Berkshire Hathaway says its first-quarter net income rose 49 percent on the strong performance of its insurance businesses, and the company says it has the capacity and desire to write more business.

The Omaha, Neb.-based company, home of underwriters Geico and General Re, says its insurance-revenues segment was up 18 percent to $33 billion, with group earnings before taxes increasing 110 percent to $2.39 billion.

Total company net income was up $1.65 billion to $5.02 billion and revenues increased 15 percent to $44 billion.

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