On August 3, 2024, Berkshire Hathaway Inc. released its earnings report for the second quarter and the first half of the year ending June 30, 2024. The report, which was made public through a Form 8-K filing with the SEC, showed that net earnings attributable to Berkshire shareholders were $30.348 billion for the second quarter, down from $35.912 billion in the same period the previous year. For the first six months, net earnings were $43.050 billion, a decrease from $71.416 billion in the prior year. The earnings included significant investment gains and losses, with realized gains on sales of investments totaling $47.0 billion in the second quarter and $58.2 billion for the first half of the year. However, these were offset by losses due to changes in unrealized gains in...Show More

On August 3, 2024, Berkshire Hathaway Inc. released its earnings report for the second quarter and the first half of the year ending June 30, 2024. The report, which was made public through a Form 8-K filing with the SEC, showed that net earnings attributable to Berkshire shareholders were $30.348 billion for the second quarter, down from $35.912 billion in the same period the previous year. For the first six months, net earnings were $43.050 billion, a decrease from $71.416 billion in the prior year. The earnings included significant investment gains and losses, with realized gains on sales of investments totaling $47.0 billion in the second quarter and $58.2 billion for the first half of the year. However, these were offset by losses due to changes in unrealized gains in equity security investments. Operating earnings for the quarter were $11.598 billion, up from $10.043 billion in 2023, and $22.820 billion for the first half, compared to $18.108 billion in the previous year. The report also highlighted that approximately $345 million was spent on share repurchases in the second quarter, totaling $2.9 billion for the first half of the year. Berkshire Hathaway's insurance float as of June 30, 2024, was approximately $169 billion. The company emphasized the importance of reading the full 10-Q report for a complete investment analysis and noted that quarterly investment gains and losses can be misleading due to GAAP requirements.