Warren Buffett ahead of the Berkshire Hathaway Yearly Shareholder’s Meeting in Omaha, NE.
David A. Grogan | CNBC
Berkshire Hathaway on Saturday noted a large increase in working earnings in the fourth quarter, thanks to large gains in its insurance plan enterprise, although its funds pile expanded to file levels.
The Omaha-based mostly conglomerate posted functioning earnings — which refers to gains from enterprises throughout insurance policy, railroads and utilities — of $8.481 billion in the quarter ending December. That’s 28% higher than the $6.625 billion from the yr-in the past interval.
For the full yr 2023, that brought working earnings up to $37.350 billion, up 17% from $30.853 billion in the prior 12 months.
Berkshire also held $167.6 billion in funds in the fourth quarter, a document degree that surpasses the $157.2 billion the conglomerate held in the prior quarter.
Berkshire Class A shares have rallied about 16% this 12 months.
Berkshire Hathaway Course A shares