"Berkshire Hathaway's Record Cash and Profits Surge: What's Next for Warren Buffett?"
TL;DR Summary
Berkshire Hathaway reported a 28% increase in operating earnings in the fourth quarter, driven by gains in its insurance business, with a record cash pile of $167.6 billion. Geico, the auto insurer, had a profitable year, while Burlington Northern Santa Fe reported a 14% drop in net earnings. Overall earnings more than doubled during the quarter, reaching $37.57 billion, with a full-year profit of $96.22 billion.
- Berkshire Hathaway operating earnings jump 28% in the fourth quarter, cash pile surges to record CNBC
- Berkshire’s Operating Profits Rose 28% in Fourth Quarter. Cash Hit a Record $167 Billion. Barron's
- Buffett's Berkshire posts record profit, quarterly results also rise Yahoo Finance
- A $150 Billion Question: What Will Warren Buffett Do With All That Cash? The Wall Street Journal
- Buffett's Berkshire Posts Record Cash as Operating Earnings Rise Bloomberg
Reading Insights
Total Reads
0
Unique Readers
1
Time Saved
2 min
vs 2 min read
Condensed
83%
399 → 66 words
Want the full story? Read the original article
Read on CNBC