Key Takeaways ALL is benefiting from rising auto renewals, strong margins and a digital transformation strategy. BRK.B's insurance arm drives growth, backed by solid pricing, underwriting, and more than $100B in cash. ALL outperforms BRK.B on return on equity, despite higher debt and geographic concentration risk.Improved pricing, rising climate-related risks and rapid digitalization are poised to shape the insurance industry's trajectory in 2025. While insurers continue to face exposure to catastrophe lo ...