mac Hathaway , run by Warren Buffet , saw Q2 gross profits rise by 67 % , from $ 4.17bn to $ 650 . The report suggested that its corporate underwriting team , consisting of Auto Insurer GEICO and reinsurer # ##urance , was behind the uptick . Net income nearly tripled to $ 12.01bn .
Berkshire Hathaway, run by Warren Buffet, saw Q2 operating profits rise by 67%, from $4.17bn to $6.89bn. The conglomerate suggested that its insurance underwriting arm, consisting of Auto Insurer GEICO and reinsurer Gen Re, was behind the uptick. Net income nearly tripled to $12.01bn.