Buffett’s Berkshire posts record earnings on insurance coverage, financial investments
© Reuters. SUBMIT PHOTO: Berkshire Hathaway Chairman Warren Buffett strolls through the display hall as investors collect to speak with the billionaire financier at Berkshire Hathaway Inc's yearly investor conference in Omaha, Nebraska, U.S., May 4, 2019. REUTERS/Scott
By Jonathan Stempel (Reuters) - Warren Buffett's Berkshire Hathaway (NYSE:-RRB- on Saturday published its 2nd straight record yearly operating earnings, with its insurance coverage organization taking advantage of enhanced underwriting and greater earnings from financial investments as rates of interest increased. Earnings likewise reached a record $96.2 billion, as the increasing stock exchange improved the worth of Berkshire's $354 billion equity portfolio, half of which remains in Apple (NASDAQ:-RRB-. In his yearly ...