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00:02Berkshire Hathaway shares fell Monday after the conglomerate reported fourth quarter results
00:06that missed some analysts' expectations and signaled caution on deploying its $373 billion
00:12cash stake, according to Reuters. Class A shares dropped as much as 5.3%,
00:18while Class B shares fell about the same amount. The decline marked the largest since Buffett
00:23announced last May that Gray Gable would take over as chief executive in 2026.
00:27Berkshire said fourth quarter operating profit fell 30% to $10.2 billion, including a 38%
00:34decline at Geico and other insurance businesses.
00:38Abel said Geico faces pressure from lower rival rates and cited pricing pressure in reinsurance.
00:43An analyst said results broadly missed forecasts and cut his 2026 earnings estimate by 5%.
01:03For all things money, visit Benzinga.com.
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