Warren Buffett forward of the Berkshire Hathaway Annual Shareholder’s Assembly in Omaha, NE.
David A. Grogan | CNBC
Berkshire Hathaway on Saturday reported a giant rise in working earnings within the fourth quarter, thanks to large positive aspects in its insurance coverage enterprise, whereas its money pile expanded to report ranges.
The Omaha-based conglomerate posted working earnings — which refers to earnings from companies throughout insurance coverage, railroads and utilities — of $8.481 billion within the quarter ending December. That is 28% above the $6.625 billion from the year-ago interval.
For the total 12 months 2023, that introduced working earnings as much as $37.350 billion, up 17% from $30.853 billion within the prior 12 months.
Berkshire additionally held $167.6 billion in money within the fourth quarter, a report stage that surpasses the $157.2 billion the conglomerate held within the prior quarter.
Berkshire Class A shares have rallied roughly 16% this 12 months.
Berkshire Hathaway Class A shares
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