# Berkshire Hathaway reported stronger Q1 operating profit despite economic headwinds impacting consumer businesses.

*business · news · 2026-05-02 · The Economic Times*

## Key points

- Berkshire Hathaway's cash pile reached a record $397.4 billion at the end of March 2024.
- The company was a net seller of stocks for the 14th straight quarter, led by Apple sales.
- Geico's pre-tax underwriting profit dropped 35% due to increased accident claims and marketing costs.
- January 2024 marked Greg Abel's first quarter as CEO, with Buffett remaining chairman.
- Berkshire shares underperformed the S&P 500 in 2026, falling 6% versus the index's 6% gain.

**Companies:** Berkshire Hathaway, Apple, Geico, BNSF, Berkshire Hathaway Energy, OCtidental Petroleum
**Countries:** United States

[Read the full story on The Economic Times](https://economictimes.indiatimes.com/markets/us-stocks/news/berkshire-hathaway-profit-rises-despite-consumer-stress-cash-sets-record/articleshow/130718623.cms)

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