Economy Country February 22, 2025

Berkshire Hathaway Reports Significant Q4 Profit Increase

Berkshire Hathaway announced a huge increase in fourth-quarter profits, largely driven by the insurance sector, highlighting strong financial performance.


Berkshire Hathaway Reports Significant Q4 Profit Increase

Berkshire Hathaway announced a significant increase in profits in the fourth quarter, largely due to the significant growth in the insurance sector. Warren Buffett, the head of Berkshire Hathaway, noted: "The increase in profits from insurance operations significantly contributed to the company's overall good performance." The company's profit in the last quarter amounted to $35.8 billion, which exceeded analysts' forecasts. In total, the annual profit of Berkshire Hathaway was $42.5 billion.