- Under new CEO Greg Abel, Berkshire shelled out big — about $10 billion for Alphabet parent stock and roughly $4.5 billion in share buybacks — cutting cash to about $365.5 billion.
- Net profit more than doubled to roughly $25.7 billion on big investment gains, while operating earnings grew about 10%.
- Mixed picture for investors: management has resumed meaningful buybacks (encouraging), but Geico’s underwriting profits plunged about 45% (a red flag).
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