Berkshire Hathaway's Operating Profit Surges
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Berkshire HathawayCNBC
•Business
Business & Economics
Berkshire operating earnings surge 71% in fourth quarter, cash hoard balloons to record $334 billion
76% Informative
Warren Buffett -led conglomerate said its operating profit — which encompasses earnings from the company's wholly owned businesses — skyrocketed to $14.527 billion during the final three months of 2024 .
That was led by a whopping 302% jump in insurance underwriting from the year-earlier period to $3.409 billion .
Insurance investment income also ballooned by nearly 50% to $4.088 billion .