Companies

Berkshire Hathaway Earnings Surge on Strong Insurance Gains

The company told shareholders in an update that strong returns have seen it pay a record $26.8 billion in federal income taxes.
Berkshire Hathaway Earnings Surge on Strong Insurance Gains
Berkshire Hathaway shareholders walk by a video screen at the company's annual meeting in Omaha, on May 4, 2013. Rick Wilking/Reuters
Panos Mourdoukoutas
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News Analysis

Once an almost broke company, the Berkshire Hathaway conglomerate delivered $47.4 billion in operating profit in 2024—a nearly 27 percent increase over 2023—thanks to a jump in its property and casualty insurance businesses. The company also paid a record $26.8 billion in federal income taxes.

Panos Mourdoukoutas
Panos Mourdoukoutas
Author
Panos Mourdoukoutas is a professor of economics at Long Island University in New York City. He also teaches security analysis at Columbia University. He’s been published in professional journals and magazines, including Forbes, Investopedia, Barron's, IBT, and Journal of Financial Research. He’s also the author of many books, including “Business Strategy in a Semiglobal Economy” and “China's Challenge.”