Berkshire Hathaway has reported a strong bounce back in operating earnings in its third quarter earnings, released over the weekend, as a new CEO is poised to take over.
The results were strong, as operating earnings reported a 34% boost, or US$13.485 billion.
The conglomerate, which covers a range of industries from insurance to energy and manufacturing, also saw an uptick in its cash pile to the tune of $382 billion, marking a new record.
Insurance underwriting income was the driving factor behind the upswings, which went from $750 million the same time last year, to $2.3 billion for this Q3 2025, an increase of over 200%.
There was no sign of repurchasing shares again this quarter.
Warren Buffett, age 95, announced earlier this year he would be stepping down from the business in a CEO capacity after 60 years, but will remain on as the chairman of the board.
Taking over the role, from January, is Greg Abel, current vice chairman of non-insurance operations at the conglomerate, who will issue his first letter to shareholders in February.
