"They were stunned at this year's meeting when Buffett announced that he would be stepping down as CEO of the investment giant at the end of the year. While he will remain board chair and continue to have a voice in the day-to-day operations, his pre-announced successor, Greg Abel, will assume the chief executive position at the end of the year."
"Berkshire Hathaway Inc. ( NYSE: BRK-B) reported better-than-expected results for the third quarter, thanks to some outstanding performance from the insurance companies in the portfolio. The company's Q3 2025 earnings increased to nearly $30.8 billion, a substantial rise driven by improved operating profits and higher investment gains. The company's cash reserves increased to a record $382 billion, while Buffett continued to be a net seller of stocks, with sales totaling $12.5 billion compared to $6.4 billion in purchases."
"The company beat estimates, with a massive 34% year-over-year increase in operating earnings to $13.485 billion. This was primarily driven by a surge in insurance underwriting income, which grew by over 200%. Once again, no Berkshire Hathaway stock was repurchased, and Buffett remained a net seller of stocks in the third quarter by parting with approximately $12.5 billion of stock and buying about $6.4 billion. This marks the 12th consecutive quarter of net selling, contributing to a record cash pile of $382 billion."
Warren Buffett will step down as CEO of Berkshire Hathaway at year-end, remaining board chair while Greg Abel becomes CEO. Berkshire reported Q3 2025 earnings of nearly $30.8 billion, driven by improved operating profits and investment gains. Operating earnings rose 34% year-over-year to $13.485 billion, led by insurance underwriting income that grew by over 200%. Cash reserves reached a record $382 billion. Buffett was a net seller in Q3, selling about $12.5 billion and buying $6.4 billion, marking the 12th consecutive quarter of net selling. No share repurchases were made. Berkshire has underperformed the S&P 500 in 2025.
Read at 24/7 Wall St.
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