Index Investing News
Sunday, May 25, 2025
No Result
View All Result
  • Login
  • Home
  • World
  • Investing
  • Financial
  • Economy
  • Markets
  • Stocks
  • Crypto
  • Property
  • Sport
  • Entertainment
  • Opinion
  • Home
  • World
  • Investing
  • Financial
  • Economy
  • Markets
  • Stocks
  • Crypto
  • Property
  • Sport
  • Entertainment
  • Opinion
No Result
View All Result
Index Investing News
No Result
View All Result

Berkshire Hathaway (BRK.A) earnings Q4 2023

by Index Investing News
February 24, 2024
in Stocks
Reading Time: 3 mins read
A A
0
Home Stocks
Share on FacebookShare on Twitter


Warren Buffett ahead of the Berkshire Hathaway Annual Shareholder’s Meeting in Omaha, NE.

David A. Grogan | CNBC

Berkshire 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.

Stock Chart IconStock chart icon

Berkshire Hathaway Class A shares

Geico, the auto insurer considered Buffett’s “favorite child,” reported a profitable year, with net underwriting earnings of $5.428 billion in 2023. The improved earnings was driven by premium rate increases and lower claims last year.

Meanwhile, Burlington Northern Santa Fe (BNSF) reported full-year net earnings of $5.087 billion last year, a 14% drop from $5.946 billion in the prior year.

Insurance underwriting surged to $848 million in the fourth quarter, spiking 430% from $160 million from the year-ago period, driving operating earnings for the conglomerate.

Insurance investment income also rose to $2.759 billion on a quarterly basis, up 37% from $2.0 billion in the same period in the year prior.

But operating earnings from railroads fell in the fourth quarter, as it did in utilities and energy. Operating earnings from railroads dropped to $1.355 billion, down from $1.469 billion a year ago. Operating earnings for utilities and energy fell to $632 million, down from $739 million the prior year.

Overall Berkshire earnings, which include the company’s investment gains from publicly traded companies, more than doubled during the quarter from the year-earlier period, reaching $37.57 billion. For the full year, overall profits came in at $96.22 billion.

The conglomerate, however, included its usual disclaimer advising investors to look past fluctuations in quarterly results.

“We believe that investment gains and losses on investments in equity securities, whether realized from dispositions or unrealized from changes in market prices, are generally meaningless in understanding our reported periodic results or evaluating the economic performance of our operating businesses,” read a statement in the annual report.



Source link

Tags: BerkshireBRKAEarningsHathaway
ShareTweetShareShare
Previous Post

Expert Reflections on the War in Ukraine, Two Years After Russia’s Invasion

Next Post

Warren Buffett says Berkshire may only do slightly better than the average company due to its sheer size

Related Posts

THW: Revenue Traders Probably To Face A Large Distribution Minimize

THW: Revenue Traders Probably To Face A Large Distribution Minimize

by Index Investing News
May 25, 2025
0

This text was written byObserveTrapping Worth is a crew of analysts with over 40 years of mixed expertise producing choices...

LRGF: Low-Charge Issue ETF With Convincing Efficiency Is A Purchase (NYSEARCA:LRGF)

LRGF: Low-Charge Issue ETF With Convincing Efficiency Is A Purchase (NYSEARCA:LRGF)

by Index Investing News
May 25, 2025
0

This text was written byObserveVasily Zyryanov is a person investor and author.He makes use of numerous methods to seek out...

TreeHouse Meals: Effectivity Beneficial properties Priced In, Truthful Valuation Helps Maintain (NYSE:THS)

TreeHouse Meals: Effectivity Beneficial properties Priced In, Truthful Valuation Helps Maintain (NYSE:THS)

by Index Investing News
May 24, 2025
0

This text was written byObserveI'm an enthusiastic fairness analysis and funding analyst with a powerful curiosity in making use of...

Seagate Know-how Holdings plc (STX) Seagate 2025 Investor and Analyst Convention – (Transcript)

Seagate Know-how Holdings plc (STX) Seagate 2025 Investor and Analyst Convention – (Transcript)

by Index Investing News
May 23, 2025
0

Seagate Know-how Holdings plc (NASDAQ:STX) Seagate 2025 Investor and Analyst Convention Name Could 22, 2025 9:00 AM ET Firm Members...

2 BDCs That Qualify For The Retirement Earnings League

2 BDCs That Qualify For The Retirement Earnings League

by Index Investing News
May 23, 2025
0

This text was written byObserveRoberts Berzins has over a decade of expertise within the monetary administration serving to top-tier corporates...

Next Post
Warren Buffett says Berkshire may only do slightly better than the average company due to its sheer size

Warren Buffett says Berkshire may only do slightly better than the average company due to its sheer size

Thomas Piketty versus Taylor Swift

Thomas Piketty versus Taylor Swift

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

RECOMMENDED

North Carolina Courage thump Chicago Red Stars 5-0

North Carolina Courage thump Chicago Red Stars 5-0

June 11, 2023
5 Issues That Ought to Matter Extra to Traders Than Curiosity Charges

5 Issues That Ought to Matter Extra to Traders Than Curiosity Charges

October 26, 2024
When is India’s next match in the 2023 World Cup?

When is India’s next match in the 2023 World Cup?

November 3, 2023
The Argument for Adopting a Reagan Strategy in Ukraine

The Argument for Adopting a Reagan Strategy in Ukraine

September 13, 2023
Mercedes-Benz 2024 automobile gross sales fall in robust 12 months for automakers

Mercedes-Benz 2024 automobile gross sales fall in robust 12 months for automakers

January 10, 2025
Megan Fox & Machine Gun Kelly Wear Furry Bucket Hats: Photos – Hollywood Life

Megan Fox & Machine Gun Kelly Wear Furry Bucket Hats: Photos – Hollywood Life

November 5, 2022
The Early Days of Cinema, Defined

The Early Days of Cinema, Defined

July 18, 2022
Offers Are HERE for These “Thawing” Actual Property Markets

Offers Are HERE for These “Thawing” Actual Property Markets

January 23, 2025
Index Investing News

Get the latest news and follow the coverage of Investing, World News, Stocks, Market Analysis, Business & Financial News, and more from the top trusted sources.

  • 1717575246.7
  • Browse the latest news about investing and more
  • Contact us
  • Cookie Privacy Policy
  • Disclaimer
  • DMCA
  • Privacy Policy
  • Terms and Conditions
  • xtw18387b488

Copyright © 2022 - Index Investing News.
Index Investing News is not responsible for the content of external sites.

No Result
View All Result
  • Home
  • World
  • Investing
  • Financial
  • Economy
  • Markets
  • Stocks
  • Crypto
  • Property
  • Sport
  • Entertainment
  • Opinion

Copyright © 2022 - Index Investing News.
Index Investing News is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In