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2025-11-01 20:46:16
Before his retirement, Berkshire Hathaway released its final earnings report on Saturday, showing operating profit of $13.49 billion in the third quarter, a 34% increase from $10.09 billion in the same period last year. This growth was attributed to improved underwriting performance in its insurance business. The Buffett-led conglomerate indicated continued caution regarding the market and valuations. As of the end of September, the group held a record $381.67 billion in cash and cash equivalents, did not repurchase any shares in the third quarter, and has been a net seller of stocks for 12 consecutive quarters.
