Connect with us

Hi, what are you looking for?


Here’s how Warren Buffett’s Berkshire Hathaway performed in Q1

Berkshire Hathaway Inc (NYSE: BRK.A) says its operating earnings went up 12.6% to about $8.1 billion in the first quarter on the back of a rebound in its insurance business.

Berkshire Hathaway Q1 earnings snapshot

Thanks to a massive increase in the company’s equity portfolio, total earnings shot up more than six folds to $35.5 billion.

Berkshire Hathaway noted a 7.0% year-on-year increase in its books value to $347,800 per Class A share in the recently concluded quarter. Legendary investor Warren Buffett reiterated that cash is “not” trash as he revealed his company to be sitting on just over $130 billion currently.

In comparison, the cash hoard was worth about $129 billion at the end of the last year. Higher interest rates (short-term) resulted in a whopping 68% boost to the company’s insurance investment income in Q1.

Berkshire also held its annual shareholders meeting over the weekend.

What else was noteworthy in the Q1 report?

Berkshire Hathaway repurchase $4.4 billion worth of its stock in the first quarter versus $2.6 billion in Q4. But the pace at which it bought back shares was still significantly down compared to the range of $6 billion to $7 billion in 2020 and 2021.  

Also on Saturday, the conglomerate reported a 46.3% hit to post-tax earnings from its energy business, as per the press release.

The decrease reflected lower earnings from the United States regulated utilities, other energy businesses and real estate brokerage businesses.

In Q1, the Warren Buffett company trimmed its stake in Chevron Corp (NYSE: CVX) by about 20%. Wall Street currently has a consensus “hold” rating on Berkshire Hathaway shares.

The post Here’s how Warren Buffett’s Berkshire Hathaway performed in Q1 appeared first on Invezz.

Enter Your Information Below To Receive Free Trading Ideas, Latest News And Articles.

    Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

    You May Also Like

    Latest News

    Rep. Jennifer Wexton (D-Va.) announced on Tuesday that she has been diagnosed with Parkinson’s Disease. “If there’s one thing that Democrats and Republicans can...

    Latest News

    After Dianne Feinstein announced she’d contracted the shingles in early March, her staff said she planned to return to the Senate within a matter...


    A U.S. District Court judge has ruled that Elizabeth Holmes, founder and CEO of the disgraced blood-testing company Theranos, cannot remain free on bail...

    Latest News

    SEOUL, South Korea — When a group of American lawmakers arrived in South Korea for meetings with government and military officials, President Yoon Suk-yeol...

    Disclaimer:, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2022 All Rights Reserved.