Berkshire posts Q3 GAAP loss of $12.8B on $24.1B unrealized losses; operating earnings up 41% to $10.8B

BERKSHIRE HATHAWAY INC

Q3 net loss of $12.8B ($8,824/Class A share) vs $2.8B loss last year; operating earnings rose to $10.8B from $7.7B.
Insurance-underwriting swung to $2.4B profit from $1.1B loss; insurance investment income grew 75% to $2.5B.
Utilities & energy earnings fell 69% to $0.5B; railroad earnings edged down to $1.2B from $1.4B.
Share repurchases totaled $1.1B in Q3 and $7.0B YTD; insurance float reached $167B, up $3B from year-end.
First nine months operating earnings $28.9B vs $24.2B; GAAP net income $58.6B vs loss of $40.8B a year ago.

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

BERKSHIRE HATHAWAY INC reported first nine months ended September 30, 2023 results: net income $ 58,649 million, EPS $ 40,422 per Class A share; $ 26.95 per Class B share.

Period: first nine months ended September 30, 2023
Net income: $ 58,649 million
EPS: $ 40,422 per Class A share; $ 26.95 per Class B share
Result: reported results

Exact text from the filing

Net earnings (losses) attributable to Berkshire shareholders $ (12,767 ) $ (2,798 ) $ 58,649 $ (40,839 )

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

BERKSHIRE HATHAWAY INC reported financial results for third quarter ended September 30, 2023.

Period: third quarter ended September 30, 2023
Result: reported results

Exact text from the filing

Net earnings (losses) attributable to Berkshire shareholders $ (12,767 ) $ (2,798 ) $ 58,649 $ (40,839 )

View on SEC.gov

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

BERKSHIRE HATHAWAY INC reported financial results for third quarter ended September 30, 2023.

Period: third quarter ended September 30, 2023
Result: reported results

Exact text from the filing

Operating earnings 10,761 7,651 28,869 24,228

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Source: SEC EDGAR

accession 0001193125-23-272204

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