Berkshire Hathaway Inc.’s insurance operations pretax earnings increased more than 15-fold in the third quarter to $5.93 billion from $387 million a year earlier.
Tag: Berkshire Hathaway
More than 50,000 to Lose Homeowners Insurance as Two More Insurers Exit California
AmGUARD Insurance—a subsidiary of Berkshire Hathaway GUARD Insurance Companies—will withdraw its homeowners and personal umbrella programs in California, while Falls Lake Insurance will also end its homeowners program.
Warren Buffett’s Berkshire Hathaway Reports Solid Rise in Earnings as Geico Swings into Profitability
Warren Buffett’s Berkshire Hathaway Inc. posted an increase in operating earnings after its auto-insurer Geico swung to profitability following some six quarters of losses
Warren Buffett Talks Banking Crisis with Biden Team
Warren Buffett has been in touch with senior officials in President Joe Biden’s administration in recent days as the regional banking crisis unfolds.
Warren Buffett’s Berkshire Hathaway Posts Big 2022 Loss in Rocky Market
Mr. Buffett’s portfolio took a hit with Berkshire posting a loss for 2022 in large part due to investment losses.
Berkshire Shareholders Vote to Keep Buffett as Chairman, Reject Climate Disclosures
Berkshire Hathaway Inc. shareholders on Saturday rejected proposals to have an independent chair replace Warren Buffett and require his company to disclose more about its climate-related risks and efforts to improve diversity. Shareholders supported letting Buffett keep both the chairman and chief executive roles by a nearly 6-to-1 margin, Berkshire said at its annual meeting… Continue reading Berkshire Shareholders Vote to Keep Buffett as Chairman, Reject Climate Disclosures
Berkshire Rejects Shareholder Call to Replace Warren Buffett as Chairman
Berkshire Hathaway Inc on Friday urged the rejection of four shareholder proposals recommending that it replace Warren Buffett as chairman, report on its plans to handle climate risk and reduce greenhouse gases and improve diversity. The company, run by Buffett since 1965, also said the 91-year-old received $373,204 in compensation for 2021, down from $380,328… Continue reading Berkshire Rejects Shareholder Call to Replace Warren Buffett as Chairman
Buffett’s Berkshire Opposes Shareholders’ Climate Change, Diversity Proposals
Warren Buffett’s Berkshire Hathaway Inc on Monday urged the rejection of shareholder proposals that annual reports be produced about its efforts to address climate change and promote diversity and inclusion. The proposals were disclosed in Berkshire’s annual proxy filing, ahead of the Omaha, Nebraska-based company’s scheduled May 1 annual meeting. Berkshire also said Buffett’s compensation… Continue reading Buffett’s Berkshire Opposes Shareholders’ Climate Change, Diversity Proposals
Berkshire Hathaway Says Blue-Chip Law Firm Aided M&A Fraud
Berkshire Hathaway may have found a way to get back some of the hundreds of millions of dollars it lost after buying a seemingly solid German pipe maker that turned out to be on the verge of going bust. The conglomerate, led by Warren E. Buffett, is suing Jones Day, the law firm that represented… Continue reading Berkshire Hathaway Says Blue-Chip Law Firm Aided M&A Fraud
Berkshire’s COVID-19 Exposure Potentially Greater but Manageable: Analysts
Analysts at Morgan Stanley have said that although Berkshire Hathaway could be exposed to losses from the impacts of the global COVID-19 pandemic in a number of business lines, losses should be manageable for Warren Buffett’s property and casualty (P&C) reinsurance operation. As events around the world continue to be either postponed or cancelled, businesses… Continue reading Berkshire’s COVID-19 Exposure Potentially Greater but Manageable: Analysts