster — pre-tax earnings collapsed 69% to just $190 million on $42.2 billion in revenue. Now the Iran war has sent diesel past $5 per gallon. For Berkshire's most troubled subsidiary, the oil spike is either a lifeline or the final blow.
Less than three months into Greg Abel's tenure as CEO, the 2026 Iran war is delivering a real-time stress test across Berkshire Hathaway's empire. From a $2 billion energy windfall to soaring marine insurance rates, here is how each major subsidiary is navigating the crisis — and why Berkshire may emerge stronger.
The Greater LA Fires have left everyone in shock. As the situation continues to unfold, we turn our attention to Berkshire's position.
In a landscape teetering on high valuations and economic uncertainty, Berkshire Hathaway's recent stock sales and impressive cash reserves signal strategic foresight.