Berkshire Hathaway, run by Warren Buffet, saw Q2 operating profits rise by 67%, from 12.01bn6.89bn. 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 $$4.17bn to $.
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.