earnings
confidence high
sentiment neutral
materiality 0.60
Berkshire Q1 operating earnings flat at $7.04B; net earnings fall to $5.46B on investment losses
BERKSHIRE HATHAWAY INC
- Operating earnings $7.04B vs $7.02B YoY; insurance-underwriting plunged to $47M from $764M.
- Net earnings $5.46B vs $11.71B, driven by $1.58B after-tax investment/derivative losses.
- Share repurchases totaled ~$3.2B in Q1 2022; insurance float rose ~$1B to $148B.
- All directors re-elected; shareholder proposals on independent chair, climate, and diversity defeated.
- Bylaws amended to update forum for derivative/33 Act claims; NYSE compliance restored with independent director election.