Berkshire Hathaway operating earnings jump 28% in the fourth quarter, cash pile surges to record
Publishing timestamp: 2024-02-24 09:14:59
Summary
Berkshire Hathaway reported a big rise in operating earnings in the fourth quarter, thanks to gains in its insurance business. The conglomerate also saw its cash pile expand to record levels, with operating earnings for the full year up 17% from the prior year. Geico and Burlington Northern Santa Fe also reported profitable years. Overall earnings more than doubled during the quarter, reaching $37.57 billion.
Sentiment: POSITIVE
Keywords: business news, markets, business, breaking news: markets, stock markets, economy, earnings, berkshire hathaway inc, market insider,
Source: https://www.cnbc.com/2024/02/24/berkshire-hathaway-brka-earnings-q4-2023.html