The figures: Berkshire Hathaway has announced a 12.6% increase in operating profit as numerous aspects of the business improved, including a 68% increase in insurance investment income. Net earnings were up from $5.6B this time last year to $35.5B.
Reserves: The company's cash reserves were up from Q4 2022 despite repurchasing $4.4B in stock this past quarter, the most in two years. The company's cash reserves are currently at $130.616B.
Stock Price: The stock is currently 3% below its all-time higher after gaining 4.9% so far this year. Futures indicate the stock should gain when markets open on Monday.