Berkshire Hathaway profit falls as insurance underwriting declines - Yahoo Finance

Buffett, chairman and CEO of Berkshire Hathaway, takes his seat to speak at the Fortune's Most Powerful Women's Summit in Washington

(Reuters) - Berkshire Hathaway Inc <BRKa.N> on Saturday said its quarterly operating profit fell, as the conglomerate run by billionaire Warren Buffett reported less income from insurance underwriting.

Second-quarter operating profit declined 11% to $6.14 billion from $6.89 billion a year earlier.

Berkshire also said quarterly net income rose 17%, reflecting larger gains from investments than a year earlier.

Net income rose to $14.07 billion, or $8,608 per Class A share, from $12.01 billion, or $7,301 per Class A share, a year earlier.

(Reporting by Jonathan Stempel in New York; Editing by Hugh Lawson)

Let's block ads! (Why?)

https://finance.yahoo.com/news/berkshire-hathaway-profit-falls-insurance-122102592.html

2019-08-03 12:21:00Z
CBMiV2h0dHBzOi8vZmluYW5jZS55YWhvby5jb20vbmV3cy9iZXJrc2hpcmUtaGF0aGF3YXktcHJvZml0LWZhbGxzLWluc3VyYW5jZS0xMjIxMDI1OTIuaHRtbNIBX2h0dHBzOi8vZmluYW5jZS55YWhvby5jb20vYW1waHRtbC9uZXdzL2JlcmtzaGlyZS1oYXRoYXdheS1wcm9maXQtZmFsbHMtaW5zdXJhbmNlLTEyMjEwMjU5Mi5odG1s

Bagikan Berita Ini