Subject: Re: OT: MKL getting whacked
Hope Ajit and his team have somewhat better news for Q4.

Ajit should have extremely good results for Q4 given that the rest of his 'extremely unbalanced' Florida risk will be officially recognized as profit. GEICO should also show another profitable quarter. In general I would expect Q4 to be a very good underwriting profit quarter for BRK and will probably be the source of any errors in people currently estimating year-end book value.