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

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 fully owned by Berkshire, showed a decrease in revenues but an increase in pre-tax earnings for Q2 2024. The manufacturing, service, and retailing sectors experienced mixed results, with manufacturing showing revenue growth and service and retailing seeing a decrease in revenues and pre-tax earnings. The company's future plans include significant capital expenditures, particularly for BHE and BNSF, totaling approximately $7.4 billion for the remainder of 2024. Berkshire Hathaway's financial condition remains strong, with substantial liquidity and a solid capital base, as evidenced by shareholders' equity of $601.7 billion and significant operating cash flows.