Overview
- Operating earnings rose to $13.49 billion, led by a more-than-tripled insurance underwriting profit of about $2.37 billion after a quiet catastrophe quarter.
- Net income increased 17% to roughly $30.8 billion, though overall revenue grew about 2% as some consumer and housing-related units faced softer demand.
- Cash and short-term investments climbed to approximately $381.7 billion, with most funds parked in short‑term U.S. Treasury bills.
- Berkshire repurchased no shares for a fifth straight quarter and was a net seller of equities, unloading about $12.4–$12.5 billion versus roughly $6.4 billion in purchases.
- In October the company agreed to buy Occidental Petroleum’s OxyChem unit for about $9.7 billion, and the pending handover to Greg Abel keeps attention on future capital deployment.