Warren Buffett’s Berkshire Hathaway company reported a 7% gain in profit for the second quarter as the conglomerate saw improvements in its railroad, utilities and energy companies. Berkshire Hathaway, based in Omaha, Nebraska, said Saturday that it earned $28.1 billion, or $18,488 per Class A share, during the second quarter. A year earlier, Berkshire reported… Continue reading Berkshire Hathaway Posts 7% Gain in 2Q Profit
Tag: Berkshire Hathaway profits
Berkshire Hathaway Returns to Quarterly Profit on Insurance
Warren Buffett’s Berkshire Hathaway Inc. swung to a quarterly profit on stock-market gains and better results from its insurance business. Berkshire reported first-quarter net income of $11.7 billion, or $7,638 per Class A share equivalent, compared to a loss of $49.7 billion, or $30,653 per Class A share equivalent, in the year-earlier period. Operating earnings,… Continue reading Berkshire Hathaway Returns to Quarterly Profit on Insurance
Berkshire Hathaway’s Profit Rises, Boosted by Investment Returns
Berkshire Hathaway Inc.’s third-quarter profit rose as investments rallied, though a loss for the company’s insurance underwriting pinched its operating profit. Berkshire reported third-quarter net earnings of $30.1 billion, or $18,994 per Class A share equivalent, up from $16.5 billion, or $10,119 per Class A share equivalent, in the year-earlier period. Operating earnings, which exclude… Continue reading Berkshire Hathaway’s Profit Rises, Boosted by Investment Returns
Berkshire Hathaway’s Profit Surges Amid Stock Market Rebound
Warren Buffett’s Berkshire Hathaway Inc. said its second-quarter earnings surged 86%, as a rebound in the stock market offset a profit decline in the company’s operations and a large write-down for Precision Castparts Corp. Berkshire reported second-quarter net earnings of $26.3 billion, or $16,314 per Class A share equivalent, from $14.1 billion, or $8,608 per… Continue reading Berkshire Hathaway’s Profit Surges Amid Stock Market Rebound
Berkshire Hathaway’s Reinsurance Division Falls to Loss in 2019
Berkshire Hathaway’s insurance earnings dipped in 2019 as reinsurance related businesses suffered and dragged that segment of the Warren Buffett owned conglomerate to a loss for the year. The Berkshire Hathaway Reinsurance Group fell to an underwriting loss of -$1.472 billion for 2019, worse than 2018’s -$1.109 billion. Impacting the insurance and reinsurance related businesses… Continue reading Berkshire Hathaway’s Reinsurance Division Falls to Loss in 2019
Berkshire Hathaway Q3 Operating Profit Rises
Billionaire Warren Buffett’s Berkshire Hathaway Inc. reported that its third-quarter net earnings attributable to shareholders declined 11 percent to $16.52 billion, from last year’s $18.54 billion, with earnings per share down to $10,119 per Class A share from $11,280 per Class A share in the previous year. But, Operating earnings for the quarter rose 14… Continue reading Berkshire Hathaway Q3 Operating Profit Rises
Berkshire Hathaway Posts Rising Profit
Warren Buffett’s Berkshire Hathaway Inc. said second-quarter earnings rose due to unrealized investment gains, while the company’s cash pile grew to a record. Berkshire on Saturday reported second-quarter net earnings of $14 billion, or $8,608 per Class A share equivalent, from $12 billion, or $7,301 a share, in the year-earlier period. Operating earnings, which exclude… Continue reading Berkshire Hathaway Posts Rising Profit