(BRK.A), (BRK.B)
Berkshire Hathaway’s operating earnings jumped 38.8% in the second quarter of 2020, as the conglomerate recorded sharp gains in all of its business sectors, including insurance, railroad (BNSF), and its utilities and energy businesses.
Total operating earnings were $9.283 billion for the second quarter, as compared to $6.686 billion for the same quarter in 2021.
Total operating earnings for the first six months of 2022 were $16.323 billion, as compared to $13.704 billion for the same period in 2021.
At June 30, 2022, insurance float was approximately $147 billion, relatively unchanged from yearend 2021.
© 2022 David Mazor
Disclosure: David Mazor is a freelance writer focusing on Berkshire Hathaway. The author is long in Berkshire Hathaway, and this article is not a recommendation on whether to buy or sell a stock. The information contained in this article should not be construed as personalized or individualized investment advice. Past performance is no guarantee of future results.