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Warren Buffett previous to Berkshire Hathaway’s annual shareholder assembly in Omaha, NE.
David A. Grogan | CNBC
Berkshire Hathaway on Saturday reported a giant soar in fourth-quarter working revenue, thanks to very large positive factors in its insurance coverage enterprise, whereas increasing its money pile to file ranges.
The Omaha-based conglomerate posted working revenue — which refers back to the income of firms within the insurance coverage, railroads and utilities industries — of $8.481 billion within the quarter ended December. That’s 28% greater than the $6.625 billion of the identical interval final yr.
For the total yr 2023, that introduced working revenue to $37.350 billion, up 17% from $30.853 billion within the earlier yr.
Berkshire additionally held $167.6 billion in money within the fourth quarter, a file degree that surpasses the $157.2 billion the conglomerate held within the earlier quarter.
Berkshire Class A shares are up about 16% this yr.
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Berkshire Hathaway Class A Shares
Berkshire Hathaway (BRK.A) This autumn 2023 earnings
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