Berkshire Hathaway Posts Record Profits in Q2 Driven by Insurance Gains

Operating earnings rose to a record $10 billion, up 6.6% year-over-year.
Insurance underwriting profits increased 74% to $1.25 billion, led by improvements at Geico.
Higher investment income and dividends also contributed to Berkshire's strong quarterly results.
Net income swung to a profit of $35.9 billion compared to a loss last year.
Berkshire's cash pile grew to $147 billion, providing Buffett ample capital for acquisitions.