Buffett’s Berkshire posts file revenue on insurance coverage, investments

Warren Buffett’s Berkshire Hathaway on Saturday posted its third straight file annual working revenue, bolstered by massive will increase in underwriting earnings and funding earnings in its insurance coverage companies.

Working revenue rose 27% to $47.44 billion in 2024 from $37.35 billion a 12 months earlier.

Fourth-quarter working revenue additionally set a file, rising 71% to $14.53 billion, or about $1,010 per Class A share, from $8.48 billion a 12 months earlier, reflecting positive aspects in its insurance coverage operations and from international forex modifications.

Quarterly web earnings totalled $19.69 billion, or $13,695 per common equal share, as the worth of Berkshire’s holdings in Apple, American Categorical and different shares elevated. For the 12 months, web earnings totalled $89 billion.