Berkshire: Buffett’s Berkshire posts document revenue, quarterly outcomes additionally rise

Warren Buffett‘s Berkshire Hathaway Inc on Saturday posted its second straight document annual revenue, bolstered by beneficial properties from its widespread inventory investments and as rising rates of interest helped its insurance coverage companies generate extra revenue.

Fourth-quarter working revenue rose 28% to $8.48 billion, or about $5,884 per Class A share, from $6.63 billion a 12 months earlier.

Internet revenue for the quarter greater than doubled to $37.57 billion, or $26,043 per Class A share, from $18.08 billion a 12 months earlier.

Buffett considers web outcomes deceptive as a result of they embody beneficial properties and losses on investments that Berkshire has not bought.

For all of 2023, Berkshire posted a web revenue of $96.2 billion, topping the outdated document $89.9 billion set in 2021. Berkshire misplaced $22.8 billion in 2022, when the inventory market fell.

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