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Berkshire Hathaway (NYSE:BRK.B) (NYSE:BRK.A) bought back $6.9B of its shares in This autumn 2021. All advised, Berkshire (BRK.B) purchased again $27B of its personal shares in 2021, up from the $24.7B it repurchased in 2020.
Because the finish of 2021, Berkshire (BRK.B) purchased $1.2B extra of its shares, CEO Warren Buffett stated in his his letter to shareholders. (Added at 8:48 AM ET)
The diversified insurance coverage and funding firm constructed by Warren Buffett noticed its money and short-term securities holdings creep up within the quarter. It held ~$146.7B of money and short-term securities at Dec. 31, 2021 vs. $149.2B at Sept. 30.
This autumn working earnings of $7.29B vs. $6.47B in Q3 and $5.02B in This autumn, a forty five% Y/Y leap as insurance coverage underwriting reversed from a year-ago loss. Railroad, power, and utilities earnings additionally contributed to the acquire in addition to a wholesome enhance in “different companies.”
Insurance coverage float was ~$147B at Dec. 31, 2021 vs. ~$145B at Sept. 30.
Working earnings by section:
- Insurance coverage underwriting — $372M vs. -$299M a yr in the past.
- Insurance coverage – funding revenue — $1.22B vs. $1.27B
- Railroad, utilities, and power —$2.24B vs. $2.00B.
- Different companies — $2.79B vs. $2.47B
- Different — $662M vs. -$412M
This autumn internet earnings, which incorporates funding and derivatives features or losses (most of which is unrealized), had been $39.6B, or $17.79 per class B share. That compares with $10.3B or $4.59 per class B share, in Q3 and $35.8B, or $15.34 per share, in This autumn 2020
SA contributor Jim Sloan explains why Warren Buffett’s Berkshire (BRK.B) mustn’t be broken up
