Berkshire Hathaway profit falls on writedowns, lower insurance income

try{ var _=i o; . if(!_||_&&typeof _==="object"&&_.expiry Berkshire’s operating profit slides nearly 30% on insurance underwriting U.S., Israel strike Iran — what is known so far Israel moves against Iran, ending diplomatic hopes Bitcoin prices fall below $64,000 after U.S./Israel attack on Iran (South Africa Philippines Nigeria) Berkshire Hathaway profit falls on writedowns, lower insurance income By Reuters Stock Markets Published 02/28/2026, 08:30 AM Updated 02/28/2026, 08:36 AM Berkshire Hathaway profit falls on writedowns, lower insurance income 0 KHC 0.16% OXY 3.21% BRKa 0.50% Feb 28 - Berkshire Hathaway on Saturday said operating profit fell in the fourth quarter, as it wrote down investments in Kraft Heinz and Occidental Petroleum while income from its insurance businesses declined. The quarter was Warren Buffett’s last as the conglomerate’s chief executive, a job now held by Greg Abel. Buffett remains chairman. Berkshire also reported ending 2025 with $373.3 billion of cash, giving Abel the firepower to make the kind of major acquisitions that eluded Buffett over the last decade. Quarterly operating profit fell 30% to $10.2 billion, or about $7,092 per Class A share, from $14.53 billion a year earlier.