Berkshire Hathaway, owned by American billionaire Warren Buffett, posted a record profit of around $36 billion on Saturday, made in the second quarter of 2023. A year earlier, the conglomerate had posted a loss of nearly $44 billion. . This performance is due in particular to the good results achieved by Berkshire’s insurance activities, which are less dependent on the economic situation.
Berkshire also announced, on the sidelines of its financial results, the repurchase of $1.4 billion of shares in the quarter, bringing the repurchase to $5.8 billion in the first quarter.
During the annual general meeting of his conglomerate last May, Warren Buffett announced that he anticipated a drop in profits from the majority of the stakes he holds for this year. On the other hand, he had expected, on this occasion, an increase in the profits of his insurance activities.
