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.
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