Berkshire Hathaway Discloses $499M Investment in Marsh & McLennan
Warren Buffett’s Berkshire Hathaway Inc. on Tuesday announced two major new investments, revealing an $8.6 billion stake in the phone company Verizon Communications Inc. and a $4.1 billion stake in oil...
View ArticleGEICO Drives Up Berkshire 2020 Underwriting Profit
With GEICO’s 2020 underwriting profit more than doubling above the level recorded in 2019, Berkshire Hathaway’s full-year property/casualty underwriting income was in the black, even though the...
View ArticleBerkshire Hathaway Opposes Climate Change, Diversity Reporting Proposals
Warren Buffett’s Berkshire Hathaway Inc. on Monday urged the rejection of shareholder proposals that annual reports be produced about its efforts to address climate change and promote diversity and...
View ArticleIn His Own Words: Q&A with Applied Underwriters’ Menzies on Buffet,...
Steve Menzies, founder and chairman of Applied Underwriters Inc., is a busy man. Since he reacquired his company from Warren Buffett’s Berkshire Hathaway in 2019, he has been buying businesses,...
View ArticleBuffett Extols U.S. Economic Recovery, Laments SPACs, Shrugs Off Tax Hike
Warren Buffett said on Saturday that Berkshire Hathaway Inc. is being lifted by a U.S. economy faring far better than he predicted early in the coronavirus pandemic, though investor euphoria is making...
View ArticleBuffett Says Non-Insurance Executive Abel Is His Likely Successor
Warren Buffett ended long-running speculation about his successor at Berkshire Hathaway Inc by saying Greg Abel, who oversees the conglomerate’s non-insurance businesses, would be named chief executive...
View ArticleBuffett’s Berkshire Hathaway Takes Big Stake in Aon
Berkshire Hathaway Inc. said on Monday it has taken a $943 million stake in insurance brokerage Aon Plc and sold large portions of its investments in Chevron Corp. and Wells Fargo & Co. The changes...
View ArticleBerkshire Hathaway Looks to Be Buying Back More of Its Own Stock
Warren Buffett’s Berkshire Hathaway Inc. appears to have extended its drive to repurchase its own stock, even with its share price near a record high, according to regulatory filings and an analyst....
View ArticleFrench Court Refuses to Dismiss Fire Charges Against Buffett-Owned Lubrizol
A French appeal court on Wednesday rejected a request by chemicals group Lubrizol to have judicial charges over a fire at a plant in Rouen quashed because of alleged irregularities in the...
View ArticleBuffett’s Berkshire Plans In-Person Shareholders Meeting For April
Warren Buffett’s company plans to hold its annual shareholders meeting that used to routinely attract more than 40,000 people in person this spring for the first time since the pandemic began....
View ArticleBerkshire Confirms Omaha Venue for In-Person Shareholders Meeting
Berkshire Hathaway confirmed that that its annual shareholders meeting will be an in-person meeting held in Omaha in April. The meeting will take place April 30 at the CHI Health Center, an arena and...
View ArticleBerkshire’s GEICO Posts 2021 Profit Much Lower Than 2020
Although Berkshire Hathaway’s biggest insurance operation GEICO reported a 63 percent drop in pretax underwriting income in 2021, overall the conglomerate’s insurance and reinsurance operations saw...
View ArticleBerkshire Rejects Calls to Replace Buffett, Boost Climate Reporting, Improve...
Berkshire Hathaway Inc. on Friday urged the rejection of four shareholder proposals recommending that it replace Warren Buffett as chairman, report on its plans to handle climate risk and reduce...
View ArticleBuffett’s Berkshire Hathaway to Buy Alleghany for $11.6 Billion
Warren Buffett’s Berkshire Hathaway said it reached an agreement with Alleghany Corp. to buy the New York-based property and casualty insurer for about $11.6 billion. Omaha, Nebraska-based Berkshire...
View ArticleLargest Public Pension Fund to Vote to Replace Buffett as Berkshire Chairman
CalPERS, the largest U.S. public pension fund, on April 19 said it will vote for a shareholder proposal that Berkshire Hathaway Inc. replace Warren Buffett as chairman, though he would remain chief...
