Reported about 15 hours ago
Berkshire Hathaway, led by Warren Buffett, reported a staggering 71% increase in operating earnings for the fourth quarter, reaching a record $14.5 billion, while full-year net income dipped 7.5% to $89 billion. The company attributed its success to improved investment income, particularly from Treasury Bills, and a 66% rise in earnings from its insurance divisions, notably Geico. Berkshire's cash reserves hit an all-time high of $334.2 billion as it continues to seek valuable investments, all while Buffett acknowledges his eventual retirement.
Source: YAHOO