Berkshire Q1 Earnings Jump 18%, Cash $400B

Berkshire Hathaway posted Q1 operating earnings of $11.35 bn, an 18% increase from $9.64 bn year‑over‑year.
Cash holdings rose to a record $397.38 bn, while the company repurchased $234 million of its own shares, its first buyback since May 2024.
Insurance profit rose 4% to $4.4 bn, while Geico’s underwriting profit fell 35%; BNSF earnings jumped 13% to $1.38 bn.
New CEO Greg Abel, succeeding Warren Buffett, pledged deliberate capital deployment and highlighted AI use in BNSF, aiming to capture market dislocations.