View ArticleBerkshire Investors Nudge for Better Governance, Social Issues as Meeting Looms
Warren Buffett will face pressure to improve Berkshire Hathaway Inc’s environmental and social policies as well as governance when he meets shareholders this weekend, in what investors say is a...
View ArticleBerkshire Shareholders Vote to Keep Buffett as Chairman, Reject Climate...
Berkshire Hathaway Inc. shareholders on Saturday rejected proposals to have an independent chair replace Warren Buffett, and require his company to disclose more about its climate-related risks and...
View ArticleState Farm Still Wins: Buffett Talks Auto Insurance at Annual Event
There wasn’t a lot of talk about auto insurance at this year’s annual meeting of Berkshire Hathaway, but when the subject came up, Warren Buffett acknowledged the continued dominance of one...
View ArticleBerkshire Hathaway’s Buffett Talks Nuclear Risk and Tribalism
Shareholders attending Berkshire Hathaway’s annual meeting on Saturday had questions about what will happen to the conglomerate when Chairman Warren Buffett is no longer around to lead it. They also...
View ArticleBuffett Donates $4 Billion to Charity
Warren Buffett on Tuesday donated about $4 billion to the Bill & Melinda Gates Foundation Trust and four family charities, part of the billionaire’s pledge to give away nearly all of his net worth....
View ArticleBuffett’s Dairy Queen Loses Lawsuit Over ‘Blizzard’ Name
A federal judge ruled that Dairy Queen cannot stop W.B. Mason Co from selling “Blizzard” bottled spring water, the same name the unit of Warren Buffett’s Berkshire Hathaway Inc BRKa.N uses for a...
View ArticleBerkshire Hathaway to Beef Up Risk Disclosures Following SEC Request
Berkshire Hathaway Inc. agreed to better explain how its board of directors manages risks, including those taken by longtime Chairman Warren Buffett, after the U.S. Securities and Exchange Commission...
View ArticleWarren Buffett in Contact With Biden Team on Banking Crisis
Berkshire Hathaway Inc.’s Warren Buffett has been in touch with senior officials in President Joe Biden’s administration in recent days as the regional banking crisis unfolds. There have been multiple...
View ArticleWarren Buffett Predicts Earnings Decline at Berkshire Units
Warren Buffett, whose economic insights are craved for Berkshire Hathaway Inc.’s deep ties to the American economy, had a gloomy prediction for his own businesses: the good times may be over. The...
View ArticleWarren Buffett Gives $27M in Berkshire Hathaway Stock to an Unnamed Charity
Investor Warren Buffett has donated Berkshire Hathaway stock worth $27 million to an unnamed charity. Buffett disclosed the gift of 50 Class A shares of Berkshire stock in a filing with the Securities...
View ArticleWarren Buffett’s Bet on Mild Florida Storm Season Faces Test With Hurricane...
Berkshire Hathaway Inc. bet big earlier this year that Florida’s reinsurance market would deliver huge premiums with minimal losses. Hurricane Idalia is about to offer a test of that calculus, with...
View ArticleBuffett Watchers Tout Japan Insurers, Banks as Next Potential Value Targets
Warren Buffett’s buying of Japanese trading firms helped propel the nation’s stocks to multi-decade highs. Six months on, insurers and banks are emerging as the next potential value targets. Insurers...
View ArticleBerkshire Hathaway Reports $12.8B Loss as Investments Fall; Insurance...
Warren Buffett`s company has reported a nearly $13 billion loss in the third quarter as the paper value of its investments fell, but the companies it owns – particularly the insurers – generally...
View ArticleBuffett Gave Tribute to Partner and Friend Munger in Latest Annual Report
Warren Buffett’s Berkshire Hathaway released a brief statement late Tuesday announcing the death of Vice Chair Charlie Munger but the CEO paid tribute to his long-time partner months ago in the...
View ArticleWarren Buffett Says Berkshire ‘Built to Last’ Though Eye-Popping Gains Are Over
Warren Buffett on Saturday moved to reassure investors that his conglomerate Berkshire Hathaway would serve them well over the long term, even as he mourned the recent passing of his longtime...
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