Berkshire Q2 net earnings down to $12.4B from $30.3B; operating earnings flat at $11.2B

BERKSHIRE HATHAWAY INC

Net earnings $12,370M ($8,601/Class A share) vs $30,348M a year ago; includes $3.76B Kraft Heinz impairment.
Operating earnings $11,160M, down 4% YoY from $11,598M; insurance-underwriting dipped 12% to $1,992M.
Insurance investment income rose to $3,367M; BNSF earnings up 20% to $1,466M; manufacturing up 7%.
Investment gains $4.97B (mostly realized) vs $18.75B in Q2 2024; float grew $3B to ~$174B.
Foreign currency losses on non-USD debt totaled $877M in Q2, swinging from a $446M gain a year ago.

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