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Berkshire Hathaway’s profits double as shareholders gather for the annual meeting on Saturday
Insurance underwriting led the gains as Berkshire posted a record $397.4 billion cash pile under new CEO Greg Abel.
- Berkshire Hathaway shareholders gathered in Omaha, Nebraska, for CEO Greg Abel's first annual meeting, where the conglomerate reported a 17% jump in operating earnings to $11.3 billion for the first quarter.
- Berkshire's cash pile swelled to a record $397.4 billion, reflecting the conglomerate's status as a net seller of stocks for the 14th consecutive quarter as Abel took the helm.
- Insurance underwriting profit climbed 28.5% to about $1.7 billion, while Berkshire repurchased $235 million of stock in the first quarter, signaling resumed investment activity.
- Berkshire shares have dropped nearly 6% in 2026, while the S&P 500 has climbed more than 5% year to date, highlighting the stock's underperformance despite strong earnings growth.
- The 95-year-old Warren Buffett observed from the audience as Abel navigated investor questions about the conglomerate's sluggish business units and the challenges of the leadership transition.
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53 Articles
Berkshire Hathaway's Cash Pile Hits Record High as Net Earnings Surge to $10.1 Billion - Occidental Petro
Berkshire Hathaway Inc. (NYSE: BRK.A) (NYSE: BRK.B) said Saturday that first-quarter 2026 net earnings attributable to shareholders climbed to $10.106 billion, more than double the $4.603 billion posted a year earlier, as operating profit rose despite investment-market swings.
·New York, United States
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The equivalent of just over 3,661,000,000,000 SEK. That's how much financial profile Warren Buffett's investment company Berkshire Hathaway now has in its coffers.
·Stockholm, Sweden
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Connecticut Post+2 Reposted by 2 other sources
Crowd shrinks as Berkshire Hathaway's new CEO leads the annual meeting for the first time Saturday
Berkshire Hathaway’s new CEO Greg Abel opened the first annual meeting without Warren Buffett on stage Saturday. Abel was promoted to CEO in January. Thousands of people again attended the meeting,...
·Bridgeport, United States
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Total News Sources53
Leaning Left10Leaning Right10Center16Last UpdatedBias Distribution44% Center
Bias Distribution
- 44% of the sources are Center
44% Center
L 28%
C 44%
R 28%
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