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Berkshire Hathaway posts its highest ever quarterly operating profit

Over the weekend, Berkshire Hathaway, led by Warren Buffett, recorded its highest-ever quarterly operating profit, reporting an overall profit of nearly $36 billion. The gains were boosted by stock holdings, rising interest rates, and increased dividend payouts. Of note was the performance of Geico car insurer which significantly improved and contributed a 38% increase in profit for Berkshire’s insurance businesses compared to Q2 2022. The gains in the insurance business helped to counterbalance... Read More

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Highest

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Quarterly

Operating

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Forex

Posted: Aug 6 2023, 22:55

Author Name: forexlive

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