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Berkshire Hathaway's Earnings Surge 71%, Cash Reserves Soar

2/22/2025

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Summary

Story summary

Berkshire Hathaway's fourth-quarter operating earnings soared 71% to $14.5 billion, fueled by a 302% rise in insurance underwriting.
Full-year operating profit increased 27% to $47.4 billion, despite earnings declines in 53% of businesses.
Buffett commended successor Greg Abel while acknowledging a $1.3 billion loss from California wildfires.
Cash reserves hit a record $334.2 billion, significantly up from $167.6 billion last year.

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Story summary

Berkshire Hathaway's fourth-quarter operating earnings soared 71% to $14.5 billion, fueled by a 302% rise in insurance underwriting.
Full-year operating profit increased 27% to $47.4 billion, despite earnings declines in 53% of businesses.
Buffett commended successor Greg Abel while acknowledging a $1.3 billion loss from California wildfires.
Cash reserves hit a record $334.2 billion, significantly up from $167.6 billion last year.