Berkshire's working revenue Rose 20% in 3Q. Buybacks Totaled $1.1 Billion.

Berkshire Hathaway

working revenue rose 20% inside the third quarter, to $7.eight billion after taxes, topping expectations. The obtain was helped by elevated funding earnings as a outcome of the agency benefited from the impression of larger brief-time period fees of curiosity on its $109 billion of money and equivalents.

Berkshire generated the outsize revenue obtain regardless of struggling $three.4 billion of losses earlier than taxes — and $2.7 billion after taxes — from Hurricane Ian. the agency is a important property and casualty insurer with possession of Geico, the No. 2 auto insurance coverage agency inside the U.S. behind State Farm.


Post a Comment