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Berkshire Hathaway · United StatesWarren Buffett’s Berkshire Hathaway reported a sharp rebound in operating profit on Saturday, while its cash pile swelled to a new high with no buybacks. Berkshire’s operating profit generated from the conglomerate’s wholly owned businesses including insurance and railroads jumped 34% year over year to $13.485 billion in the third quarter. The gains were driven by a more than 200% surge in insurance underwriting income, which rose to $2.37 billion.See the Story
Berkshire’s operating earnings jump 34%, Buffett buys back no stock and raises cash hoard to $381 billion
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