(Bloomberg) – Operational Earnings Berksshire Hathaway Inc. In the fourth quarter, it increased by 71%, as higher interest rates increased their revenue from the investment of conglomerates and improved its insurance job.
Most reading from Bloomberg
Operational earnings were $ 14.5 billion in three months until December, he said on Saturday in a statement based in Nebraska, said Warren Buffetta conglomerate. The increase was partly fueled by 48% of insurance investment revenue, at $ 4.1 billion, in the midst of larger interest rates.
The earnings also received a significant impetus from a strong recovery in business, providing insurance insurance, with operating earnings doubled over a period of $ 3.4 billion.
Geico was the main contribution to the result of Berksshire insurance, with the converter earnings more than doubled at $ 7.8 billion in 2024. The car insurer successfully added new clients in the second half, turning a perennial trend that was previously on its performance.
Refuge to insurance companies to raise the company Renaid has increased 44% in the last year.
Berksshire said he expects losses of bigger about $ 1.3 billion from fires that ravaged the entire Los Angeles parts last month.
“I don’t think people should expect the same level of performance in 2025, because the company already has an event of $ 1 billion in January, on the eve of the regular Hurricane season,” said Cathy Seifert, an analyst for CFRA, in an interview. “But the reversal in Geica, after some circumcision of their policies in certain geographical areas, is impressive and better than expected.”
Growing money
Buffett’s cash warehouse grew by the 10th quarter, to a record $ 334.2 billion at the end of 2024, as the billionaire continued to refrain from the main shares transactions in the fourth quarter. During this period, the company was a net seller in the amount of $ 6.7 billion.
In his annual letter to shareholders, Buffett was concerned that Berksshire was guarding Gotovina and reminded investors that the vast majority of the company remained invested in shares, both public and private, and that it would not change.
“Berksshire will never prefer ownership of property equivalent money in relation to ownership of good companies, whether controlled or partially owned,” Buffett said in a letter.
