Berkshire profit slips 3.8% on insurance
May 5, 2014 by Noah Buhayar, Zachary Tracer
(Bloomberg) — Berkshire Hathaway Inc. reported a 3.8% decline in first-quarter profit, as underwriting results declined at insurance businesses and on reduced earnings from Chairman Warren Buffett’s derivatives wagers.
Net income slipped to $4.71 billion, or $2,862 a share, from $4.89 billion, or $2,977, a year earlier, the Omaha, Nebraska-based company said yesterday. The decrease in profit was the first since 2012. Click here to read…
Originally Posted at LifeHealthPro on May 5, 2014 by Noah Buhayar, Zachary Tracer.
Categories: Industry Articles