US EditionBerkshire Hathaway operating earnings fell nearly 30% in Warren Buffett’s final quarter as CEO
Operating earnings dropped nearly 30% to $10.2 billion, mainly from weaker insurance profits, marking Warren Buffett's final quarter as CEO before Greg Abel took over.
- In its late-February results, Berkshire Hathaway announced Q4 operating earnings of $10.2 billion, down more than 29% from $14.56 billion, marking Buffett's final quarter as CEO.
- Weakness in Berkshire Hathaway's insurance businesses including GEICO prompted insurance underwriting profits to plunge 54% to $1.56 billion and insurance investment income to slide nearly 25% to $3.1 billion, along with a $4.5 billion writedown on Kraft Heinz and Occidental stakes.
- The company sold 7.7 million Amazon shares, trimming its stake by 77%, sold 10.3 million Apple shares last year, and increased its Chevron stake by more than 8 million shares.
- On Saturday, Berkshire Hathaway reported full-year 2025 operating earnings of $44.49 billion, and its cash hoard of $373.3 billion slipped despite limited buybacks, with Greg Abel pledging to uphold Buffett's culture.
- With a concentrated portfolio, investors are watching Greg Abel's early moves as CEO, with more than 65% in six stocks and a 12-quarter net selling streak.
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67 Articles
New CEO releases his first letter to shareholders since Warren Buffett's retirement.
New Berkshire Hathaway CEO, Greg Abel, releases shareholder letter of 2026
Greg Abel, the new CEO of Berkshire Hathaway, released his first shareholder letter Saturday, marking a historic milestone for the iconic company.In the 20-page letter, Abel praised Warren Buffett for his guidance and leadership over the years. He assured shareholders that the company's legendary values and culture will remain core to its future.Abel said he hopes to grow Berkshire as CEO for the next 20 years, and that the company will continue…
The new head of Berkshire Hathaway, Greg Abel, pays tribute to former head of the company Warren Buffet in a shareholder letter. He also talks about his plans for the company.
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