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Comments Berkshire Hathaway (NYSE:BRK.A)(NYSE:BRK.B) on Saturday posted a nearly 34% gain in operating profit, helped by a strong performance in its insurance underwriting business. Meanwhile, the sprawling conglomerate's cash pile swelled to record levels amid no share buybacks, approaching $390B. This Quick Insights Berkshire's insurance underwriting operating earnings more than tripled year-over-year to $2.37B in Q3 due to fewer catastrophe losses and an impact from a bankruptcy settlement. The cash pile reached $381.67B, a record high, as the company again held back from share repurchases, even as its shares underperformed the S&P 500. Insurance underwriting saw strong gains, railroads had modest growth, energy earnings fell, and manufacturing, service, and retail improved moderately. Recommended For You More Trending News
