On November 2, 2024, Berkshire Hathaway Inc. released its earnings report for the third quarter and the first nine months of the year, ending September 30, 2024. The report, which was made public through a press release and a Form 8-K filing with the SEC, showed a significant turnaround in net earnings attributable to Berkshire shareholders, with a profit of $26,251 million in the third quarter of 2024 compared to a loss of $12,767 million in the same period of the previous year. For the first nine months, the company reported net earnings of $69,301 million in 2024, up from $58,649 million in 2023. The earnings included substantial investment gains and robust operating earnings. Notably, the investment gains in 2024 included after-tax realized gains on sales of investments amounting to $18.4 billion...Show More

On November 2, 2024, Berkshire Hathaway Inc. released its earnings report for the third quarter and the first nine months of the year, ending September 30, 2024. The report, which was made public through a press release and a Form 8-K filing with the SEC, showed a significant turnaround in net earnings attributable to Berkshire shareholders, with a profit of $26,251 million in the third quarter of 2024 compared to a loss of $12,767 million in the same period of the previous year. For the first nine months, the company reported net earnings of $69,301 million in 2024, up from $58,649 million in 2023. The earnings included substantial investment gains and robust operating earnings. Notably, the investment gains in 2024 included after-tax realized gains on sales of investments amounting to $18.4 billion in the third quarter and $76.5 billion for the nine-month period. The report also highlighted the company's insurance-underwriting and investment income, earnings from its railroad, utilities, and energy businesses, as well as other controlled and non-controlled businesses. Berkshire Hathaway also repurchased approximately $2.9 billion of its own shares during the first nine months of 2024. The company's insurance float increased to approximately $174 billion, a $5 billion rise since the end of 2023. The press release emphasized the importance of reading the more detailed 10-Q report available on the company's website for a complete investment analysis and cautioned against relying solely on the summarized earnings figures due to the volatility of investment gains and losses.