Warren Buffett's Empire Hits Record: Berkshire Hathaway's Earnings Skyrocketed in Q4

Berkshire Hathaway reported a significant increase in Q4 operating earnings, thanks to its insurance business.

Published on February 24, 2024 Image source: Google Created by Pradeep

Q4 operating earnings reached $8.481 billion, a 28% rise from the previous year's $6.625 billion.

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The rise in earnings was driven by gains across insurance, railroads, and utilities sectors.

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This surge in Q4 earnings contributed to a yearly total of $37.350 billion in operating earnings for 2023.

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The annual earnings marked a 17% increase from 2022's $30.853 billion.

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Alongside earnings growth, Berkshire's cash reserves also hit a record high.

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The conglomerate's cash pile expanded to $167.6 billion in the fourth quarter.

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This new record surpasses the previous quarter's $157.2 billion cash reserve.

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The growth in cash reserves and operating earnings highlights Berkshire's robust financial health.

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The Omaha-based conglomerate continues to see significant gains, positioning itself strongly for future endeavors.

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