Thursday, June 13, 2024

Warren Buffett’s Berkshire Hathaway Swings to Loss, Stung by Battered Market

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https://www.wsj.com/articles/warren-buffetts-berkshire-hathaway-swings-to-loss-stung-by-battered-market-11667654056

Losses from insurance underwriting offset gains in manufacturing, service and retail businesses

Warren Buffett’s Berkshire Hathaway Inc. swung to a loss in the third quarter as a volatile stock market and losses from insurance underwriting offset gains in its manufacturing, service and retail businesses.

The Omaha, Neb., company reported a net loss of $2.69 billion, or $1,832 a class A share equivalent, versus a year-earlier profit of $10.34 billion, or $6,882 a share.

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