earnings
confidence high
sentiment negative
materiality 0.75
Berkshire Q3 net loss $2.7B (-$1,832/Class A) on $10.4B investment losses; operating earnings up
BERKSHIRE HATHAWAY INC
- Net loss of $2,688M ($1,832 loss per Class A share); operating earnings of $7,761M, up 20% YoY.
- Investment losses of $10,449M included $10.1B unrealized losses from equity holdings.
- Repurchased $1.05B of Berkshire shares in Q3; YTD total $5.25B.
- Insurance float reached $150B, up $3B from year-end 2021.
- Railroad earnings $1,442M vs $1,538M YoY; utilities/energy $1,585M vs $1,496M.