Operating profit ($112.8 billion, according to Forbes magazine) of American holding company Berkshire Hathaway, owned by investor Warren Buffett, rose 12.6% to $8.065 billion in the first quarter of 2023 (January-March). it contains in the company’s report.
Much of the increase in the financial group came from the insurance business owned by the conglomerate. All profits in this direction totaled $2.88 billion compared to $1.34 billion received in the same period 2022.
Auto insurer Geico earned $703 million from higher average premium payments from car owners. The indicator rose for the first time after several unprofitable quarters in a row.
The company’s net profit (operating profit + stock market trading results) increased by 6.3 times compared to the January-March 2022 period, reaching $35.5 billion.
CNN in the second half of June 2022 reportedAn anonymous financier paid a record $19 million for a special steak dinner with Buffett.