Berkshire Hathaway's net profit surged 120% in Q1, with a record cash reserve reaching USD 397 billion, marking the 14th consecutive quarter of net stock sales | Earnings Insights

Berkshire Hathaway reported an operating profit of USD 11.346 billion for the first quarter of 2026, representing an 18% year-on-year increase. Among this, underwriting profits from the insurance business grew by 28%, while profits from its railway subsidiary BNSF increased by 13%. Foreign exchange gains reversed significantly. Net investment losses narrowed from USD 5.038 billion in the same period last year to USD 1.240 billion, driving a nearly 120% year-on-year growth in GAAP net profit. Cash reserves reached a record high of USD 397 billion in the first quarter.

wallstreetcn21:03 ET

Research Alert: Berkshire Q1 Eps Tops Expectations, With Mixed Insurance Results

MT Newswires18:40 ET · Ratings

Buffett's successor Greg answers the toughest question at the conference: Who is your 'Charlie Munger'?

Berkshire's new CEO, Greg Abel, stated at the 2026 annual shareholders' meeting that the legendary partnership between Buffett and Munger is "irreplaceable," but pledged to lead the company forward as a strong leader. He emphasized that Buffett will continue to serve as chairman to ensure a smooth transition, relying on an outstanding board of directors, Vice Chairman Ajit Jain, and approximately 50 subsidiary CEOs to establish a collaborative decision-making mechanism.

wallstreetcn17:26 ET

Buffett: Unprecedented speculative sentiment in the market, lack of an ideal investment environment; Powell feels more at ease when no one is answering the phone (full text attached).

During an exclusive interview on the sidelines of the 2026 Berkshire Hathaway Annual General Meeting, Buffett compared the current market to "a church with a casino attached," warning that the collapse of monetary trust would be a tragedy. Facing $380 billion in cash reserves, he frankly admitted that valuations are too high and targets are scarce, stating that the best time to buy is "when no one answers the phone." Finally, he offered shareholders his ultimate advice by citing the golden rule: "Do unto others as you would have them do unto you."

wallstreetcn16:35 ET

Berkshire CEO Greg Abel Takes the Stage, Making a Case for the Post-Buffett Era

WSJ15:57 ET

Vice Chairman of Berkshire Hathaway Insurance: Underwriting in the Strait of Hormuz "depends on the price"

At the Berkshire Hathaway shareholders' meeting, Ajit Jain, vice chairman of the insurance business, responded to a question about whether coverage was provided for ships in the Strait of Hormuz with a concise statement: "Simply put, it depends on the price." Berkshire Hathaway has participated on a small scale in an underwriting project designed for vessels in the Strait of Hormuz. No specific deals have been signed yet, and one of the preconditions for this project is the escort provided by the U.S. military.

wallstreetcn15:56 ET