# Berkshire Hathaway's first-quarter profit more than doubled.

*business · news · 2026-05-02 · The Associated Press*

## Key points

- Berkshire Hathaway's first-quarter profit more than doubled to $10.1 billion compared to last year.
- Greg Abel led the annual meeting as CEO for the first time after being promoted in January.
- Berkshire Hathaway recorded a $5.8 billion gain on stocks it sold during the quarter.
- Berkshire's cash pile reached $397.4 billion at the end of the first quarter.
- The insurance unit's underwriting profit rose to $1.7 billion from $1.34 billion last year.

**Companies:** Berkshire Hathaway
**Countries:** United States

[Read the full story on The Associated Press](https://apnews.com/article/berkshire-hathaway-warren-buffett-meeting-greg-abel-f0799a04e40a7eaf81c9fd5dac0aa95e)

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