Berkshire Hathaway (BRK.A) estimates its Q1 net profit plunged 58% to $1.5B due to $1.7B in...

|About: Berkshire Hathaway, Inc. ... (BRK.A)|By:, SA News Editor

Berkshire Hathaway (BRK.A) estimates its Q1 net profit plunged 58% to $1.5B due to $1.7B in pretax insurance losses following major disasters in Japan, Australia and the U.S. Warren Buffett described the period as "probably the 2nd-worst quarter for the insurance industry in terms of disasters." Full results are due Friday. (PR)