Under the leadership of Tad Montross, General re had an outstanding underwriting year in 2009, while also delivering us unusually large amounts of float per dollar of premium volume.

There is little time to act on deals packaged in 2005, the first year of really poor underwriting.

Berkshire's insurance businesses generated first-quarter underwriting profit that was' a little larger 'than during the same period a year earlier, Mr. Buffett reported.