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Berkshire Hathaway 4th-Quarter Profit Up 32 Percent

By on February 27, 2016

OMAHA, Neb. – Berkshire Hathaway reported a 32 percent jump in fourth-quarter earnings as its eclectic collection of subsidiaries mostly performed well.

The conglomerate based in Omaha, Nebraska, that Warren Buffett leads said Saturday that it earned $5.48 billion, or $3,333 per Class A share. That’s up from $4.16 billion, or $2,529 per Class A share, a year earlier.

The three analysts surveyed by FactSet expected Berkshire to report earnings per Class A share of $3,129.58 in the fourth quarter.

Berkshire’s insurance companies, which include Geico and General Reinsurance, recorded a $306 million underwriting profit, up from $191 million.

The company’s BNSF railroad and utility businesses also performed well as Berkshire’s revenue grew 7 percent to $51.8 billion.

Berkshire also released Buffett’s annual letter to shareholders Saturday.

WASHINGTON, DC - OCTOBER 13: Warren Buffett, chairman and CEO of Berkshire Hathaway, speaks during the Fortune summit on "The Most Powerful Women" at the Mandarin Hotel October 13, 2015 in Washington, DC. Each year Fortune compiles a list of the countries most power women that spans industries as diverse as finance, retail, and entertainment. (Photo by Mark Wilson/Getty Images)

Warren Buffett, chairman and CEO of Berkshire Hathaway (Photo by Mark Wilson/Getty Images)

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