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© Reuters. FILE PHOTO: Berkshire Hathaway Chairman Warren Buffett walks via the exhibit corridor as shareholders collect to listen to from the billionaire investor at Berkshire Hathaway Inc’s annual shareholder assembly in Omaha, Nebraska, U.S., Might 4, 2019. REUTERS/Scott
(Reuters) – Warren Buffett’s Berkshire Hathaway (NYSE:) Inc on Saturday posted its second straight file annual revenue, bolstered by good points from its frequent inventory investments and as rising rates of interest helped its insurance coverage companies generate extra earnings.
Fourth-quarter working revenue rose 28% to $8.48 billion, or about $5,884 per Class A share, from $6.63 billion a 12 months earlier.
Web earnings for the quarter greater than doubled to $37.57 billion, or $26,043 per Class A share, from $18.08 billion a 12 months earlier.
Buffett considers internet outcomes deceptive as a result of they embrace good points and losses on investments that Berkshire has not bought.
For all of 2023, Berkshire posted a internet revenue of $96.2 billion, topping the outdated file $89.9 billion set in 2021. Berkshire misplaced $22.8 billion in 2022, when the inventory market fell.
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