Berkshire Hathaway reports record $382B reserve, positive 3rd quarter
Nov. 1 (UPI) — Berkshire Hathaway has a record-high cash reserve of $381.7 billion after increasing its third-quarter earnings by 34% from a year ago, the firm said in its quarterly report on Saturday.
Berkshire Hathaway generated $13.485 billion in revenue during the third quarter, which is a 34% increase from $10.1 billion a year earlier.
“Investment income continues to benefit from rising cash balances and relatively high, though declining, yields on cash and short-term securities,” Edward Jones analyst James Shanahan wrote after the earnings report was released, as reported by MarketWatch.
Income from insurance underwriting topped $2.37 billion during the quarter, which was a 200% increase, partly due to relatively little by way of natural disasters and other common drivers of catastrophic losses.
The Omaha, Neb.-based conglomerate’s primary insurance and reinsurance companies produced pre-tax quarterly profits after reporting losses a year ago.
Although its insurance sectors posted profits, property and casualty insurer GEICO’s underwriting profits dropped by 13% due to an increase in claim amounts, according to Bloomberg.
Berkshire Hathaway’s Class A and Class B shares each rose 5%in value so far in 2025, and the firm did not undertake share buybacks through the first nine months of the year, CNBC reported.
It’s also the fifth consecutive quarter in which Berkshire Hathaway did not buy back any shares, which boosted its cash reserves to its current record of $381.6 billion.
That amount exceeds the prior record of $347.7 billion, which was set during the year’s first quarter.
Berkshire Hathaway also continued its recent trend of selling more equities than it buys, with a $10.4 billion gain from equities sales.
