Berkshire Hathaway Insurance Underwriting Gains in 3Q

Article 0 Comments Berkshire Hathaway Inc.’s insurers dodged the worst of losses caused by Hurricane Florence as the businesses kept up their rebound from a rough 2017. The company’s operating profit doubled last quarter, capitalizing on trends ranging from more train traffic on its railroad to a surge in demand […]

What Will Buffett Do with Berkshire’s $111 Billion Cash Pile?

Article 3 Comments Warren Buffett’s Berkshire Hathaway Inc. gave him more leeway to make stock buybacks last month. Now, after the company said its cash pile has swelled to $111 billion, some investors are wondering when they might reap the benefits. Berkshire’s second-quarter results released Saturday didn’t detail how many […]

Berkshire’s Q2 Insurance Profit Rises to $943M Compared to Loss of $22M in Q2 2017

Article 0 Comments This year’s looking brighter for Berkshire Hathaway Inc.’s insurance businesses after 2017’s hurricanes led to the first annual underwriting loss in more than a decade. Auto insurer Geico and the company’s namesake reinsurance business helped lift underwriting to a profit in the second quarter, adding to earnings […]

Berkshire Hathaway Reports Q1 ‘Accounting’ Loss But Insurance Profit

Article 0 Comments Warren Buffett lost money but had a pretty good quarter. Berkshire Hathaway Inc. on Saturday reported an unusual quarterly net loss, the result of an accounting change that Buffett had warned would produce “wild” but in his view meaningless swings in results. But Berkshire also ended a […]