Summary by Futu AI
Berkshire Hathaway-A reported a robust financial performance in the second quarter of 2024, with significant growth in net earnings attributable to shareholders, which reached $30,348 million, compared to $35,912 million in the same period in 2023. The company's insurance underwriting business saw a substantial increase in after-tax earnings, rising from $1,247 million in Q2 2023 to $2,263 million in Q2 2024, largely due to improved operations at GEICO and the absence of significant catastrophe events. Investment income from insurance also saw a notable increase, driven by higher interest income from short-term investments in U.S. Treasury Bills. BNSF's after-tax earnings experienced a slight decline, while Berkshire Hathaway Energy's earnings decreased in Q2 but increased over the first six months of 2024. Pilot Travel Centers, now...Show More