The actions of Berkshire Hathaway soaked all time on Monday after the conglomerate announcement of his best quarterly benefit. Class A shares jumped 4% to end $ 747,485.49, briefly affecting $ 755,968 during the day’s negotiation.
Record performance
The company led by Warren Buffett said that the benefit of its 189 operating companies had jumped from $ 14.53 billion to the fourth quarter. Excluding currency gains, profits reached $ 13.38 billion, exceeding analysts’ forecasts.
Key factory facts:
- Operating profit in full increase of 27% for a record of $ 47.44 billion
- The cash position doubled in 2024 to 334.2 billion dollars
- Total net profit, including equity and losses, has reached $ 89 billion
- The market value reached 1.08 dollars billion
The insurance period leads to growth
Buffett congratulated Geico’s CEO, Todd Combs, in his Annual shareholder letter To considerably improve the performance of the automotive insurer. Geico’s subscription benefit more than doubled in 2024, despite the reduction of 2,300 jobs, following 7,700 job discounts in 2023.
Several analysts have increased their price objectives and their profits for Berkshire following the report. UBS analyst Brian Meredith, noted that Geico “seems to have firmly turned the turn”.
Buffett’s future
Buffett, 94, who has directed Berkshire since 1965, recognized the possible transition of company leadership in his letter: “At 94, it will not take long before Greg Abel replaces me as CEO and write the annual letters.” Abel, 62, is currently vice-president of Berkshire.
Buffett’s personal fortune increased to $ 155.5 billion after the increase in action, ranking it sixth around the world according to Forbes magazine.
Manon Mainville
Content editor
Manon Mainville
Content editor
I am a main content editor at Business2Community, where I am looking for and produces in -depth articles on the latest commercial, marketing and technology trends. I collaborate with editorial teams, opinion leaders and industry experts to create high -quality engaging content that resonates with readers. By mixing analytical information with a clear and concise writing style, I help our audience to remain informed and authorized to make strategic decisions in the digital landscape today.
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Manon Mainville •2025-02-03 21:22:16
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