Utilize the input text as a context reference, choose the right relationship between Berkshire Hathaway and insurance from the options. Options: product/material produced, manufacturer, distributed by, industry, position held, original broadcaster, owned by, founded by, distribution format, headquarters location, stock exchange, currency, parent organization, chief executive officer, director/manager, owner of, operator, member of, employer, chairperson, platform, subsidiary, legal form, publisher, developer, brand, business division, location of formation, creator.

Aug 7 (Reuters) - Warren Buffett's Berkshire Hathaway Inc said on Friday second-quarter profit fell 37 percent, reflecting a significant decline in investment gains and weaker results in its insurance operations.

Answer: industry