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00:02Berkshire Hathaway reported fourth-quarter operating earnings of $10.2 billion,
00:07down more than 29% from $14.56 billion a year earlier,
00:11driven by weakness in its insurance business, according to CNBC.
00:15Insurance underwriting profits fell 54% to $1.56 billion,
00:20while insurance investment income declined to $3.1 billion from $4.088 billion.
00:27Overall fourth-quarter earnings slipped to $19.2 billion from $19.7 billion
00:32and included a $4.5 billion impairment tied to Kraft Heinz and Occidental Petroleum.
00:39Full-year operating earnings totaled $44.49 billion, down from $47.44 billion.
00:46Berkshire ended the quarter with $373.3 billion in cash and did not repurchase shares.
00:52Greg Abel began 2026 as CEO and said he will maintain Berkshire's financial strength
00:58and capital discipline.
00:59For all things money, visit Benzinga.com.
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