Berkshire Hathaway reported a 34% increase in its quarterly operating profit, driven by improved underwriting performance within its insurance operations. This strong financial result comes as the company prepares for Warren Buffett's departure as chief executive.
The conglomerate's cash reserves continued to grow, soaring to a new record high. This immense liquidity provides Berkshire Hathaway with substantial strategic flexibility for future investments and acquisitions.
This financial report is the last before Warren Buffett officially steps down as CEO at the end of 2025, highlighting the company's robust health as it transitions to new leadership.
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