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Berkshire Hathaway Inc.’s cash pile jumped to its highest level ever, reaching $397 billion.
Berkshire Hathaway's cash pile reached a record $397 billion in Greg Abel's first quarter as CEO.
KEY POINTS
- Abel resumed Berkshire's stock buybacks, repurchasing $234.2 million in shares after a year-long pause.
- Berkshire offloaded a net $8.1 billion in equity holdings, departing from past investment strategies.
- Insurance underwriting earnings surged 29% to $1.7 billion, rebounding from prior disaster-related losses.
- Todd Combs's equity holdings were sold after his departure, as reported by the Wall Street Journal.
COMPANIES
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