HomeFinance NewsFinanceWarren Buffett's Berkshire Hathaway Unveils Mind-Blowing Q4 Earnings, Making Investors Cash In!

Warren Buffett’s Berkshire Hathaway Unveils Mind-Blowing Q4 Earnings, Making Investors Cash In!


Berkshire Hathaway operating earnings jump 28% in the fourth quarter, cash pile surges to record


Berkshire Hathaway reported a significant increase in operating earnings for the fourth quarter of 2023 and the full year, primarily driven by a surge in its insurance business.

The company’s remarkable cash pile also reached a record high.

Highlights: – Operating earnings rose by 28% in the fourth quarter to $8.481 billion, surpassing the $6.625 billion earned in the same period in 2022.

– The full year saw a 17% increase in operating earnings, reaching $37.350 billion, compared to $30.853 billion in the previous year.

– Berkshire’s cash on hand expanded to $167.6 billion, breaking the previous record of $157.2 billion held in the third quarter of 2023.

– The company’s automotive insurer, Geico, reported a profitable year, benefiting from higher premium rates and lower claims.

– Berkshire’s railroad operations, Burlington Northern Santa Fe (BNSF), faced a decline in earnings, partially offset by gains in the insurance sector.

– Insurance underwriting soared by 430% in the fourth quarter, contributing to a substantial increase in overall earnings.

– Berkshire reiterates its perspective that quarterly investment gains and losses may not accurately reflect the economic performance of its operating businesses.

  • Overall sentiment: positive
  • Positive

    “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.”

    “Operating earnings rose to $37.350 billion in 2023, up 17% from $30.853 billion in the prior year.”


    “Operating earnings from railroads fell in the fourth quarter, as it did in utilities and energy.”

    “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.”

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