Berkshire Hathaway Insurance Underwriting Business Dragging Down Operating Profit

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Berkshire Hathaway’s operating profit for the fourth quarter was $10.2 billion, compared to $14.53 billion in the same period last year, a decrease of nearly 30%. The operating profit from insurance underwriting in the fourth quarter was $1.56 billion, down 54% year-over-year. The operating profit from insurance investment operations in the fourth quarter was $3.07 billion, down 25% year-over-year. Net profit for the fourth quarter was $19.2 billion, a decrease of 2.5% year-over-year. Net attributable earnings for shareholders in the fourth quarter were $19.199 billion, compared to $19.694 billion in the same period last year. Investment net income for the fourth quarter was $13.494 billion, up from $5.167 billion in the same period last year.

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