Overview
- Operating earnings rose 34% to $13.485 billion as insurance underwriting income climbed to $2.37 billion after a milder catastrophe season.
- Reported net income increased 17% to $30.8 billion, reflecting gains tied to investment performance and stock sales.
- Cash and short-term Treasuries reached a record roughly $381.7 billion, with most funds parked in low‑risk U.S. bills.
- Berkshire was a net seller of equities, purchasing about $6.4 billion and selling roughly $12.4–$12.5 billion, with detailed holdings due in a mid‑November 13‑F filing.
- The company reported no share repurchases through the first nine months of 2025, and it remains on track for Greg Abel to become CEO at year‑end after agreeing in October to buy OxyChem for $9.7 billion.