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Berkshire’s Insurance Float Surges Amid Profit Dip | Business and Finance News
Description
Berkshire Hathaway’s insurance float surged to $177.5 billion, fueling massive investment power—but underwriting profits dipped 13% due to rising GEICO car claims and ad spending. Still, other insurance units outperformed expectations. Overall earnings jumped 16% to nearly $13 billion, driven by manufacturing and services. For the first time in three and a half years, Berkshire bought more stocks than it sold, even boosting its Alphabet stake—proving it remains a powerhouse for diversified investors.
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