Berkshire Hathaway’s Earnings Surge 71% on Higher Interest Rates and Insurance Growth
Berkshire Hathaway Inc.’s operating earnings surged 71% in the fourth quarter, driven by higher interest rates lifting investment income and an improved insurance business. Operating earnings reached $14.5 billion, with a significant boost from insurance underwriting, which quadrupled to $3.4 billion. GEICO, Berkshire’s main auto insurer, saw its pretax underwriting earnings more than double to … Read more