A turbocharger bearing assembly of a split turbocharger for an engine is disclosed in which key rotational parts are rotatably supported by a pair of spaced apart bearings located in a bore of a tubular bearing housing forming part of a bearing assembly. The rotational parts of the turbocharger bearing assembly are balanced as a unit before the turbocharger bearing assembly is assembled to a cylinder block of the engine by insertion into a bore formed in the cylinder block.