Business
Berkshire Profits More Than Double on Gains in Insurance, Railroad, Energy Businesses
Berkshire Hathaway’s BRK.B -0.12%decrease; red down pointing triangle quarterly profit more than doubled during the company’s first quarter under new CEO Greg Abel, paced by stronger results from its insurance and railroad operations.
Berkshire’s pile of cash and Treasury bills rose to a record $381.1 billion after accounting for a payable for purchasing some of the short-term government debt, a nearly 2% increase from the $373.1 billion tallied at the end of 2025.
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