Warren Buffett’s Berkshire Hathaway
reported a sharp rebound in operating profit on Saturday, while its cash pile swelled to a new high with no buybacks.
Berkshire’s operating profit generated from the conglomerate’s wholly owned businesses including insurance and railroads jumped 34% year over year to $13.485 billion in the third quarter. The gains were driven by a more than 200% surge in insurance underwriting income, which rose to $2.37 billion.
Buffett once again refrained from repurchasing shares despite a significant pullback in the stock. The company said there were no share buybacks during the first nine months of 2025. Class A and B shares of the conglomerate are up 5% each in 2025, while the S&P 500 is up 16.3%.
Without any buybacks, Berkshire’s cash hoard swelled to a record $381.6 billion, surpassing the previous high of $347.7 billion set in the first quarter of this year.
https://www.cnbc.com/2025/11/01/berkshire-hathaway-brk-earnings-q3-2025.html