Warren Buffett ahead of the Berkshire Hathaway Annual Shareholder’s Meeting in Omaha, NE.David A. Grogan | CNBCBerkshire Hathaway on Saturday reported a big rise in operating earnings in the fourth quarter, thanks to huge gains in its insurance business, while its cash pile expanded to record levels.The Omaha-based conglomerate posted operating earnings — which refers to profits from businesses across insurance, railroads and utilities — of $8.481 billion in the quarter ending December. That’s 28% above the $6.625 billion from the year-ago period.For the full year 2023, that brought operating earnings up to $37.350 billion, up 17% from $30.853 billion in the prior year.Berkshire also held $167.6 billion in cash in the fourth quarter, a record level that surpasses the $157.2 billion the conglomerate held in the prior quarter.Berkshire Class A shares have rallied roughly 16% this year. [embedded content]Berkshire Hathaway Class A shares
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[mwai_chat context=”Let’s have a discussion about this article:nnWarren Buffett ahead of the Berkshire Hathaway Annual Shareholder’s Meeting in Omaha, NE.David A. Grogan | CNBCBerkshire Hathaway on Saturday reported a big rise in operating earnings in the fourth quarter, thanks to huge gains in its insurance business, while its cash pile expanded to record levels.The Omaha-based conglomerate posted operating earnings — which refers to profits from businesses across insurance, railroads and utilities — of $8.481 billion in the quarter ending December. That’s 28% above the $6.625 billion from the year-ago period.For the full year 2023, that brought operating earnings up to $37.350 billion, up 17% from $30.853 billion in the prior year.Berkshire also held $167.6 billion in cash in the fourth quarter, a record level that surpasses the $157.2 billion the conglomerate held in the prior quarter.Berkshire Class A shares have rallied roughly 16% this year. [embedded content]Berkshire Hathaway Class A sharesnnDiscussion:nn” ai_name=”RocketNews AI: ” start_sentence=”Can I tell you more about this article?” text_input_placeholder=”Type ‘Yes'”]
