business / news / / The Associated Press
Berkshire Hathaway's first-quarter profit more than doubled.
Berkshire Hathaway's first-quarter profit more than doubled to $10.1 billion compared to last year.
KEY POINTS
- 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
Summarized by Newsio from The Associated Press. How we summarize →