Buffett’s Berkshire posts record profit on insurance, investments
Warren Buffett‘s Berkshire Hathaway on Saturday posted its third straight record annual operating profit, bolstered by large increases in underwriting earnings and investment income in its insurance businesses. Operating profit rose 27% to $47.44 billion in 2024 from $37.35 billion a year earlier. Fourth-quarter operating profit also set a record, rising 71% to $14.53 billion,…