Reported about 9 hours ago
Berkshire Hathaway Inc. reported a remarkable 71% increase in operating earnings in Q4, driven by improved investment income from higher interest rates and a robust recovery in its insurance sector. Operating earnings reached $14.5 billion, bolstered by a 48% rise in insurance investment income. The company's cash reserves grew to a new high of $334.2 billion, even as it sold off $6.7 billion in shares, and Warren Buffett reassured investors of a continued focus on equity investments over cash hoarding.
Source: YAHOO