Berkshire Now Has A Cash Hoard Of $130B

🚨 🚨 Berkshire Hathaway posted an almost 13% gain in operating earnings to $8.07 billion for the first quarter, powered by its insurance underwriting businesses including auto-insurer Geico
Profit from insurance underwriting came in at $911 million, up sharply from $167 million a year prior. Insurance investment income also jumped 68% to $1.969 billion from $1.170 billion
Berkshire’s cash hoard also swelled to $130.616 billion from $128 billion in the fourth quarter of 2022
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