Berkshire’s Geico unit, the No. 3 auto insurer, has cut its head count by over 30% since the end of 2021 to about 28,000 employees

Berkshire has three main insurance businesses: Geico, Berkshire Hathaway Primary Group, and Berkshire Hathaway Reinsurance Group. All three insurance segments had a profitable underwriting year.

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Warren Buffett said in his letter that his company's record tax payment should be used to "take care of the many" who "get the short straws in life."

Warren Buffett’s conglomerate held $334 billion in cash at the end of 2024, helping to stabilize earnings in the face of declines at more than half of the nearly 200 businesses it operates.

The opportunity-starved organization is likely to start making major investments again -- just in a different way.

Berkshire Hathaway (BRK.A, Financials) reported $47.4 billion in operating earnings for 2024, a 27% increase from $37.4 billion in 2023, fueled by higher investment income and improved insurance performance.

Feb 24 (Reuters) - Berkshire Hathaway (BRKa.N), opens new tab shares ... Buffett said Berkshire outpaced his expectations, and singled out Geico Chief Executive Todd Combs for improving the ...

Warren Buffett's Berkshire Hathaway saw its stockpile of cash continue to swell, amid questions about what he plans to do with all that money. But in his annual letter to the conglomerate's shareholders, he reaffirmed his desire to invest in businesses ...