Berkshire Hathaway's Operating Profit Slips as GEICO Claims Costs Climb
The drag was car insurance, not catastrophes — while the cash pile grew and the buyback accelerated.
2 sourced reports attached to this file.
Verified identity
The identity and ticker come from the SEC’s official company ticker mapping. Market and editorial coverage are not inferred from that record.
Market price
Latest quoteOpens Google
TickerGrove coverage
The drag was car insurance, not catastrophes — while the cash pile grew and the buyback accelerated.
Buffett becomes chairman emeritus effective immediately, ending a chairmanship that began in 1970. The move completes Berkshire's long-planned succession: Greg Abel runs the $1 trillion company, son Howard takes the board chair, and Susan Decker stays lead independent director.
Research foundation
Company analysis
Revenue is the top-line amount recognized from a company’s activities under its accounting policy.
Company analysis
The income statement records revenue and expenses over a period.
Investing basics
A stock is an ownership interest in one company.