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Berkshire Hathaway reported stronger Q1 operating profit despite economic headwinds impacting consumer businesses.
Berkshire Hathaway's cash pile reached a record $397.4 billion at the end of March 2024.
KEY POINTS
- 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
Summarized by Newsio from The Economic Times. How we summarize →