Berkshire Hathaway reports record cash pile in Greg Abel’s first quarter as CEO
CNN • • general
Key Points:
- Berkshire Hathaway reported $11.35 billion in operating earnings for Q1 under new CEO Greg Abel, marking an 18% increase from last year but slightly below analyst estimates of $11.56 billion.
- The company’s cash reserves reached a record $397 billion, up from $373 billion at the end of 2025.
- Net income attributable to Berkshire shareholders more than doubled to approximately $10.1 billion from $4.6 billion in the same quarter last year.
- Insurance underwriting profits rose 28% to $1.7 billion, despite a 34% earnings drop at Geico, Berkshire’s leading insurance unit.
- This is Greg Abel’s first quarterly report as CEO, and he is set to speak at Berkshire’s annual shareholder meeting in Omaha, stepping into the role previously held by Warren Buffett.
