Berkshire Hathaway reported second-quarter operating earnings of nearly $13 billion. This figure represents a 16% year-over-year increase.
Strong performance in the railroad, energy, manufacturing, and retail sectors drove the growth. These results offset a weaker performance within the company’s insurance underwriting division.
The conglomerate repurchased $4.5 billion of its own stock during the period. This transaction marks the largest buyback since the first quarter of 2023.
Berkshire Hathaway became a net buyer of stocks for the first time in 14 quarters. The move signals a more active investment strategy under the company's new leadership.