earnings
confidence high
sentiment positive
materiality 0.70
Berkshire Q2 operating earnings $6.7B, up 21% YoY; $6B in buybacks
BERKSHIRE HATHAWAY INC
- Net earnings of $28.1B (Class A $18,488/share); operating earnings $6.7B vs $5.5B in Q2 2020.
- Railroad/utilities/energy segment earned $2.3B (up 28% YoY); insurance underwriting $376M (down 53% YoY).
- Share repurchases totaled $6.0B in Q2, $12.6B in first six months of 2021.
- Insurance float rose to ~$142B at June 30, up $4B since year-end 2020.
- GAAP investment gains of $21.2B in Q2 include $21.0B unrealized; company calls GAAP net figures 'extremely misleading'.