Berkshire Hathaway shares reach an all-time high on strong earnings, marking a pivotal moment for Warren Buffett’s conglomerate. The company reported its highest-ever quarterly profit, driven by impressive gains in its insurance division.

Investors witnessed a 4% increase in Class A shares, closing at $747,485.49 with an intraday peak of $755,968, surpassing previous records. The Class B shares also rose by 4.1% to settle at $498.42. With these gains, Berkshire Hathaway’s market capitalization hit $1.08 trillion.

A Record-Setting Performance

• Q4 operating profit increased 71% year-over-year to $14.53 billion, exceeding analyst expectations.
• Full-year operating profit rose to $47.44 billion, a 27% increase from the previous year.
• Berkshire’s cash reserves climbed to $334.2 billion, largely invested in U.S. Treasury bills.
• Despite trimming its stake in Apple, Berkshire retains it as its largest investment.

Warren Buffett’s wealth increased to $155.5 billion, making him the sixth-richest individual worldwide.

Geico’s Strong Performance Drives Gains

Geico, Berkshire’s auto insurance unit, played a significant role in this success, with profits more than doubling despite workforce reductions. This performance underscores the strength of Berkshire’s diversified portfolio.

Investment Insights

With a robust cash position and disciplined investment strategy, investors should analyze Berkshire’s full financials, tracking capital deployment and stock repurchases closely.

This remarkable quarterly performance reinforces Buffett’s principles, as Berkshire continues to outperform market expectations.