Berkshire Hathaway, a huge company run by Warren Buffett, had a super successful end of 2024! Their profits went way up, mostly because of higher interest rates and a great recovery in their insurance business. This means they made a lot more money than usual.
- Higher interest rates helped their investments grow.
- Their insurance company, GEICO, did much better than expected.
- They have a record amount of cash saved up – a whopping $334.2 billion!
| Fact | Number |
|---|---|
| Total earnings (Q4 2024) | $14.5 billion |
| Increase in insurance investment income | 48% |
| GEICO's pretax underwriting earnings (2024) | $7.8 billion |
| Expected wildfire loss | $1.3 billion |
| Total cash | $334.2 billion |
